Document:

Filed by Bowne Pure Compliance

EXHIBIT 10.2

AMENDED AND RESTATED

EMPLOYMENT AND NON-COMPETE AGREEMENT

THIS AGREEMENT is between AutoZone, Inc., a Nevada corporation and its various
subsidiaries (collectively “AutoZone”), and Robert D. Olsen, an individual
(“Employee”) dated as of December 29, 2008 (“Effective Date”) and is an
amendment and restatement of the Employment and Non-Compete Agreement between Employee and AutoZone, Inc. dated
November 9, 2000 (the “Agreement”).

For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties are agreed as follows:

1. Employment. AutoZone agrees to employ Employee and Employee
agrees to remain in the employment of AutoZone, or a subsidiary or affiliate, until the expiration or earlier
termination of this Agreement.

2. Term. This Agreement shall be effective as of the Effective Date
and shall continue until it is terminated pursuant to Paragraph 8, 9, or 10.

3. Salary. Employee shall receive a salary from AutoZone as
follows: During the term of this Agreement, Employee shall receive annual compensation of $450,000, subject to
increases as determined by the Compensation Committee of the Board of Directors (“Base Salary”). The
Base Salary amount shall be paid on a pro-rated basis for all partial years based on a 364 day year. AutoZone
reserves the right to increase the Base Salary above the amounts stated above in its sole discretion. All salary shall
be paid at the same time and in the same manner that AutoZone’s other officers are paid.

4. Bonus. During the term of this Agreement, Employee shall receive
a bonus based on a target of up to 60% of the Employee’s Base Salary in accordance with policies and procedures
established by AutoZone’s Compensation Committee and Board of Directors which shall be based upon the financial
and operational goals and objectives for the Employee and AutoZone established by the Compensation Committee for each
of AutoZone’s fiscal years (“Target”) in accordance with AutoZone’s Executive Incentive
Compensation Plan. The Target is established at the sole discretion of the Compensation Committee and Board of
Directors and is subject to review and revision at any time upon notification to the Employee. All bonuses shall be
paid at the same time and in the same manner that AutoZone’s other officers are paid, but in no event later than
the fifteenth day of the third month following the end of the relevant fiscal year.

5. Duties. Employee shall serve as AutoZone’s Executive Vice
President performing such duties as AutoZone’s Board of Directors may direct from time to time and as are
normally associated with such a position. AutoZone may, in its sole discretion, alter, expand or curtail the services
to be performed by Employee or position held by Employee from time to time, without adjustment in compensation.
Employee shall devote his entire time and attention to AutoZone’s business. During the term of this Agreement,
Employee shall not engage in any other business activity that conflicts with his duties with AutoZone, regardless of
whether it is pursued for gain or profit. Employee may, however, invest his assets in or serve on the Board of
Directors of other companies so long as they do not require Employee’s services in the day to day operation of
their affairs and do not violate AutoZone’s conflict of interest policy. Notwithstanding, Employee may from time
to time invest de minimus amounts in the publicly traded stock of Competitors upon written approval of AutoZone’s
General Counsel.

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6. Other Benefits. Other benefits to be received by Employee from
AutoZone shall be the ordinary benefits received by AutoZone’s other executive officers, which may be changed by
AutoZone in its sole discretion from time to time.

7. Taxes. Employee understands that all salary, bonus and other
benefits will be subject to reduction for amounts required to be withheld by law as taxes and otherwise.

8. Termination by AutoZone.

(a) Without Cause. AutoZone may terminate this
Agreement without Cause at any time upon notice to Employee and Employee shall cease to be an officer of AutoZone. If
the Employee experiences a “separation from service” (within the meaning of Section 409A(a)(2)(A)(i)
of the Internal Revenue Code of 1986, as amended, and Treasury Regulation Section 1.409A-1(h))
(“Separation from Service”) due to the Employee’s termination by AutoZone without Cause then
AutoZone shall promptly pay or provide to the Employee:

(i) Subject to Paragraph 16(c) below,
two (2) years of the Employee’s then-current Base Salary, payable in substantially equal installments over
the two (2) year period following the date of such Separation from Service (the “Termination
Date”) (such two-year period after the Termination Date, the “Continuation Period”) in
accordance with AutoZone’s regular payroll practice, which amounts shall be payable on each payroll date on which
AutoZone pays salary payments to its officers, beginning with the first such payroll date after the Termination Date
(the “First Payroll Date”), and any amounts that would otherwise have been paid pursuant to this
Paragraph 8(a)(i) prior to such payroll date shall be paid in a lump-sum on the First Payroll Date;

(ii) To the extent that the Employee has
unvested stock options that would have otherwise vested during the Continuation Period had Employee not experienced a
Separation from Service (the “Subject Stock Options”), the vesting of such Subject Stock Options
shall accelerate and such Subject Stock Options shall become fully vested on the Termination Date. The Subject Stock
Options and all other stock options held by the Employee that vested on or before the Termination Date may be exercised
in the manner set forth in the respective stock option agreements until the earlier of the 30 days following the
end of the Continuation Period or the maximum term of the respective stock option agreement, without regard to any
possible early expiration resulting from the Employee’s termination of employment. Notwithstanding, the
Employee’s termination of employment pursuant to this paragraph shall not be considered a “Termination of
Employment” pursuant to any stock option agreement for any stock option that would vest during the Continuation
Period to cause such stock option to terminate;

(iii) Continuation of medical, dental
and vision benefit coverage under a “group health plan” of AutoZone for the benefit of the Employee and/or
the Employee’s dependents, for the period beginning on the Termination Date and equal to the sum on (1) the
Continuation Period and (2) the period during which the Employee was entitled to elect COBRA coverage as of the
Termination Date, initially pursuant to Employee’s COBRA election until the expiration of the maximum COBRA
period applicable to Employee;

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(iv) Pay to the Employee a lump-sum
amount equal, as determined by AutoZone, to two times the total aggregate annual COBRA premium costs for group medical,
dental and vision benefit coverage for the Employee and the Employee’s spouse and dependents, in each case, as in
effect with respect to each such individual immediately prior to such Separation from Service, which lump-sum payment
shall be made six (6) months after the Termination Date. For the avoidance of doubt, the payment described in this
Paragraph 8(a)(iv) shall be subject to withholding of any federal, state, local or foreign withholding or other
taxes or charges which AutoZone is required to withhold; and

(v) During the Continuation Period, the
Employee shall not earn any bonus payments. AutoZone shall pay Employee a prorated bonus for the fiscal year which
includes the Termination Date calculated based on the period of time elapsed during such fiscal year until the
Termination Date and the formula established by the Compensation Committee for officers for that fiscal year. Said
bonus shall be paid when other officer bonuses are paid for that fiscal year, but in no event later than the fifteenth
day of the third month following the end of such fiscal year.

AutoZone shall have no obligations other than those stated
herein upon the termination of this Agreement and Employee hereby releases AutoZone from any and all obligations and
claims except those as are specifically set forth herein. Each payment under this Paragraph 8(a) shall be treated as a
separate payment for purposes of Section 409A (as defined below). To the extent that any reimbursement is received
or to be received by Employee, such reimbursements shall be administered consistent with the following additional
requirements as set forth in Treasury Regulation section 1.409A-3(i)(1)(iv): (1) Employee’s eligibility for
benefits in one taxable year will not affect Employee’s eligibility for benefits in any other taxable year,
(2) any reimbursement of eligible expenses will be made on or before the last day of the taxable year following
the taxable year in which the expense was incurred, and (3) Employee’s right to benefits is not subject to
liquidation or exchange for another benefit.

(b) With Cause. AutoZone shall have the right to
terminate this Agreement and Employee’s employment with AutoZone for Cause at any time. Upon such termination for
Cause, Employee shall have no right to receive any compensation, salary, or bonus and shall immediately cease to
receive any benefits (other than those as may be required pursuant to the AutoZone Pension Plan or by law) and any
stock options shall be governed by the respective stock option agreements in effect between the Employee and AutoZone
at that time. “Cause” shall mean the willful engagement by the Employee in conduct which is demonstrably or
materially injurious to AutoZone, monetarily or otherwise. For this purpose, no act or failure to act by the Employee
shall be considered “willful” unless done, or omitted to be done, by the Employee not in good faith and
without reasonable belief that his action or omission was in the best interest of AutoZone.

9. Termination by Employee. Employee may terminate this Agreement
at any time upon written notice to AutoZone. Upon such termination, Employee’s employment shall terminate and
Employee shall cease to receive any further salary, benefits, or bonus, and all stock options granted shall be governed
by the respective stock option agreement(s) between the Employee and AutoZone.

