Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.3    
  

        Employee Stock Purchase Plan

Hudson Highland Group, Inc.

Effective            , 2003  

 

Contents  

	Article 1.	 	Purpose and Effective Date	 	3
	

Article 2.	
 	

Definitions	
 	

3
	

Article 3.	
 	

Administration	
 	

5
	

Article 4.	
 	

Number of Shares	
 	

5
	

Article 5.	
 	

Eligibility Requirements	
 	

6
	

Article 6.	
 	

Enrollment	
 	

6
	

Article 7.	
 	

Grant of Options on Enrollment	
 	

7
	

Article 8.	
 	

Payment	
 	

7
	

Article 9.	
 	

Purchase of Shares	
 	

7
	

Article 10.	
 	

Withdrawal from the Plan and Termination of Employment	
 	

8
	

Article 11.	
 	

Designation of Beneficiary	
 	

9
	

Article 12.	
 	

Miscellaneous	
 	

9

2

 

Hudson Highland Group, Inc. Employee Stock Purchase Plan  

Article 1. Purpose and Effective Date  

        1.1  The purpose of the Hudson Highland Group, Inc. Employee Stock Purchase Plan (the "Plan") is to provide an
opportunity for employees of Hudson Highland Group, Inc. (the "Company") and employees of the Participating Affiliates (as defined below) to purchase shares of common stock of the Company in a
way which is both convenient and on a basis more favorable than would otherwise be available. The Company believes that employee participation in ownership of the Company on this basis will be to the
mutual benefit of both the employee and the Company. 

        It
is the intent of the Company to have the Plan qualify as an "employee stock purchase plan" under Section 423 of the Internal Revenue Code, although the Company makes no
undertakings nor representations to maintain such qualification. In addition, this Plan document authorizes the grant of Options under a non-Code Section 423 plan which do not
qualify under Section 423 of the United States Internal Revenue Code pursuant to rules, procedures, or sub-plans adopted by the Committee (as defined below) designated to achieve
desired tax or other objectives. 

        1.2  It is intended that Purchase Periods will commence, if at all, at such times designated by the Committee. 

        1.3  The Plan shall be effective on                        , 2003 (the "Effective
Date") subject to the approval of the Company's
stockholders within one (1) year before or one (1) year after the date the Plan is approved by the Board. The Plan shall remain in effect in accordance with Section 12.7 of the
Plan. 

Article 2. Definitions  

        Whenever used in the Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the word shall be
capitalized: 

	2.1
	"Account" means a recordkeeping account maintained for a Participant to which payroll deductions, if applicable, shall be credited.

	2.2
	"Affiliate" means any (i) Subsidiary and (ii) other entity in which the Company has an equity interest.

	2.3
	"Board" means the Board of Directors of the Company.

	2.4
	"Change in Control" shall be deemed to occur if (1) there shall be consummated (A) any consolidation, merger or
reorganization involving the Company, unless such consolidation, merger or reorganization is a "Non-Control Transaction" (as defined below) or (B) any sale, lease, exchange or other
transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company, or (2) the stockholders of the Company shall approve any plan or
proposal for liquidation or dissolution of the Company, or (3) any person (as such term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act")), shall become the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of more than fifty percent (50%) of the combined voting power of the
Company's then outstanding voting securities other than (a) a person who owns or owned Shares of the Company, (b) pursuant to a plan or arrangement entered into by such person and the
Company, or (c) pursuant to receipt of such shares from a stockholder of the Company pursuant to such stockholder's will or the laws of descent and distribution. 

A
"Non-Control Transaction" shall mean a consolidation, merger or reorganization of the Company where (1) the stockholders of the Company immediately before such consolidation, 

3

 

merger or reorganization own, directly or indirectly, at least a majority of the combined voting power of the outstanding voting securities of the corporation resulting from such consolidation,
merger or reorganization (the "Surviving Corporation"), (2) the individuals who were members of the Board of the Company immediately prior to the execution of the agreement providing for such
consolidation, merger or reorganization constitute at least fifty percent (50%) of the members of the Board of Directors of the Surviving Corporation, or a corporation directly or indirectly
beneficially owning a majority of the voting securities of the Surviving Corporation and (3) no person (other than (a) the Company, (b) any subsidiary of the Company,
(c) any employee benefit plan (or any trust forming a part thereof) maintained by the Company, the Surviving Corporation or any subsidiary, or (d) any person who, immediately prior to
such consolidation, merger or reorganization, beneficially owned more than fifty percent (50%) of the combined voting power of the Company's then outstanding voting securities)
beneficially owns more than fifty percent (50%) of the combined voting power of the Surviving Corporation's then outstanding voting securities. 

	2.5
	"Code" means the Internal Revenue Code of 1986, as amended.

	2.6
	"Committee" means the compensation committee of the Board. The members of the Committee shall be appointed from time to time by and
shall serve at the discretion of the Board.

	2.7
	"Company" means Hudson Highland Group, Inc. a Delaware corporation.

	2.8
	"Cut-Off Date" means the date established by the Committee from time to time by which enrollment forms must be received.

	2.9
	"Eligible Employee" means an Employee eligible to participate in the Plan in accordance with Article 5.

	2.10
	"Employee" means any active employee of the Company or a Participating Affiliate.

	2.11
	"Enrollment Date" means the first Trading Day of a Purchase Period.

	2.12
	"Exchange Act" means the United States Securities Exchange Act of 1934, as amended.

	2.13
	"Fair Market Value" means, as of any applicable date, the opening sale price on the principal securities exchange on which the Shares
are traded or, if there is no such sale on the relevant date, then on the last previous day on which a sale was reported.

	2.14
	"Grant Date" means a date on which an Eligible Employee is granted an option under the Plan pursuant to Article 7.

	2.15
	"Grant Price" means the Fair Market Value of a Share on the Grant Date for such option.

	2.16
	"Participant" means an Eligible Employee who has enrolled in the Plan pursuant to Article 6.

	2.17
	"Participating Affiliate" means an Affiliate which has been designated by the Committee in accordance with Section 3.2 of the
Plan as covered by the Plan. In the event the designated Affiliate is not a Subsidiary, it shall be designated for participation in the non-Code Section 423 portion of the Plan.

	2.18
	"Purchase Date" with respect to a Purchase Period means the last Trading Day in such Purchase Period.

	2.19
	"Purchase Date Price" means the Fair Market Value of a Share on the applicable Purchase Date.

	2.20
	"Purchase Period" means the purchase period designated by the Committee; provided, that each period shall, in no event, end later
than: (i) five (5) years from the date the option is 

4

 

granted
if the Purchase Price is to be not less than eighty-five percent (85%) of the Fair Market Value of the Shares on the Purchase Date; or (ii) otherwise, twenty-seven
(27) months from the Grant Date. 

	2.21
	"Purchase Price" means the price designated by the Committee, at which each Share may be purchased under any option, but in no event
less than eighty-five percent (85%) of the lesser of:

	(a)
	The
Grant Price, as defined in Section 2.13; and

	(b)
	The
Purchase Date Price, as defined in Section 2.18. 

	2.22
	"Rule 16b-3" means Rule 16b-3 under the Exchange Act.

	2.23
	"Shares" means Shares of the Company's common stock.

	2.24
	"Subsidiary" means any corporation in an unbroken chain of corporations beginning with the Company if, as of the applicable Enrollment
Date, each of the corporations other than the last
corporation in the chain owns stock possessing more than fifty percent (50%) of the total combined voting power of all classes of stock in one of the other corporations in the chain.

	2.25
	"Trading Day" means any day the stock exchange in which the Company's Shares are traded is open for trading. 

Article 3. Administration  

        3.1  The Plan shall be administered by the Committee. The members of the Committee shall be appointed from time to time by,
and shall serve at the discretion of the Board. The Committee shall have the authority to delegate administrative duties to officers, directors, or Employees of the Company. 

        3.2  The Committee shall have the power, subject to and within the limits of the express provisions of the Plan, to construe
and interpret the Plan and options granted under it; to establish, amend, and revoke rules and regulations for administration of the Plan; to determine all questions of policy and expediency that may
arise in the administration of the Plan; to make any changes to the Plan or its operations to reduce or eliminate any unfavorable accounting consequences to the extent deemed appropriate by the
Committee; and, generally, to exercise such powers and perform such acts as the Committee deems necessary or expedient to promote the best interests of the Company, including, but not limited to,
designating from time to time which Affiliates of the Company shall be Participating Affiliates. The Committee's determinations as to the interpretation and operation of this Plan shall be final and
conclusive. 

        In
exercising the powers described in the foregoing paragraph, the Committee may adopt special or different rule, procedures, or sub-plans with respect to the Plan including,
but not limited to, rules which allow employees of any foreign Participating Affiliate to participate in, and enjoy the tax benefits offered by the Plan. 

        3.3  The Plan provisions relating to the administration of the Plan may be amended by the Board from time to time as may be
desirable to satisfy any requirements of or under the federal securities and/or other applicable laws of the United States, or to obtain any exemption under such laws, or to reduce or eliminate any
unfavorable accounting consequences. 

Article 4. Number of Shares  

        4.1  Shares Reserved. No more than 160,000 Shares shall be reserved for sale and have been authorized by the stockholders of
the Company for issuance pursuant to the Plan or any other similar employee stock purchase plan that the Company establishes for employees located in foreign 

5

 

jurisdictions. If any option granted under the Plan shall for any reason terminate without having been exercised, the Shares not purchased under such option shall again become available for issuance
under the Plan. 

        4.2  Adjustments. In the event of any change in corporate capitalization such as a stock split, or a corporate transaction
such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes
within the definition of such term in Code Section 368) or any partial or complete liquidation of the Company, the Committee may make such adjustments it deems appropriate to prevent dilution
or enlargement of rights in the number and class of Shares which may be delivered under Section 4.1, in the number, class of and/or price of Shares available for purchase under the Plan, and in
the number of Shares which a Participant is entitled to purchase. 

Article 5. Eligibility Requirements  

        5.1  Except as provided in Section 5.2, each Employee shall become eligible to participate in the Plan in accordance
with Article 6 on the first Enrollment Date on or following the later of: (a) the date such individual becomes an Eligible Employee; or (b) the Effective Date; provided, however,
that the Committee may establish administrative rules with respect to an Employee's employment (e.g., some minimum employment period, for example, ninety (90) days prior to the Grant Date) to
be eligible to participate with respect to the Purchase Period beginning on that Grant Date. Participation in the Plan is entirely voluntary. 

        5.2  Any provision of this Plan to the contrary notwithstanding, no Employee shall be granted an option, unless their
participation is required as a matter of local law or regulation: 

	(a)
	If,
immediately after the grant, such Employee would own, and/or hold outstanding options to purchase stock possessing five percent (5%) or more of the total combined voting power or
value of all
classes of stock of the Company or of any parent or subsidiary of the Company within the meaning of Section 423 of the Code; or

	(b)
	Which
permits the Employee's rights to purchase stock under all employee stock purchase plans, as defined in Section 423 of the Code, of the Company and its subsidiaries to
accrue at a rate which exceeds twenty-five thousand dollars ($25,000) of fair market value of the stock (determined at the time such option is granted) for each calendar year in which such
stock option is outstanding at any time;

	(c)
	If
the Employee's customary employment does not meet certain requirements for length of employment determined by the Committee from time to time; provided, however, that any such
requirement for length of employment shall comply with Section 423 of the Code; or

	(d)
	If
the Employee is prohibited by the laws of the nation of their residence of employment from participating in the Plan. 

