Exhibit 10.1
CDI CORP.
Amendment To Employment
Agreement
This is an amendment
(“Amendment”) to the Employment Agreement entered into
as of the 1st day of January, 2008 between CDI Corp., a
Pennsylvania corporation (the “Company”), and Roger H.
Ballou (“Executive”). This Amendment is effective as of
March 19, 2009.
Background
In view of the serious deterioration
in global economic conditions that is projected to continue through
2009, the parties wish to adjust the measures used in determining
the number of shares of Performance-Contingent Deferred Stock
(“PCDS”) which Mr. Ballou can earn based on the
Company’s performance in 2009. Specifically, the parties
desire to reduce the level of pre-tax profit (“PTP”)
that the Company must achieve in order for Mr. Ballou to earn
PCDS and to reduce the dollar value of PCDS earned by
Mr. Ballou.
Agreement
Accordingly, for good and valuable
consideration, the receipt and sufficiency of which is acknowledged
by each party, and intending to be legally bound, the parties agree
as follows:
The Year 2009 section of the chart
that appears on Exhibit C to the Employment Agreement is changed as
follows:
Current 2009 Section of the
Exhibit C Chart :
