<SUBMISSION>
<ACCESSION-NUMBER>0001046568-08-000013
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20080319
<ITEMS>8.01
<FILING-DATE>20080319
<DATE-OF-FILING-DATE-CHANGE>20080319
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CAREER EDUCATION CORP
<CIK>0001046568
<ASSIGNED-SIC>8200
<IRS-NUMBER>363932190
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1116
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-23245
<FILM-NUMBER>08698632
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2895 GREENSPOINT
<STREET2>SUITE 600
<CITY>HOFFMAN ESTATES
<STATE>IL
<ZIP>60195
<PHONE>8477813600
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2800 WEST HIGGINS ROAD
<STREET2>SUITE 790
<CITY>HOFFMAN ESTATES
<STATE>IL
<ZIP>60195
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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      D.C. 20549</strong></font></div>
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      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 13pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
      REPORT</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman;">Date
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      satisfy the filing obligation of the registrant under any of the following
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                communications pursuant to Rule 425 under the Securities Act (17
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                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>&#160;</div>
    <div><br>&#160;</div>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
    </div>
    <div>&#160;</div>
    <div id="PN" style="PAGE-BREAK-AFTER: always">
      <div style="WIDTH: 100%; TEXT-ALIGN: center">
        <hr style="COLOR: black" noshade size="2">
      </div>
    </div>
    <div id="HDR">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Item
        5.02
        Departure of Directors or Certain Officers; Election of Directors; Appointment
        of Certain Officers; Compensatory Arrangements of Certain
        Officers.</font></strong></font></div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
          <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
            February 12, 2008, Career Education Corporation (the &#8220;Company&#8221;) issued a press
            release announcing, among other things, the departure of Stephen C. Fireng
            as
            the Company's&#160;Group President, Art &amp; Design and University Divisions.
            The effective date of Mr. Fireng's separation from&#160;employment was February
            11, 2008 (the &#8220;Separation Date&#8221;).</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
            connection with his termination of employment, Mr.&#160;Fireng and the Company
            entered into an&#160;&#160;Agreement and General Release (the &#8220;Agreement&#8221;) on
            March 13, 2008. Under the terms of the Agreement and pursuant to the
            Company&#8217;s
            Severance Plan for Executive Level Employees, Mr. Fireng will receive
            severance
            pay of $246,153.85 that is equal to 32 weeks of base wages. Mr. Fireng
            will also
            be eligible to continue to receive certain medical and dental benefits
            generally
            available to executive employees of the Company for a period of 32 weeks
            following the Separation Date.&#160;&#160;In addition, the Company will pay Mr.
            Fireng the pro rata amount of Mr. Fireng&#8217;s earned 2008 bonus, if any, based on
            the period from January 1, 2008 through the Separation Date.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
            Agreement also provides that Mr. Fireng agrees not to compete with the
            Company
            for a period of 32 weeks after the Separation Date and not to solicit
            the
            Company&#8217;s employees, customers, students and certain other persons for a period
            of 32 weeks after the Separation Date.&#160;&#160;The Agreement further provides
            for a waiver and release of claims against the Company and other customary
            provisions.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
            description of the terms of the Agreement contained herein does not purport
            to
            be complete and is qualified in its entirety by reference to the Agreement,
            a
            copy of which is attached as Exhibit 10.1 to this Current Report on Form
            8-K and
            is incorporated by reference herein.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        </div>
        <div>&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
          9.01 Financial Statements and Exhibits.</strong></font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)
          Exhibit</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Number</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Description
          of Exhibit</u></font></div>
        <div><br></div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top">
                <td style="WIDTH: 54pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">10.1</font></div>
                </td>
                <td>
                  <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Agreement
                    and General Release between Career Education Corporation&#160;and Stephen
                    C. Fireng executed on March 13,
                    2008.</font></div>
                </td>
              </tr>

          </table>
        </div><br></div>
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
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                EDUCATION CORPORATION</font></div>
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
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                Michael J. Graham</font></div>
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            <td valign="top" width="63%"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;">Michael
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Vice President and&#160;Chief Financial
                Officer</font></div>
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      March 19, 2008</font></div>
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    <div>&#160;</div>
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        Index</u></strong></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;"><strong><u>Number</u></strong></font></div>
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                  of Exhibit</u></strong></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman;">10.1</font></div>
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                  <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Agreement
                    and General Release between Career Education Corporation&#160;and Stephen
                    C. Fireng executed on March 13,
                    2008.</font></div>
                </div>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101.htm
<DESCRIPTION>EXHIBIT
<TEXT>
<html>

  <head>
    <title>Unassociated Document</title>
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  <body bgcolor="#ffffff"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;</font>&#160;Exhibit
      10.1</strong></font></div>
    <div>&#160;</div>
    <div><br>&#160;<br><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Agreement
        and </u><u>General </u><u>Release</u></strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Agreement and General Release (&#8220;Agreement&#8221;) sets forth the agreement between
        Career Education Corporation&#160;(&#8220;CEC&#8221; or &#8220;the Company&#8221;) and you, Stephen C.
