STOCK GRANT AGREEMENT
JOURNAL COMMUNICATIONS, INC.
2003 EQUITY INCENTIVE PLAN
AGREEMENT is effective as of (hereinafter referred to
as the "Grant Date") and is by and between Journal Communications, Inc., a
Wisconsin corporation (hereinafter referred to as the "Company") and
(hereinafter referred to as the "Participant").
Company has adopted the Journal Communications, Inc. 2003 Equity Incentive Plan
(hereinafter referred to as the Plan) to provide grants of Class B Common
Stock to non-employee Directors and employees of the Company and its Subsidiaries and
Participant is an Employee of the Company and the Company wishes to acknowledge his or her
efforts toward the successful operation of the business and to provide him or her a means
to acquire and/or increase his or her proprietary interest in the Company.
has been granted awards of Stock and the Company and the Participant wish to clarify their
respective rights with respect to the Stock awards.
THEREFORE, in consideration of the premises and of the covenants and agreements herein set
forth, the parties hereby mutually covenant and agree as follows: