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                                                                   Exhibit 10.15

                        Voluntary Resignation Agreement

Young America Corporation ("YAC"), Young America Holdings, Inc. ("YAH") and 
Ludwik Joseph Kulas ("Employee"), hereby agree to the following:

1. Employee hereby confirms his resignation of employment with YAC and YAH
   effective December 4, 1998 ("Termination Date"). He will cease to work
   full-time October 30, 1998 ("Day Last Worked") but continue to be available
   if, as and when needed through December 4, 1998. YAC and YAH are aware that
   Employee will be unavailable from October 31 through November 7, 1998. YAH,
   YAC and Employee will jointly announce Employee's resignation and Day Last
   Worked on October 16, 1998.

2. YAC will continue to compensate Employee at present level of compensation
   through Termination Date and participation in all health and benefit programs
   through December 31, 1998. On Day Last Worked, YAC will pay Employee for the
   accrued unused portion of Employee's SMPTO as of that date. Employee will no
   longer accrue SMPTO nor will YAC charge Employee with any usage of SMPTO from
   Day Last Worked through Termination Date.

3. YAH will repurchase and Employee will sell, all of the outstanding stock
   issued by YAH owned by Employee, for $60,000. The payment for repurchase of
   such stock by YAH and the surrender of the appropriate stock certificate will
   be made on Day Last Worked.

4. The parties hereby agree that this Agreement supersedes all previous
   agreements. (Employment Agreement, Change of Control Agreement, Stockholder's
   Agreement, Etc.) by and between Employee and either YAH or YAC and voids any
   and all provisions thereof.

5. YAC will cooperate with Employee to assure Employee receives all payments to
   which Employee is entitled under YAC's 401k/Profit Sharing Plan.

6. YAH and YAC understand the Employee will be taking time between now and the
   Termination Date to seek a future position. YAH and YAC will not impede
   Employee from this activity, and the parties to this Agreement agree to work
   to insure a smooth transition.

7. Employee agrees that he will not make any public statements (including any
   statements to the press or YAC's bondholders, whether or not in response to
   any inquiry) about YAH or YAC, or any of their equity holders, directors,
   officers or employees without the consent of Mr. Charles Weil. Employee
   further agrees that he will not make any disparaging or negative statements,
   whether public or private, about any of the aforementioned parties.

8. Employee agrees to be reasonably available as a consultant to YAH and YAC
   from the Termination Date through April 30, 1999, when, as and if requested
   by them at an hourly rate equal to his currently weekly salary divided by 40
   (plus reimbursement of all reasonable, documented out-of-pocket expenses).
   Employee may perform such services off-site and off-hours, to the extent
   necessary to avoid conflicting with other professional or personal
   obligations and duties.

Signed this 1st day of October, 1998


Young America Corporation
Young America Holdings, Inc.                  Employee


/s/ Charles D. Weil                           /s/ Ludwik Joseph Kulas
- --------------------------------------        ---------------------------------
By: Charles Weil, President                   Ludwik Joseph Kulas