SECOND AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE COMPANY & PAUL REILLY
Published on July 22, 2003
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This SECOND AMENDMENT (this Amendment) TO THE EMPLOYMENT AGREEMENT dated as of May 24, 2001, as amended as of December 1, 2001 (the Agreement) is made and entered into as of July 1, 2003, by and between KORN/FERRY INTERNATIONAL, a Delaware corporation with its principal offices in Los Angeles, California (the Company), and PAUL C. REILLY, an individual (the Executive).
A. Amendment to Term of Employment. Section 2 is hereby amended and restated to read in its entirety as follows:
Term of Employment. Executives employment under this Agreement will begin on June 30, 2001 and will continue for
an initial term ending June 30, 2006 (the Initial Term). At the end of the Initial Term, this Agreement will be
automatically renewed for successive three-year periods, until the first June 30th following the date on which Executive
reaches age 65, at which time the term will expire, provided, however, that either the Company or the Executive may
terminate this Agreement at the end of the Initial Term or any subsequent three-year extension to the Initial Term by
delivering to the other party at least 60 days prior written notice of its election not to renew this Agreement. (In this
Agreement, the delivery of such a notice shall be referred to as a failure to renew the Agreement.).
B. No Other Modification. Except as specifically modified herein, the remaining terms and provisions of the Agreement shall be and remain in full force and effect in accordance with their terms. Any reference in the Agreement pertaining to any time from and after the effective date of this Amendment shall be deemed a reference to the Agreement as modified and amended hereby.
C. Entire Agreement. This Amendment contains the entire understanding and agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect thereto.
D. Counterparts. This Amendment may be executed in two or more counterparts with the same effect as if all parties had signed the same document. All such counterparts shall be deemed an original, shall be construed together and shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.
|Charles D. Miller,
|Chair of the Compensation Committee
PAUL C. REILLY