Article 6. Enrollment  

        Any Eligible Employee may enroll in the Plan for any future Purchase Period by completing and signing an enrollment election form or by such other means as the
Committee shall prescribe and submitting such enrollment election to the Company or a Participating Affiliate on or before the Cut-Off Date with respect to such Purchase Period. 

6

 

Article 7. Grant of Options on Enrollment  

        7.1  Enrollment by an Eligible Employee in the Plan as of an Enrollment Date will constitute the grant by the Company to such
Participant of an option on such Enrollment Date to purchase Shares from the Company pursuant to the Plan. 

        7.2  An option granted to a Participant pursuant to this Plan shall expire, if not sooner terminated in accordance with the
Plan, on the earliest to occur of: (a) the end of the Purchase Period in which such
option was granted; (b) the completion of the purchase of Shares under the option under Article 9; or (c) the date on which participation of such Participant in the Plan
terminates for any reason. 

        7.3  An option granted to a Participant under the Plan shall give the Participant a right to purchase on a Purchase Date the
number of Shares which the funds accumulated in the Participant's Account as of such Purchase Date will purchase at the applicable Purchase Price; provided, however, that the Committee may, in its
discretion, limit the number of Shares that may be purchased by each Participant in any Purchase Period. 

        Notwithstanding
anything to the contrary herein, no Employee shall be granted an option under the Plan (or any other plan of the Company or a Subsidiary intended to qualify under
Section 423 of the Code) which would permit the Employee to purchase Shares under the Plan (and such other plan) in any calendar year with a Fair Market Value (determined at the time such
option is granted) in excess of USD 25,000. 

Article 8. Payment  

        The Committee may designate the time and manner for payment for Shares to be purchased during the Purchase Period, including, but not limited to, payment by each
Participant in cash or by certified check on a date designated by the Committee prior to the Purchase Date, or through payroll deductions (with the permitted minimum deduction being USD 10.00 (or the
foreign currency equivalent thereto) and the permitted maximum deduction being USD 1,000.00 (or the foreign currency equivalent thereto) in full USD 1.00 (or the foreign currency equivalent thereto)
increments), the terms and conditions of which are designated by the Committee. 

        Payment
amounts shall be credited to a Participant's Account under this Plan. Unless required to do so by law or regulation, all payment amounts may be used by the Company for any
purpose and the Company shall have no obligation to segregate funds. Unless mandated by law or regulation, no interest shall accrue on any payments by Participants. 

Article 9. Purchase of Shares  

        9.1  Any option held by the Participant which was granted under this Plan and which remains outstanding as of a Purchase Date
shall be deemed to have been exercised on such Purchase Date for the number of Shares which the funds accumulated in the Participant's Account as of the Purchase Date will purchase at the applicable
Purchase Price (but not in excess of the number of Shares for
which options have been granted to the Participant pursuant to Section 7.3). All other Shares for which options have been granted which are not purchased on the last Purchase Date shall
terminate. 

        9.2  If Shares are purchased by a Participant pursuant to Section 9.1, then, within a reasonable time after the
Purchase Date, the Company shall deliver or cause to be delivered to the Participant a certificate or certificates for the whole number of Shares purchased by the Participant unless the Company has
made arrangements to have the Shares held at a bank or other appropriate institution in noncertificated form. If any law or applicable regulation of the United States Securities and Exchange
Commission or other body having jurisdiction shall require that the Company or the Participant take 

7

 

any action in connection with the Shares being purchased under the option, delivery of the certificate or certificates for such Shares shall be postponed until the necessary action shall have been
completed. 

        9.3  In the case of Participants employed by a Participating Affiliate, the Committee may provide for Shares to be sold
through the Affiliate to such Participants, to the extent consistent with Section 423 of the Code and other applicable laws. 

        9.4  If the total number of Shares for which options are or could be exercised on any Purchase Date in accordance with this
Article 9, when aggregated with all Shares for which options have been previously exercised under this Plan, exceeds the maximum number of Shares reserved in Section 4.1, the Company
shall allocate the Shares available for delivery and distribution in the ratio that the balance in each Participant's Account bears to the aggregate balances of all Participants' Accounts, and the
remaining balance of the amount credited to the Participant's Account of each Participant under the Plan shall be returned to him/her as promptly as possible. 

        9.5  If a Participant or former Participant sells, transfers, or otherwise makes a disposition of Shares purchased pursuant to
an option granted under the Plan within two (2) years after the date such option is granted or within one (1) year after the date such Shares were transferred to the Participant, and if
such Participant or former Participant is subject to United States federal income tax, then such Participant or former Participant shall notify the Company or Participating Affiliate in writing of
such sale, transfer, or other disposition within ten (10) days of the consummation of such sale, transfer, or other disposition. 

Article 10. Withdrawal From the Plan and Termination of Employment  

        10.1 Withdrawal from the Plan. A Participant may withdraw from the Plan in full (but not in part) during any Purchase Period
by delivering a notice of withdrawal to the Company or a Participating
Affiliate (in a manner prescribed by the Committee) at any time up to but not including the fifteen (15) days prior to the Purchase Date next following the date such notice of withdrawal is
delivered, or at such shorter time in advance of such Purchase Date as the Committee may permit. 

        If
notice of withdrawal is timely received, all funds then accumulated in the Participant's Account shall not be used to purchase Shares as of the next following Purchase Date, but shall
instead be distributed to the Participant as soon as administratively feasible. 

        A
Participant who has withdrawn during a Purchase Period may not return funds to the Company or a Participating Affiliate during the same Purchase Period and require the Company or
Participating Affiliate to apply those funds to the purchase of Shares. Any Eligible Employee who has withdrawn from the Plan may, however, re-enroll in the Plan on the next subsequent
Enrollment Date, if any. 

        10.2 Termination of Employment. Participation in the Plan terminates immediately when a Participant ceases to be employed by
the Company or a Participating Affiliate for any reason whatsoever or otherwise ceases to be an Eligible Employee, and such terminated Participant's outstanding options shall thereupon terminate. 

        As
soon as administratively feasible after termination of participation, the Company or Participating Affiliate shall pay to the Participant or his/her beneficiary or legal
representative any amounts accumulated in the Participant's Account at the time of termination of participation. 

        10.3 Change in Control. In the event of a Change in Control, the surviving, continuing, successor, or purchasing corporation
or other business entity or parent thereof, as the case may be (the "Acquiring Corporation"), may, without the consent of any Participant, assume the Company's rights and obligations under the Plan.
If the Acquiring Corporation elects not to assume the Company's rights and obligations under the Plan, the Purchase Date of the then current Purchase Period shall be accelerated to a date before the
date of the Change in Control specified by the Board, but the number 

8

 

of Shares subject to outstanding options shall not be adjusted. All options which are neither assumed by the Acquiring Corporation in connection with the Change in Control nor exercised as of the
date of the Change in Control shall terminate and cease to be outstanding effective as of the date of the Change in Control. 

        10.4 Leave of Absence. If a Participant takes a leave of absence without terminating employment, such Participant shall have
the right, at the commencement of the leave of absence and in accordance with procedures prescribed by the Committee, to elect to withdraw from the Plan in accordance with Section 10.1. To the
extent determined by the Committee or required by Section 423 of the Code, certain leaves of absence may be treated as cessations of employment for purposes of the Plan. 

Article 11. Designation of Beneficiary  

        The Committee may permit each Participant under the Plan, from time to time, to name any beneficiary or beneficiaries (who may be named contingently or
successively) to whom the amount in his/her Participant Account is to be paid in case of his/her death before he/she receives any or all of such benefit. Each such designation shall revoke all prior
designations by the same Participant, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant in writing with the Committee during the Participant's
lifetime. In the absence of any such designation, any Participant Account balance remaining unpaid at the Participant's death shall be paid to the Participant's estate. 

Article 12. Miscellaneous  

        12.1 Restrictions on Transfer. Options granted under the Plan to a Participant may not be exercised during the Participant's
lifetime other than by the Participant. Neither amounts credited to a Participant's Account nor any rights with respect to the exercise of an option or to receive Shares under the Plan may be
assigned, transferred, pledged, or otherwise disposed of in any way by the Participant other than by will or the laws of descent and distribution. Any such attempted assignment, transfer, pledge, or
other disposition shall be without effect, except that the Committee may treat such act as an election to withdraw from the Plan in accordance with Section 10.1. 

        12.2 Administrative Assistance. If the Committee in its discretion so elects, it may retain a brokerage firm, bank, or other
financial institution to assist in the purchase of Shares, delivery of reports, or other administrative aspects of the Plan. If the Committee so elects, each Participant shall (unless prohibited by
applicable law) be deemed upon enrollment in the Plan to have authorized the establishment of an account on his/her behalf at such institution. Shares purchased by a Participant under the Plan shall
be held in the Account. 

        12.3 Withholding. The Company or any Participating Affiliate shall have the power and the right to deduct or withhold, or
require a Participant to remit to the Company or any Participating Affiliate, an amount sufficient to satisfy federal, state, and local taxes, domestic or foreign, income or social insurance required
by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. 

        12.4 Costs. All costs and expenses incurred in administering the Plan shall be paid by the Company, except that any stamp
duties, transfer taxes, and any brokerage fees applicable to participation in the Plan may be charged to the Participant Account of such Participant by the Company. 

        12.5 Equal Rights and Privileges. To the extent Eligible Employees are granted options pursuant to Code Section 423,
such Eligible Employees shall have equal rights and privileges with respect to the Plan so that the Plan qualifies as an "employee stock purchase plan" within the meaning of Section 423 or any
successor provision of the Code and the related regulations. 

9

 

        12.6 Applicable Law. The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the State
of New York. 

        12.7 Amendment and Termination. The Board may amend, alter, suspend, or terminate the Plan at any time; provided, however,
that: (a) the Plan may not be amended in a way which will cause the Plan to fail to meet the requirements of Code Section 423; and (b) no amendment which would amend or modify the
Plan in a manner requiring stockholder approval under Section 423 of the Code, Rule 16b-3, or the requirements of any securities exchange on which the Shares are traded shall
be effective unless such stockholder approval is obtained. In addition, the Committee may amend the Plan as provided in Section 3.3, subject to the conditions set forth therein and in this
Section 12.7. 

        If
the Plan is terminated or suspended, the Board or Committee may elect to terminate all outstanding options either prior to their expiration or upon completion of the purchase of
Shares on the next Purchase Date, or may elect to permit options to expire in accordance with their terms (and participation to continue through such expiration dates). If the options are terminated
prior to expiration, all funds accumulated in Participants' Accounts as of the date the options are terminated shall be returned to the Participants as soon as administratively feasible. 

        12.8 No Right of Employment. Neither the grant nor the exercise of any rights to purchase Shares under this Plan nor anything
in this Plan shall impose upon the Company or a Participating Affiliate any obligation to employ or continue to employ any Employee. The right of the Company or Participating Affiliate to terminate
any Employee shall not be diminished or affected because any rights to purchase Shares have been granted to such Employee. 

        12.9 Rights as Shareholder. No Participant shall have any rights as a shareholder unless and until certificates for Shares of
common stock have been issued to him/her. 

        12.10  Governmental Regulation. The Company's obligation to sell and deliver Shares of the Company's common
stock under this Plan is subject to the approval of any governmental authority required in connection with the authorization, issuance, or sale of such Shares. 

        12.11  Gender. When used herein, masculine terms shall be deemed to include the feminine, except when the
context indicates to the contrary. 

        12.12  Condition for Participation. As a condition to participation in the Plan, Eligible Employees agree to be
bound by the terms of the Plan (including, without limitation, the notification requirements of Section 9.6) and the determinations of the Committee. 