        Fireng (&#8220;You&#8221;).</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Employment
        Separation</u></strong>.&#160;&#160;Your employment with CEC terminates
        effective February 11, 2008 (the &#8220;Separation Date&#8221;).&#160;&#160;On that date,
        You must resign from all of Your positions, including but not limited to
        CEC
        Group President and member of the American InterContinental University and
        the
        Colorado Technical University Governing Boards.&#160;&#160;You understand and
        agree that from and after the Separation Date, except as described in provision
        9, You are no longer authorized to incur any expenses, obligations or
        liabilities on behalf of CEC.&#160;&#160;On its part, CEC agrees to reimburse
        You, in accordance with CEC&#8217;s regular expense reimbursement processes, for any
        expenses incurred through the Separation Date, provided that such expenses
        are
        consistent with CEC&#8217;s expense policy and practice.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Benefits
        Followin</u></strong><strong><u>g the Separation Date</u></strong>. You hereby
        acknowledge that, after the Separation Date, You will no longer be entitled
        to
        participate in any&#160;employee benefit plan sponsored or maintained by the
        Company, except for (a) continuation coverage&#160;that may be elected under
        group health plans maintained by the Company, which coverage is intended
        to
        satisfy the requirements of Sections 601 through 608 of the Employee Retirement
        Income Security Act of 1974, as amended (&#8220;ERISA&#8221;), and (b) any benefit provided
        under the provisions of a pension plan (as defined in Section 3(2) of ERISA)
        which is accrued and vested as of the Separation Date, any such benefit to
        be
        paid in accordance with the written terms of such pension plan<strong>.
</strong>In the event that You&#160;elect to continue the&#160;benefit
        coverage&#160;described in clause (a) of&#160;the preceding sentence, the
        following benefit coverage&#160;will be continued at CEC&#8217;s cost for the
        thirty-two (32) week period following the Separation Date, upon the same
        terms
        and conditions as&#160;such coverage (if any)&#160;is provided to&#160;other
        actively employed&#160;key executives of the Company generally during
        such&#160;thirty-two (32) week period: (i) medical plan including vision
        (normal); (ii) medical plan (Execu-Care) and (iii) dental;&#160;<u>provided</u>,
        that&#160;You do not become eligible to receive similar benefits from a
        subsequent employer.&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Payments
        by CEC</u></strong>.&#160; In exchange for the promises and agreements made by
        You contained in this Agreement, and in lieu of the payments described in
        CEC&#8217;s
        Severance Plan for Executive Level Employees CEC will pay You an amount equal
        to
        thirty-two (32) weeks of pay (subject to taxes and withholdings), calculated
        based on Your gross base wages as of Your Separation Date.&#160;&#160;The gross
        amount of separation pay payable to You as calculated in accordance with
        this
        paragraph is $246,153.85 and will be paid to You by check, mailed to Your
        last-known address according to CEC&#8217;s payroll records, within two weeks
        following the receipt by the Company of the fully executed Agreement at the
        address and within the fourteen (14) day time frame described in Paragraph
        11 of
        this Agreement.&#160;&#160;In addition the Company will pay to you on or before
        March 15, 2009, a lump sum payment of Your pro-rated bonus earned (Your 2008
        target bonus being 40% of base salary) during you period of employment in
        calendar year 2008, calculated in accordance with the method for determining
        bonuses for other similarly situated employees (it being understood that
        the
        amount may be zero) and paid in accordance with the normal procedures of
        the
        Company.&#160;&#160;The parties agree that the monies and benefits set forth in
        this provision 3 constitute additional consideration, above and beyond anything
        to which You are already entitled, in exchange for You executing this
        Agreement.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Waiver
        and Release of All Claims</u></strong>.&#160; In exchange for the consideration
        described in Paragraphs 2(a) and 3, You, on behalf of Yourself, Your agents,
        executors, attorneys, administrators, heirs and assigns, are waiving and
        releasing all known or unknown claims or causes of action against CEC, its
        divisions, subsidiaries, affiliates and predecessors, and each of their assigns,
        successors, officers, directors, employees, shareholders and agents
        (collectively, &#8220;the Releases&#8221;), which claims have or could have arisen out of
        Your employment with and/or termination of employment from CEC and/or any
        other
        occurrence whatsoever arising on or before the date this Agreement is executed,
        including but not limited to:</font></div>
      <div><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  arising under Title VII of the Civil Rights Act of 1964, as amended,
                  the
                  Civil Rights Act of 1991, the Equal Pay Act, the Americans with
                  Disabilities Act of 1990, the Family and Medical Leave Act of 1993,