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10. Termination by Employee upon a Change of Control. Employee may
terminate this Agreement upon a Change of Control of AutoZone by giving written notice to AutoZone within sixty days of
the occurrence of a Change of Control. Upon giving such notice to AutoZone, Employee’s employment shall terminate
and Employee shall cease to receive any payments or benefits pursuant this Agreement and all stock options held by
Employee shall be governed by the respective stock option agreement(s). Any of the following events shall constitute a
“Change of Control”: (a) the acquisition after the date hereof, in one or more transactions, of
beneficial ownership (as defined in Rule 13d-3(a)(1) under the Securities Exchange Act of 1934, as amended
(“Exchange Act”)), by any person or entity or any group of persons or entities who constitute a
group (as defined in Section 13(d)(3) under the Exchange Act) of any securities such that as a result of such
acquisition such person, entity or group beneficially owns AutoZone, Inc.’s then outstanding voting securities
representing 51% or more of the total combined voting power entitled to vote on a regular basis for a majority of the
board of Directors of AutoZone, Inc. or (b) the sale of all or substantially all of the assets of AutoZone
(including, without limitation, by way of merger, consolidation, lease or transfer) in a transaction where AutoZone or
the beneficial owners (as defined in Rule 13d-3(a)(1) under the Exchange Act) of capital stock of AutoZone do not
receive (i) voting securities representing a majority of the total combined voting power entitled to vote on a
regular basis for the board of directors of the acquiring entity or of an affiliate which controls the acquiring entity
or (ii) securities representing a majority of the total combined equity interest in the acquiring entity, if other than
a corporation; provided however, that the foregoing provisions of this Paragraph 10 shall not apply to any
transfer, sale or disposition of shares of capital stock of AutoZone to any person or persons who are affiliates of
AutoZone on the date hereof.

11. Effect of Termination. Any termination of Employee’s
service as an officer of AutoZone shall be deemed a termination of Employee’s service on all boards and as an
officer of all subsidiaries of AutoZone.

12. Non-Compete. Employee agrees that he will not, for the period
commencing on the termination date of this Agreement pursuant to Paragraph 8 or 9 (whichever is applicable) of
this Agreement and ending on

	 	(i)	 	the date two years after said termination date of this Agreement if either Employee voluntarily terminates this
Agreement or this Agreement is terminated by AutoZone for Cause; or

	 	(ii)	 	the end of the Continuation Period if this Agreement is terminated by AutoZone without Cause,

be engaged in or concerned with, directly or indirectly, any business related
to or involved in the retail sale of auto parts to “DIY” customers, or the wholesale or retail sale of auto
parts to commercial installers in any state, province, territory or foreign country in which AutoZone operates now or
shall operate during the term set forth in this non-compete paragraph (herein called “Competitor”),
as an employee, director, consultant, beneficial or record owner, partner, joint venturer, officer or agent of the
Competitor.

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The parties acknowledge and agree that the time, scope, geographic area and
other provisions of this Non-Compete section have been specifically negotiated by sophisticated commercial parties and
specifically hereby agree that such time, scope, geographic area and other provisions are reasonable under the
circumstances and are in exchange for the obligations undertaken by AutoZone pursuant to this Agreement.

Further, Employee agrees not to hire, for himself or any other entity,
encourage anyone or entity to hire, or entice away from AutoZone any employee of AutoZone during the term of this
non-compete obligation.

If at any time a court of competent jurisdiction holds that any portion of this
Non-Compete section is unenforceable for any reason, then Employee shall forfeit his right to any further salary,
bonus, stock option exercises, or benefits from AutoZone during any Continuation Period. This Paragraph 12 shall
not apply to a termination by Employee pursuant to Paragraph 10.

13. Confidentiality. Unless otherwise required by law, Employee
shall hold in confidence any proprietary or confidential information obtained by him during his employment with
AutoZone, which shall include, but not be limited to, information regarding AutoZone’s present and future
business plans, vendors, systems, operations and personnel. Confidential information shall not include information:
(a) publicly disclosed by AutoZone; (b) rightfully received by Employee from a third party without
restrictions on disclosure; (c) approved for release or disclosure by AutoZone; or (d) produced or disclosed
pursuant to applicable laws, regulation or court order. Employee acknowledges that all such confidential or proprietary
information is and shall remain the sole property of AutoZone and all embodiments of such information shall remain with
AutoZone.

14. Breach by Employee. The parties further agree that if, at any
time, despite the express agreement of the parties hereto, Employee violates the provisions of this Agreement by
violating the Non-Compete or Confidentiality sections, or by failing to perform his obligations under this Agreement,
Employee shall forfeit any unexercised stock options, vested or not vested, and AutoZone may cease paying any further
salary or bonus. In the event of breach by Employee of any provision of this Agreement, Employee acknowledges that such
breach will cause irreparable damage to AutoZone, the exact amount of which will be difficult or impossible to
ascertain, and that remedies at law for any such breach will be inadequate. Accordingly, AutoZone shall be entitled, in
addition to any other rights or remedies existing in its favor, to obtain, without the necessity for any bond or other
security, specific performance and/or injunctive relief in order to enforce, or prevent breach of any such provision.

15. Death of Employee or Disability. If Employee should die or
become disabled (such that he is no longer capable of performing his duties) during the term of this Agreement, then
all salary and bonus shall cease as of the date of his death or disability, all stock options shall be governed by the
terms of the respective stock option agreements, and Employee shall receive disability or death benefits as may be
provided under AutoZone’s then existing policies and procedures related to disability or death of AutoZone
employees.

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16. Code Section 409A.

(a) General. To the extent applicable, this Agreement
shall be interpreted in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (together with
Department of Treasury regulations and other official guidance issued thereunder,
“Section 409A”). Notwithstanding any provision of this Agreement to the contrary, in the event
that AutoZone determines in good faith that any compensation or benefits payable under this Agreement may not be either
exempt from or compliant with Section 409A, AutoZone shall consult with the Employee and adopt such amendments to
this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive
effect), or take any other commercially reasonable actions necessary or appropriate to (i) preserve the intended
tax treatment of the compensation and benefits payable hereunder, to preserve the economic benefits of such
compensation and benefits, and/or (ii) to exempt the compensation and benefits payable hereunder from
Section 409A or to comply with the requirements of Section 409A and thereby avoid the application of penalty
taxes thereunder; provided, however, that this Paragraph 16 does not, and shall not be construed so as to,
create any obligation on the part of AutoZone to adopt any such amendments, policies or procedures or to take any other
such actions or to indemnify the Employee for any failure to do so.

(b) This Agreement shall be administered and interpreted
to maximize the short-term deferral exception to Section 409A of the Code, and Employee shall not, directly or
indirectly, designate the taxable year of a payment made under this Agreement. The portion of any payment under this
Agreement that is paid within the “short-term deferral period” within the meaning of Treasury
Regulation Section 1.409A-1(b)(4) shall be treated as a short term deferral and not aggregated with other
plans or payments. Any other portion of the payment that does not meet the short term deferral requirement shall, to
the maximum extent possible, be deemed to satisfy the exception from Treasury
Regulation Section 1.409A-1(b)(9)(iii)(A) for involuntary separation pay and shall not be aggregated with any
other payment. Any right to a series of installment payments pursuant to this Agreement is to be treated as a right to
a series of separate payments. Any amount that is paid as a short-term deferral within the meaning of Treasury
Regulation Section 1.409A-1(b)(4), or within the involuntary separation pay limit under Treasury
Regulation Section 1.409A-1(b)(9)(iii)(A) shall be treated as a separate payment. Payment dates provided for
in this Agreement shall be deemed to incorporate “grace periods” within the meaning of Section 409A of
the Code.

(c) Notwithstanding anything to the contrary in this
Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under
Paragraph 8 hereof, shall be paid to Employee during the 6-month period following Employee’s Separation from
Service if AutoZone determines that paying such amounts at the time or times indicated in this Agreement would be a
prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a
result of the previous sentence, then on the first business day following the end of such 6-month period (or such
earlier date upon which such amount can be paid under Section 409A of the Code without resulting in a prohibited
distribution, including as a result of Employee’s death), AutoZone shall pay Employee a lump-sum amount equal to
the cumulative amount that would have otherwise been payable to Employee during such period.

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This Paragraph 16(c) shall not apply to that portion of any
amounts payable upon a Separation from Service which shall qualify as “involuntary severance” under
Section 409A because such amount does not exceed the lesser of (1) two hundred percent (200%) of the
Executive’s annualized compensation from the Company for the calendar year immediately preceding the calendar
year during which the Separation from Service occurs, or (2) two hundred percent (200%) of the annual limitation
amount under Section 401(a)(17) of the Code for the calendar year during which the Separation from Service occurs.

17. Waiver. Any waiver of any breach of this Agreement by AutoZone
shall not operate or be construed as a waiver of any subsequent breach by Employee. No waiver shall be valid unless in
writing and signed by an authorized officer of AutoZone.

