THIS EMPLOYMENT AGREEMENT (the “ Agreement ”) is made and entered into as of the 2 nd day of
April, 2008, by and between LaJobi, Inc. a Delaware corporation (the “ Employer ”), and LAWRENCE
BIVONA (the “ Executive ”).
A. The Employer desires that the Executive provide services for the benefit of the Employer and certain of its
affiliates, and Russ Berrie and Company, Inc. (“ Parent ”), pursuant to the terms and conditions set forth herein,
and the Executive desires to accept such employment with the Employer.
B. The Employer and the Executive acknowledge that the Executive will be a member of the senior
management team and the Board of Directors of the Employer and, as such, will participate in implementing the
Employer’s business plan and the overall business plan of Parent.
C. In the course of his employment with the Employer, the Executive will have access to certain confidential
information that relates to or will relate to the business of the Employer, Parent and their affiliates.
D. The Employer desires that any such information not be disclosed to other parties or otherwise used for
NOW, THEREFORE, in consideration of the above premises and the following mutual covenants and
conditions, the parties agree as follows:
1. Employment. The Employer shall employ the Executive as its President and shall appoint, and shall cause
Parent, as Employer’s sole stockholder, to appoint Executive as a member of the Board of Directors of
Employer, and the Executive hereby accepts such employment and appointment on the following terms and
conditions. The Executive understands and agrees that he is an at-will employee, and the Executive and the
Employer can, and shall have the right to, terminate the employment relationship at any time for any or no reason,
with or without cause, in accordance with the termination provisions contained in Paragraph 6, but subject to the
payment provisions con