        12.13  Employees Based Outside of the United States. Notwithstanding any provision of the Plan to the contrary,
in order to comply with the laws in other countries in which the Company and/or its Affiliates operate or have Eligible Employees, the Committee, in its sole discretion, shall have the power and
authority to: 

	(a)
	Determine
which Affiliates shall be covered by the Plan;

	(b)
	Modify
the terms and conditions to Eligible Employees outside the United States to comply with applicable foreign laws;

	(c)
	Adopt
rules or procedures relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures. Without limiting the
generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding handling of payroll deductions, payment of interest, conversion of local currency, payroll
tax, withholding procedures and handling of stock certificates which vary with local legal requirements.

	(d)
	Adopt
rules, procedures or sub-plans applicable to particular Affiliates or locations, which rules, procedures or sub-plans may be designed to be outside the
scope of Code 

10

 

Section 423.
The terms of such rules, procedures or sub-plans may take precedence over other provisions of this Plan, with the exception of Article 4, but unless otherwise
expressly superseded by the terms of such rule, procedure or sub-plan, the provisions of this Plan shall govern the operation of the Plan. To the extent inconsistent with the requirements
of Code Section 423, such rules, procedures or sub-plans shall be considered part of the non-423 Plan, and the options granted thereunder shall not be considered to
comply with Section 423. 

	(e)
	Take
any action that it deems advisable to obtain approval or comply with any necessary local government regulatory exemptions or approvals. 

        Notwithstanding
the above, the Committee may not take any actions hereunder, and no option shall be granted, that would violate the Exchange Act, the Code, any securities law, or
governing statute or any other applicable law. 

11

QuickLinks

Exhibit 4.3QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.2    
  

        TRANSITION SERVICES AGREEMENT  

 by and between  

 TMP WORLDWIDE INC.  

 and  

 HUDSON HIGHLAND GROUP, INC.  

 Dated as of March    , 2003  

 
  
 

    TABLE OF CONTENTS    
  

	 
	 	 
	 	Page

	 	 	ARTICLE 1

DEFINITIONS	 	 
	

1.01	
 	

Definitions	
 	

1
	

 	
 	

ARTICLE 2

PURCHASE AND SALE OF SERVICES	
 	

 
	

2.01	
 	

Purchase and Sale of Services	
 	

2
	

2.02	
 	

Additional Services	
 	

2
	

 	
 	

ARTICLE 3

SERVICE COSTS; OTHER CHARGES	
 	

 
	

3.01	
 	

Service Costs Generally	
 	

3
	

3.02	
 	

Agreed Billing	
 	

3
	

3.03	
 	

Pass-Through Billing	
 	

3
	

3.04	
 	

Invoicing and Settlement of Costs	
 	

3
	

 	
 	

ARTICLE 4

THE SERVICES	
 	

 
	

4.01	
 	

General Standard of Service	
 	

4
	

4.02	
 	

Limitation of Liability	
 	

4
	

4.03	
 	

Indemnification of TMP by HHGI	
 	

5
	

4.04	
 	

Indemnification of HHGI by TMP	
 	

6
	

4.05	
 	

Notice of Certain Matters	
 	

6
	

 	
 	

ARTICLE 5

TERM AND TERMINATION	
 	

 
	

5.01	
 	

Term	
 	

6
	

5.02	
 	

Termination	
 	

7
	

5.03	
 	

Effect of Termination	
 	

7
	
 	
 	

 	
 	

 

i

 

	

 	
 	

ARTICLE 6

MISCELLANEOUS	
 	

 
	

6.01	
 	

Confidential Information	
 	

7
	

6.02	
 	

Prior Agreements	
 	

7
	

6.03	
 	

Future Litigation and Other Proceedings	
 	

7
	

6.04	
 	

No Agency	
 	

8
	

6.05	
 	

Subcontractors	
 	

8
	

6.06	
 	

Force Majeure	
 	

8
	

6.07	
 	

Information	
 	

8

	 
	 	 
	 	 

	

6.08	
 	

Notices	
 	

9
	

6.09	
 	

Severability	
 	

9
	

6.10	
 	

Amendments; No Waivers	
 	

9
	

6.11	
 	

Successors and Assigns	
 	

10
	

6.12	
 	

Governing Law	
 	

10
	

6.13	
 	

Counterparts; Effectiveness	
 	

10
	

6.14	
 	

Entire Agreement	
 	

10
	

6.15	
 	

Jurisdiction	
 	

10
	

6.16	
 	

Captions	
 	

10

ii

 
 
 

TRANSITION SERVICES AGREEMENT    
  

        This Transition Services Agreement (this "Agreement") is entered into as of March    , 2003 by and
between TMP Worldwide Inc., a Delaware corporation ("TMP"), and Hudson Highland Group, Inc., a Delaware corporation
("HHGI"). 

W I T N E S S E T H: 

        WHEREAS,
TMP owned 100% of the outstanding common stock of HHGI prior to the consummation of the Distribution (as defined below); 

        WHEREAS,
TMP will no longer own any of the outstanding common stock of HHGI after the consummation of the Distribution; and 

        WHEREAS,
TMP has heretofore directly or indirectly provided certain administrative, legal, tax and other services to the HHGI Entities (as defined below) and HHGI has heretofore directly
or indirectly provided certain administrative and other services to the TMP Entities (as defined below). 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, TMP and HHGI, for themselves, their successors and assigns, hereby
agree as follows: 

 
 

ARTICLE 1
  DEFINITIONS    
  

        1.01    Definitions.    The following terms, as used herein, have the following meanings: 

        "Business Day" means a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or
required by law to close. 

        "Common Stock" means the common stock, par value $.001 per share, of HHGI. 

        "Confidential Information" has the meaning assigned thereto in the Distribution Agreement. 

        "Distribution" has the meaning assigned thereto in the Distribution Agreement. 

        "Distribution Agreement" means the Distribution Agreement, dated as of the date hereof, between TMP and HHGI. 

        "Distribution Date" has the meaning assigned thereto in the Distribution Agreement. 

        "HHGI Entities" means HHGI and its Subsidiaries, and "HHGI Entity" shall mean any of the
HHGI Entities. 

        "HHGI Services" means the various services described in the Schedules to be provided by HHGI Entities to TMP Entities or to be procured by
HHGI Entities on behalf of TMP Entities. 

        "Person" means any individual, corporation, limited liability company, partnership, association, trust or other entity or organization,
including a governmental or political subdivision or any agency or instrumentality thereof. 

        "Schedules" means the Schedules attached hereto. 

        "Service" means any HHGI Service or TMP Service, as the context may require, and
"Services" means the HHGI Services or the TMP Services, as the context may require. 

        "Subsidiary" means, with respect to any Person, any other entity of which securities or other ownership interests having ordinary voting
power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by such Person. 

1

 

        "TMP Entities" means TMP and its Subsidiaries, and "TMP Entity" shall mean any of the TMP
Entities. 

        "TMP Services" means the various services described in the Schedules to be provided by TMP Entities to HHGI Entities or to be procured by
TMP Entities on behalf of HHGI Entities. 

 
 

ARTICLE 2
  PURCHASE AND SALE OF SERVICES    
  

        2.01    Purchase and Sale of Services.    (a) On the terms and subject to the conditions of this Agreement and
in consideration of the Service Costs described below: 

        (i)    TMP
agrees to provide to HHGI, or procure the provision to HHGI of, and HHGI agrees to purchase from TMP, the TMP Services; and 

        (ii)  HHGI
agrees to provide to TMP, or procure the provision to TMP of, and TMP agrees to purchase from HHGI, the HHGI Services. 

        (b)  Unless
otherwise specifically agreed by TMP and HHGI, the TMP Services to be provided or procured by TMP hereunder shall be substantially similar in scope, quality, and
nature to those customarily provided to, or procured on behalf of, HHGI prior to the Distribution Date, and the HHGI Services to be provided or procured by HHGI hereunder shall be substantially
similar in scope, quality, and nature to those customarily provided to, or procured on behalf of, TMP prior to the Distribution Date. 

        (c)  It
is understood that: 

        (i)    TMP
Services to be provided to HHGI under this Agreement shall, at HHGI's request, be provided to Subsidiaries of HHGI, and TMP may satisfy its obligation to provide or
procure TMP Services hereunder by causing one or more of its Subsidiaries to provide or procure such TMP Services; 

        (ii)  HHGI
Services to be provided to TMP under this Agreement shall, at TMP's request, be provided to Subsidiaries of TMP, and HHGI may satisfy its obligation to provide or
procure HHGI Services hereunder by causing one or more of its Subsidiaries to provide or procure such HHGI Services; 

        (iii)  with
respect to TMP Services provided to, or procured on behalf of, any Subsidiary of HHGI, HHGI agrees to pay on behalf of such Subsidiary all amounts payable by or
in respect of such TMP Services pursuant to this Agreement; and 

        (iv)  with
respect to HHGI Services provided to, or procured on behalf of, any Subsidiary of TMP, TMP agrees to pay on behalf of such Subsidiary all amounts payable by or in
respect of such HHGI Services pursuant to this Agreement. 

        2.02    Additional Services.    To the extent that TMP and HHGI may mutually agree: 

        (a)  in
addition to the TMP Services to be provided or procured by TMP in accordance with Section 2.01, if requested by HHGI, TMP shall provide additional services
(including services not provided by TMP to the HHGI Entities prior to the Distribution Date) to HHGI; and 

        (b)  in
addition to the HHGI Services to be provided or procured by HHGI in accordance with Section 2.01, if requested by TMP, HHGI shall provide additional services
(including services not provided by HHGI to the TMP Entities prior to the Distribution Date) to TMP. 

        The
scope of any such additional services, as well as the term, costs, and other terms and conditions applicable to such services, shall be as mutually agreed by TMP and HHGI, and shall
be 

2

 

reflected in an additional Schedule to this Agreement (in substantially the form attached hereto) executed by TMP and HHGI. 

 
 

ARTICLE 3
  SERVICE COSTS; OTHER CHARGES    
  

        3.01    Service Costs Generally.    The Schedules hereto indicate, with respect to the respective Services listed
therein, whether the costs to be charged to HHGI or TMP for such Services are to be determined by (i) the agreed billing method described in Section 3.02 ("Agreed
Billing") or (ii) the pass-through billing method described in Section 3.03 ("Pass-Through
Billing"). The Agreed Billing and Pass-Through Billing methods applicable to Services provided to HHGI or TMP are collectively referred to herein as the
"Service Costs." HHGI agrees to pay to TMP in the manner set forth in Section 3.04 the Service Costs applicable to each of the TMP Services
provided or procured by TMP, and TMP agrees to pay to HHGI in the manner set forth in Section 3.04 the Service Costs applicable to each of the HHGI Services provided or procured by HHGI. 

        3.02    Agreed Billing.    The costs of Services as to which the Agreed Billing method applies shall be equal to
(i) the costs described in the Schedules hereto (it being understood that from and after the Distribution Date, such costs with respect to TMP Services may be increased by TMP in the exercise
of its reasonable judgment, and such costs with respect to HHGI Services may be increased by HHGI in the exercise of its reasonable judgment, plus (ii) any applicable federal, state and local
sales, use or similar taxes. Notwithstanding the foregoing, any third-party expenses as well as out-of-pocket expenses incurred by TMP in connection with the provision of any
TMP Services as to which the Agreed Billing method applies shall be passed through to HHGI, or incurred by HHGI in connection with the provision of any HHGI Services as to which the Agreed Billing
method applies shall be passed through to TMP. 