18. Assignment. Employee acknowledges that his services are unique
and personal. Accordingly, Employee shall not assign his rights or delegate his duties or obligations under this
Agreement. Employee’s rights and obligations under this Agreement shall inure to the benefit of and be binding
upon AutoZone successors and assigns. AutoZone may assign this Agreement to any wholly-owned subsidiary operating for
the use and benefit of AutoZone.

19. Entire Agreement. This Agreement contains the entire
understanding of the parties related to the matters discussed herein. It may not be changed orally but only by an
agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or
discharge is sought.

20. Jurisdiction. This Agreement shall be governed and construed by
the laws of the State of Tennessee, without regard to its choice of law rules. The parties agree that the only proper
venue for any dispute under this Agreement shall be in the state or federal courts located in Shelby County, Tennessee.

21. Survival. Paragraphs 8, 12, 13, 14 and 20 of this Agreement
shall survive any termination of this Agreement or Employee’s employment with AutoZone (including, without
limitation termination pursuant to Paragraphs 8, 9, or 10).

IN WITNESS WHEREOF, the respective parties execute this Agreement.

AUTOZONE, INC.

Employee

By: /s/ William C. Rhodes, III

/s/ Robert D. Olsen

Title: Chairman, President & CEO

Date: Dec. 29, 2008

Date: 12/29/08 

By: /s/ Timothy W. Briggs

Title: Senior VP, HR

19Filed by Bowne Pure Compliance

Exhibit 10.1

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”), executed on December
29, 2008 and effective for all purposes as of May 22, 2008, is entered into by and between
CONSOLIDATED GRAPHICS, INC., a Texas corporation having its principal place of business in Houston,
Harris County, Texas (“CGX”), and JOE R. DAVIS (the “Executive”); other capitalized terms used in
this Agreement are defined and shall have the meanings set forth in Section 18 or elsewhere herein.

W I T N E S S E T H:

WHEREAS, Executive is employed as Chief Executive Officer of CGX;

WHEREAS, Executive and CGX are parties to that certain Employment Agreement, dated effective
May 22, 2008 (the “Prior Employment Agreement”), which was entered into to ensure Executive’s
continued employment with CGX and its subsidiaries;

WHEREAS, in connection with his employment, Executive has been and will continue to be
provided by CGX with specialized training and access to confidential information;

WHEREAS, it is the desire of the Board of Directors of CGX (the “Board”) and Executive to
amend and restate the Prior Employment Agreement solely to incorporate terms deemed necessary by
the parties to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the
regulations issued thereunder, and to make certain additional clarifications; and

WHEREAS, Executive is willing to enter into this Agreement with CGX on the terms herein
provided.

NOW, THEREFORE, in consideration of the premises, representations and mutual covenants
hereinafter set forth, the parties hereby covenant and agree as follows:

1. Employment.  CGX hereby continues the employment of Executive, and Executive hereby accepts
such continued employment with CGX, on the terms and conditions set forth in this Agreement.

2. Employment Period.  The term of Executive’s employment pursuant to the terms of this
Agreement shall commence upon the Effective Date and shall continue until the fifth anniversary of
the Effective Date (the original five-year term, and any automatic extension thereof, hereby
referred to as the “Employment Period”). On the fifth, sixth, seventh, eighth and ninth
anniversaries of the Effective Date, the Employment Period shall be automatically extended for one
(1) additional year unless CGX provides, at least ninety (90) days in advance of the anniversary of
the Effective Date, written notice to Executive that the Employment Period will not be so extended.
Notwithstanding the above, the Employment Period will expire upon the tenth anniversary of the
Effective Date or upon Executive’s termination in accordance with Section 15 or Section 16 below.

 

 

 

3. Duties.  Executive shall (i) serve under the direction of the Board as Chief Executive
Officer of CGX, (ii) have all the rights, powers and duties associated with his positions and
(iii) faithfully, to the best of Executive’s ability, perform the duties and other reasonably
related services assigned to Executive by the Board from time to time (the “Duties”). Executive
shall be subject to, and shall comply with, CGX insider trading policies (a copy of which has been
delivered to Executive) and the other policies of CGX in effect from time to time (collectively,
the “CGX Policies”); provided, however, that to the extent such CGX Policies may contradict the
express provisions of this Agreement, the provisions of this Agreement shall govern.  Executive
shall devote his full business time, efforts and attention to the business of CGX during the
Employment Period consistent with past practice and, without the prior written consent of the
Board, Executive shall not during the Employment Period render any services of a business,
commercial or professional nature to any person or organization other than CGX and the Affiliates
or be engaged in any other business activity, other than those activities described in Section 12
below.

4. Compensation.  During the Employment Period, Executive shall be compensated for Executive’s
services as follows:

(a) Executive shall be paid a base salary not less than the rate of base salary paid to
Executive immediately prior to the Effective Date. The base salary shall be subject to any
and all customary payroll deductions, including deductions for the Federal Insurance
Contributions Act and other federal, state and local taxes, and shall be reviewed by the
Board at least once per annum.

(b) Except to the extent such policies may contradict the express provisions of this
Agreement, in which case the provisions of this Agreement shall govern, Executive shall be
eligible to receive (i) fringe benefits on the same basis as other management employees of
CGX pursuant to CGX Policies in effect from time to time, including holiday time, and
(ii) such vacation time as Executive may determine in his discretion; provided, however,
that such vacation time shall not unreasonably interfere with the execution by Executive of
his Duties hereunder and Executive shall neither accumulate vacation time nor be entitled to
carryover into subsequent periods or be paid any compensation in addition to his stated
salary for any vacation time planned but not taken, regardless of the reason therefor; and
provided, further, that the Board in its sole discretion shall have the right at any time to
implement vacation guidelines applicable to the Executive not less than generally applicable
CGX policy then in effect.

(c) Executive shall be eligible to participate, to the extent that Executive meets all
eligibility requirements of general application, in and receive the Employee Benefits
provided by CGX in which employees and senior executives of CGX generally are eligible to
participate.

5. Bonus.  In addition to the other compensation set forth herein, Executive shall be eligible
to participate in the CGX Annual Incentive Compensation Plan at a target bonus award level of 100%
of Executive’s base salary. If Executive is employed on the last day of a fiscal year, the bonus
for such fiscal year, if any, shall be deemed earned as of such date and payable
whether or not employment continues beyond such date.  The bonus, if any, shall be paid on
June 15 following the fiscal year in which such bonus was earned.

 

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6. Equity Awards.  In addition to the other compensation set forth herein, Executive shall
receive:

(a) Effective on April 1, 2009 and April 1, 2010, restricted stock grant units (“RS
Units”) covering that number of shares of CGX common stock being the greater of (i) 12,500
shares or (ii) the number of shares obtained by dividing a number as determined by the
Compensation Committee, but not less than $500,000, by the closing price per share of CGX
common stock as reported on the New York Stock Exchange (or if not reported on the New York
Stock Exchange, such other national exchange or quotation system on which CGX common stock
is then quoted) on the last trading day immediately preceding such effective date. Such RS
Units shall (i) vest on the annual anniversary of the date of grant in equal increments from
the date of grant over a period of no greater than five years and no less than three years
and (ii) shall otherwise be granted in accordance with and subject to the terms set forth on
the form of CGX Restricted Stock Grant Unit approved by the Compensation Committee pursuant
to the Consolidated Graphics, Inc. Amended and Restated Long-Term Incentive Plan, as the
same may be amended from time to time (the “LTIP”).

(b) Options to purchase 450,000 shares of CGX common stock (the “Options”), such
options having been granted in May 2008 pursuant to the Prior Employment Agreement. Such
Options (x) vest in 20% annual increments beginning on the first anniversary of the date of
grant and continuing thereafter, (y) expire on the earlier of (1) the 180th day following
termination of employment or (2) the tenth anniversary of the date of grant, and (z) were
granted in accordance with and subject to the terms of the form of CGX Stock Option
Agreement approved by the Compensation Committee pursuant to the LTIP. Notwithstanding any
provision of this Agreement to the contrary, the Options and any other outstanding stock
options held by Executive shall be fully vested and exercisable upon a Trigger Date.

7. Executive Expenses.  During the Employment Period, Executive shall be entitled to be
reimbursed for reasonable normal business expenses directly incurred in the performance of the
Duties hereunder and in accordance with CGX Policies in effect from time to time. Such
reimbursements shall be paid no later than the end of the calendar year following the calendar year
in which the expenses were incurred.