                  the
                  Age Discrimination in Employment Act of 1967, as amended, Section
                  1981 of
                  the Civil Rights Act of 1866, the Pregnancy Discrimination Act,
                  the
                  Employee Retirement Income Security Act, as amended, the National
                  Labor
                  Relations Act, and/or any other federal, state, county, or local
                  employment discrimination or civil rights laws or regulations (including
                  but not limited to claims based on race, color, creed, sex, national
                  origin, religion, age, ancestry, veteran status, pregnancy, disability,
                  marital status, sexual orientation, gender identity, familial status,
                  whistleblower status, retaliation and/or attainment of benefit
                  plan
                  rights); and/or</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  arising out of any other federal, state, or local statute, law,
                  constitution, ordinance or regulation;
                  and/or</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  that CEC has violated its personnel policies, procedures, handbooks,
                  any
                  covenant of good faith and fair dealing, or any express or implied
                  contract of any kind; and/or</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  of a violation of public policy, statutory or common law, including
                  but
                  not limited to claims for: personal injury; invasion of privacy;
                  retaliatory discharge; negligent hiring, retention or supervision;
                  defamation; intentional or negligent infliction of emotional distress
                  and/or mental anguish; intentional interference with contract;
                  negligence;
                  detrimental reliance; loss of consortium to you or any member of
                  your
                  family; and/or promissory estoppel;
                  and/or</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  that CEC is in any way obligated for any reason to pay You damages,
                  expenses, litigation costs (including attorneys&#8217; fees), back pay, front
                  pay, disability or other benefits (other than accrued 401(k) or
                  vacation
                  benefits), compensatory damages, punitive damages, and/or interest,
                  and/or</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 108pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">claims
                  to employment, reinstatement, or seniority with
                  CEC.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">You
        represent that you have not commenced or joined in any claim, charge, action
        or
        proceeding whatsoever against CEC or any of the other Releases, arising out
        of
        or relating to any of the matters set forth in this Agreement. You further
        agree
        that You will not be entitled to any personal recovery in, and shall not
        commence or join, any action or proceeding whatsoever against CEC or any
        of the
        Releases for any of the matters set forth in this Agreement. You acknowledge
        that other than as set forth in provisions 2(a) and 3 above, the Company&#8217;s
        obligations under the Agreement are in lieu of and in full satisfaction of
        any
        and all amounts that might otherwise be payable to You or for Your benefit
        under
        any contract, agreement, plan, policy, program, practice or otherwise, past
        or
        present, of the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">You
        further acknowledge that, other than the Company&#8217;s obligations under this
        Agreement, following the Separation Date, the Company shall have no further
        obligations to You, and that You shall have no right to any other payments
        or
        benefits from the Company with respect to Your employment with the Company
        or
        the termination thereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Exclusions
        from Waiver and Release of All Claims</u></strong>.&#160;&#160;Excluded from the
        above Waiver and Release of All Claims are any claims which by law cannot
        be
        waived, including but not limited to the right to file a charge with or
        participate in an investigation by the Equal Employment Opportunity Commission
        (&#8220;EEOC).&#160;&#160;You do, however, hereby waive any right to recover any money
        should the EEOC or any other agency or individual pursue any claims on Your
        behalf.&#160;&#160;In addition, the above Waiver and Release of Claims will not
        be construed to affect (i) Your eligibility to receive continuation coverage
        in
        the Company&#8217;s medical plan(s) following the Separation Date pursuant to the
        Sections 601 through 608 of ERISA, provided that You timely elect such coverage,
        (ii) Your right to benefits under the Company&#8217;s 401(k) plan to the extent that
        You are vested therein as of the Separation Date, (iii) Your rights to
        indemnification under the Company&#8217;s certificate of incorporation or bylaws of
        the Company or any existing Indemnification Agreement between You and the
        Company, (iv) rights to workers compensation, disability insurance benefits
        and
        life insurance benefits (to the extent such benefits, by their terms, may
        be
