Document:

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                                                                    EXHIBIT 10.1

                 AMENDMENT #6 TO RECEIVABLES PURCHASE AGREEMENT

         THIS AMENDMENT #6 TO RECEIVABLES PURCHASE AGREEMENT, dated as of June
26, 2006 (this "AMENDMENT"), is by and among PFG Receivables Corporation, a
Florida corporation ("SELLER"), Performance Food Group Company, a Tennessee
corporation, as initial Servicer (together with Seller, the "SELLER PARTIES"),
Jupiter Securitization Company LLC (f/k/a Jupiter Securitization Corporation)
("CONDUIT") and JPMorgan Chase Bank, N.A., successor by merger to Bank One, NA
(Main Office Chicago), individually (together with Conduit, the "PURCHASERS")
and as agent for the Purchasers (in such capacity, the "AGENT"), and pertains to
the Receivables Purchase Agreement, dated as of July 3, 2001 (as heretofore
amended, the "EXISTING AGREEMENT"). Unless defined elsewhere herein, capitalized
terms used in this Amendment shall have the meanings assigned to such terms in
the Existing Agreement.

                              W I T N E S S E T H:

         WHEREAS, the parties desire to amend the Existing Agreement as
hereinafter set forth.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

         1. Amendments.

         (a) Each of the following definitions in the Existing Agreement is
hereby amended and restated in its entirety to read, respectively, as follows:

                  "FEE LETTER" means that certain amended and restated fee
         letter dated as of June 26, 2006 among Seller, PFG and the Agent, as it
         may be amended, restated or otherwise modified and in effect from time
         to time.

                  "LIQUIDITY TERMINATION DATE" means June 25, 2007.

                  "PFG CREDIT AGREEMENT" means that certain Second Amended and
         Restated Credit Agreement, dated as of October 7, 2005, by and among
         PFG, as borrower, the lenders who are or may become a party thereto and
         Wachovia Bank, National Association, as administrative agent, as the
         same has been amended through the date hereof but without taking into
         account any subsequent amendment, and whether or not the same remains
         in effect.

         (b) All references in the Existing Agreement to "Jupiter Securitization
Corporation" are hereby replaced with "Jupiter Securitization Company LLC."

         2. Representations and Warranties of the Seller Parties. In order to
induce the Agent and the Purchasers to enter into this Amendment, each Seller
Party hereby represents and warrants to the Agent and the Purchasers (i) that as
of the date hereof, each of such Seller Party's representations and warranties
set forth in Section 5.1 of the Existing Agreement is true

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and correct as of the date hereof, and (ii) that, as to itself, each of the
following representations and warranties is true and correct as of the date
hereof:

                  (a) Power and Authority; Due Authorization, Execution and
         Delivery. The execution and delivery by such Seller Party of this
         Amendment, and the performance of its obligations under the Existing
         Agreement as amended hereby, are within its corporate powers and
         authority and have been duly authorized by all necessary corporate
         action on its part. This Amendment has been duly executed and delivered
         by such Seller Party.

                  (b) No Conflict. The execution and delivery by such Seller
         Party of this Amendment, and the performance of its obligations under
         the Existing Agreement as amended hereby do not contravene or violate
         (i) its certificate or articles of incorporation or by-laws, (ii) any
         law, rule or regulation applicable to it, (iii) any restrictions under
         any agreement, contract or instrument to which it is a party or by
         which it or any of its property is bound, or (iv) any order, writ,
         judgment, award, injunction or decree binding on or affecting it or its
         property, and do not result in the creation or imposition of any
         Adverse Claim on assets of such Seller Party or its Subsidiaries
         (except as created hereunder) except, in any case, where such
         contravention or violation could not reasonably be expected to have a
         Material Adverse Effect; and no transaction contemplated hereby
         requires compliance with any bulk sales act or similar law.

                  (c) Governmental Authorization. Other than the filing of the
         financing statements required hereunder, no authorization or approval
         or other action by, and no notice to or filing with, any governmental
         authority or regulatory body is required for the due execution and
         delivery by such Seller Party of this Amendment and the performance of
         its obligations under the Existing Agreement as amended hereby.

                  (d) Binding Effect. This Amendment and the Existing Agreement
         as amended hereby constitute the legal, valid and binding obligations
         of such Seller Party enforceable against such Seller Party in
         accordance with their respective terms, except as such enforcement may
         be limited by applicable bankruptcy, insolvency, reorganization or
         other similar laws relating to or limiting creditors' rights generally
         and by general principles of equity (regardless of whether enforcement
         is sought in a proceeding in equity or at law).

