EX-10.3


 Exhibit 10.3 

Your Name: «First» «Last» 

Total No. of Restricted Stock Units: 

«Restricted_Stock» 

PRGX RESTRICTED STOCK UNIT AGREEMENT 

FOR NON-EMPLOYEE DIRECTORS 
 PRGX
GLOBAL, INC. (“PRGX”) is pleased to grant to the person signing below (“you” or “Participant”) the Restricted Stock Units described below under the PRGX Amended and Restated 2008 Equity Incentive Plan (the
“Plan”). 
  

					
	Stock Subject to Grant:	  	Common Stock, no par value per share	  	
	Grant Date:	  	June 23, 2014	  	

 Vesting: Subject to the Plan and this Agreement, one-hundred percent (100%) of the Restricted Stock Units will
become vested and payable on the earlier of (i) June 23, 2015 or (ii) the date of, and immediately prior to, the 2015 annual meeting of PRGX’s shareholders, provided you have been continuously serving as a member of the Board
from the Grant Date until the earlier of such times. 
 Dividend and Voting Rights: Before the Restricted Stock Units become vested and Common Stock
is paid, you will not have any voting rights with respect to the Common Stock to which the Restricted Stock Units relate. However, you will have the right to receive dividends and distributions on any shares of Common Stock subject to your
Restricted Stock Units as if you owned the shares of Common Stock to which the Restricted Stock Units relate. 
 The Additional Terms and Conditions and
the Plan described below are incorporated in this Agreement by reference and contain important information about your Restricted Stock Units. Copies of these documents are being provided to you in connection with this Agreement. Please review them
carefully and contact PRGX Human Resources if you have any questions. 
 Additional Terms and Conditions describes the terms of your Restricted
Stock Units, what happens if you cease to serve as a director of PRGX before your Restricted Stock Units become vested and where to send notices; and 

The Plan contains the detailed terms that govern your Restricted Stock Units. If anything in this Agreement or the other referenced documents is
inconsistent with the Plan, the terms of the Plan, as amended from time to time, will control. All terms used herein that are not identified herein but that are defined in the Plan have the same meaning given them in the Plan. 

Deferral Election: You may elect to have all or a portion of the shares of Common Stock to be delivered to you upon payment of your Restricted Stock
Units deferred under the PRGX Global, Inc. Deferred Compensation Plan for Non-Employee Directors (the “Deferred Compensation Plan”) in accordance with the procedures set forth therein. 

Please sign in the space provided below, keep a copy of this Agreement for your records, and return both originals to PRGX Human Resources. 

 

							
	Participant:	 		 	PRGX GLOBAL, INC.
				
	  
	 		 	By:	 	  

	Print Your Name:	 		 	Name:	 	  

	Your Residence Address:                                
                          	 		 	Its:	 	  

	  
	 		 		 	







 ADDITIONAL TERMS AND CONDITIONS OF YOUR RESTRICTED STOCK UNITS 

PLAN ADMINISTRATION. 
  

	 	•	 	The Plan is administered on behalf of the Committee by the Plan administrator. The Plan administrator is responsible for assisting you with respect to your Restricted Stock Units and maintaining the records of the Plan.
If you have questions about your Restricted Stock Units or how the Plan works, please contact the Plan administrator at Plan.Administrator@prgx.com or (770) 779-3287. 


 

	 	•	 	Except as provided herein and in the Plan, the Restricted Stock Units are non-transferable. The Restricted Stock Units may be transferred by will or the laws of descent and distribution and, notwithstanding the
foregoing, during the Participant’s lifetime may be transferred by the Participant to any of the Participant’s “family members” (as such term is defined in the general instruction to the Form S-8 Registration Statement under the
Securities Act of 1933). Any such transfer will be permitted only if (i) the Participant does not receive any consideration for the transfer and (ii) the Plan administrator expressly approves the transfer. Any transferee to whom the
Restricted Stock Units are transferred shall be bound by the same terms and conditions, including with respect to vesting, that govern the Restricted Stock Units in the hands of the Participant; provided, however, that the transferee may not
transfer the Restricted Stock Units except by will or the laws of descent and distribution. No right or interest of the Participant or any transferee in the Restricted Stock Units shall be subject to any lien, obligation or liability of the
Participant or any transferee. 

