Change of Control Severance Payment Uses in Without Cause Clause

Without Cause 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").

Without Cause. The other provisions of this Agreement notwithstanding, the Company may terminate Executive's employment, remove him as an officer and terminate this Agreement at any time for whatever reason it deems appropriate, with or without cause and with or without prior notice. In the event of such a termination of Executive's employment and this Agreement, Executive shall have no further obligations of any kind under or arising out of the Agreement (except for the obligations of Executive under Section 10) and the Company shall be obligated only to promptly pay Executive within the Short Term Deferral Period the following in a lump sum payment: (a) 170 percent of Base Salary through the end of the then current Term of this Agreement (the "Remaining Term") as provided for under Section 2 of this Agreement, but no less than a total of eighteen (18) months of 170 percent of Base Salary; and (b) any other amounts due and owing not then paid; provided, however, that in the event that as a result of such termination of employment Executive would otherwise be entitled to a severance payment (a "Change of Control Severance Payment") under Section 4 of the Amended and Restated Severance Agreement dated as of the 30th day of December, 2008, between Executive and the Company (the "Severance Agreement"), Executive shall be entitled to the amounts described in clause (b) above and the greater of: (i) the cash severance benefits described in clause (a) of this sentence and (ii) the cash severance benefits described in Section 4(a) of the Severance Agreement, but in no event to both payments. After the date of termination under this Section 9.4 or Section 9.6, Executive shall not be treated as an employee for purposes of the Company's employee benefit plans or programs even though he may continue to receive payments as provided in this Section 9.4, except: that Executive and his eligible dependents shall continue, to the extent permitted by law, to be covered by health and welfare insurance plans or programs in which Executive and his eligible dependents participate immediately prior to Executive's termination of employment for the Remaining Term; provided, however, that if during such time period Executive should enter into employment with a new employer and become eligible to receive comparable insurance benefits, the continued insurance benefits described herein shall automatically cease. In the event that Executive is ineligible, for whatever reason, to continue to be so covered with respect to any of the above-referenced plans or programs, the Company shall provide substantially equivalent coverage through other sources (determined on an after-tax basis). In the event Executive would otherwise be entitled to a Change of Control Severance Payment under the Severance Agreement as a result of a termination of employment under this Section 9.4, Executive may elect to receive the continued health and welfare insurance benefits under this Section 9.4 or under Section 4(b) of the Severance Agreement, but in no event both benefits. Furthermore, in the event of a termination Without Cause, Executive shall be presumed to have met eligibility requirements specified in Section 2.4 of the Meredith Replacement Benefit Plan and the Meredith Supplemental Benefit Plan or any successor thereto and he shall be entitled to the amounts that have accrued under such plans through the date of his termination without cause. All awards of restricted stock and stock options shall automatically vest and be exercisable for the full unexpired term of the option. Executive agrees that the payments described in this Section 9.4 shall be full and adequate compensation to Executive for all damages Executive may suffer as a result of the termination of his employment pursuant to this Sections 9.4 or 9.6, and in consideration of the payments and benefits provided in this Section 9.4, Executive agrees to execute a Waiver and Release Agreement in the form attached hereto as Attachment A; provided, however, that, except as specifically provided for under this Section 9.4, any rights and benefits Executive may have under the employee benefit plans and programs of the Company, in which Executive is a participant, shall be determined in accordance with the terms and provisions of such plans and programs.

Without Cause 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").