         3. Conditions Precedent. This Amendment shall become effective as of
the date first above written upon delivery to the Agent of (a) counterparts
hereof duly executed by each of the parties hereto, (b) counterparts of an
amendment to the Receivables Sale Agreement, duly executed by the parties
thereto, (c) counterparts of an amended and restated Fee Letter, duly executed
by the parties thereto, and (d) a $20,000 renewal fee in immediately available
funds.

         4. Governing Law. THIS AMENDMENT SHALL BE GOVERNED AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF
ILLINOIS.

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         5. CONSENT TO JURISDICTION. EACH PARTY HEREBY IRREVOCABLY SUBMITS TO
THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR ILLINOIS STATE
COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AMENDMENT OR THE EXISTING AGREEMENT AS AMENDED HEREBY, AND EACH
SELLER PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY
WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH
SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN
INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY
PURCHASER TO BRING PROCEEDINGS AGAINST ANY SELLER PARTY IN THE COURTS OF ANY
OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY SELLER PARTY AGAINST THE
AGENT OR ANY PURCHASER OR ANY AFFILIATE OF THE AGENT OR ANY PURCHASER INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR
CONNECTED WITH THIS AMENDMENT OR THE EXISTING AGREEMENT AS AMENDED HEREBY SHALL
BE BROUGHT ONLY IN A COURT IN CHICAGO, ILLINOIS.

         6. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY
IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTED WITH THIS AMENDMENT OR THE EXISTING AGREEMENT AS
AMENDED HEREBY OR THE RELATIONSHIPS ESTABLISHED THEREUNDER.

         7. Ratification. Except as expressly amended hereby, the Existing
Agreement remains unaltered and in full force and effect and is hereby ratified
and confirmed.

         8. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which when
taken together shall constitute one and the same agreement.

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<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized representatives as of the date
hereof.

PFG RECEIVABLES CORPORATION

By:
   --------------------------------------------------
Name:
Title:

PERFORMANCE FOOD GROUP COMPANY

By:
   --------------------------------------------------
Name:
Title:

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<PAGE>

JUPITER SECURITIZATION COMPANY LLC
(F/KA JUPITER SECURITIZATION CORPORATION)

BY:  JPMORGAN CHASE BANK, N.A., ITS ATTORNEY IN FACT

By:
   --------------------------------------------------
Name:
Title:

JPMORGAN CHASE BANK, N.A., AS A FINANCIAL INSTITUTION AND AS AGENT

By:
   --------------------------------------------------
Name:
Title:

                                       5Stock Incentive Plan

 

Exhibit 4.2

SPHERION CORPORATION

2006 STOCK INCENTIVE PLAN

     1. ESTABLISHMENT, EFFECTIVE DATE AND TERM

Spherion Corporation, a Delaware corporation, hereby establishes the “Spherion Corporation 2006
Stock Incentive Plan.” The Effective Date of the Plan shall be the July 1, 2006; provided,
however, no Award may be granted unless and until the Plan has been approved by Spherion’s
shareholders. Unless earlier terminated pursuant to Section 15(k) hereof, the Plan shall terminate
on the tenth anniversary of the Effective Date.

     2. PURPOSE

The purpose of the Plan is to advance the interests of the Company by allowing the Company to
attract, retain, reward and motivate Eligible Individuals by providing them with an opportunity to
acquire or increase a proprietary interest in Spherion and incentives to expend maximum effort for
the growth and success of the Company so as to strengthen the mutuality of the interests between
the Eligible Individuals and the stockholders of Spherion.

     3. DEFINITIONS

     As used in the Plan, the following terms shall have the meanings set forth below:

          (a) “Award” means any Common Stock, Option, Performance Share, Performance Unit, Restricted
Stock, Stock Appreciation Right or any other award granted pursuant to the Plan.

          (b) “Award Agreement” means a written agreement entered into by Spherion and a Participant
setting forth the terms and conditions of the grant of an Award to such Participant.

          (c) “Board” means the board of directors of Spherion.

          (d) “Cause” means, with respect to a termination of employment or service with the Company, a
termination of employment or service due to a Participant’s dishonesty, fraud, insubordination,
willful misconduct, refusal to perform services (for any reason other than illness or incapacity)
or materially unsatisfactory performance of the Participant’s duties for the Company; provided,
however, that if the Participant and the Company have entered into an employment agreement or
consulting agreement which defines the term Cause, the term Cause shall be defined in accordance
with such agreement with respect to any Award granted to the Participant on or after the effective
date of the respective employment or consulting agreement. The Committee shall determine in its
sole and absolute discretion whether Cause exists for purposes of the Plan.

