Short Term Deferral Period Uses in Due Cause Clause

Due 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").

Due Cause. The Company may terminate Executive's employment, remove him as an officer of the Company and terminate this Agreement at any time for Due Cause. In the event of such termination for Due Cause, Executive shall continue to receive Base Salary provided for in this Agreement only through the date of such termination for Due Cause. Executive shall be entitled to no further benefits under this Agreement, except that 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. Executive understands and agrees that in the event of the termination of employment, removal as an officer and termination of this Agreement pursuant to this Section 9.3: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Executive and the Company with respect to such awards and (b) the Company shall have no further obligation to pay any bonus to Executive under the terms of the MIP or this Agreement, but that the obligations of Executive under Section 10 shall remain in full force and effect. The term "Due Cause" shall mean (i) the willful and continued failure of Executive to attempt to perform substantially his duties with the Company (other than any such failure resulting from Disability), after a demand for substantial performance is delivered to Executive, which specifically identifies the manner in which Executive has not attempted to substantially perform his duties and for those matters which are subject to cure, a ten (10) day notice to cure is provided, or (ii) the engaging by Executive in willful misconduct which is materially injurious to the Company, monetarily or otherwise. For purposes of this definition, no act, or failure to act, on the part of Executive shall be considered "willful" unless it is done, or omitted to be done, by Executive in bad faith and without reasonable belief that Executive's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interests of the Company.

Due 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").

Due Cause. The Company may terminate Griffin's employment, remove him as an officer of the Company and terminate this Agreement at any time for Due Cause. In the event of such termination for Due Cause, Griffin shall continue to receive Base Salary and Stay Bonus payments provided for in this Agreement only through the date of such termination for Due Cause. Griffin shall be entitled to no further benefits under this Agreement, except that 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. Griffin understands and agrees that in the event of the termination of employment, removal as an officer and termination of this Agreement pursuant to this Section 9.3: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Griffin and the Company with respect to such awards and (b) the Company shall have no further obligation to pay any bonus to Griffin under the terms of the MIP or this Agreement, but that the obligations of Griffin under Section 10 shall remain in full force and effect. The term "Due Cause" shall mean (i) the willful and continued failure of Griffin to attempt to perform substantially his duties with the Company (other than any such failure resulting from Disability), after a demand for substantial performance is delivered to Griffin, which specifically identifies the manner in which Griffin has not attempted to substantially perform his duties and for those matters which are subject to cure, a ten (10) day notice to cure is provided, or (ii) the engaging by Griffin in willful misconduct which is materially injurious to the Company, monetarily or otherwise. For purposes of this definition, no act, or failure to act, on the part of Griffin shall be considered "willful" unless it is done, or omitted to be done, by Griffin in bad faith and without reasonable belief that Griffin's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Griffin in good faith and in the best interests of the Company.

Due 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.

Due Cause. The Company may terminate Lacy's employment, remove him as an officer and director of the Company and terminate this Agreement at any time for Due Cause. In the event of such termination for Due Cause, Lacy shall continue to receive Base Salary payments provided for in this Agreement only through the date of such termination for Due Cause. Any bonus (or amounts in lieu thereof) pursuant to Section 5, payable for the fiscal year in which a Due Cause termination occurs, shall be determined by the Compensation Committee at its meeting following the end of such fiscal year pro rata to the date of termination and promptly paid to Lacy, and Lacy shall be entitled to no further benefits under this Agreement, except that 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. Lacy understands and agrees that in the event of the termination of employment, removal as an officer and director and termination of this Agreement pursuant to this Section 9.3: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Lacy and the Company with respect to such awards and (b) except as otherwise provided in this Section 9.3, the Company shall have no further obligation to pay any bonus to Lacy under the terms of the MIP or this Agreement, but that the obligations of Lacy under Section 10 shall remain in full force and effect. The term "Due Cause" shall mean (i) the willful and continued failure of Lacy to attempt to perform substantially his duties with the Company (other than any such failure resulting from Disability), after a demand for substantial performance is delivered to Lacy by the Board, which specifically identifies the manner in which Lacy has not attempted to substantially perform his duties, or (ii) the engaging by Lacy in willful misconduct which is materially injurious to the Company, monetarily or otherwise. For purposes of this definition, no act, or failure to act, on the part of Lacy shall be considered "willful" unless it is done, or omitted to be done, by Lacy in bad faith and without reasonable belief that Lacy's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Lacy in good faith and in the best interests of the Company. Notwithstanding the foregoing, Lacy shall not be deemed to have been terminated for Due Cause unless and until there have been delivered to him a copy of a resolution duly adopted by the affirmative vote of at least 3/4 of the Board (excluding Lacy) at a meeting of the Board called and held for such purpose (after reasonable notice is provided to Lacy and he is given an opportunity, together with counsel, to be heard before the Board) finding that in the good faith opinion of the Board Lacy was guilty of conduct set forth herein and specifying the particulars thereof.