THIS EMPLOYMENT AGREEMENT, dated as of April 1, 1998, is between Imation Corp., a Delaware
corporation (the "Company") and Robert L. Edwards (the "Employee").
WHEREAS, the Company and the Employee desire to enter into an employment agreement;
NOW, THEREFORE, in consideration of the premise and the mutual covenants and agreements contained
herein, the parties hereto hereby agree as follows:
1. Term; Position and Responsibilities.
(a) Term of Employment. Unless the Employee's employment shall terminate sooner pursuant to Section 7 hereof,
the Company shall employ the Employee for a term commencing on April 6, 1998 and ending on March 31,
2000 (the "Employment Term"), and the Employee's employment shall continue thereafter at will.
(b) Position and Responsibilities. During the Employment Term, the Employee will serve as Senior Vice President
- Strategy, Planning and Chief Financial Officer of the Company and shall have the duties, responsibilities and
authority customarily associated with such positions, subject to the supervisory powers of the Board of Directors
of the Company (the "Board"). During the Employment Term, the Employee will devote all of his skill, knowledge
and working time (except for reasonable vacation time and absence for sickness or similar disability) to the
conscientious performance of his duties. Anything herein to the contrary notwithstanding, subject to Section 8
hereof, nothing shall preclude the Employee from (i) serving on the boards of directors of a reasonable number of
other corporations or the boards of a reasonable number of trade associations and/or charitable organizations, (ii)
engaging in charitable activities community affairs and (iii) managing his personal investments and affairs, provided
that such activities do not interfere with the proper performance of his duties and responsibilities hereunder. The
Employee represents that he is entering into this Agreement voluntarily and that his employment hereunder and