8. No Competing Business.  In consideration for the benefits and Confidential Information
received by Executive pursuant to this Agreement, during the Noncompetition Period, Executive shall
not, except as permitted by Section 12 of this Agreement, directly or indirectly own, manage,
operate, control, invest or acquire an interest in, or otherwise engage or participate (whether as
a proprietor, partner, employee, shareholder, member, director, officer, executive, joint venturer,
investor, consultant, agent, sales representative, broker or other participant) in any Competitive
Business operating in or soliciting business from CGX’s Market, without regard to (a) whether the
Competitive Business has its office or other business facilities within CGX’s Market, (b) whether
any of the activities of Executive referred to above occur or
are performed within CGX’s Market or (c) whether Executive resides, or reports to an office,
within CGX’s Market.

 

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9. No Interference with the Business.  In consideration for the benefits received by Executive
pursuant to this Agreement, during the Noncompetition Period, Executive shall not:

(a) directly or indirectly solicit, induce or intentionally influence any third party
sales representative, agent, supplier, lender, lessor or any other person which has a
business relationship with CGX and/or any Affiliate or which had on the date of this
Agreement a business relationship with CGX and/or any Affiliate to discontinue, reduce the
extent of, discourage the development of or otherwise harm such relationship with CGX and/or
any Affiliate;

(b) directly or indirectly attempt to induce any known customer to terminate any
contract or otherwise divert from CGX and/or any Affiliate any trade or business being
conducted by any such customer with CGX and/or any Affiliate or directly or indirectly
attempt to solicit, induce or intentionally influence any prospective or past customer of
CGX and/or any Affiliate to discontinue, reduce the extent of, or not conduct business with
CGX and/or any Affiliate;

(c) directly or indirectly recruit, solicit, induce or influence any executive,
employee or sales agent of CGX and/or any Affiliate to discontinue such sales, employment or
agency relationship with CGX and/or any such Affiliate;

(d) employ, seek to employ or cause any other person or entity to employ or seek to
employ as a sales representative or Executive any person who is then (or was at any time
since the Effective Date) employed by CGX and/or any of the Affiliates; or

(e) directly or indirectly denigrate or in any manner undertake to discredit CGX, any
Affiliate or any successor thereof or any person, operation or entity associated with CGX or
any Affiliate.

10. No Disclosure of Confidential Information.  Executive shall not directly or indirectly
knowingly disclose to anyone or use or otherwise exploit for Executive’s own benefit or for the
benefit of anyone other than CGX and/or any of the Affiliates any Confidential Information.

11. Consideration for Restrictions.  Executive acknowledges that the restrictions imposed
under Sections 3, 8, 9 and 10 are supported by the consideration to be received by Executive
pursuant to the terms of this Agreement.

12. Permitted Activities.  The restrictions set forth in Sections 3, 8 and 9 of this Agreement
shall not apply to Permitted Activities (as defined in Section 18 below).

13. Reduction of Restrictions by Court Action.  If the length of time, type of activity,
geographic area or other restrictions set forth in the restrictions of Sections 3, 8, 9 or 10 are
deemed unreasonable in any court proceeding, the parties hereto agree that the court may reduce
such restrictions to ones it deems reasonable to protect the substantial investment of CGX and
the Affiliates in their businesses and the goodwill attached thereto.

 

4

 

14. Remedies.  Executive understands that CGX and the Affiliates will not have an adequate
remedy at law for the breach or threatened breach by Executive of any one or more of the covenants
set forth in this Agreement and agrees that in the event of any such breach or threatened breach,
CGX or any Affiliate may, in addition to the other remedies which may be available to it, file a
suit in equity to enjoin Executive from the breach or threatened breach of such covenants.  In the
event either party commences legal action to enforce its or his rights under this Agreement, the
prevailing party in such action shall be entitled to recover all of the costs and expenses in
connection therewith, including reasonable attorney’s fees.

15. Termination Without Change in Control.

(a) The “Termination Date” shall mean the date in which the first of the following
occur:

	 	(i)	 	the tenth anniversary of the Effective Date;

	 
	 	(ii)	 	Executive’s death;

	 
	 	(iii)	 	the Disability (as defined below) of Executive;

	 
	 	(iv)	 	termination by CGX of Executive for Cause (as defined below);

	 
	 	(v)	 	termination by CGX of Executive without Cause;

	 
	 	(vi)	 	the resignation of Executive for any reason
other than Good Reason (as defined below), which shall take effect
immediately upon CGX’s receipt of such resignation, or

	 
	 	(vii)	 	the resignation of Executive for Good Reason,
which shall take effect immediately upon CGX’s receipt of such
resignation;

(each of clauses (i), (ii), (iii), (iv), (v), (vi), and (vii) are referred to herein as a
“Termination”). Notwithstanding anything in this Section 15(a) to the contrary, in the case
of any payment or benefit provided pursuant to clause (iii), (v) or (vii) that is subject to
Section 409A of the Code, “Termination” shall mean Executive’s “separation from service”
with CGX within the meaning of Section 409A(2)(A)(i) of the Code and the corresponding
“Termination Date” shall be the date Executive incurs such separation from service.

 

5

 

(b) If a Termination occurs pursuant to clause (ii), (iii), (v) or (vii) of Section
15(a) and is not during the Post-Change in Control Period (as defined below), then CGX shall
(i) deliver or provide to Executive or Executive’s estate (1) within five days following the
Termination Date (subject to compliance with Section 31 hereof), in a lump-sum payment, an
amount equal to four times Executive’s annual base salary as in effect immediately prior to
the Termination, (2) an amount equal to the Executive’s
bonus earned under the Annual Incentive Compensation Plan for the fiscal year in which
the Termination occurs based on attainment of the applicable performance goals for such
bonus, pro-rated for the number of days Executive was employed during such fiscal year,
payable on the date that is two and one-half months after the end of such fiscal year, and
(3) if Executive so elects, COBRA benefits, provided, however, that Executive shall be
responsible for the costs thereof, and (ii) take such action as may be required to
(1) accelerate vesting of any then unvested Equity Awards and (2) remove all sale
restrictions imposed on Equity Awards held by the Executive, whether such Equity Awards have
been exercised before such Termination Date or are subsequently exercised.

(c) If a Termination occurs pursuant to clause (iv) or (vi), then CGX shall deliver to
Executive (i) Executive’s base salary through the Termination Date to the extent not already
paid and (ii) any other amounts earned, accrued or owing as of such Termination Date, but
not yet paid by CGX to Executive.  Any Equity Awards held by Executive which are not vested
as of the Termination Date shall expire or be forfeited or cancelled as of the Termination
Date. In addition, all sale restrictions imposed on Equity Awards held by the Executive
shall not be accelerated but shall be removed in accordance with the terms and schedule
applicable to such Equity Awards.

(d) Termination of employment under this Section 15 shall not relieve Executive of his
obligations under Sections 8 and 9 hereof, notwithstanding the termination of Executive’s
compensation or the termination of the other terms and conditions of this Agreement.  In
addition, termination of employment under this Section 15 shall not relieve Executive of his
obligations under Section 10 hereof, which are intended to continue indefinitely,
notwithstanding the termination of Executive’s compensation or the termination of the other
terms and conditions of this Agreement.  Executive’s violation of any of his obligations
under Sections 8, 9 or 10 hereof shall relieve CGX of its obligation to pay any of the
amounts or provide any of the benefits as contemplated in this Agreement, including those
set forth in this Section 15, except as otherwise required by law.

16. Termination After Change in Control.

(a) During the period commencing on the date on which a Change in Control occurs and,
subject only to the provisions of this Section 16, continuing until the expiration of the
third anniversary of the date of the occurrence of the Change in Control (the “Post-Change
in Control Period”), Executive shall receive the same compensation and benefits provided in
Sections 4, 5 and 6 at the levels and at rates not less than that of the Executive with
respect to any calendar year during the three (3) calendar years immediately preceding the
year in which the Change in Control occurred, or at such higher levels and/or rates as may
be determined from time to time by the Board. If and to the extent Employee Benefits are
not payable or provided to Executive under any such policy, plan, program or arrangement as
a result of the amendment or termination thereof subsequent to a Change in Control, then CGX
shall itself pay or provide such Employee Benefits. Nothing in this Agreement shall
preclude improvement or enhancement of any such Employee Benefits, provided that no such
improvement shall in any way diminish any other obligation of CGX under this Agreement.