        3.03    Pass-Through Billing.    The costs of Services as to which the Pass-Through Billing
method applies shall be equal to the aggregate amount of third-party, out-of-pocket costs and expenses incurred by any TMP Entity on behalf of any HHGI Entity or by any HHGI
Entity on behalf of any TMP Entity (which costs shall include, but not be limited to, the costs incurred in connection with obtaining the consent of any party to a contract or agreement to which, in
the case of TMP Services, any TMP Entity is a party, or in the case of HHGI Services, any HHGI Entity is a party, where such consent is related to and reasonably required for the provision of any
Service). If a TMP Entity incurs any such costs or expenses on behalf of any HHGI Entity as well as businesses operated by TMP, or if a HHGI Entity incurs any such costs or expenses on behalf of any
TMP Entity as well as businesses operated by HHGI, TMP (in the case of such costs or expenses incurred by a TMP Entity) or HHGI (in the case of such costs or expenses incurred by a HHGI Entity) shall
allocate any such costs or expenses in good faith between the various businesses on behalf of which such costs or expenses were incurred as such party hereto shall determine in the exercise of its
reasonable judgment. Such party hereto shall apply usual and accepted accounting conventions in making such allocations, and such party hereto or its agents shall keep and maintain such books and
records as may be reasonably necessary to make such allocations. Such party hereto shall make copies of such books and records available to the other party hereto upon request and with reasonable
notice. 

        3.04    Invoicing and Settlement of Costs.    (a) Except as otherwise provided in the Schedules with respect to
any Service, TMP shall invoice the Chief Financial Officer of HHGI on a monthly basis (not later than the tenth day of each month) for the Service Costs for TMP Services, and HHGI shall invoice the
Chief Financial Officer of TMP on a monthly basis (not later than the tenth day of each month) for the Service Costs for HHGI Services. In connection with the invoicing described in this
Section 3.04(a), TMP shall provide to HHGI such billing data and level of detail as may be reasonably 

3

 

requested by HHGI, and HHGI shall provide to TMP such billing data and level of detail as may be reasonably requested by TMP. 

        (b)  Each
party hereto agrees to pay on or before 30 days after the date on which the other party hereto invoices it for Service Costs (or the next Business Day, if
such day is not a Business Day) (each, a "Payment Date"), by wire transfer of immediately available funds payable to the order of the invoicing party,
all amounts invoiced by such invoicing party pursuant to Section 3.04(a) during the preceding calendar month. If the party receiving the invoice fails to pay any monthly payment within
30 days of the relevant Payment Date, such party shall be obligated to pay, in addition to the amount due on such Payment Date, interest on such amount at the prime rate as reported in  The Wall Street
Journal on the Payment Date (or the next Business Day on which The Wall Street Journal
is published, if such day is not a Business Day on which The Wall Street Journal is published) compounded monthly from the relevant Payment Date through
the date of payment. If more than one prime rate is reported, the invoicing party may choose the highest rate. If The Wall Street Journal ceases
publication or to publish the prime rate, the invoicing party may use the prime rate published in any other newspaper of general circulation, or the invoicing party may substitute a similar reference
rate in its sole discretion. 

 
 

ARTICLE 4
  THE SERVICES    
  

        4.01    General Standard of Service.    Except as otherwise agreed by TMP and HHGI or described in this Agreement, and
provided that neither TMP nor HHGI is restricted by contract with third parties or by applicable law, TMP and HHGI each agree that the nature, quality, and standard of care applicable to the delivery
of the respective Services to be delivered by each of them hereunder shall be substantially the same as that of the Services which TMP and HHGI provide from time to time throughout their respective
businesses. Subject to TMP's and HHGI's express obligations under this Agreement, the management of and control over the provision of the TMP Services shall reside solely with TMP, and the management
and control over the provision of the HHGI Services shall reside solely with HHGI. Without limiting the generality of the foregoing, (i) all labor matters relating to employees of TMP and its
Subsidiaries (including, without limitation, employees involved in the provision of TMP Services to HHGI) shall be within the exclusive control of TMP, and no HHGI Entity shall take any action
affecting such matters, and (ii) all labor matters relating to employees of HHGI and its Subsidiaries (including, without limitation, employees involved in the provision of HHGI Services to
TMP) shall be within the exclusive control of HHGI, and no TMP Entity shall take any action affecting such matters. 

        4.02    Limitation of Liability.    (a) (i) HHGI agrees that none of the TMP Entities and their
respective directors, officers, agents, and employees (each, a "TMP Indemnified Person") shall have any liability, whether direct or indirect, in
contract or tort or otherwise, to any HHGI Entity or any other Person for or in connection with the TMP Services rendered or to be rendered by any TMP Indemnified Person pursuant to this Agreement,
the transactions contemplated hereby or any TMP Indemnified Person's actions or inactions in connection with any such TMP Services or transactions, except for damages
which have resulted from such TMP Indemnified Person's gross negligence or willful misconduct in connection with any such TMP Services, actions or inactions. 

        (ii)  TMP
agrees that none of the HHGI Entities and their respective directors, officers, agents, and employees (each, a "HHGI Indemnified
Person") shall have any liability, whether direct or indirect, in contract or tort or otherwise, to any TMP Entity or any other Person for or in connection with the HHGI
Services rendered or to be rendered by any HHGI Indemnified Person pursuant to this Agreement, the transactions contemplated hereby or any HHGI Indemnified Person's actions or inactions in connection
with any such HHGI Services or transactions, except for damages which have 

4

 

resulted from such HHGI Indemnified Person's gross negligence or willful misconduct in connection with any such HHGI Services, actions or inactions. 

        (b)  Notwithstanding
the provisions of Section 4.02(a), none of the TMP Entities shall be liable for any special, indirect, incidental, or consequential damages of any
kind whatsoever (including, without limitation, attorneys' fees) in any way due to, resulting from or arising in connection with any of the TMP Services or the performance of or failure to perform
TMP's obligations under this Agreement, and none of the HHGI Entities shall be liable for any special, indirect, incidental, or consequential damages of any kind whatsoever (including, without
limitation, attorneys' fees) in any way due to, resulting from or arising in connection with any of the HHGI Services or the performance of or failure to perform HHGI's obligations under this
Agreement. This disclaimer applies without limitation (i) to claims arising from the provision of the TMP Services (in the case of a claim against TMP) or the HHGI Services (in the case of a
claim against HHGI) or any failure or delay in connection therewith; (ii) to claims for lost profits; (iii) regardless of the form of action, whether in contract, tort (including
negligence), strict liability, or otherwise; and (iv) regardless of whether such damages are foreseeable or whether TMP (in the case of a claim against TMP) or HHGI (in the case of a claim
against HHGI) has been advised of the possibility of such damages. 

        (c)  In
addition to the foregoing, HHGI agrees that it shall, in all circumstances, use commercially reasonable efforts to mitigate and otherwise minimize its damages and
those of the other HHGI Entities, whether direct or indirect, due to, resulting from or arising in connection with any failure by TMP to comply fully with its obligations under this Agreement, and TMP
agrees that it shall, in all circumstances, use commercially reasonable efforts to mitigate and otherwise minimize its damages and those of the other TMP Entities, whether direct or indirect, due to,
resulting from or arising in connection with any failure by HHGI to comply fully with its obligations under this Agreement. 

        (d)  Notwithstanding
the foregoing provisions of this Section 4.02, (i) in the event of a substantial and continuing failure on the part of TMP to provide or
procure any material TMP Services, where such failure is reasonably expected to have a material adverse effect on HHGI and its Subsidiaries, considered as a whole, HHGI shall be entitled to seek
specific performance to cause TMP to provide or procure such TMP Services, and (ii) in the event of a substantial and continuing failure on the part of HHGI to provide or procure any material
HHGI Services, where such failure is reasonably expected to have a material adverse effect on TMP and its Subsidiaries, considered as a whole, TMP shall be entitled to seek specific performance to
cause HHGI to provide or procure such HHGI Services. 

        4.03    Indemnification of TMP by HHGI.    HHGI agrees to indemnify and hold harmless each TMP Indemnified Person from
and against any damages, and to reimburse each TMP Indemnified Person for all reasonable expenses as they are incurred (i) in investigating, preparing, pursuing, or defending any claim, action,
proceeding, or investigation, whether or not in connection with pending or threatened litigation and whether or not any TMP Indemnified Person is a party (collectively, "TMP
Actions"), arising out of or in connection with TMP Services rendered or to be rendered by any TMP Indemnified Person pursuant to this Agreement, the transactions contemplated
hereby or any TMP Indemnified Person's actions or inactions in connection with any such TMP Services or transactions; provided that HHGI shall not be responsible for any damages of any TMP Indemnified
Person that have resulted from such TMP Indemnified Person's gross negligence or willful misconduct in connection with any of the advice, actions, inactions, or Services referred to above (it being
understood and agreed that the provision by any TMP Entity of any of the TMP Services contemplated by the Schedules hereof without obtaining the consent of any party to any contract or agreement to
which any TMP Entity is a party as of the date hereof shall not constitute gross negligence or willful misconduct by any TMP Entity; provided that the relevant TMP Entity has used commercially
reasonable efforts to obtain the relevant consent), and (ii) in investigating, preparing, or defending any HHGI Action (as defined below), arising out of the gross negligence or willful
misconduct of any HHGI Indemnified Person in connection with the HHGI Services rendered or to be rendered pursuant to this Agreement. 

5

 

        4.04    Indemnification of HHGI by TMP.    TMP agrees to indemnify and hold harmless each HHGI Indemnified Person from
and against any damages, and to reimburse each HHGI Indemnified Person for all reasonable expenses as they are incurred (i) in investigating, preparing, pursuing, or defending any claim,
action, proceeding, or investigation, whether or not in connection with pending or threatened litigation and whether or not any HHGI Indemnified Person is a party (collectively,
"HHGI Actions"), arising out of or in connection with HHGI Services rendered or to be rendered by any HHGI Indemnified Person pursuant to this
Agreement, the transactions contemplated hereby or any HHGI Indemnified Person's actions or inactions in connection with any such HHGI Services or transactions; provided that TMP shall not be
responsible for any damages of any HHGI Indemnified Person that have resulted from such HHGI Indemnified Person's gross negligence or willful misconduct in connection with any of the advice, actions,
inactions, or HHGI Services referred to above (it being understood and agreed that the provision by any HHGI Entity of any of the HHGI Services contemplated by Schedules hereof without obtaining the
consent of any party to any contract or agreement to which any HHGI Entity is a party as of the date hereof shall not constitute gross negligence or willful misconduct by any HHGI Entity; provided
that the relevant HHGI Entity has used commercially reasonable efforts to obtain the relevant consent), and (ii) in investigating, preparing, or defending any TMP Action, arising out of the
gross negligence or willful misconduct of any TMP Indemnified Person in connection with the TMP Services rendered or to be rendered pursuant to this Agreement. 

        4.05    Notice of Certain Matters.    If either party hereto at any time believes that the other party hereto is not
in full compliance with its obligations under Section 4.01 of this Agreement, it shall so notify the other party in writing promptly (but not later than 30 days) after becoming aware of
such possible non-compliance by the other party. Such notice (a "Non-Compliance Notice") shall set forth in reasonable detail
the basis for the notifying party's belief as well as the notifying party's view as to the
steps to be taken by the notified party to address the possible non-compliance. For the 30 days after receipt of such a notice, appropriate representatives of each party shall work
in good faith to develop a plan to resolve the matters referred to in the Non-Compliance Notice. In the event such matters are not resolved through such discussions, the notifying party
may elect to terminate the notified party's obligation to provide or procure, and its obligation to purchase, the Service or Services referred to in its Non-Compliance Notice in accordance
with Section 5.02. In the event such matters are resolved through such discussions and the notifying party does not elect to terminate such Service or Services within 60 days of the end
of the 30-day period referred to in the third sentence of this Section 4.05, the notifying party shall not be entitled to deliver another Non-Compliance Notice or pursue
other remedies with respect to same or any substantially similar matter so long as the notified party complies in all material respects with the terms of such resolution. In no event shall any
termination of this Agreement pursuant to this Section 4.05 limit or affect either party's right to seek remedies in accordance with Section 6.15 in respect of any breach by the other
party of any of its obligations under this Agreement prior to such termination. 