  

	 	•	 	As soon as administratively practicable (and within 30 days) after the Restricted Stock Units become vested, the Company will deliver to the Participant or make available to the Participant’s broker the shares of
Common Stock with respect to which the Restricted Stock Units that have become payable, unless the Participant elected to defer the delivery of such shares of Common Stock under the Deferred Compensation Plan (in which case the Participant’s
deferral election and the terms of the Deferred Compensation Plan will determine when the Participant’s shares of Common Stock will be delivered). 


EFFECT OF TERMINATION OF BOARD SERVICE AND CHANGE OF CONTROL. 
  

	 	•	 	Termination of Board Service Before a Change of Control. Except as set forth below regarding a “Change of Control,” if your Board service terminates for any reason prior to the Restricted Stock Units
becoming vested, any Restricted Stock Units that are not then vested will be forfeited immediately upon the termination of your Board service for any reason. 

  

	 	•	 	Change of Control. Upon the occurrence of a Change of Control, as such term is defined in the Plan, before the termination of your Board service for any reason, one-hundred percent (100%) of the Restricted
Stock Units shall become vested and payable if you have continuously served as a member of the Board from the Grant Date until the time of the Change of Control. Accordingly, subsequent termination of your Board service for any reason after the
Change of Control will not result in forfeiture of your Restricted Stock Units or the shares of Common Stock related thereto. 


NOTICES. All notices pursuant to this Agreement will be in writing and either (i) delivered by hand, (ii) mailed by United States
certified mail, return receipt requested, postage prepaid, or (iii) sent by an internationally recognized courier which maintains evidence of delivery and receipt. All notices or other communications will be directed to the following addresses
(or to such other addresses as either of us may designate by notice to the other): 
  

					
	 To the Company:
	  	PRGX Global, Inc.	  	
		  	600 Galleria Parkway, Suite 100	  	
		  	Atlanta, GA 30339	  	
		  	Attention: Senior Vice President, General Counsel & Secretary	  	
			
	 To you:
	  	The address set forth on page 1	  	


  
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 MISCELLANEOUS. 
  

	 	•	 	The Participant has received a copy of the Plan, has read and understands the terms of the Plan and this Agreement, and agrees to be bound by their terms and conditions. Failure by you or PRGX at any time or times to
require performance by the other of any provisions in this Agreement will not affect the right to enforce those provisions. Any waiver by you or PRGX of any condition or the breach of any term or provision in this Agreement, whether by conduct or
otherwise, in any one or more instances, shall apply only to that instance and will not be deemed to waive conditions or breaches in the future. If any court of competent jurisdiction holds that any term or provision of this Agreement is invalid or
unenforceable, the remaining terms and provisions will continue in full force and effect, and this Agreement shall be deemed to be amended automatically to exclude the offending provision. This Agreement may be executed in multiple copies and each
executed copy shall be an original of this Agreement. This Agreement shall be subject to and governed by the laws of the State of Georgia. No change or modification of this Agreement shall be valid unless it is in writing and signed by the party
against which enforcement is sought. This Agreement shall be binding upon, and inure to the benefit of, the permitted successors, assigns, heirs, executors and legal representatives of the parties hereto. The headings of each Section of this
Agreement are for convenience only. This Agreement and the Plan contain the entire agreement of the parties hereto and no representation, inducement, promise, or agreement or otherwise between the parties not embodied herein shall be of any force or
effect, and no party will be liable or bound in any manner for any warranty, representation, or covenant except as specifically set forth herein. 


  
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