 

6

 

(b) If a Termination occurs pursuant to clause (ii), (iii), (v) or (vii) of Section
15(a) and is during the Post-Change in Control Period, then CGX shall:

	 	(i)	 	deliver or provide to Executive or Executive’s
estate, within five days following the Termination Date (subject to
compliance with Section 31 hereof), in a lump-sum payment, (A) an
amount equal to the aggregate base salary (at the rate as in effect
immediately prior to the Termination or, if greater, at the rate not
less than that of the Executive with respect to any calendar year
during the three calendar years immediately preceding the year in which
the Change in Control occurred) Executive would have received from the
Termination Date through the date specified in Section 15(a)(i), but
not less than six times Executive’s annual base salary as in effect
immediately prior to the Termination or the Change in Control,
whichever is greater, and (B) an amount equal to the target bonus award
for Executive under the Annual Incentive Compensation Plan for the
fiscal year in which the Termination occurs pro-rated for the number of
days Executive was employed during such fiscal year;

	 
	 	(ii)	 	(A) for the remainder of the Post-Change in
Control Period CGX shall arrange to provide the Executive with Employee
Benefits identical to those which the Executive was receiving or
entitled to receive immediately prior to the Termination Date (and if
and to the extent that such benefits shall not or cannot be paid or
provided under any policy, plan, program or arrangement of CGX solely
due to the fact that the Executive is no longer an officer or employee
of CGX, then CGX shall itself pay to the Executive and/or the
Executive’s dependents and beneficiaries, such Employee Benefits) and
(B) without limiting the generality of the foregoing, the remainder of
the Post-Change in Control Period shall be considered service with CGX
for the purpose of service credits under CGX’s retirement income,
supplemental executive retirement and other benefit plans applicable to
the Executive and/or the Executive’s dependents and beneficiaries
immediately prior to the Termination Date. Without otherwise limiting
the purposes or effect of Section 22 hereof, Employee Benefits payable
to the Executive pursuant to this Subsection 16(c)(ii) by reason of any
“welfare benefit plan” of CGX (as the term “welfare benefit plan” is
defined in Section 3(1) of the Employee Retirement Income Security Act
of 1974, as amended) shall be reduced to the extent comparable welfare
benefits are actually received by the Executive from another employer
during such period following the Executive’s Termination Date until the
expiration of the Post-Change in Control Period.

 

7

 

	 	(iii)	 	In addition to all other compensation due to
the Executive hereunder, the following shall occur immediately prior to
the occurrence of a Change in Control that satisfies the requirements
of Section 409A(a)(2)(A)(v) of the Code (1) all Equity Awards held by
the Executive prior to a Change in Control that are options shall
become exercisable, regardless of whether or not the
vesting/performance conditions set forth in the relevant agreements
shall have been satisfied in full; (2) all unvested Equity Awards held
by Executive shall be immediately vested and eligible to be converted
immediately into shares of CGX’s common stock otherwise pursuant to the
terms thereof and all restrictions on the sale by the Executive of any
 shares of CGX’s common stock, including those pursuant to the exercise
of any Equity Award imposing such restrictions, shall be removed and
the securities shall become freely transferable; (3) all restrictions
on any Equity Awards granted by CGX to the Executive prior to a Change
in Control that are restricted securities shall be removed and the
securities shall become fully vested and freely transferable,
regardless of whether the vesting/performance conditions set forth in
the relevant agreements shall have been satisfied in full; (4) the
Executive shall have an immediate right to receive all performance
 shares, if any, granted prior to a Change in Control, and such
performance shares, if any, shall become fully vested and freely
transferable or payable without restrictions, regardless of whether or
not specific performance goals set forth in the relevant agreements
shall have been attained; and (5) all performance units, if any,
granted to the Executive prior to a Change in Control shall become
immediately payable in cash or Common Stock, at the Executive’s sole
option, regardless of whether or not the relevant performance cycle has
been completed, and regardless of whether any other terms and
conditions of the relevant agreements shall have been satisfied in
full; provided, that if the terms of any plan or agreement providing
for such Equity Awards do not allow such acceleration or payment as
described above, CGX shall take or cause to be taken any action
required to allow such acceleration or payment or to separately pay the
value of such benefits.

(c) Termination of employment under this Section 16 shall not relieve Executive of his
obligations under Sections 8 and 9 hereof, notwithstanding the termination of Executive’s
compensation or the termination of the other terms and conditions of this Agreement.  In
addition, termination of employment under this Section 16 shall not relieve Executive of his
obligations under Section 10 hereof, which are intended to continue indefinitely,
notwithstanding the termination of Executive’s compensation or the termination of the other
terms and conditions of this Agreement.  Executive’s violation of any of his obligations
under Sections 8, 9 or 10 hereof shall relieve CGX of its obligation to pay any of the
amounts or provide any of the benefits as
contemplated in this Agreement, including those set forth in this Section 16, except as
otherwise required by law.

 

8

 

17. Gross-Up.

(a) Anything in this Agreement to the contrary notwithstanding, in the event a public
accounting firm selected by Executive (the “Accounting Firm”) shall determine that any
payment, benefit, or distribution by CGX to Executive (whether paid or payable or
distributed or distributable pursuant to the terms of Section 15 or Section 16 of this
Agreement or otherwise, but determined without regard to any additional payments required
under this Section 17) (each a “Payment”) is subject to the excise tax imposed by
Section 4999 of the Code, or any interest or penalties are incurred by Executive with
respect to such excise tax (such excise tax, together with any such interest and penalties,
are hereinafter collectively referred to as the “Excise Tax”), then CGX shall pay to
Executive an additional payment (a “Gross-Up Payment”) in an amount such that after payment
by Executive of all taxes (including any interest or penalties imposed with respect to such
taxes), including, without limitation, any income taxes (and any interest and penalties
imposed with respect thereto), and the Excise Tax imposed upon the Gross-Up Payment,
Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the
Payments. The Gross-Up Payment to Executive shall be made no earlier than the date of the
Payment to which such Gross-Up Payment relates and no later than December 31st of the year
following the year during which Executive remits the related taxes.

(b) Subject to the provisions of Section 17(c) below, all determinations required to be
made under this Section 17, including whether and when a Gross-Up Payment is required and
the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such
determination, shall be made by the Accounting Firm which shall provide detailed supporting
calculations both to CGX and Executive as soon as possible following a request made by
Executive or CGX.  All fees and expenses of the Accounting Firm shall be borne solely by
CGX.  Any Gross-Up Payment, as determined pursuant to this Section 17, shall be paid by CGX
to Executive within five (5) days of the receipt of the Accounting Firm’s determination but
no later than December 31st of the year following the year during which Executive remits the
taxes related to the Payment.  If the Accounting Firm determines that no Excise Tax is
payable by Executive, it shall furnish Executive with a written opinion that failure to
report the Excise Tax on Executive’s applicable federal income tax return would not result
in the imposition of a negligence or similar penalty.  Any determination by the Accounting
Firm shall be binding upon CGX and Executive.  As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination by the
Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been
made by CGX should have been made (“Underpayment”), consistent with the calculations
required to be made hereunder.  If CGX exhausts its remedies pursuant to Section 17(c) below
and Executive thereafter is required to make a payment of any Excise Tax, the Accounting
Firm shall determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by CGX to or for the benefit of Executive no later
than December 31st of the year following the year during which Executive remitted the
related taxes.

 

9

 

(c) Executive shall notify CGX in writing of any claim by the Internal Revenue Service
that, if successful, would require the payment by CGX of the Gross-Up Payment.  Such
notification shall be given as soon as practicable but no later than ten (10) business days
after Executive is informed in writing of such claim and shall set forth in reasonable
detail the nature of such claim and the date on which such claim is requested to be paid. 
Executive shall not pay such claim prior to the expiration of the ten-day period following
the date on which Executive gives such notice to CGX (or such shorter period ending on the
date that any payment of taxes with respect to such claim is due).  If CGX notifies
Executive in writing prior to the expiration of such period that it desires to contest such
claim, Executive shall:

	 	(i)	 	give CGX any information reasonably requested
by CGX relating to such claim,

	 
	 	(ii)	 	take such action in connection with contesting
such claim as CGX shall reasonably request in writing from time to
time, including, without limitation, accepting legal representation
with respect to such claim by an attorney reasonably selected by CGX,

	 
	 	(iii)	 	cooperate with CGX in good faith to
effectively contest such claim, and

	 
	 	(iv)	 	permit CGX to participate in any proceedings
relating to such claim;

 provided, however, that CGX shall bear and pay directly all costs and expenses
(including additional interest and penalties) incurred in connection with such contest and
shall indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax or
income tax (including interest and penalties with respect thereto) imposed as a result of
such representation and payment of costs and expenses.  Without limitation on the foregoing
provisions of this Section 17(c), CGX shall control all proceedings taken in connection with
such contest and, at its sole option, may pursue or forgo any and all administrative
appeals, proceedings, hearings and conferences with the taxing authority in respect of such
claim and may, at its sole option, either direct Executive to pay the tax claimed and sue
for a refund or contest the claim in any permissible manner, and Executive agrees to
prosecute such contest to a determination before any administrative tribunal, in a court of
initial jurisdiction and in one or more appellate courts, as CGX shall determine; provided
further, that if CGX directs Executive to pay such claim and sue for a refund, CGX shall
advance the amount of such payment to Executive on an interest-free basis and shall
indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax or income
tax (including interest or penalties with respect thereto) imposed with respect to such
advance or with respect to any imputed income with respect to such advance; and provided
further, that any extension of the statute of limitations relating to payment of taxes for
the taxable year of Executive with respect to which such
contested amount is claimed to be due is limited solely to such contested amount. 
Furthermore, CGX’s control of the contest shall be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue Service or any
other taxing authority.