 
 

ARTICLE 5
  TERM AND TERMINATION    
  

        5.01    Term.    Except as otherwise provided in this Article 5, in Section 6.06, in the Schedules
hereto or as otherwise agreed in writing by the parties, (a) this Agreement shall have a term of one year from the Distribution Date, (b) TMP's obligation to provide or procure, and
HHGI's obligation to purchase, any TMP Service shall cease as of the applicable date set forth in the applicable Schedule or such earlier date determined in accordance with Section 5.02 and
(c) HHGI's obligation to provide or procure, and TMP's obligation to purchase, any HHGI Service shall cease as of the applicable date set forth in the applicable Schedule or such earlier date
determined in accordance with Section 5.02. 

6

 

        5.02    Termination.    (a) Except as otherwise provided in any Schedule hereto, (i) HHGI may from time
to time terminate this Agreement with respect to one or more of the TMP Services, in whole or in part, upon giving at least 30 days' prior notice to TMP, (ii) TMP may from time to time
terminate this Agreement with respect to one or more of the HHGI Services, in whole or in part, upon giving at least 30 days' prior notice to HHGI and (iii) either party hereto may
terminate this Agreement at any time upon 30 days' written notice. 

        (b)  TMP
may terminate any TMP Service or any HHGI Service at any time if HHGI shall have failed to perform any of its material obligations under this Agreement relating to
any such Service, TMP has notified HHGI in writing of such failure and such failure shall have continued for a period of 30 days after receipt of HHGI of written notice of such failure. 

        (c)  HHGI
may terminate any HHGI Service or any TMP Service at any time if TMP shall have failed to perform any of its material obligations under this Agreement relating to
any such Service, HHGI has notified TMP in writing of such failure and such failure shall have continued for a period of 30 days after receipt of TMP of written notice of such failure. 

        5.03    Effect of Termination.    (a) Other than as required by law, upon termination of any Service pursuant
to Section 5.02, or upon termination of this Agreement in accordance with its terms, the party obligated to render such Service hereunder prior to such termination shall have no further
obligation to provide the terminated Service (or any Service, in the case of termination of this Agreement) and the party entitled to receive such Service hereunder prior to such termination shall
have no obligation to pay any fees relating to such Service or make any other payments hereunder; provided that notwithstanding such termination, (i) each party hereto that received Services
from the other party hereto shall remain liable to the other party hereto for fees owed and payable in respect of such Services provided prior to the effective date of the termination and
(ii) the provisions of Articles 4, 5, 6 and 7 shall survive any such termination indefinitely. 

        (b)  Following
termination of this Agreement with respect to any TMP Service, TMP and HHGI agree to cooperate in providing for an orderly transition of such TMP Service to
HHGI or to a successor service provider. Following termination of this Agreement with respect to any HHGI Service, TMP and HHGI agree to cooperate in providing for an orderly transition of such HHGI
Service to TMP or to a successor service provider. 

 
 

ARTICLE 6
  MISCELLANEOUS    
  

        6.01    Confidential Information.    HHGI and TMP hereby covenant and agree to hold in trust and maintain confidential
all Confidential Information relating to the other party or any of such other party's Subsidiaries as provided in Section 6.06 of the Distribution Agreement. 

        6.02    Prior Agreements.    In the event there is any inconsistency between the provisions of this Agreement, on the
one hand, and provisions of prior services agreements (other than commercial agreements entered into between any TMP Entity and any HHGI Entity as of the Distribution Date), if any, between any TMP
Entity and any HHGI Entity (the "Prior Agreements"), on the other hand, the provisions of this Agreement shall govern and such provisions in the Prior
Agreements are deemed to be amended so as to conform with this Agreement. 

        6.03    Future Litigation and Other Proceedings.    In the event that HHGI (or any of its Subsidiaries or any of its
or their officers or directors) or TMP (or any of its Subsidiaries or any of its or their officers or directors) at any time after the date hereof initiates or becomes subject to any litigation or
other proceedings before any governmental authority or arbitration panel with respect to which the parties have no prior agreements (as to indemnification or otherwise), the party (and its
Subsidiaries and its and their officers and directors) that has not initiated and is not subject to such litigation or 

7

 

other proceedings shall comply, at the other party's reasonable expense, with any reasonable requests by the other party for assistance in connection with such litigation or other proceedings
(including by way of provision of information and making available of employees as witnesses). In the event that HHGI (or any of its Subsidiaries or any of its or their officers or directors) and TMP
(or any of its Subsidiaries or any of its or their officers or directors) at any time after the date hereof initiate or become subject to any litigation or other proceedings before any governmental
authority or arbitration panel with respect to which the parties have no prior agreements (as to indemnification or otherwise), each party (and its officers and directors) shall, at their own expense,
coordinate their strategies and actions with respect to such litigation or other proceedings to the extent such coordination would not be detrimental to their respective interests and shall comply, at
the reasonable expense of the requesting party, with any reasonable requests of the other party for assistance in connection therewith (including by way of provision of information and making
available of employees as witnesses). 

        6.04    No Agency.    Nothing in this Agreement shall constitute or be deemed to constitute a partnership or joint
venture between the parties hereto or constitute or be deemed to constitute any party the agent or employee of the other party for any purpose whatsoever and neither party shall have authority or
power to bind the other or to contract in the name of, or create a liability against, the other in any way or for any purpose. 

        6.05    Subcontractors.    Either party hereto may hire or engage one or more subcontractors to perform all or any of
its obligations under this Agreement; provided that, subject to Section 4.02, TMP shall in all cases remain primarily responsible for all obligations undertaken by it in this Agreement with
respect to the scope, quality and nature of the TMP Services and HHGI shall in all cases remain primarily responsible for all obligations undertaken by it in this Agreement with respect to the scope,
quality and nature of the HHGI Services. 

        6.06    Force Majeure.    (a) For purposes of this Section, "Force
Majeure" means an event beyond the control of either party, which by its nature could not have been foreseen by such party, or, if it could have been foreseen, was unavoidable,
and includes without limitation, acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or
undeclared) and failure of energy sources. 

        (b)  Without
limiting the generality of Section 4.02(a), neither party shall be under any liability for failure to fulfill any obligation under this Agreement, so long
as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, or delayed as a consequence of circumstances of Force Majeure; provided that such party shall have
exercised all due diligence to minimize to the greatest extent possible the effect of Force Majeure on its obligations hereunder. 

        (c)  Promptly
on becoming aware of Force Majeure causing a delay in performance or preventing performance of any obligations imposed by this Agreement (and termination of
such delay), the party affected shall give written notice to the other party giving details of the same, including particulars of the actual and, if applicable, estimated continuing effects of such
Force Majeure on the obligations of the party whose performance is prevented or delayed. If such notice shall have been duly given, and actual delay resulting from such Force Majeure shall be deemed
not to be a breach of this Agreement, and the period for performance of the obligation to which it relates shall be extended accordingly; provided that if Force Majeure results in the performance of a
party being delayed by more than 60 days, the other party shall have the right to terminate this Agreement with respect to any Service affected by such delay forthwith by written notice. 

        6.07    Information.    Subject to applicable law and privileges, each party hereto covenants and agrees to provide
the other party with all information regarding itself and transactions under this Agreement that the other party reasonably believes are required to comply with all applicable federal, state, county
and local laws, ordinances, regulations and codes, including, but not limited to, securities laws and regulations. 

8

 

        6.08    Notices.    All notices and other communications to any party hereunder shall be in writing (including
facsimile or similar writing) and shall be deemed given when received addressed as follows: 

If
to TMP, to: 

TMP
Worldwide Inc.

622 Third Avenue, 38th Floor

New York, New York 10017

Facsimile: (917) 256-8026

Attention: Andrew J. McKelvey 

With
a copy to: 

TMP
Worldwide Inc.

622 Third Avenue, 38th Floor

New York, New York 10017

Facsimile: (917) 256-8526

Attention: Myron Olesnyckyj 

Fulbright &
Jaworski L.L.P.

666 Fifth Avenue

New York, New York 10103

Facsimile: (212) 318-3400

Attention: Gregg J. Berman, Esq. 

If
to HHGI, to: 

Hudson
Highland Group, Inc.

622 Third Avenue

New York, New York 10017

Facsimile: (917) 256-8403

Attention: Jon F. Chait 

With
a copy to: 

Hudson
Highland Group, Inc.

225 West Wacker Drive, Suite 2100

Chicago, Illinois 60606

Facsimile: (312) 782-1743

Attention: Latham Williams 

Any
party may, by written notice so delivered to the other parties, change the address to which delivery of any notice shall thereafter be made. 

        6.09    Severability.    If any provision of this Agreement shall be invalid or unenforceable, such invalidity or
unenforceability shall not render the entire Agreement invalid. Rather, the Agreement shall be construed as if not containing the particular invalid or unenforceable provision, and the rights and
obligations of each party shall be construed and enforced accordingly. 

        6.10    Amendments; No Waivers.    

        (a)  Any
provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by TMP and
HHGI, or in the case of a waiver, by the party against whom the waiver is to be effective. 

        (b)  No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and 

9

 

remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

        6.11    Successors and Assigns.    The provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns; provided that neither party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the
consent of the other parties hereto. 

        6.12    Governing Law.    This Agreement shall be construed in accordance with and governed by the law of the State of
New York, without regard to the conflicts of laws rules thereof. 

        6.13    Counterparts; Effectiveness.    This Agreement may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a
counterpart hereof signed by the other parties hereto. 

        6.14    Entire Agreement.    This Agreement (including the Schedules constituting a part of this Agreement) constitute
the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements, understandings and negotiations, both written and oral, between the
parties with respect to the subject matter hereof and thereof. Neither this Agreement nor any provision hereof is intended to confer upon any Person other than the parties hereto any rights or
remedies hereunder. 

        6.15    Jurisdiction.    Any suit, action or proceeding seeking to enforce any provision of, or based on any matter
arising out of or in connection with, this Agreement or the transactions contemplated hereby may be brought in the United States District Court for the Southern District of New York or any other New
York State court sitting in New York County, and each of the parties hereby consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or
proceeding and irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any
such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in
Section 6.08 shall be deemed effective service of process on such party. 

        6.16    Captions.    The captions herein are included for convenience of reference only and shall be ignored in the
construction or interpretation hereof. 

        IN
WITNESS WHEREOF, the parties hereto have caused this Transition Services Agreement to be duly executed by their respective authorized officers as of the date first above written. 

	 	 	TMP WORLDWIDE INC.
	

 	
 	
By:	

 
	 	 	 	
 Name:

Title:
	

 	
 	
HUDSON HIGHLAND GROUP, INC.
	