        available after the Separation Date), (v) rights to vested benefits under
        the
        Company&#8217;s deferred compensation plan, and (vi) claims to enforce this
        Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Non-Competition,
        Non-Solicitation and Confidential
        Information</u></strong><strong>.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-Competition</u>.&#160;Commencing
        on the Separation Date and for thirty-two (32) weeks thereafter, You will
        not
        own or engage in, either directly or indirectly, as an officer, manager,
        employee, independent contractor, consultant, director, partner, sole
        proprietor, stockholder, or in any other capacity, any business operating
        any
        post-secondary, private trade or vocational schools, that offers classes,
        courses or instruction in or is otherwise engaged in any curriculum or field
        of
        study offered by any of the schools operated by the Company (the &#8220;Schools&#8221;) or
        any other curriculum or field of study that the Company has expressed an
        interest in offering, during Your employment by the Company, whether through
        the
        Schools or through a potential acquisition (the &#8220;Competitive
        Activities&#8221;).&#160;&#160;You hereby acknowledge that the Company intends to
        promote the Schools on an international basis and that the geographical scope
        of
        this Agreement is intended to encompass all Competitive Activities engaged
        in
        anywhere in the United States, its possessions and territories and any other
        country where the Company and its subsidiaries are promoting the Schools
        on the
        Separation Date. Nothing herein shall prevent You from owning less than two
        percent (2%) of the capital stock of a company whose stock is publicly traded
        and that is engaged in Competitive Activities.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-Solicitation</u>.
        Commending on the Separation Date and for thirty-two (32) weeks thereafter,
        You
        will not, directly or indirectly, individually or on behalf of any Person
        (as
        defined below) solicit, aid or induce (a) any then-current employee of the
        Company or its Affiliates to leave the Company or its Affiliates to accept
        employment with or render services for You or such Person, or (b) any student,
        customer, client, vendor, lender, supplier or sales representative of the
        Company or its Affiliates or similar persons engaged in business with the
        Company or its Affiliates to discontinue the relationship or reduce the amount
        of business done with the Company or its Affiliates. &#8220;Person&#8221; means any
        individual, a partnership, a corporation, an association, a limited liability
        company, a joint stock company, a trust, a joint venture, an unincorporated
        organization, a governmental entity, or any department, agency or political
        subdivision thereof, or an accrediting body. &#8220;Affiliate&#8221; means: (i) with respect
        to any natural Person, any individual related by blood or marriage to such
        Person; and (ii) with respect to any other Person, any Person controlling,
        controlled by or under common control with such Person.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Confidential
        Information</u>.&#160;You acknowledge and agree that throughout and as an
        incident to Your employment by the Company, You have been in possession of
        and
        exposed to Confidential Information relating to the Company, its Affiliates
        and
        each School. &#8220;Confidential Information&#8221; means all proprietary or confidential
        information concerning the business, finances, financial statements, curricula,
        properties and operations of the Company, its Affiliates and each School,
        including, without limitation, all student and prospective student and supplier
        lists, know-how, trade secrets, business and marketing plans,&#160;techniques,
        forecasts, projections, budgets, unpublished financial statements, price
        lists,
        costs, computer programs, source and object codes, algorithms, data, and
        other
        original works of authorship, along with all information received from third
        parties&#160;and held in confidence by the Company, its Affiliates and each
        School (including, without limitation, personnel files and student records).
        At
        all times after the Separation Date, You will hold the Confidential Information
        in the strictest confidence and will not disclose or make use of (directly
        or
        indirectly) the Confidential Information or any portion thereof to or on
        behalf
        of Yourself or any third party except as required by the order of any court
        or
        similar tribunal or any other governmental body or agency of appropriate
        jurisdiction; <u>provided</u>, that You will, to the extent practicable, give
        the Company prior written notice of any such disclosure and will cooperate
        with
        the Company in obtaining a protective order or such similar protection as
        the
        Company may deem appropriate to preserve the confidential nature of such
        information. The foregoing obligations to maintain the Confidential Information
        shall not apply to any Confidential Information that is, or without any action
        by You becomes, generally available to the public.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Acknowledgements</u>.