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          (e) “Change in Control” shall have the meaning ascribed to the phrase “change in the ownership
or effective control of a corporation or in the ownership of a substantial portion of the assets of
a corporation” under Treasury Department Proposed Regulation 1.409A-3(g)(5), as revised from time
to time in either subsequent proposed or final regulations, and in the event that such regulations
are withdrawn or such phrase (or a substantially similar phrase) ceases to be defined, as
determined by the Committee.

          (f) “Change in Control Price” means the price per share of Common Stock paid in any
transaction related to a Change in Control of Spherion.

          (g) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations
promulgated thereunder.

          (h) “Committee” means a committee or sub-committee of the Board consisting of two or more
members of the Board, none of whom shall be an officer or other salaried employee of the Company,
and each of whom shall qualify in all respects as a “non-employee director” as defined in Rule
16b-3 under the Exchange Act, and as an “outside director” for purposes of Code Section 162(m). If
no Committee exists, the functions of the Committee will be exercised by the Board; provided,
however, that a Committee shall be created prior to the grant of Awards to a Covered Employee and
that grants of Awards to a Covered Employee shall be made only by such Committee. Notwithstanding
the foregoing, with respect to the grant of Awards to non-employee directors, the Committee shall
be the Board.

          (i) “Common Stock” means the common stock, $.01 par value per share, of Spherion.

          (j) “Company” means Spherion and all entities whose financial statements are required to be
consolidated with the financial statements of Spherion pursuant to United States generally accepted
accounting principles and any other entity determined to be an affiliate as determined by the
Committee in its sole and absolute discretion.

          (k) “Covered Employee” means “covered employee” as defined in Code Section 162(m)(3).

          (l) “Covered Individual” means any current or former member of the Committee, any current or
former officer of the Company, or any individual designated pursuant to Section 5(b).

          (m) “Detrimental Activity” shall mean (i) the disclosure to anyone outside the Company, or the
use in other than the Company’s business, without written authorization from the Company, of any
confidential information or proprietary information, relating to the business of the Company,
acquired by a Participant prior to a termination of the Participant’s employment or service with
the Company; (ii) activity while employed or providing services that results, or if known could
result, in the termination of the Participant’s employment or service that is classified by the
Company as a termination for Cause; (iii) any attempt, directly or indirectly, to solicit, induce
or hire (or the identification for solicitation, inducement or hiring of) any non-

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clerical employee of the Company to be employed by, or to perform services for, the
Participant or any person or entity with which the Participant is associated (including, but not
limited to, due to the Participant’s employment by, consultancy for, equity interest in, or
creditor relationship with such person or entity) or any person or entity from which the
Participant receives direct or indirect compensation or fees as a result of such solicitation,
inducement or hire (or the identification for solicitation, inducement or hire) without, in all
cases, written authorization from the Company; (iv) any attempt, directly or indirectly, to solicit
in a competitive manner any current or prospective customer of the Company without, in all cases,
written authorization from the Company; (v) the Participant’s Disparagement, or inducement of
others to do so, of the Company or their past and present officers, directors, employees or
products; (vi) without written authorization from the Company, the rendering of services for any
organization, or engaging, directly or indirectly, in any business, which is competitive with the
Company, or which organization or business, or the rendering of services to such organization or
business, is otherwise prejudicial to or in conflict with the interests of the Company; provided,
however that competitive activities shall only be those competitive with any business unit of the
Company with regard to which the Participant performed services at any time within the two (2)
years prior to the termination of the Participant’s employment or service; or (vii) any other
conduct or act determined by the Committee, in its sole discretion, to be injurious, detrimental or
prejudicial to any interest of the Company. For purposes of subparagraphs (i), (iii), (iv) and
(vi) above, the Chief Executive Officer and the General Counsel of the Company shall each have
authority to provide the Participant with written authorization to engage in the activities
contemplated thereby and no other person shall have authority to provide the Participant with such
authorization.

          (n) “Disability” means a “permanent and total disability” within the meaning of Code Section
22(e)(3); provided, however, that if a Participant and the Company have entered into an employment
or consulting agreement which defines the term Disability for purposes of such agreement,
Disability shall be defined pursuant to the definition in such agreement with respect to any Award
granted to the Participant on or after the effective date of the respective employment or
consulting agreement. The Committee shall determine in its sole and absolute discretion whether a
Disability exists for purposes of the Plan.

          (o) “Disparagement” means making any comments or statements to the press, the Company’s
employees or any individual or entity with whom the company has a business relationship which would
adversely affect in any manner: (i) the conduct of the business of the Company (including, without
limitation, any products or business plans or prospects), or (ii) the business reputation of the
Company or any of its products, or its past or present officers, directors or employees.

          (p) “Dividend Equivalents” means an amount equal to the cash dividends paid by the Company
upon one share of Common Stock subject to an Award granted to a Participant under the Plan.