 	
 	
By:	

 
	 	 	 	
 Name:

Title:

10

 
 

Schedules for Services
  Effective as of the Distribution Date    
  

	Schedule #
 
	 	Service Provider
	 	Functional Area

	1	 	TMP/HHGI	 	Tax services
	2	 	TMP	 	Legal services
	3	 	TMP/HHGI	 	Information technology
	4	 	TMP	 	Insurance
	5	 	HHGI	 	Accounting, payroll & administrative
	6	 	HHGI	 	Facilities
	7	 	HHGI	 	Information technology
	8	 	TMP	 	Insurance, human resources, workplace health and safety
	9	 	TMP	 	Secretarial, property and administrative
	10	 	TMP	 	Facilities
	11	 	TMP	 	Accounting services
	12	 	TMP	 	Facilities
	13	 	TMP	 	Facilities
	14	 	TMP	 	Information technology
	15	 	TMP	 	Accounting services

 
 
 

TRANSITION SERVICES SCHEDULE    
  

Schedule
#: 

	 
	 	 
	 	 
	 	 

	Service provider:	 	o TMP Worldwide	 	o Hudson Highland	 	 
	

Functional area:	
 	

o Insurance	
 	

o Tax Services	
 	

o Legal Services
	 	 	o Facilities	 	o Human Resources	 	o Information Technology
	 	 	o Other (describe):	 	 	 	 

Start/end
date: 

Summary
of Services to be provided (describe in appropriate detail): 

S-1

 

Estimated
total Service Costs to service provider: 

Describe
Service Cost methodology and factors affecting total Service Costs: 

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: 

Additional
information: 

        IN
WITNESS WHEREOF, the parties have executed and delivered the foregoing Transition Service Schedule, which is hereby deemed incorporated into and made part of that certain Transition
Services Agreement between TMP Worldwide Inc. and Hudson Highland Group, Inc. 

Date:

	 	 	TMP WORLDWIDE INC.
	

 	
 	
By:	

 Name:

Title:
	

 	
 	
HUDSON HIGHLAND GROUP, INC.
	

 	
 	
By:	

 Name:

Title:

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 1 	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

ý    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

ý    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):	 	 	 	 

Start/end
date: Commencing on the Distribution Date, and ending on the first anniversary of the Distribution Date, unless terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

TMP will provide U.S. federal, state, local and international tax services to HHGI and its Subsidiaries. HHGI will provide international tax services to TMP and its
Subsidiaries in the Asia Pacific region as requested by TMP. The tax services will cover compliance, audits and tax planning activities, including, but not limited to, the following:  

	1.
	 Gathering data necessary to complete tax returns.

 
	2.
	 Preparing U.S. tax returns (U.S. federal, state and local income, franchise and capital tax returns, U.S. foreign transaction reporting and U.S. Form 5471) for filing
with the
appropriate taxing jurisdictions.

 
	3.
	 Assisting in the management of tax audits and negotiations with tax authorities.

 
	4.
	 Reconciling tax accruals to returns as filed.

 
	5.
	 Providing information and preparing tax provisions.

 
	6.
	 Identifying tax-planning opportunities.

 
	7.
	 Providing tax and financing structure planning, including tax efficient financing.

 
	8.
	  Reviewing tax implications of business proposals and assistance with implementation as required.

 
	9.
	 Ensuring the same level of compliance support for the period of the agreement as in the comparable period of the previous year.  

The cost allocation for the services is based on the following: 

	Description
 
	 	North America
	 	Europe
	 	Asia-Pacific
	 
	Direct Staff Costs	 	$	955,000	 	$	200,000	 	$	150,000	 
	Overhead	 	 	264,000	 	 	*	 	 	*	 
	Total Costs	 	 	1,219,000	 	 	200,000	 	 	150,000	 
	**% Allocable to HHGI (TMP)	 	 	25%	 	 	50%	 	 	(50%	)

S-1

 

	Description
 
	 	North America
	 	Europe
	 	Asia-Pacific
	 
	
 	
 	
 	

 	
 	

 	
 	

 	
 
	Total Allocable to HHGI (TMP)	 	 	304,750	 	100,000	 	(75,000	)
	Net Charge to HHGI	 	$	329,750	 	 	 	 	 

        This
will give a net monthly charge of $27,479 from TMP to HHGI. 

Estimated
total Service Costs to HHGI:    US$33,729

Estimated
total Service Costs to TMP:    US$6,250

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI and TMP shall pay each other's direct and indirect, fully allocated costs (including overhead)
of providing the services described in this Schedule, plus out-of-pocket expenses. TMP and HHGI shall cause their respective employees performing the tax services described on this Schedule to
maintain reasonably accurate records as to the portion of their time spent performing such services. HHGI shall also reimburse TMP, and TMP shall reimburse HHGI, for out-of-pocket expenses (including
the costs of outside accountants or other service providers, which HHGI shall have the right to pre-approve, in the event that TMP is the service provider hereunder, and which TMP shall have the right
to pre-approve, in the event that HHGI is the service provider hereunder), incurred in connection with the services provided pursuant to this Schedule. To the extent that outside professional help is
used for particular projects, the projects themselves, the overall costs and the split of the costs between the parties shall be agreed prior to any liability being created. 

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable. 

Additional
information: 

	TMP Contacts:	 	Patrick J. Harrington, Vice President—Taxes

Kate Watson, Regional Tax Manager—Europe 
	

HHGI Contact:	
 	
Sandy Beasley, Regional Tax Manager—Asia Pacific Region 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 2 	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

ý    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):	 	 	 	 

Start/end
date: Commencing on the Distribution Date, and ending four months thereafter, unless extended by written agreement of the parties hereto, but in no event more than
one year after the Distribution Date.  

Summary of Services to be provided (describe in appropriate detail): 

TMP's European General Counsel shall continue to provide for HHGI and its Subsidiaries those legal services that such counsel has historically provided for HHGI as a whole.
Such services shall include, but not be limited to, the following:  

	1.
	 Managing HHGI's relationship with outside counsel in Europe, including, without limitation, tracking outside counsel costs, managing billing and negotiating billing rates.

 
	2.
	 Performing legal services with respect to United Kingdom legal matters, including, without limitation, with respect to (a) employment matters (other than actual
litigation), such as
advising with respect to disputes, drafting letters to departing employees concerning restrictive covenants, advising on policies and procedures, and advising with respect to, drafting or amending
employment and compromise agreements; (b) advising with respect to client and other disputes; (c) reviewing tender documents; (d) drafting and amending client contracts and contracts with suppliers;
(e) advising as to data protection laws and legislation, (f) reviewing documentation for grants, banking facilities, treasury and funding; (g) liaising with tax manager as regards tax disputes; (h)
advising with respect to intellectual property issues, disputes and registrations; and (i) liasing with company secretary as regards property and company secretarial matters.

 
	3.
	 Where practicable, performing legal services with respect to non-United Kingdom legal matters.

 
	4.
	 Acting as a liaison with TMP tax and legal departments in the United States.  

S-1

 

Estimated total Service Costs to service provider: US$95,930 

Describe
Service Cost methodology and factors affecting total Service Costs: During the term that transition services are rendered as provided in this Schedule, TMP shall pay
2/3 of the European General Counsel's salary and benefits and HHGI shall pay 1/3 of the European General Counsel's salary on a monthly basis. TMP shall cause the European
General Counsel to maintain reasonably accurate records as to the portion of her time spent performing legal services for HHGI. HHGI shall also reimburse TMP for out-of-pocket expenses incurred in
connection with the services provided pursuant to this Schedule.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: At the end of the term or upon termination of the
services described in this Schedule, HHGI shall pay to TMP, or TMP shall refund to HHGI, an amount equal to the difference between TMP's direct and indirect, fully allocated costs (including overhead)
of providing the services described in this Schedule and the monthly amounts paid to TMP pursuant to the 2/3 to 1/3 salary and benefits cost sharing arrangement described
above. 

Additional
information: 

TMP
Contact: Sarah Gregory, European General Counsel  

The European General Counsel shall not be required render services to HHGI in connection with any matter in which HHGI's interests conflict with or are
adverse to the interests of TMP.

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 3	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

ý    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

ý    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	ý    Information Technology
	 	 	o    Other (describe):	 	 	 	 

Start/end
date: Commencing on the Distribution Date, and ending on December 31, 2003 (except as otherwise provided in the attached summary with respect to specific services),
unless terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

The TMP Technologies Group will provide technology support services for North American and European users, web sites and office locations to HHGI and its affiliates, as further
described in the attached summary. The HHGI Technologies Group will provide technology support services for European TMP users within agreed to facilities.  

S-1

 

Estimated total Service Costs to service provider: See "Charge Structure" in the attached summary for additional details.

Describe
Service Cost methodology and factors affecting total Service Costs: See "Charge Structure" in the attached summary for additional details.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: See attached summary.

In the event of any termination pursuant to Section 5.02(a), the terminating party shall pay all costs that will be incurred by or imposed on the other party as a direct result
of such termination, including, but not limited to, termination fees with respect to any agreement and any severance obligation.  

S-2

 
TECHNOLOGY  

1    DESCRIPTION OF SERVICES  

 A. SCOPE  

The
TMP Technologies Group ("TMP") will provide Technology support services, for North American & European users, web sites and office locations to Hudson Highland Group, Inc. and its
affiliates ("HHGI"). The HHGI Technologies Group will provide technology support services for European TMP users within agreed to facilities.

 B. TERMS AND CONDITIONS  

	1.
	Any
invoices for services at dedicated HHGI offices with an invoice date after April 1, 2003, are the responsibility of HHGI for payment.

	2.
	HHGI
will use existing TMP vendors to allow existing contracts to be re-negotiated during the agreement term.

	3.
	All
efforts will be made to separate Mail, File, Print, Domain and Other Specialty servers (e.g. Citrix) onto separate equipment, by April 1, 2003.

	4.
	HHGI
shall be responsible for assuring that its domain names are owned by it and in place throughout the term of this Agreement.

	5.
	Shared
company internet connectivity for all HHGI dedicated offices shall be owned and operated by HHGI (Indianapolis, London, Sydney) and in place by April 1, 2003. Some
individual offices will migrate onto separate circuits beyond the April 1 date, but, in any case, will be completed prior to September 1, 2003.

	6.
	Assumes
internal switches and routers are in place in HHGI dedicated offices and duplicate equipment in Shared facilities.

	7.
	Once
a user's email has been migrated to HHGI, HHGI will assume responsibility for e-mail.

	8.
	Assumes
external DNS servers are owned and in place for HHGI.

	9.
	HHGI
will provide service and all support to their dedicated offices, including desktop support, carrier services and billing, network maintenance and monitoring. In cases where HHGI
has an office that is not shared, or new telecomm and data circuits are delayed in being installed, HHGI agrees to pay the invoiced rate for those services under the existing Telecomm or Data Network
contracts.

	10.
	All
HHGI related web site and internal systems servers will be relocated to a HHGI data center environment and supported by HHGI staff starting on or about April 1, 2003, or
additional charges for data center costs will be included by TMP to HHGI.

	11.
	HHGI
will support existing Business Applications in use with their business and TMP will have no obligation to provide such support.

	12.
	There
will be no help desk support provided by TMP to HHGI personnel.

	13.
	Any
UUNET dial up users will be transferred and bill directly to HHGI.

	14.
	All
HHGI employees will not have access to current TMP intranets and Sales Data Warehouses. Copies of intranets and Sales Data Warehouses, as related to HHGI customers, will be
provided to HHGI for potential separate implementations on HHGI infrastructure. 

S-3

 

	15.
	During
the term of this Agreement, TMP & HHGI shall be required to provide desktop, telco services at substantially the same, and not a higher, level of functionality and
service as that maintained as of the date of this Agreement. 