        You fully understand the nature and burdens of this provision 6.&#160;&#160;You
        acknowledge that the provisions of this provision 6 are fair, reasonable,
        and
        not excessively broad, that they are necessary to protect important and
        legitimate business interests of the Company, its Affiliates and each School,
        and that in light of Your education, experience, and capabilities, You can
        honor
        all parts of this provision&#160;6&#160;without being prevented from earning a
        fully adequate livelihood for Yourself and Your dependents from now throughout
        any period during which Your activities are restricted hereunder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.5</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Scope
        of Restriction</u>.&#160;The parties have attempted to limit the scope of the
        covenants set forth in this provision 6 to the extent necessary to give the
        Company the benefit of its bargain with respect to the other provisions of
        this
        Agreement. The parties agree that if the scope and duration of any of the
        covenants would, but for this provision, be deemed by a court of competent
        authority to be unreasonable or otherwise unenforceable, such court may modify
        such covenant(s) to the extent that the court determines to be necessary
        to
        grant enforcement thereof as modified.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.6</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;<u>Remedies</u>.&#160;The
        parties recognize that the Company will suffer irreparable injury in the
        event
        of any breach or threatened or anticipated breach of the terms of this provision
        6 by You, and that the remedy at law for any such actual breach or threatened
        or
        anticipated breach will be inadequate. Accordingly, in the event of any breach
        or threatened or anticipated breach of the terms of this provision 6 by You
        and/or any Persons acting for or in concert with You, the Company will be
        entitled, in addition to any other remedies and damages available and without
        proof of monetary or immediate damage, to seek and obtain from any court
        of
        competent jurisdiction a decree of specific performance and a temporary and
        permanent injunction, without bond or other security, enjoining and restricting
        the breach or threatened or anticipated breach.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Common
        Law of Torts or Trade Secrets</u>. The parties agree that nothing in this
        Agreement will be construed to limit or negate the common law of torts or
        trade
        secrets where it provides the Company with broader protection than that provided
        herein.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Non-Admission</u></strong>.&#160;&#160;Both
        parties acknowledge that this Agreement does not constitute an admission
        by
        either party of any liability, wrongdoing or violation of law
        whatsoever.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Company
        Property</u></strong>.&#160;&#160;You represent, warrant and covenant that You
        have returned to the Company (or will return to the Company on or before
        the
        Separation Date) all Company property in Your possession or control, including,
        without limitation, all telephones, keys, access cards, security badges,
        credit
        cards, phone cards, equipment, computer hardware (including but not limited
        to
        all computers, Blackberry devices, and personal data assistants), all contents
        of all such hardware, all passwords and codes needed to obtain access to
        or
        operate all or part of any such hardware, all electronic storage devices
        (including but not limited to all hard drives, disk drives, diskettes, CDs,
        CD-ROMs, DVDs, and DVD-ROMs), all contents of all such electronic storage
        devices, all passwords and codes needed to obtain access to or use all or
        part
        of any such electronic storage device, all computer software and programs,
        financial information, accounting records, computer printouts, manuals, data,
        materials, papers, books, files, documents, records, policies, student
        information and lists, customer information and lists, marketing information,
        specifications and plans, data base information and lists, mailing lists,
        and
        notes, including but not limited to any property describing or containing
        any
        Confidential Information, and You agree that You will not retain any
        cop&#173;ies, dupli&#173;cates, reproductions or excerpts thereof in any form
        whatsoever.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Indemnity
        and Cooperation</u></strong>.&#160;&#160;In the event of a lawsuit or claim in
        which You are sued either jointly or separately for acts arising out of the
        scope of Your employment with CEC, CEC agrees to defend You and hold You
        harmless in accordance with its policies and practices for defending employees
        and subject to any limitations and exceptions therein.&#160;&#160;In turn, with
        respect to matters as to which You obtained knowledge during Your employment
        with the Company, You agree to cooperate fully, at the Company&#8217;s reasonable
        request, with the Company and any of its officers, directors, attorneys or
        employees (a) in connection with the defense or prosecution of any and all
        charges, complaints, claims, liabilities, obligations, promises, agreements,
        demands and causes of action of any nature whatsoever, which are asserted
        by any
        person or entity (including the Company) concerning or related to any matter
        that arises out of or concerns events or occurrences during Your employment
        with
        the Company, and (b) concerning requests for information about the business
        of
        the Company or Your involvement and participation therein. You will provide
        such
        cooperation on reasonable notice.&#160;&#160;To the extent such cooperation (i)