 

10

 

(d) If, after the receipt by Executive of an amount advanced by CGX pursuant to this
Section 17, Executive becomes entitled to receive, and receives, any refund with respect to
such claim, Executive shall (subject to CGX’s complying with the requirements of this
Section 17) promptly pay to CGX the amount of such refund (together with any interest paid
or credited thereon after taxes applicable thereto).  If, after the receipt by Executive of
any amount advanced by CGX pursuant to Section 17, a determination is made that Executive
shall not be entitled to any refund with respect to such claim and CGX does not notify
Executive in writing of its intent to contest such denial of refund prior to the expiration
of thirty (30) days after such determination, then such advance shall be forgiven and shall
not be required to be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid.

18. Definitions.  As used in this Agreement, terms defined in the preamble and recitals of or
elsewhere in this Agreement shall have the meanings set forth therein and the following terms shall
have the meanings set forth below:

(a) Affiliate or Affiliates shall mean and refer to any direct or indirect subsidiaries
of CGX, or any other entity or entities through which CGX or any subsidiary of CGX may
conduct CGX’s Line of Business.

(b) Cause shall mean (i) an intentional act of material fraud, embezzlement or theft in
connection with the Executive’s Duties or in the course of the Executive’s employment with
CGX; (ii) intentional, wrongful damage to material property of CGX; (iii) intentional,
wrongful disclosure of material secret processes or Confidential Information; or (iv)
intentional wrongful engagement in any activity prohibited by Section 8 hereof; and any such
act shall have been materially harmful to CGX. For purposes of this Agreement, no act, or
failure to act, on the part of the Executive shall be deemed “intentional” if it was due
primarily to an error in judgment or negligence, but shall be deemed “intentional” only if
done, or omitted to be done, by the Executive not in good faith and without reasonable
belief that the Executive’s action or omission was in the best interest of CGX.
Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for
“Cause” hereunder unless and until there shall have been delivered to the Executive a copy
of a resolution duly adopted by the affirmative vote of not less than three-quarters of the
Board then in office at a meeting of the Board called and held for such purpose (after
reasonable notice to the Executive and an opportunity for the Executive, together with the
Executive’s counsel, to be heard before the Board), finding that, in the good faith opinion
of the Board, the Executive has committed an act set forth above in this Subsection 18(b)
and specifying the particulars thereof in detail. Nothing herein shall limit the right of
the Executive or the Executive’s beneficiaries to contest the validity or propriety of any
such determination.

 

11

 

(c) For purposes of this Agreement, a Change in Control will be deemed to have occurred
on the date any of the following events shall occur:

	 	(i)	 	CGX is merged, consolidated, converted or
reorganized into or with another corporation or other legal entity, and
as a result of such merger, consolidation, conversion or reorganization
less than a majority of the combined voting power of the then
outstanding securities of CGX or such corporation or other legal entity
immediately after such transaction are held in the aggregate by the
holders of Voting Stock (as hereinafter defined) of CGX immediately
prior to such transaction and/or such voting power is not held by
substantially all of such holders in substantially the same proportions
relative to each other;

	 
	 	(ii)	 	CGX sells (directly or indirectly) all or
substantially all of its assets (including, without limitation, by
means of the sale of the capital stock or assets of one or more direct
or indirect subsidiaries of CGX) to any other corporation or other
legal entity, of which less than a majority of the combined voting
power of the then outstanding voting securities (entitled to vote
generally in the election of directors or persons performing similar
functions on behalf of such other corporation or legal entity) of such
other corporation or legal entity is held in the aggregate by the
holders of Voting Stock of CGX immediately prior to such sale and/or
such voting power is not held by substantially all of such holders in
substantially the same proportions relative to each other;

	 
	 	(iii)	 	Any person (as the term “person” is used in
Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) becomes (subsequent to the
Effective Date) the beneficial owner (as the term “beneficial owner” is
defined under Rule 13d-3 or any successor rule or regulation
promulgated under the Exchange Act) of securities representing twenty
percent (20%) or more of the combined voting power of the
then-outstanding securities entitled to vote generally in the election
of directors of CGX (“Voting Stock”);

	 
	 	(iv)	 	CGX files a report or proxy statement with the
Securities and Exchange Commission pursuant to the Exchange Act
disclosing in response to Form 8-K, Schedule 14A or Schedule 14C (or
any successor schedule, form or report or item therein) that a change
in control of CGX has occurred;

 

12

 

	 	(v)	 	If during any one (1)-year period, individuals
who at the beginning of any such period constitute the directors of CGX
cease for any reason to constitute at least a majority thereof, unless
the election, or the nomination for election by CGX’s shareholders, of
each
director of CGX first elected during such period was approved by a
vote of at least two-thirds of (A) the directors of CGX then still in
office who were directors of CGX at the beginning of any such period
or (B) directors referenced in clause (A) immediately preceding plus
directors of CGX whose nomination and/or election was approved by the
directors referenced in clause (A) immediately preceding; or

	 
	 	(vi)	 	The shareholders of CGX approve a plan
contemplating the liquidation or dissolution of CGX.

Notwithstanding the foregoing provisions of Subsection 18(c)(iii) or 18(c)(iv) hereof, a
“Change in Control” shall not be deemed to have occurred for purposes of this Agreement
solely because (A) CGX, (B) a corporation or other legal entity in which CGX directly or
indirectly beneficially owns 100% of the voting securities of such entity, or (C) any
employee stock ownership plan or any other employee benefit plan of CGX or any wholly-owned
subsidiary of CGX, either files or becomes obligated to file a report or a proxy statement
under or in response to Schedule 13D, Schedule 14D-1, Form 8-K, Schedule 14A or Schedule 14C
(or any successor schedule, form or report or item therein) under the Exchange Act,
disclosing beneficial ownership by it of shares of Voting Stock, or because CGX reports that
a change in control of CGX has occurred by reason of such beneficial ownership.

(d) Change in Control Agreement shall mean that certain Employment and Change in
Control Agreement dated July 25, 2000, as amended on February 13, 2006, between CGX and
Executive.

(e) CGX’s Line of Business shall mean general commercial printing services, including
digital imaging, offset lithography, composition, electronic prepress, binding and finishing
services, fulfillment of printed materials and includes any products or services
manufactured, developed or distributed, including electronic products and services, at any
time by CGX and/or the Affiliates before or after the Effective Date.

(f) CGX’s Market shall mean the United States.

(g) Code shall mean the Internal Revenue Code of 1986, as amended.

(h) Competitive Business shall mean any person or entity engaged in a business that
produces any of the products or performs any of the services comprising CGX’s Line of
Business.

(i) Confidential Information shall mean trade secrets, customer and supplier lists,
marketing arrangements, business plans, projections, financial information, training
manuals, pricing manuals, product and service development plans, market strategies, internal
performance statistics and other competitively sensitive information belonging to and
concerning CGX and/or any of the Affiliates and not generally known by or available to the
public, whether or not in written or tangible form, as the same may exist at any time during
the Employment Period.

 

13

 

(j) Disability shall mean any illness, disability or incapacity of such a character as
to render Executive unable to perform his duties (which determination shall be made by the
Board) for a total period of one hundred eighty (180) days, whether or not such days are
consecutive, during any consecutive twelve (12) month period.

(k) Effective Date shall mean May 22, 2008.

(l) Employee Benefits shall mean perquisites, benefits and service credit for benefits
as provided under any and all employee retirement income and welfare benefit policies,
plans, programs or arrangements, including without limitation any stock option, stock
purchase, stock appreciation, savings, pension, supplemental executive retirement or other
retirement income or welfare benefit, deferred compensation, incentive compensation, group
and/or executive life, accident, health, dental, medical/hospital or other insurance
(whether funded by actual insurance or self-insured by CGX), disability, salary
continuation, expense reimbursement and other employee benefit policies, plans, programs or
arrangements.

(m) Employment Period shall mean that period of time set forth in Section 2 of this
Agreement.

(n) Equity Awards shall mean any award of stock options, stock appreciation rights or
stock award relating to CGX common stock that are granted by CGX pursuant to a long-term
incentive plan, including, but not limited to, the RS Units and the Options.

