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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Employment Agreement Amendment

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT | Document Parties: PRG SCHULTZ INTERNATIONAL INC | JAMES B. MCCURRY You are currently viewing:
This Employment Agreement Amendment involves

PRG SCHULTZ INTERNATIONAL INC | JAMES B. MCCURRY

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Title: FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Date: 3/23/2006
Industry: Business Services     Sector: Services

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT, Parties: prg schultz international inc , james b. mccurry
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                     FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     This First Amendment to Employment Agreement (this "Amendment") is entered
into as of December 9, 2005, among PRG-SCHULTZ USA, INC., a Georgia corporation
(the "Company"), PRG-SCHULTZ INTERNATIONAL, INC., a Georgia corporation that
owns all of the capital stock of the Company ("PRGX"), and JAMES B. MCCURRY
("Executive").

     The parties to this Amendment hereby agree to amend the Employment
Agreement by and among the Company, PRGX, and Executive, dated July 25, 2005
(the "Agreement"), as set forth herein.

     1. Section 6(c)(1) is hereby deleted and the following new Section 6(c)(1)
is inserted in lieu thereof:

     "(1) a lump sum payment equal to either (i) in the event the Employment
Period ends prior to the date that is 16 months after the Effective Date, 0.125
times the number of months in the Employment Period multiplied by Executive's
Average Annual Compensation (as defined below) (provided, however, that if the
Termination without Cause or Termination for Good Reason occurs after a Change
in Control, then the amount of the lump sum payment shall be equal to the amount
provided in subclause (ii) of this subparagraph (c)(1) notwithstanding the date
the Employment Period ends), or (ii) in the event the Employment Period ends on
or after the date that is 16 months a


 
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