Without Cause. The other provisions of this Agreement notwithstanding, the Company may terminate Griffin's employment, remove him as an officer and terminate this Agreement at any time for whatever reason it deems appropriate, with or without cause and with or without prior notice. In the event of such a termination of Griffin's employment and this Agreement, Griffin shall have no further obligations of any kind under or arising out of the Agreement (except for the obligations of Griffin under Section 10) and the Company shall be obligated only to promptly pay Griffin within the Short Term Deferral Period the following in a lump sum payment: (a) 180 percent of Base Salary, and the Stay Bonus amounts provided in Section 5 of this Agreement through the end of the then current Term of this Agreement (the "Remaining Term") as provided for under Section 2 of this Agreement, but no less than a total of twenty-one months of 180 percent of Base Salary, and Stay Bonus; and (b) any other amounts due and owing not then paid; provided, however, that in the event that as a result of such termination of employment Griffin would otherwise be entitled to a severance payment (a "Change of Control Severance Payment") under Section 4 of the Amended and Restated Severance Agreement dated as of the 30th day of December, 2008, between Griffin and the Company (the "Severance Agreement"), Griffin shall be entitled to the amounts described in clause (b) above and the greater of: (i) the cash severance benefits described in clause (a) of this sentence and (ii) the cash severance benefits described in Section 4(a) of the Severance Agreement, but in no event to both payments. After the date of termination under this Section 9.4 or Section 9.6, Griffin shall not be treated as an employee for purposes of the Company's employee benefit plans or programs even though he may continue to receive payments as provided in this Section 9.4, except: that Griffin and his eligible dependents shall continue, to the extent permitted by law, to be covered by health and welfare insurance plans or programs in which Griffin and his eligible dependents participate immediately prior to Griffin's termination of employment for the Remaining Term; provided, however, that if during such time period Griffin should enter into employment with a new employer and become eligible to receive comparable insurance benefits, the continued insurance benefits described herein shall automatically cease. In the event that Griffin is ineligible, for whatever reason, to continue to be so covered with respect to any of the above-referenced plans or programs, the Company shall provide substantially equivalent coverage through other sources (determined on an after-tax basis). In the event Griffin would otherwise be entitled to a Change of Control Severance Payment under the Severance Agreement as a result of a termination of employment under this Section 9.4, Griffin may elect to receive the continued health and welfare insurance benefits under this Section 9.4 or under Section 4(b) of the Severance Agreement, but in no event both benefits. Furthermore, in the event of a termination Without Cause, Griffin shall be presumed to have met eligibility requirements specified in Section 2.4 of the Meredith Replacement Benefit Plan and the Meredith Supplemental Benefit Plan or any successor thereto and he shall be entitled to the amounts that have accrued under such plans through the date of his termination without cause. All awards of restricted stock and stock options shall automatically vest and be exercisable for the full unexpired term of the option. Griffin agrees that the payments described in this Section 9.4 shall be full and adequate compensation to Griffin for all damages Griffin may suffer as a result of the termination of his employment pursuant to this Sections 9.4 or 9.6, and in consideration of the payments and benefits provided in this Section 9.4, Griffin agrees to execute a Waiver and Release Agreement in the form attached hereto as Attachment A; provided, however, that, except as specifically provided for under this Section 9.4, any rights and benefits Griffin may have under the employee benefit plans and programs of the Company, in which Griffin is a participant, shall be determined in accordance with the terms and provisions of such plans and programs.

Without Cause from Employment Agreement

AGREEMENT entered into as of January 30, 2006, by and between MEREDITH CORPORATION, an Iowa corporation (the "Company"), and STEPHEN M. LACY ("Lacy"), to become effective July 1, 2006.