 C. SHARED FACILITIES  

 North America  

	•
	The
following are identified as Shared facilities in this region;

	•
	See
schedule A attached 

 Europe  

	•
	The
following are identified as Shared facilities in this region;

	•
	See
schedule B attached 

 D. CHARGE STRUCTURE  

	•
	Global Email forwarding service Charge

	•
	Email
forwarding service for 3 months after the Distribution Date

	•
	All
email received by designated employees (transferred to HHGI) to their TMP email address will be forwarded to their new equivalent HHGI email address

	•
	A
list of current email addresses to forward will be provided to TMP Technologies by March 15, 2003, and an update to such list will be provided to
TMP Technologies on the Distribution Date 

	•
	A
monthly fee of $4,000 will be charged to HHGI for this forwarding service for a period of three months.

	•
	Beginning
on or about July 1, an email address change notification will be displayed when email is submitted to the former TMP email addresses,
notifying the sender of the new email address for the HHGI employee, this service will be provided until December 31, 2003.

	•
	Shared Facilities Definition, Terms and Conditions

	•
	A
shared facility is defined as one office (one lease or landlord), where both HHGI and TMP staff are located and provided services by the local technical
staff.

	•
	Shared
Technical assets (not individual pcs, laptops, phones, software) ownership and responsibility for local technical support will be provided by the
lease holder (Office Owner).

	•
	In
shared facilities, all efforts will be made by both staff (HHGI & TMP) to install duplicate network and telco facilities so as to have separate
facilities by September 1, 2003.

	•
	In
a situation where the number of either HHGI or TMP staff within a shared facility does not justify separate infrastructure then an appropriate charge will
be made to the non-office owner company for the shared use of the office owner company's infrastructure.

	•
	Any
office cost charge variance of greater than 20% from one month to the next, requires notification to charged company's technical primary contact, on a
monthly basis.

	•
	Rate Structure for Shared Facility Services

S-4

 

	•
	At
each location where services are provided, all costs required to provide the service, including but not limited to provision of equipment, maintenance
expenses, equipment depreciation, equipment lease expense, occupancy required for equipment, calling services and management fees shall be tallied to form a total monthly cost. The tracking of
the office costs is the responsibility of the Office Owner. The monthly cost charge shall define the number of office users apportioned to the customer. The customer shall pay a percentage of total
monthly cost. This percentage is defined by the number of customer office users, divided by the total office users in the facility. Office user counts can be adjusted with a 30 day notification
to the Office Owner. Confirmation on changes in headcount is required by the Office Owner, prior to adjusting the user counts. Charges shall accrue in full month increments.

	•
	As Needed Services

	•
	For
specific services & support requested by HHGI or TMP (Europe) (As Needed Services) and as related to: 

	•
	Communications, Security & Voice Support: Support for hardware/software/configuration for Voice, Data,
Internet. Security, Mobile and remote access including billing.

	•
	Site Support Services (Desktop/LAN/Technology Services):

	•
	Local Server Management

	•
	Backup Support: Resources performing backups on HHGI or TMP (Europe) file servers.

	•
	Business Systems: Support for the front & back office TMP/HHGI business systems and associated
technical infrastructure hardware/software.

	•
	Messaging: Support for the hardware/resource/software/configuration and related email issues arising.

	•
	Network Services: Support for level 2 desktop/server issues arising following the split.

	•
	Call forwarding service provided by a telecommunications provider: Local calls into TMP offices will be
forwarded for to a new number within HHGI office for any individual for a period as determined by the provider's policy and not to exceed 90 days.

	•
	TMP Help Desk Services

	•
	This
support between HHGI & TMP (Europe) will be provided free of charge to a maximum amount of hours per week during the term of the agreement in
accordance with the following: 

Month
1 - 20 hours max

Month 2 - 16 hours max

Month 3 - 12 hours Max

Month 4 - 8 hours Max

Month 5 - 4 hours Max

Month 6 - 2 hours max 

Thereafter
this period, the charges for any as needed services will default to the enforced charges referenced in Rate Structure for as Needed Services below. 

	•
	Rate Structure for As Needed Services

	•
	Call
forwarding service—USD$50 per month for each individual number forwarded. Where the call forward is over a Public network. 

S-5

 

	•
	USD$50
per hour (with a one hour minimum) for any work during business hours (8:00 - 5:00 EST) on business days.

	•
	For
work outside of business hours the rate will be USD$80 (with a two hour minimum)

	•
	As
needed service will be billed monthly by TMP.

	•
	Administrative Services

	•
	All
invoices for HHGI expenses will be collected and forwarded to the appropriate single regional designee within HHGI. All invoices received will be
forwarded on a weekly basis. This invoice collection and forwarding service will be provided until September 1, 2003.

	•
	Rate Structure for Administrative Services

	•
	A
monthly fee of USD$2,000 will be charged to HHGI for the term of this agreement. 

 E. PRIMARY CONTACTS  

The
primary contacts for the services are as follows: 

TMP:    Brian
Farrey, President, TMP Technologies 

HHGI:    John
Allison 

S-6

   
TMP shall redirect the following web sites to HHGI's site as indicated on the Distribution Date. 

admin.eresourcing.tmp.com

at.eresourcing.tmp.com

be.eng.eresourcing.tmp.com

be.eresourcing.tmp.com

be.fl.eresourcing.tmp.com

be.fr.eresourcing.tmp.com

benelux.eng.eresourcing.tmp.com

benelux.eresourcing.tmp.com

benelux.fr.eresourcing.tmp.com

benelux.nl.eresourcing.tmp.com

br.eresourcing.tmp.com

cz.eresourcing.tmp.com

denmark.eresourcing.tmp.com

deutschland.eresourcing.tmp.com

dk.eresourcing.tmp.com

er.tmpw.co.uk

eresourcing.insideworldwide.com

eresourcing.tmp.com

es.eresourcing.tmp.com

fi.eresourcing.tmp.com

finland.eresourcing.tmp.com

fr.eresourcing.tmp.com

germany.eresourcing.tmp.com

hu.eresourcing.tmp.com

ie.eresourcing.tmp.com

it.eresourcing.tmp.com

netherlands.eresourcing.tmp.com

nl.eresourcing.tmp.com

no.eresourcing.tmp.com

norway.eresourcing.tmp.com

pl.eresourcing.tmp.com

recruitment.tmp.com

scotland.eresourcing.tmp.com

se.eresourcing.tmp.com

sk.eresourcing.tmp.com

spain.eresourcing.tmp.com

staffturnover.eresourcing.tmp.com

sweden.eresourcing.tmp.com

tmpapex.co.uk

tmp-apex.co.uk

tmpapex.com

tmpexec.co.uk

tmpexec.com

tmpexec.eresourcing.tmp.com

tmpfrance.com

tmpsearch.co.uk

tmpsearch.com

tmpsoler.no

tmpwexec.com

uk.eresourcing.tmp.com

uk.intranet-eresourcing.tmp.com 

S-11

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 4 	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

ý    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):	 	 	 	 

Start/end
date: From time to time, on an as needed basis, commencing on or after the Distribution Date.  

Summary of Services to be provided (describe in appropriate detail): 

TMP shall provide the insurance transition services described in Section 7.02(a) of the Distribution Agreement from time to time at the request of HHGI, and the transition
services described in Section 7.02(c)(i) of the Distribution Agreement from time to time upon receipt of HHGI's prior approval as provided therein.  

S-1

 

Estimated total Service Costs to service provider: Not applicable.  

Describe Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect, fully allocated costs (including
overhead) of providing the services described in this Schedule, plus out-of-pocket expenses. TMP shall cause its employees performing the insurance services described on this Schedule to maintain
reasonably accurate records as to the portion of their time spent performing such services.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.  

Additional information: 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 5 	 	 	 	 	 	 
	

Service provider:	
 	

o    TMP Worldwide	
 	

ý    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	ý    Other (describe):  Accounting, payroll and administrative services

Start/end
date: Commencing on the Distribution Date, and ending on the first anniversary of the Distribution Date, unless terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

HHGI shall continue to provide the accounting, payroll and other administrative services it has historically provided for TMP Technologies employees at Vladislovova 16, Praha
1, Prague, Czechoslovakia, including, without limitation:  

	1.
	 Payroll, including subsidized food coupons distributed to employees.

 
	2.
	 All accounting (accounts payable, contract ownership, vendor relationships).

 
	3.
	 Other administrative services, including the following: (a) paying for rent and utilities of the flat occupied by TMP Tech manager in Prague; (b) administration and
payment of shared
services (Power, Water, Heat, and Electricity); (c) administration and payment of contracts for other shared services such as cleaning service, coffee and office supplies; and (d) managing mobile
phone contracts for managers and on-call staff.  

S-1

 

Estimated total Service Costs to service provider: US$941 per month

Describe
Service Cost methodology and factors affecting total Service Costs: TMP shall pay HHGI's direct and indirect, fully allocated costs (including overhead) of providing
the services described in this Schedule, plus out-of-pocket expenses. In the case of expenses shared by TMP and HHGI, TMP shall pay its pro rata share of such expenses based upon headcount at the
Prague facility for the relevant time period. HHGI shall cause its employees performing the accounting, payroll and other administrative services described on this Schedule to maintain reasonably
accurate records as to the portion of their time spent performing such services.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable. 

Additional
information: 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 6	 	 	 	 	 	 
	

Service provider:	
 	

o    TMP Worldwide	
 	

ý    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	ý    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):	 	 	 	 

Start/end
date: Commencing on the Distribution Date, and ending on the first anniversary of the Distribution Date, unless terminated earlier; provided, however that notice of
termination pursuant to Section 5.02(a) may not be given by TMP prior to October 31, 2003.

Summary
of Services to be provided (describe in appropriate detail): 

HHGI shall continue to provide the facilities services it has historically provided for TMP Technologies employees at Vladislovova 16, Praha 1, Prague, Czechoslovakia,
including, without limitation:  

	1.
	 Facilities management, building infrastructure, plumbing, electrical, structural questions, problems.

 
	2.
	 Use of photocopier.

 
	3.
	 Main reception area, mail routing, deliveries, answering the main building door for visitors, guests.

 
	4.
	 Shared tech infrastructure, including: (a) Phone System/External Lines, (b) Internet connectivity, and (c) Security System, administration and contract with security
company.  

S-1

 

Estimated total Service Costs to service provider: US$3,185 per month  

Describe Service Cost methodology and factors affecting total Service Costs: TMP shall pay HHGI's direct and indirect, fully allocated costs (including
overhead) of providing the services described in this Schedule, plus out-of-pocket expenses. In the case of expenses shared by TMP and HHGI, TMP shall pay its pro rata share of such expenses based
upon headcount at the Prague facility for the relevant time period. HHGI shall cause its employees performing the facilities services described on this Schedule to maintain reasonably accurate records
as to the portion of their time spent performing such services.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 7	 	 	 	 	 	 
	

Service provider:	
 	

o    TMP Worldwide	
 	

ý    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	ý    Information Technology
	 	 	o    Other (describe):

Start/end
date: Commencing on the Distribution Date, and ending six months thereafter, unless terminated earlier.

Summary
of Services to be provided (describe in appropriate detail): 

See Part 1(a) of attached summary.  

S-1

 

Estimated total Service Costs to service provider: See Part 1(b) and Part 2 of attached summary.

Describe
Service Cost methodology and factors affecting total Service Costs: See Part 1(b) and Part 2 of attached summary.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable

Additional
information: 

S-2

 
Part 1

Services  

(a)
To provide IT support in the following areas in the Asia Pacific Region: 

Communications,
security & Voice support: Support for hardware/software/configuration for Voice, Data, Internet, Security, Mobile and remote access including billing issues 

Business
systems: Support for the front and back office TMP business systems and associated technical infrastructure hardware/software 

Messaging:
Support for the hardware/software/configuration and related email issues arising 

Helpdesk:
Support for any issues arising following the outsourcing of the TMP Helpdesk

Network Services: Support for level 2 desktop/server issues arising following the split 

(b)
The support will be provided free of charge to a maximum amount of hours per week during the term of the agreement in accordance with the following: 

Month
1 - 20 hours max

Month 2 - 16 hours max

Month 3 - 12 hours Max

Month 4 - 8 hours Max

Month 5 - 4 hours Max

Month 6 - 2 hours max 

Part 2

Agreed Billing  

Hours
in excess of Part 1 paragraph (b) will be billed as follows: 

AUS$80
+GST per hour for any work during business hours (8:00 - 18:00 Australian Eastern Standard Time) on business days in News South Wales, Australia. 

