AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT is made as of the 1st day of
January, 1999 by and between RIGHT MANAGEMENT CONSULTANTS, INC., a Pennsylvania
corporation and XXXXXXX X. XXXXXX.
WHEREAS, the Company and Employee entered into an employment agreement
as of December 12, 1995 (the "1995 Employment Agreement") which replaced an
earlier employment entered into as of July 1, 1992. Pursuant to these two
earlier agreements, Employee has been continuously employed by the Company since
July 1, 1992. Defined terms used herein, shall have the same meaning as ascribed
to them in the 1995 Employment Agreement, unless the context herein requires a
different interpretation.
WHEREAS, the Company desires to continue the employment of Employee, in
accordance with the terms of the 1995 Employment Agreement, except as modified
herein, and Employee desires to accept such employment.
NOW, THEREFORE, in consideration of the facts, mutual promises and
covenants contained in the 1995 Employment Agreement and herein, and intending
to be legally bound hereby, Company and Employee agree as follows:
1. Term. Term of Employee's employment with Company shall be extended for a
three (3) year period commencing as of January 1, 1999 and continuing up to and
through December 31, 2001.
2. Base Salary. The base salary provided for in Section 4(a) of the 1995
Employment Agreement is amended from Four Hundred and Fifty Thousand Dollars
($450,000) to Five Hundred and Thirty Thousand Dollars ($530,000). The
corresponding references to Four Hundred and Fifty Thousand Dollars ($450,000)
in Sectopm 3(c) (regarding Change of Control) and Section 6(a) regarding
Severance Compensation) are amended from Four Hundred and Fifty Thousand Dollars
($450,000) to Five Hundred and Thirty Thousand Dollars. ($530,000).
3. Deletion of Section 13. Sections 13 of 1995 Employment Agreement relating to
Travel is deleted in its entirety; and Sections 14 (Company Property); 15 (Prior
Agreements); and 16 (Miscellaneous) are changed respectively to be numbered
Sections 13, 14 and 15.
4. Definition of Company's Business Activities. The definition of Company's
Business Activites for purposes of Section 9 of the 1995 Employment Agreement is
hereby amended to read as follows:
For purposes of this Section 9, Company's business activities shall
include, without limitation, the following: corporate outplacement,
human resource consulting, and career consulting for employees,
including spouse placement, career assessment, second career planning,
and career options planning, career development, and consulting on the
subjects of termination, severance policies, and retirement planning,
reporting, evaluation, advisory, and communications services, and other
human resources consulting and personnel services to client
organizations; and any other such products, programs, and services as
Company may hereafter commence marketing in the area of human resource
consulting.
5. Ratification In All Other Respects. The 1995 Employment Agreement is hereby
ratified and affirmed.
IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement as of the date first above written.
RIGHT MANAGEMENT CONSULTANTS, INC.
By: /S/ XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx, Vice Chairman
EMPLOYEE
/S/ XXXXXXX X. XXXXXX
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Xxxxxxx X. Xxxxxx