Without Cause. The other provisions of this Agreement notwithstanding, the Company may terminate Lacy's employment, remove him as an officer and director and terminate this Agreement at any time for whatever reason it deems appropriate, with or without cause and with or without prior notice. In the event of such a termination of Lacy's employment and this Agreement, Lacy shall have no further obligations of any kind under or arising out of the Agreement (except for the obligations of Lacy under Section 10) and the Company shall be obligated only to promptly pay Lacy within the Short Term Deferral Period the following in a lump sum payment: (a) 200% of Base Salary through the end of the then current Term of this Agreement (the "Remaining Term") as provided for under Section 2 of this Agreement, but no less than a total of twenty-four months of 200% of Base Salary; and (b) any other amounts due and owing not then paid; provided, however, that in the event that as a result of such termination of employment Lacy would otherwise be entitled to a severance payment (a "Change of Control Severance Payment") under Section 4 of the Amended and Restated Severance Agreement dated as of the 30th day of December, 2008, between Lacy and the Company, (the "Severance Agreement"), Lacy shall be entitled to the amounts described in clause (b) above and the greater of: (i) the cash severance benefits described in clause (a) of this sentence and (ii) the cash severance benefits described in Section 4(a) of the Severance Agreement, but in no event to both payments. After the date of termination under this Section 9.4 or Section 9.6, Lacy shall not be treated as an employee for purposes of the Company's employee benefit plans or programs even though he may continue to receive payments as provided in this Section 9.4, except: that Lacy and his eligible dependents shall continue, to the extent permitted by law, to be covered by health and welfare insurance plans or programs in which Lacy and his eligible dependents participate immediately prior to Lacy's termination of employment for the Remaining Term; provided, however, that if during such time period Lacy should enter into employment with a new employer and become eligible to receive comparable insurance benefits, the continued insurance benefits described herein shall automatically cease. In the event that Lacy is ineligible, for whatever reason, to continue to be so covered with respect to any of the above-referenced plans or programs, the Company shall provide substantially equivalent coverage through other sources (determined on an after-tax basis). In the event Lacy would otherwise be entitled to a Change of Control Severance Payment under the Severance Agreement as a result of a termination of employment under this Section 9.4, Lacy may elect to receive the continued health and welfare insurance benefits under this Section 9.4 or under Section 4(b) of the Severance Agreement, but in no event both benefits. Furthermore, in the event of a termination Without Cause, Lacy shall be presumed to have met eligibility requirements specified in Section 2.4 of the Meredith Replacement Benefit Plan and the Meredith Supplemental Benefit Plan or any successor thereto. He shall be presumed to have met eligibility requirements for the Company's Retiree Health Care coverage at end of the Term provided, however, that if subsequent to such termination Lacy should enter into employment with another employer and become eligible for health insurance benefits, Lacy's eligibility for Retirement Health Care coverage shall automatically cease. All awards of restricted stock and stock options shall automatically vest and be exercisable for the full unexpired term of the option. Lacy agrees that the payments described in this Section 9.4 shall be full and adequate compensation to Lacy for all damages Lacy may suffer as a result of the termination of his employment pursuant to this Sections 9.4 or 9.6, and in consideration of the payments and benefits provided in this Section 9.4, Lacy agrees to execute a Waiver and Release Agreement in the form attached hereto as Attachment A; provided, however, that, except as specifically provided for under this Section 9.4, any rights and benefits Lacy may have under the employee benefit plans and programs of the Company, in which Lacy is a participant, shall be determined in accordance with the terms and provisions of such plans and programs.

Without Cause 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").

Without Cause. The other provisions of this Agreement notwithstanding, the Company may terminate Executive's employment, remove him as an officer and terminate this Agreement at any time for whatever reason it deems appropriate, with or without cause and with or without prior notice. In the event of such a termination of Executive's employment and this Agreement, Executive shall have no further obligations of any kind under or arising out of the Agreement (except for the obligations of Executive under Section10) and the Company shall be obligated only to promptly pay Executive the following in a lump sum payment: (a) Base Salary and the target MIP bonus amounts provided in Section 5 of this Agreement through the end of the then current Term of this Agreement (the "Remaining Term") as provided for under Section 2 of this Agreement, but no less than a total of eighteen (18) months of Base Salary and target bonus under the MIP or successor plans; and (b) any other amounts due and owing not the n paid; provided, however, that in the event that as a result of such termination of employment Executive would otherwise be entitled to a severance payment (a "Change of Control Severance Payment") under Section 4 of the Amended and Restated Severance Agreement dated as of February 1, 2001, between Executive and the Company (the "Severance Agreement"), Executive shall be entitled to the amounts described in clause (b) above and the greater of: (i) the cash severance benefits described in clause (a) of this sentence and (ii) the cash severance benefits described in Section 4(a) of the Severance Agreement, but in no event to both payments. After the date of termination under this Section 9.4 or Section 9.6, Executive shall not be treated as an employee for purposes of the Company's employee benefit plans or programs even though he may continue to receive payments as provided in this Section 9.4, except: that Executive and his eligible dependents shall continue, to the extent permitted by law, to be covered by health and welfare insurance plans or programs in which Executive and his eligible dependents participate immediately prior to Executive's termination of employment for the Remaining Term; provided, however, that if during such time period Executive should enter into employment with a new employer and become eligible to receive comparable insurance benefits, the continued insurance benefits described herein shall automatically cease. In the event that Executive is ineligible, for whatever reason, to continue to be so covered with respect to any of the above-referenced plans or programs, the Company shall provide substantially equ ivalent coverage through other sources (determined on an after-tax basis). In the event Executive would otherwise be entitled to a Change of Control Severance Payment under the Severance Agreement as a result of a termination of employment under this Section 9.4, Executive may elect to receive the continued health and welfare insurance benefits under this Section 9.4 or under Section 4(b) of the Severance Agreement, but in no event both benefits. Furthermore, in the event of a termination Without Cause, Executive shall be presumed to have met eligibility requirements specified in Section 2.4 of the Meredith Replacement Benefit Plan and the Meredith Supplemental Benefit Plan or any successor thereto and he shall be entitled to the amounts that have accrued under such plans through the date of his termination without cause. All awards of restricted stock and stock options shall automatically vest and be exercisable for the full unexpired term of the option. Executive agrees that the payments described in this Section 9.4 shall be full and adequate compensation to Executive for all damages Executive may suffer as a result of the termination of his employment pursuant to this Sections 9.4 or 9.6, and in consideration of the payments and benefits provided in this Section 9.4, Executive agrees to execute a Waiver and Release Agreement in the form attached hereto as Attachment A; provided, however, that, except as specifically provided for under this Section 9.4, any rights and benefits Executive may have under the employee benefit plans and programs of the Company, in which Executive is a participant, shall be determined in accordance with the terms and provisions of such plans and programs.

