Exhibit
10.1
AMENDMENT TO EMPLOYMENT
AGREEMENT
THIS
AMENDMENT, dated as of the 15th day of December, 2008, is by and
between SPHERION CORPORATION, a Delaware corporation (hereinafter
referred to as the " Company "), and Roy G. Krause
(hereinafter the " Executive ").
RECITALS
A. The Executive
currently serves as the Company's Chief Executive Officer, and his
services and knowledge are valuable to the Company in connection
with the management of its business.
B. The Company and
the Executive are parties to that certain Employment Agreement
dated May 7, 2001, as amended May 7, 2002, November 30, 2003,
October 6, 2004, and March 9, 2005, (the " Employment
Agreement" ).
C. The Company and
the Executive desire to amend the Employment Agreement to conform
with the requirements of the final regulations under Code Section
409A upon the terms and subject to the conditions hereinafter set
forth.
TERMS AND
CONDITIONS
1.
The final paragraph of Section 8(c) is amended to read as
follows:
The payment of the severance payment provided
under Section 8(c)(i) as well as any and all payments and benefits
provided by the Company to the Executive under this Agreement shall
be conditioned on the following: (i) Executive's continued
compliance with the non-competition and confidentiality provisions
contained herein: (ii) the Executive's timely execution and
delivery of a full release and settlement of any and all claims
against the Company; and (iii) the Executive's timely execution and
delivery of a