(o) Good Reason shall mean

	 	(i)	 	Except as provided in clause (ii) below,
(A) the material breach of this Agreement by CGX, other than any
failure not occurring in bad faith that is remedied by CGX promptly
after receipt of notice thereof from Executive, (B) failure to reelect
the Executive as a director of CGX (or any successor to parent entity
thereof) or the removal of the Executive as a director of CGX (or any
successor thereto); (C) an adverse change in the nature or scope of the
Executive’s authorities, powers, functions, responsibilities or Duties;
a reduction in the Executive’s base salary pursuant to Section 4 and/or
bonus pursuant to Section 5 received from CGX; or the termination of
the Executive’s rights to any Employee Benefits or a reduction in scope
or value thereof without the prior written consent of the Executive,
any of which is not remedied within ten (10) calendar days after
receipt by CGX of written notice from the Executive of such change,
reduction or termination, as the case may be; (D) a determination by
the Executive that as a result of a change in circumstances
significantly affecting the Executive’s position(s), including without
limitation, a change in the scope of the business or other activities
for which the Executive was responsible, the Executive has been

 

14

 

	 	 	 	rendered substantially
unable to carry out, has been substantially hindered in the performance of, or has suffered a
substantial reduction in any of the Executive’s authorities, powers,
functions, responsibilities or Duties, which situation is not
remedied within ten (10) calendar days after written notice to CGX
from the Executive of such determination; (E) the liquidation,
dissolution, merger, consolidation or reorganization of CGX or
transfer of all or a significant portion of its business and/or
assets (including, without limitation, by means of the sale of the
capital stock or assets of one or more direct or indirect
subsidiaries of CGX), unless the successor (by liquidation, merger,
consolidation, reorganization or otherwise) to which all or a
significant portion of its business and/or assets have been
transferred (directly or by operation of law) shall have assumed all
duties and obligations of CGX under this Agreement pursuant to
Section 21 hereof (in which case, such entity shall be deemed to be
“CGX” hereunder); (F) CGX shall require (1) that the principal place
of work of the Executive be changed to any location which is in
excess of forty (40) miles from the previous location thereof or (2)
that the Executive travel away from the Executive’s office in the
course of discharging the Executive’s responsibilities or Duties
hereunder more (in terms of either consecutive days or aggregate days
in any calendar year) than was previously required of the Executive,
without, in either case, the Executive’s prior consent.

	 
	 	(ii)	 	During a Post-Change in Control, (A) the
material breach of this Agreement by CGX, other than any failure not
occurring in bad faith that is remedied by CGX promptly after receipt
of notice thereof from Executive, (B) failure to elect or reelect the
Executive to the office(s) which the Executive held immediately prior
to a Change in Control, or failure to elect or reelect the Executive as
a director of CGX (or any successor to parent entity thereof) or the
removal of the Executive as a director of CGX (or any successor
thereto), if the Executive shall have been a director of CGX
immediately prior to the Change in Control; (C) an adverse change in
the nature or scope of the authorities, powers, functions,
responsibilities or duties attached to the position(s) which the
Executive held immediately prior to the Change in Control; a reduction
in the Executive’s base pay and/or incentive pay received from CGX; or
the termination of the Executive’s rights to any Employee Benefits to
which the Executive was entitled immediately prior to the Change in
Control or a reduction in scope or value thereof without the prior
written consent of the Executive, any of which is not remedied within
ten (10) calendar days after receipt by CGX of written notice from the
Executive of such change, reduction or termination, as the case may be;
(D) a determination by the Executive that as a result of

 

15

 

	 	 	 	a change in circumstances
significantly affecting the Executive’s position(s), including without limitation, a change in the scope of the business
or other activities for which the Executive was responsible
immediately prior to a Change in Control, the Executive has been
rendered substantially unable to carry out, has been substantially
hindered in the performance of, or has suffered a substantial
reduction in any of the authorities, powers, functions,
responsibilities or duties attached to the position(s) held by the
Executive immediately prior to the Change in Control, which situation
is not remedied within ten (10) calendar days after written notice to
CGX from the Executive of such determination; (E) the liquidation,
dissolution, merger, consolidation or reorganization of CGX or
transfer of all or a significant portion of its business and/or
assets (including, without limitation, by means of the sale of the
capital stock or assets of one or more direct or indirect
subsidiaries of CGX), unless the successor (by liquidation, merger,
consolidation, reorganization or otherwise) to which all or a
significant portion of its business and/or assets have been
transferred (directly or by operation of law) shall have assumed all
duties and obligations of CGX under this Agreement pursuant to
Section 19 hereof (in which case, such entity shall be deemed to be
“CGX” hereunder); (F) CGX shall require (1) that the principal place
of work of the Executive or the appropriate principal executive
office of CGX or CGX’s operating division or subsidiary for which the
Executive performed the majority of his services during the twelve
(12)-month period preceding the Change in Control be changed to any
location which is in excess of forty (40) miles from the location
thereof immediately prior to the Change in Control or (2) that the
Executive travel away from the Executive’s office in the course of
discharging the Executive’s responsibilities or Duties hereunder more
(in terms of either consecutive days or aggregate days in any
calendar year) than was required of the Executive prior to the Change
in Control, without, in either case, the Executive’s prior consent.

(p) Noncompetition Period shall mean the period beginning on the Effective Date and
ending (i) on the first anniversary of the Termination Date or (ii) if Executive’s
employment is terminated for any reason during the Post-Change in Control Period, on the
Termination Date.

(q) Permitted Activities shall mean (i) owning not more than 1% of the outstanding
 shares of a publicly-held Competitive Business which has shares listed for trading on a
securities exchange registered with the Securities and Exchange Commission or through the
automated quotation system of a registered securities association; (ii) owning capital stock
of CGX; (iii) service as a member of the board of directors of up to three entities that are
not Competitive Businesses; or (iv) those activities or actions undertaken by Executive, to
the extent, but only to the extent, such activities or actions are expressly approved in
writing by the Board.

 

16

 

(r) Trigger Date shall mean the third business day immediately preceding (1) the later
of the initial expiration date of a tender offer or exchange offer by any person, as the
term “person” is used in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act (other
than CGX, any subsidiary of CGX, any employee benefit plan of CGX or of any subsidiary of
CGX, and any person organized, appointed or established by CGX for or pursuant to the terms
of any such plan or for the purpose of funding any such plan or funding other employee
benefits for employees of CGX or any subsidiary of CGX), published or sent or given within
the meaning of Rule 14d-2(a) promulgated under the Exchange Act as then in effect, or any
later such expiration date established prior to such third business day, in each case if
upon consummation thereof, such person would be the beneficial owner of 10% or more of the
common stock; or (2) the record date for determining stockholders entitled to notice of, and
to vote at, an annual or special meeting of stockholders at which at least two persons are
standing, or have been nominated, for election as directors of CGX whose election or
nomination for election by the stockholders of CGX was not approved by a vote of at least
two-thirds of the members of the Board of Directors then in office (other than any such
person who is standing at the request of, or who has been nominated by, the Executive or any
affiliate of the Executive).

19. Notices.  All notices, demands or other communications required or provided hereunder
shall be in writing and shall be deemed to have been given and received when delivered in person or
transmitted by facsimile transmission (telecopy), cable or telex to the respective parties or seven
(7) days after dispatch by registered or certified mail, postage prepaid, addressed to the parties
at the addresses set forth below or at such other addresses as such parties may designate by notice
to the other parties:

	 	 	 	 	 
	 

	 	If to CGX:
	 	Consolidated Graphics, Inc.
	 

	 	 	 	5858 Westheimer, Suite 200
	 

	 	 	 	Houston, Texas 77057
	 

	 	 	 	Attention: Chairman of the Compensation Committee
	 
	 	 	 	 
	 

	 	If to Executive:
	 	Joe R. Davis
	 

	 	 	 	c/o Consolidated Graphics, Inc.
	 