        is rendered at the written request of the Company and (ii) does not include
        testimony given pursuant to a lawfully issued and valid subpoena or notice
        of
        deposition (as opposed to preparation for testimony with employees of the
        Company or counsel to the Company), You will be entitled to compensation
        at a
        rate of $150 per hour.&#160;&#160;You will also be entitled to reimbursement,
        upon receipt by the Company of suitable documentation, for reasonable and
        necessary travel and other expenses not reimbursed or reimbursable by a third
        party that You may incur at the specific request of the Company and as approved
        in advance by the Company in accordance with its policies and
        procedures.&#160;&#160;Nothing in this provision 9 should be construed as
        suggesting or implying that You should testify in any way other than truthfully
        or provide anything other than accurate, truthful information.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Non-Disparagement</u></strong>.&#160;&#160;You
        agree that You will not disparage or speak negatively about CEC or any school
        affiliated with CEC, or any former or present Company director, officer,
        shareholder, agent, employee, or student, to any third parties, including
        but
        limited to the press, the media or the public generally, or to any current,
        former or prospective employee or student of CEC, except if testifying
        truthfully under oath pursuant to any lawful court order or subpoena or
        otherwise responding to or providing disclosures required by
        law.&#160;&#160;Likewise, CEC agrees that its executive officers and directors
        shall not disparage the You to third parties in any manner likely to be harmful
        to Your personal or business reputation, except if testifying truthfully
        under
        oath pursuant to any lawful court order or subpoena or otherwise responding
        to
        or providing disclosures required by law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Deadline
        for Return of Signed Agreement</u></strong>.&#160;&#160;The signed Agreement
        must be returned via U.S. mail or facsimile within thirty (30) days of the
        Separation Date to:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>Harry
        L. Geller</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>Senior
        Vice President of Human
        Resources</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>Career
        Education
        Corporation</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>2895
        Greenspoint Parkway</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>Hoffman
        Estates, Illinois
        60169</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>(FAX)
        847-585-2062</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font>(TEL)
        847-585-2022</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Entire
        Agreement</u></strong>.&#160;&#160;This Agreement constitutes the entire
        agreement between CEC and You concerning your separation, and it supersedes
        and
        replaces all prior negotiations and all agreements proposed or otherwise,
        whether written or oral, concerning the subject matters of the
        Agreement.&#160;&#160;You represent and agree that no promises, statements or
        inducements have been made to You that caused You to sign this Agreement
        other
        than those which are expressly stated in this Agreement.&#160;&#160;This is an
        integrated document and may not be altered except by a written agreement
        signed
        by both parties.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Separability</u></strong>.&#160;&#160;If
        any portion of this Agreement is found to be unenforceable, the remainder
        of the
        Agreement will remain in full force and effect.&#160;The provisions of this
        Agreement shall be deemed severable and the invalidity, illegality or
        unenforceability of any provision shall not affect or impair the validity,
        legality or enforceability of the other provisions hereof. Moreover, if any
        one
        or more of the provisions of this Agreement shall be held to be excessively
        broad as to duration, activity or subject, such provision shall be construed
        by
        limiting and reducing them so as to be enforceable to the maximum extent
        allowed
        by applicable law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong><u>Choice
        of Law</u></strong>.&#160;&#160;All issues and questions concerning the
        construction, validity, enforcement and interpretation of this Agreement
        and all
        its attachments will be governed by and construed in accordance with the
        laws of
        the State of Illinois, without giving effect to any choice of law or conflict
        of
        law rules or provisions (whether of Illinois or any other jurisdiction) that
        would cause the laws of any other jurisdiction other than the State of Illinois
        to apply.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">WHEREFORE,
        You agree that You have read and voluntarily entered into this Agreement
        with
        full knowledge of its significance.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 252pt;"></font>Career
        Education
        Corporation</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>/s/
        Stephen C.
        Fireng</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By:
<u>/s/ Gary E. McCullough</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Stephen
        C.
        Fireng&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Gary
        E. McCullough</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date:
        March 11,
        2008&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;President
&amp; Chief Executive Officer</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 252pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date:
        March 13, 2008</font></div>
      <div><br></div><br>
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