exhibit 10 ( 1xv ) agreement between american greetings corporation and morry weiss in connection with termination of the split dollar agreement this agreement made and entered into this 16th day of february 2009 between american greetings corporation ( the “ corporation ” ), an ohio corporation, and morry weiss. whereas, the corporation and the morry weiss and judith s. weiss 2001 irrevocable trust ( the “ owner ” ) executed a split - dollar life insurance agreement dated as of may 7th, 2001 ( the “ split - dollar agreement ” ) on the lives of morry weiss and judith weiss ( the “ insured ” ), under which the owner possesses all incidents of ownership on the policy, subject to certain limitations. whereas, pursuant to the split - dollar agreement, the corporation has paid a portion of the $ 185, 000 annual premiums and has a collateral interest in the policy held by the owner as security for the reimbursement of an amount equal to the premiums paid by the corporation but not to exceed the cash value of the policy. the owner has also paid a portion of the premiums. whereas, the corporation acknowledges that its obligation to pay premiums under the split - dollar agreement was not conditioned on continued services by morry weiss. whereas, the enactment of the sarbanes - oxley act of 2002 ( the “ act ” ) brought into question whether the corporation could continue to pay premiums and increase the reimbursement amount with respect to the insurance policy that is the subject of the split - dollar agreement. the act prohibits new loans between the corporation and certain individuals, and certain features of the continuing arrangement could be characterized as a loan prohibited by the act. whereas, in accordance with the terms of the insurance policy, the corporation has not made further premium payments since the enactment of the act and any additional amount paid with respect to the policy since enactment of the act has not been subject to reimbursement by the corporation. whereas, the parties acknowledge that the cash value of the policy subject to the split - dollar agreement does not exceed the aggregate premiums paid by the corporation pursuant to the agreement. as a result of limitations imposed by the act on the continuation of the split - dollar agreement, the corporation and morry weiss agree to the following terms : 1. the corporation will provide written notice to morry weiss that it and the owner have signed an agreement to terminate the split dollar agreement and that the corporation has received all payments due