Amendment No. 4 To The Scholastic Corporation 1995 Stock Option Plan

Stock Option Agreement

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SCHOLASTIC CORP

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Title: Amendment No. 4 To The Scholastic Corporation 1995 Stock Option Plan
Date: 4/2/2007
Industry: Printing and Publishing Sector: Services

Exhibit 10.3

Amendment No. 4
To The
Scholastic Corporation
1995 Stock Option Plan

Section 8 of the Scholastic Corporation 1995 Stock Option Plan (“Plan”) is amended by replacing the fourth paragraph of Section 8(j) thereof in its entirety with the following:

“Upon termination of employment (or consulting agreement) for any reason other than death, Disability, retirement on or after age 55 or involunta

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