Exhibit 10.20.1




 




First Amendment to Amended and Restated


Employment Agreement, between the Company and Richard Miller




 




FIRST

AMENDMENT TO AMENDED AND




RESTATED

EMPLOYMENT AGREEMENT




 




                THIS

FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated as of the

21st day of June 2001 (the “First Amendment”), between OPUS360 CORPORATION, a

Delaware corporation (the “Company”) and RICHARD S. MILLER (the “Employee”)

amends that certain Amended and Restated Employment Agreement dated as of

February 2, 2000 between the Company and the Employee (the “Original Agreement

and, as amended by this First Amendment, the “Agreement”).




 




WHEREAS, the Company and the

Employee entered into the Original Agreement in order to establish the terms

and conditions of Employee’s employment with the Company; and




 




WHEREAS, the Company and the

Employee desire to make certain amendments to the Original Agreement.




 




NOW THEREFORE, in

consideration of the covenants contained herein and other good and valuable

consideration, the receipt and sufficiency of which is hereby acknowledged, the

Company and the Employee hereby agree as follows:




 




Section 1.               Definitions.




 




                All

capitalized terms used and not defined herein shall have the meanings ascribed

to such terms in the Original Agreement.




 




Section 2.               Termination

of Employment.  Employee’s

employment with the Company shall terminate by mutual agreement of the Company

and Employee effective June 30, 2001 (the “Termination Date”).  Notwithstanding the fact that termination of

Employee’s employment is by mutual agreement, Employee shall be entitled to the

benefits set forth in Section 10(c) hereof as modified hereby.




 




Section 3.               Effect

of Termination.  Section 10(c) of

the Original Agreement is hereby amended to read as follows:




 




“(c) Termination Without Cause or With Good Reason. Upon the termination

of the Employee’s employment hereunder pursuant to a Termination Without Cause

or With Good Reason, neither the Employee nor his beneficiary or estate shall

have any further rights or claims against the Company under this Agreement

except the right:




 




 




 





























 




                                (i) to receive the payments and

benefits, if any, equal to those provided for in Section 10(a) hereof;




 




                                (ii) to receive Monthly Severance,

for a period commencing on the Termination Date and ending on August 31, 2002;

provided, however, that the Employee will not be entitled to any such payments

in the event that the Employee becomes employed by another entity during the

period that such payments would otherwise be due;




 




                                (iii) to become fully vested in all

of the Options and any other stock options and equity awards granted to the

Employee during the Employment Period, which Options and other options shall

vest according to their original schedule as if the Employee’s employment

hereunder had continued until all such Options and other options had fully

vested, and all such Options and other options shall be exercisable by the

Employee for their full remaining term; and




 




                                (iv) to receive all benefits pursuant

to Section 5(c) above for a period commencing on the Termination Date and

ending on August 31, 2002; provided, however, that the Employee will not be

entitled to any such benefits in the event that the Employee becomes employed

by another entity during the period that such benefits would otherwise be due.”




 




Section 4.               Ratification.




 




                Except

as expressly modified hereby, the Original Agreement is hereby ratified and

approved in its entirety.




 




 




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Section 5.               Effective

Date.




 




                The

effective date of this Agreement shall be the later of the date first written

above or the date of approval of the Compensation Committee in accordance with

Section 3 hereof.




 




                IN

WITNESS WHEREOF, the parties hereto have executed this First Amendment as of

the date first above written.




 




 




	

  OPUS360 CORPORATION


  
	

   


  
	

  By:


  	

  /s/ Ari Horowitz


  
	

  Name: Ari Horowitz


  
	

  Title:  Chairman and CEO


  
	

   


  
	

  /s/ Richard S. Miller


  
	

  RICHARD S. MILLER


  





 




 




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