August 2008 Uses in Long-Term Incentive Plans Clause

Long-Term Incentive Plans from Employment Agreement

AGREEMENT entered into as of August 14th, 2008, by and between MEREDITH CORPORATION, an Iowa corporation (the "Company"), and JOHN S. ZIESER ("Executive"), to become effective August 12, 2008 ("Effective Date").

Long-Term Incentive Plans. During the Term of this Agreement, Executive shall be eligible to participate in all long-term incentive plans, including, without limitation, stock incentive plans adopted by the Company and in effect (collectively, "Long-Term Incentive Plans"), at levels of awards to be granted by the Compensation Committee commensurate with the level of Executive's responsibilities and performance thereof. At its regular August 2008 meeting, the Compensation Committee, in the exercise of its discretion, shall approve an award to Executive of: (a) 65,000 non-qualified stock options with a three (3) year cliff vesting schedule and a strike price equal to the fair market value of Meredith common stock on the date of such award, and (b) 10,000 Restricted Stock of Meredith common stock with a three (3) year cliff vesting schedule.

Long-Term Incentive Plans from Employment Agreement

AGREEMENT entered into as of March 9, 2008, by and between MEREDITH CORPORATION, an Iowa corporation (the "Company"), and JACK GRIFFIN ("Griffin"), to become effective March 6, 2008 ("Effective Date").

Long-Term Incentive Plans. During the Term of this Agreement, Griffin shall be eligible to participate in all long-term incentive plans, including, without limitation, stock incentive plans adopted by the Company and in effect (collectively, "Long-Term Incentive Plans"), at levels of awards to be granted by the Compensation Committee commensurate with the level of Griffin's responsibilities and performance thereof. At its regular August 2008 meeting, the Compensation Committee, in the exercise of its discretion, shall approve an award to Griffin of: (a) 50,000 non-qualified stock options with a three (3) year cliff vesting schedule and a strike price equal to the fair market value of Meredith common stock on the date of such award, and (b) 7,500 Restricted Stock Units of Meredith common stock with a three (3) year cliff vesting schedule.

Long-Term Incentive Plans from Employment Agreement

AGREEMENT entered into as of August 14th, 2008, by and between MEREDITH CORPORATION, an Iowa corporation (the "Company"), and John S. Zieser ("Executive"), to become effective August 12, 2008 ("Effective Date").

Long-Term Incentive Plans. During the Term of this Agreement, Executive shall be eligible to participate in all long-term incentive plans, including, without limitation, stock incentive plans adopted by the Company and in effect (collectively, "Long-Term Incentive Plans"), at levels of awards to be granted by the Compensation Committee commensurate with the level of Executive's responsibilities and performance thereof. At its regular August 2008 meeting, the Compensation Committee, in the exercise of its discretion, shall approve an award to Executive of: (a) 65,000 non-qualified stock options with a three (3) year cliff vesting schedule and a strike price equal to the fair market value of Meredith common stock on the date of such award, and (b) 10,000 Restricted Stock of Meredith common stock with a three (3) year cliff vesting schedule.

Long-Term Incentive Plans from Employment Agreement

AGREEMENT entered into as of March 9, 2008, by and between MEREDITH CORPORATION, an Iowa corporation (the "Company"), and JACK GRIFFIN ("Griffin"), to become effective March 6, 2008 ("Effective Date").

Long-Term Incentive Plans. During the Term of this Agreement, Griffin shall be eligible to participate in all long-term incentive plans, including, without limitation, stock incentive plans adopted by the Company and in effect (collectively, "Long-Term Incentive Plans"), at levels of awards to be granted by the Compensation Committee commensurate with the level of Griffin's responsibilities and performance thereof. At its regular August 2008 meeting, the Compensation Committee, in the exercise of its discretion, shall approve an award to Griffin of: (a) 50,000 non-qualified stock options with a three (3) year cliff vesting schedule and a strike price equal to the fair market value of Meredith common stock on the date of such award, and (b) 7,500 Restricted Stock Units of Meredith common stock with a three (3) year cliff vesting schedule.