Without Cause 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").

Without Cause. The other provisions of this Agreement notwithstanding, the Company may terminate Griffin's employment, remove him as an officer and terminate this Agreement at any time for whatever reason it deems appropriate, with or without cause and with or without prior notice. In the event of such a termination of Griffin's employment and this Agreement, Griffin shall have no further obligations of any kind under or arising out of the Agreement (except for the obligations of Griffin under Section10) and the Company shall be obligated only to promptly pay Griffin the following in a lump sum payment: (a) Base Salary, the target MIP bonus and the Stay Bonus amounts provided in Section 5 of this Agreement through the end of the then current Term of this Agreement (the "Remaining Term") as provided for under Section 2 of this Agreement, but no less than a total of twenty-one months of Base Salary, target bonus under the MIP or successor plans and Stay Bonus; and (b) any other amounts due and owing not then paid; provided, however, that in the event that as a result of such termination of employment Griffin would otherwise be entitled to a severance payment (a "Change of Control Severance Payment") under Section 4 of the Amended and Restated Severance Agreement dated as of June 26, 2003, between Griffin and the Company (the "Severance Agreement"), Griffin shall be entitled to the amounts described in clause (b) above and the greater of: (i) the cash severance benefits described in clause (a) of this sentence and (ii) the cash severance benefits described in Section 4(a) of the Severance Agreement, but in no event to both payments. After the date of termination under this Section 9.4 or Section 9.6, Griffin shall not be treated as an employee for purposes of the Company's employee benefit plans or programs even though he may continue to receive payments as provided in this Section 9.4, except: that Griffin and his eligible dependents shall continue, to the extent permitted by law, to be covered by health and welfare insurance plans or programs in which Griffin and his eligible dependents participate immediately prior to Griffin's termination of employment for the Remaining Term; provided, however, that if during such time period Griffin should enter into employment with a new employer and become eligible to receive comparable insurance benefits, the continued insurance benefits described herein shall automatically cease. In the event that Griffin is ineligible, for whatever reason, to continue to be so covered with respect to any of the above-referenced plans or programs, the Company shall provide substantially equivalent cove rage through other sources (determined on an after-tax basis). In the event Griffin would otherwise be entitled to a Change of Control Severance Payment under the Severance Agreement as a result of a termination of employment under this Section 9.4, Griffin may elect to receive the continued health and welfare insurance benefits under this Section 9.4 or under Section 4(b) of the Severance Agreement, but in no event both benefits. Furthermore, in the event of a termination Without Cause, Griffin shall be presumed to have met eligibility requirements specified in Section 2.4 of the Meredith Replacement Benefit Plan and the Meredith Supplemental Benefit Plan or any successor thereto and he shall be entitled to the amounts that have accrued under such plans through the date of his termination without cause. All awards of restricted stock and stock options shall automatically vest and be exercisable for the full unexpired term of the option. Griffin agrees that the payments described in this Section 9.4 shall be full and adequate compensation to Griffin for all damages Griffin may suffer as a result of the termination of his employment pursuant to this Sections 9.4 or 9.6, and in consideration of the payments and benefits provided in this Section 9.4, Griffin agrees to execute a Waiver and Release Agreement in the form attached hereto as Attachment A; provided, however, that, except as specifically provided for under this Section 9.4, any rights and benefits Griffin may have under the employee benefit plans and programs of the Company, in which Griffin is a participant, shall be determined in accordance with the terms and provisions of such plans and programs.