For
work outside of business hours the rate will be AUS$160 + GST per hour. 

Where
work is performed outside of Australia, GST means any applicable service taxes or similar payable in the jurisdiction where the Services are performed. 

The
parties may agree to apply the Agreed Billing to the Services during the period referred to in Part 1 paragraph (b) where it is agreed the work to be performed is unusual or
demanding. 

S-3

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 8	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

ý    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	ý    Human Resources	 	o    Information Technology
	 	 	ý    Other (describe): Workplace health and safety

Start/end
date: In the case of the health insurance services described in paragraph 1 below, commencing on the Distribution Date and ending on the renewal date of TMP's health
insurance policy in October 2003. In the case of all other services described below, commencing on the Distribution Date, and ending on the first anniversary of the Distribution Date, unless
terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

TMP shall provide the following and related services to HHGI in the United Kingdom:  

	1.
	 TMP shall provide health insurance coverage to HHGI's United Kingdom employees under its health insurance scheme on the same terms that similarly situated TMP employees are provided
such coverage.

 
	2.
	  Management of pensions including Company Pension Schemes; administration and compliance of Group Personal Pension Plan and dealing with annual review/renewal;
administration of old
plans; wind up and closure administration; administration of individual personal pension plans.

 
	3.
	 Management and administration of Private Medical Insurance Plan, Group Life Assurance, and PHI Plans and management of claims and dealing with annual review and
renewal; management and
administration of business and Commercial Insurance Policies for the UK and Ireland and dealing with annual review and renewal; liaison and implementation of global insurance programme to the UK/Irish
businesses.

 
	4.
	  Health and Safety Officer including Health & Safety Implementation and compliance; undertaking risk assessments; undertaking basic work station assessments;
supervising Health &
Safety/CDM compliance of external contractors.

 
	5.
	 Administration and submission of work permit applications.

 
	6.
	 Management of office relocations including supervision and delivery of relocation requirements all UK offices; Liaison with removers and ITS.  

S-1

 

Estimated total Service Costs to service provider: US$67,502

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect, fully allocated costs (including overhead) of providing
the services described in this Schedule, plus out-of-pocket expenses. In the case of expenses shared by TMP and HHGI (including the expense of providing health insurance coverage as described above),
HHGI shall pay its pro rata share of such expenses based upon headcount for the relevant time period. TMP shall cause its employees performing the services described on this Schedule to maintain
reasonably accurate records as to the portion of their time spent performing such services.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

        TMP Contact: John Upwood

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 9	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	ý    Other (describe): Secretarial, property and administrative services

Start/end
date: Commencing on the Distribution Date, and ending on the first anniversary of the Distribution Date, unless terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

TMP shall provide the following and related administrative services to HHGI in the United Kingdom:  

	1.
	 Company Secretarial services for all UK companies including maintenance of statutory records; minuting of board meetings etc; filing returns at Companies House.

 
	2.
	 Property Services including acquisition and disposal of leases; checking and authorization of rent and service charge payments; checking and authorization of business
rates; obtaining
consents from landlord for works; management of sub let properties and collection of rent and service charges; management of property advisers.

 
	3.
	 Supervision of refurbishment projects all UK; liaison and supervision of contractors; delivery of projects.

 
	4.
	 Co-ordination of supplies/suppliers of office furniture; Delivery of furniture to locations and installation.

 
	5.
	 Management and ordering of printed and non printed stationery; Negotiations with suppliers.

 
	6.
	 Delivery and maintenance of office equipment; Replacement of equipment.

 
	7.
	 Management and administration of car fleet and liaison with suppliers and accident managers.  

S-1

 

Estimated total Service Costs to service provider: US$67,502

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect, fully allocated costs (including overhead) of providing
the services described in this Schedule, plus out-of-pocket expenses. In the case of expenses shared by TMP and HHGI, HHGI shall pay its pro rata share of such expenses based upon headcount at the
relevant facilities for the relevant time period. TMP shall cause its employees performing the services described on this Schedule to maintain reasonably accurate records as to the portion of their
time spent performing such services.  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

TMP Contact: John Upwood  

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 10	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	ý    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):

Start/end
date: Commencing on the Distribution Date, and ending simultaneously with the expiration of the last remaining sublease between TMP and HHGI dated March
            , 2003, unless terminated earlier.  

Summary of Services to be provided (describe in appropriate detail): 

TMP shall continue to provide the facilities services it has historically provided for HHGI employees at Chancery House, 53-64 Chancery Lane, London, including, without
limitation, cleaning, security, pest
control, switchboard, post room and dispatch, reception, placing orders for consumables requested by HHGI, and other facilities services requested by HHGI.  

Estimated total Service Costs to service provider: US$246,300 

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect, fully allocated costs (including overhead) of providing
the services described in this Schedule, plus out-of-pocket expenses. In the case of expenses shared by TMP and HHGI, HHGI shall pay its pro rata share of such expenses based upon square footage of
space occupied at Chancery House (ignoring vacant or sublet space unless a subtenant occupies such space).  

Describe how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

S-1

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 11	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	ý    Other (describe): Accounting services

Start/end
date: Commencing on the Distribution Date, and ending on June 30, 2003, unless terminated earlier.

Summary
of Services to be provided (describe in appropriate detail): 

TMP shall provide HHGI the services of the following accounting employees and functions (or replacements of the following accounting employees during the term of the transition
services described in this schedule), in Milwaukee, Wisconsin for HHGI's eResourcing North America and Corporate Divisions:  

Accounts payable: Cheri Callies, Kelly Wolter, Laura Ayers and one temporary employee;

Collections: Carrie Wichgers, Sheila Conaway, Angel Bates, Michelle Garcia, Oscar Hare, Michelle Ogbaekwe;

Cash Application: Don Coffmann;

Controller: Kim Schulte;

Staff Accountants: Trish Howsare, Rowena Jaenchen and Jennifer Mehalko;

Other: Paul Piorier and Nigel Crouch.  

S-1

 

Estimated total Service Costs to service provider: US $60,042 per month with respect to eResourcing accounting services and $16,667 per month with
respect to Corporate accounting services.

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect costs (including employee salaries and employee benefits)
of providing the services described in this Schedule, plus out-of-pocket expenses. TMP shall cause its employees performing the services described on this Schedule to maintain reasonably accurate
records as to the portion of their time spent performing such services.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

With respect to services in Milwaukee, HHGI shall furnish TMP one month's notice as the services of specific employees are no longer required.

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 12	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	ý    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):

Start/end
date: Commencing on the Distribution Date, and ending on June 30, 2003, unless terminated earlier.

Summary
of Services to be provided (describe in appropriate detail): 

TMP shall provide office and cubicle space, and related facilities services, for HHGI (executive search) employees in Milwaukee, Wisconsin.

S-1

 

Estimated
total Service Costs to service provider: US$3,210 per month

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP a flat rate of $3,210 per month for the services described in this Schedule,
plus out-of-pocket expenses.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: HHGI shall furnish TMP one month's notice as the office space is no
longer required.

Additional
information: 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 13	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	ý    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	o    Other (describe):

Start/end
date: Commencing on the Distribution Date, and ending on June 30, 2003, unless terminated earlier.

Summary
of Services to be provided (describe in appropriate detail): 

TMP shall provide office and cubicle space, and related facilities services, for HHGI (eResourcing) employees in Milwaukee, Wisconsin.  

S-1

 

Estimated total Service Costs to service provider: US$8,210 per month

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP a flat rate of $8,210 per month for the services described in this Schedule,
plus out-of-pocket expenses.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: HHGI shall furnish TMP one month's notice as the office space is no
longer required.

Additional
information: 

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 14	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	ý    Information Technology
	 	 	o    Other (describe):

Start/end
date: Commencing on the Distribution Date, and ending on the earlier of April 15, 2003 or the March 2003 period close, unless terminated
earlier.

Summary
of Services to be provided (describe in appropriate detail): 

TMP will provide HHGI users worldwide with access (subject to the restrictions described in this Schedule) to its accounting applications, including Oracle, Hyperion, Citrix
and shared drives, on an as needed basis in each region, as HHGI transitions to its own accounting systems.

S-1

 

Estimated
total Service Costs to service provider: See Service Cost methodology below

Describe
Service Cost methodology and factors affecting total Service Costs: USD$50 per hour (with a one hour minimum) for any work during business hours (8:00-5:00 EST) on
business days. For work outside of business hours the rate will be USD$80 (with a two hour minimum).

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

The parties shall maintain the confidentiality of financial information and other data in accordance with Section 6.01.

S-2

  

 
 

TRANSITION SERVICES SCHEDULE    
  

	Schedule #: 15	 	 	 	 	 	 
	

Service provider:	
 	

ý    TMP Worldwide	
 	

o    Hudson Highland
	

Functional area:	
 	

o    Insurance	
 	

o    Tax Services	
 	

o    Legal Services
	 	 	o    Facilities	 	o    Human Resources	 	o    Information Technology
	 	 	ý    Other (describe): Accounting services

Start/end
date: Commencing on the Distribution Date, and ending on June 30, 2003, unless terminated earlier.

Summary
of Services to be provided (describe in appropriate detail): 

TMP shall provide HHGI accounting services in Montreal and Toronto, Canada in a manner that is substantially consistent with existing services enjoyed by eResourcing and
Executive Search. Such services are generally provided in approximately 16 hours per week.

Estimated
total Service Costs to service provider: US$1,458 per month.

Describe
Service Cost methodology and factors affecting total Service Costs: HHGI shall pay TMP's direct and indirect costs (including employee salaries and employee benefits)
of providing the services described in this Schedule, plus out-of-pocket expenses. TMP shall cause its employees performing the services described on this Schedule to maintain reasonably accurate
records as to the portion of their time spent performing such services.

Describe
how Service Costs will be adjusted in the event of an increase/decrease in Services provided: Not applicable.

Additional
information: 

HHGI shall furnish TMP one month's notice as the accounting services are no longer required.

S-1

        IN WITNESS WHEREOF, the parties have executed and delivered the foregoing Transition Service Schedules, which are hereby deemed incorporated into and made part of that certain Transition
Services Agreement between TMP Worldwide Inc. and Hudson Highland Group, Inc. 

	Date:	 	 	 	 
	 	 	 	 	 
	 	 	TMP WORLDWIDE INC.
	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	
 Name:

Title:
	 	 	 	 	 
	 	 	HUDSON HIGHLAND GROUP, INC.
	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	
 Name:

Title:

QuickLinks

Exhibit 10.2

TABLE OF CONTENTS

TRANSITION SERVICES AGREEMENT

ARTICLE 1 DEFINITIONS

ARTICLE 2 PURCHASE AND SALE OF SERVICES

ARTICLE 3 SERVICE COSTS; OTHER CHARGES

ARTICLE 4 THE SERVICES

ARTICLE 5 TERM AND TERMINATION

ARTICLE 6 MISCELLANEOUS

Schedules for Services Effective as of the Distribution Date

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

TRANSITION SERVICES SCHEDULE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}]]