	 	 	 	5858 Westheimer, Suite 200
	 

	 	 	 	Houston, Texas 77057

20. Legal Fees and Expenses. It is the intent of CGX that the Executive not be required to
incur the expenses associated with the enforcement of the Executive’s rights under this Agreement
by litigation or other legal action because the cost and expense thereof would substantially
detract from the benefits intended to be extended to the Executive hereunder. Accordingly, if it
should appear to the Executive that CGX has failed to comply with any of its obligations under this
Agreement or in the event that CGX or any other person takes any action to declare this Agreement
void or unenforceable, or institutes any litigation designed to deny, or to recover from, the
Executive the benefits intended to be provided to the Executive hereunder, CGX irrevocably
authorizes the Executive from time to time to retain counsel of the Executive’s choice, at the
expense of CGX as hereafter provided, to represent the Executive in connection with the litigation
or defense of any litigation or other legal action,

 

17

 

whether
by or against CGX or any director, officer, shareholder or other person affiliated with CGX, in any jurisdiction.
Notwithstanding any existing or prior attorney-client relationship between CGX and such counsel,
CGX irrevocably consents to the Executive’s entering into an attorney-client relationship with such
counsel, and in connection therewith CGX and the Executive agree that a confidential relationship
shall exist between the Executive and such counsel. CGX shall pay or cause to be paid and shall be
solely responsible for any and all attorneys’ and related fees and expenses incurred by the
Executive as a result of CGX’s failure to perform this Agreement or any provision thereof or as a
result of CGX or any person contesting the validity or enforceability of this Agreement or any
provision thereof as aforesaid. CGX shall pay such fees and related expenses promptly (but in no
event later than December 31st of the year following the year in which such fees and expenses were
incurred) after a statement or statements, prepared by such counsel in accordance with such
counsel’s customary billing practices, therefor are received by CGX. Amounts eligible for
reimbursement under this Section are only those amounts incurred prior to the second anniversary of
the Termination Date. The maximum aggregate amount payable by CGX under this Section 20 shall not
exceed $50,000.00 during the 12-month period ending on the first anniversary of the Termination
Date and $50,000 during the 12-month period ending on the second anniversary of the Termination
Date.

21. Successors; Assignment. 

(a) CGX, but not Executive, may assign or delegate any of its rights or obligations
hereunder; provided, however, that without the consent of Executive, CGX shall not be
relieved of any of its obligations hereunder as a result of any assignment to a third party;
provided, further, that an assignment made in accordance with this section shall not
constitute a termination of employment for purposes of this Agreement.

(b) CGX shall require any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) to all or substantially all of the business
and/or assets of CGX, to expressly assume and agree to perform this Agreement in the same
manner and to the same extent CGX would be required to perform if no such succession had
taken place.

(c) This Agreement shall be binding upon and inure to the benefit of any successor or
assignee thereof and any such successor or assignee shall be deemed substituted for CGX
under the terms of this Agreement and all references to “CGX” shall be deemed to mean such
successor or assignee.  As used in this Agreement, the term “assignee” shall include any
Affiliate or person, firm, partnership, corporation or CGX which at any time, whether by
merger, purchase or otherwise, acquires all of the capital stock or substantially all of the
assets or business of CGX, and any assignee or successor thereof.

(d) This Agreement shall inure to the benefit of and be enforceable by the Executive’s
personal or legal representatives, executors, administrators, successors, heirs,
distributees and/or legatees.

 

18

 

(e) This Agreement is personal in nature and neither of the parties hereto shall,
without the consent of the other, assign, transfer or delegate this Agreement or any
rights or obligations hereunder except as expressly provided in Subsection 21(a)
hereof. Without limiting the generality of the foregoing, the Executive’s right to receive
payments hereunder shall not be assignable, transferable or delegable, whether by pledge,
creation of a security interest or otherwise, other than by a transfer by the Executive’s
will or by the laws of descent and distribution and, in the event of any attempted
assignment or transfer contrary to this Subsection 21(e), CGX shall have no liability to pay
any amount so attempted to be assigned, transferred or delegated.

(f) CGX and the Executive recognize that each party will have no adequate remedy at law
for breach by the other of any of the agreements contained herein and, in the event of any
such breach, CGX and the Executive hereby agree and consent that the other shall be entitled
to a decree of specific performance, mandamus or other appropriate remedy to enforce
performance of this Agreement.

22. No Mitigation Obligation.  CGX hereby acknowledges that it will be difficult, and may be
impossible, for Executive to find reasonably comparable employment following the Termination Date
and that the noncompetition covenants contained in Sections 8 and 9 hereof will further limit the
employment opportunities for Executive.  Accordingly, the parties hereto expressly agree that the
payment of all such amounts and the provision of all such benefits by CGX to Executive in
accordance with the terms of this Agreement will be liquidated damages, and that Executive shall
not be required to mitigate the amount of any payment provided for in this Agreement by seeking
other employment or otherwise, nor shall any profits, income, earnings or other benefits from any
source whatsoever create any mitigation, offset, reduction or any other obligation on the part of
Executive hereunder or otherwise.

23. Amendment and Modification.  No amendment or modification of the terms of this Agreement
shall be binding upon either party unless reduced to writing and signed by Executive and a duly
appointed officer of CGX.

24. Governing Law.  This Agreement and all rights and obligations hereunder, including matters
of construction, validity and performance, shall be governed by the laws of the State of Texas,
without giving effect to the principles of conflicts of laws thereof.

25. Counterparts.  This Agreement may be executed in two or more counterparts, any one of
which shall be deemed the original without reference to the others.

26. Severability.  If any provision or portion of this Agreement shall be determined to be
invalid or unenforceable for any reason, the remaining provisions and portions of this Agreement
shall be unaffected thereby and shall remain in full force and effect to the fullest extent
permitted by law.

27. Effective Date.  This Agreement shall become effective only upon and as of the Effective
Date.

28. Waiver.  The failure of either party to insist, in any one or more instances, upon
performance of the terms or conditions of this Agreement shall not be construed as a waiver or
relinquishment of any right granted hereunder or of the future performance of any such term,
covenant or condition.

 

19

 

29. Construction of Agreement.  Headings of the sections in this Agreement are for reference
purposes only and shall not be deemed to have any substantive effect.  Unless the contents of this
Agreement otherwise clearly requires, references to the plural include the singular and the
singular include the plural.  Whenever the context here requires, the masculine shall refer to the
feminine, the neuter shall refer to the masculine or feminine, the singular shall refer to the
plural, and vice versa.

30. Prior Agreements. This Agreement is voluntarily entered into and expressly supersedes and
takes the place of any prior employment and/or change in control agreements between the parties
hereto; including the Prior Employment Agreement. In addition, the parties hereto acknowledge and
agree that the sales restrictions imposed by the employment agreement dated February 13, 2006 on
shares of CGX common stock underlying (i) the stock option granted to Executive on February 13,
2006 to purchase 300,000 shares of CGX common stock, which vested immediately on the grant date,
and (ii) the unvested stock options held by Executive on February 13, 2006 to purchase an aggregate
of 300,000 shares of CGX common stock, which were also accelerated on February 13, 2006, shall be
effectively removed as of the execution date of this Agreement, and the parties shall take such
action as may be necessary to amend such stock option agreements to reflect the prior accelerated
vesting, as necessary, and the removal of the sales restrictions on the underlying shares of CGX
common stock issuable upon exercise of such stock options.

31. Section 409A of the Code. This Agreement is intended to comply with Section 409A of the
Code and any ambiguous provision will be construed in a manner that is compliant with or exempt
from the application of Section 409A of the Code. If any provision of this Agreement (or of any
award of compensation, including equity compensation or benefits) would cause Executive to incur
any additional tax or interest under Section 409A of the Code and accompanying Treasury regulations
and guidance, CGX shall, after consulting with Executive, reform such provision to comply with
Section 409A of the Code, to the extent permitted under Section 409A of the Code; provided,
however, that CGX agrees to maintain, to the maximum extent practicable, the original intent and
economic benefit to Executive of the applicable provision without violating the provisions of
Section 409A of the Code. Notwithstanding any provision to the contrary in this Agreement, if
Executive has a Termination (other than by reason of death), is deemed on his Termination Date to
be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code
and CGX is a public company, then the payments and benefits under this Agreement that are subject
to Section 409A of the Code shall be made or provided as soon as practicable but not prior to the
later of (A) the payment date set forth in this Agreement or (B) the date that is the earliest of
(i) the expiration of the six-month period measured from the Termination Date or (ii) the date of
Executive’s death, in either case without interest for such delay. To the extent any
reimbursements or in-kind benefits provided to Executive pursuant to this Agreement are subject to
Section 409A of the Code, including without limitation any health plan benefits subject to Section
409A of the Code or legal fees and expenses paid or reimbursed pursuant to Section 20, then
in accordance with Section 409A of the Code: (A) the amount of expenses eligible for reimbursement
or in-kind benefits provided during Executive’s taxable year shall not affect the expenses eligible
for reimbursement or in-kind benefits provided in any other taxable year; (B) the reimbursement
must be made on or before the last day of Executive’s taxable year following the taxable year in
which the expense was
incurred; and (C) the right to reimbursement or in-kind benefits is not subject to liquidation
or exchange for another benefit.

 

20

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	EXECUTIVE:
	 	 	 	 
	 
	/s/ JON C. BIRO	 
	 	 	 
	 	JON C. BIRO
	 
	 	 	 	 
	 	CGX:	 	 
	 
	 	 	 	 
	 	CONSOLIDATED GRAPHICS, INC.	 
	 
	 	 	 	 
	 	By:  	/s/ Larry J. Alexander	 
	 	 	Name: 	Larry J. Alexander 	 
	 	 	Title: 	Chairman of the Compensation Committee 
of the Board of Directors 	 

 

21

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