Exhibit 10.1
AMENDMENT TO HUDSON HIGHLAND
GROUP EXECUTIVE EMPLOYMENT AGREEMENT
This Agreement (the
“Agreement”) is made effective as of November 20,
2008 by and between Hudson Highland Group, Inc. (the
“Company”) and Don Bielinski (the
“Executive”).
WHEREAS, the Company and Executive
have entered into that certain Hudson Highland Group Executive
Employment Agreement dated December 31, 2005 (the
“Employment Agreement”);
WHEREAS, the Company and Executive
desire to amend the Employment Agreement to reflect the current
terms of the Executive’s employment with the
Company.
NOW, THEREFORE, it is hereby agreed
that:
|
1.
|
Section 1
of the Employment Agreement is hereby restated in its entirety to
read:
|
Employment
. The Company will employ the
Executive and the Executive accepts employment as Senior Vice
President, Corporate through December 31, 2008 (the
“Termination Date”) in a position with the duties of
assisting in the management transition for Hudson Australia/New
Zealand and oversight of the Company’s global legal practice.
Effective November 1, 2008 (the “Transition
Date”), Executive shall resign from his position as Chairman,
Hudson Asia-Pacific. Effective on the Termination Date, Executive
shall resign from his position as Senior Vice President, Corporate
and from all other officer and director positions he holds with the
Company or any of its affiliates. The Executive shall execute such
documents as are requested by the Company or any of its affiliates
as are necessary or desirable to effect such resignation(s). The
Executive will perform duties normally associated with his
respective positions through the Termination Date and/or other
duties as may be assigned from time to time through the Termination
Date. The Executive shall perform such duties in a manner
consistent with applicable laws and regulations and any code of
ethics, compliance manual, employee handbook or other policies and
procedures adopted by the Company from time to time and subject to
any written directives issued by the Company from time to time. The
Executive must acknowledge receipt of the Company’s Ethics
Policy and confirm that the Executive will comply with the
Policy.
|
2.
|
Section 2
of the Employment Agreement is hereby restated in its entirety to
read:
|
Term of Employment
. The Executive’s employment
under this Agreement will commence on December 31, 2005 (the
“Commencement Date”) and will end on the Termination
Date.
|
3.
|
Section 4(a) of the Employment Agreement is
amended by adding the following sentence to the end
thereof:
|
From May 1, 2008 through the
Transition Date, and while this Agreement remains in effect, the
Executive is entitled to receive an additional monthly salary of US
$10,000. Any amounts that are due for periods preceding the date
this amendment is effective shall be paid in a lump sum, without
interest thereon, promptly following the date this Agreement
becomes effective, subject to any irrevocable deferral election
then in effect. After the Transition Date and through the
Termination Date, the Executive shall be paid a monthly salary of
US $22,917.
|
4.
|
Section 4(c) of the Employment Agreement is
hereby restated in its entirety to read:
|
(c) Provided the Executive remains
employed through the Termination Date, the Executive will be paid
after the Termination Date (as soon