          (q) “Effective Date” shall mean July 1, 2006.

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          (r) “Eligible Individual” means any employee, officer, director (employee or non-employee
director) of the Company and any Prospective Employee to whom Awards are granted in connection with
an offer of future employment with the Company.

          (s) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (t) “Exercise Price” means the purchase price of each share of Common Stock subject to an
Award.

          (u) “Fair Market Value” means, unless otherwise required by the Code, as of any date, the last
sales price reported for the Common Stock on such date (i) as reported by the national securities
exchange in the United States on which it is then traded or (ii) if not traded on any such national
securities exchange, as quoted on an automated quotation system sponsored by the National
Association of Securities Dealers, Inc., or if the Common Stock shall not have been reported or
quoted on such date, on the first day prior thereto on which the Common Stock was reported or
quoted; provided, however, that the Committee may modify the definition of Fair Market Value to
reflect any changes in the trading practices of any exchange or automated system sponsored by the
National Association of Securities Dealers, Inc. on which the Common Stock is listed or traded. If
the Common Stock is not readily traded on a national securities exchange or any system sponsored by
the National Association of Securities Dealers, Inc., the Fair Market Value shall be determined in
good faith by the Committee.

          (v) “Grant Date” means the date on which the Committee approves the grant of an Award or such
later date as is specified by the Committee and set forth in the applicable Award Agreement.

          (w) “Incentive Stock Option” means an “incentive stock option” within the meaning of Code
Section 422.

          (x) “Non-Employee Director” means a director of Spherion who is not an active employee of the
Company.

          (y) “Non-qualified Stock Option” means an Option which is not an Incentive Stock Option.

          (z) “Option” means an option to purchase Common Stock granted pursuant to Sections 7 of the
Plan.

          (aa) “Participant” means any Eligible Individual who holds an Award under the Plan and any of
such individual’s successors or permitted assigns.

          (bb) “Performance Goals” means the specified performance goals which have been established by
the Committee in connection with an Award.

          (cc) “Performance Period” means the period during which Performance Goals must be achieved in
connection with an Award granted under the Plan.

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          (dd) “Performance Share” means a right to receive a fixed number of shares of Common Stock, or
the cash equivalent, which is contingent on the achievement of certain Performance Goals during a
Performance Period.

          (ee) “Performance Unit” means a right to receive a designated dollar value, or shares of
Common Stock of the equivalent value, which is contingent on the achievement of Performance Goals
during a Performance Period.

          (ff) “Person” shall mean any person, corporation, partnership, joint venture or other entity
or any group (as such term is defined for purposes of Section 13(d) of the Exchange Act), other
than a Parent or Subsidiary.

          (gg) “Plan” means this Spherion Corporation 2006 Stock Incentive Plan.

          (hh) “Prospective Employee” means any individual who has committed to become an employee of
the Company within sixty (60) days from the date an Award is granted to such individual.

          (ii) “Restricted Stock” means Common Stock subject to certain restrictions, as determined by
the Committee, and granted pursuant to Section 9 hereunder.

          (jj) “Restricted Stock Unit” means the right to receive to receive a fixed number of shares of
Common Stock, or the cash equivalent, granted pursuant to Section 9 hereunder.

          (kk) “Section 424 Employee” means an employee of Spherion or any “subsidiary corporation” or
“parent corporation” as such terms are defined in and in accordance with Code Section 424. The
term “Section 424 Employee” also includes employees of a corporation issuing or assuming any
Options in a transaction to which Code Section 424(a) applies.

          (ll) “Spherion” means Spherion Corporation, a Delaware corporation.

          (mm) “Stock Appreciation Right” means the right to receive all or some portion of the increase
in value of a fixed number of shares of Common Stock granted pursuant to Section 8 hereunder.

          (nn) “Transfer” means, as a noun, any direct or indirect, voluntary or involuntary, exchange,
sale, bequeath, pledge, mortgage, hypothecation, encumbrance, distribution, transfer, gift,
assignment or other disposition or attempted disposition of, and, as a verb, directly or
indirectly, voluntarily or involuntarily, to exchange, sell, bequeath, pledge, mortgage,
hypothecate, encumber, distribute, transfer, give, assign or in any other manner whatsoever dispose
or attempt to dispose of.

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     4. ELIGIBILITY

Awards may be granted under the Plan to any Eligible Individual as determined by the Committee from
time to time on the basis of their importance to the business of the Company pursuant to the terms
of the Plan.

     5. ADMINISTRATION

          (a) Committee. The Plan shall be administered by the Committee, which shall have the
full power and authority to take all actions, and to make all determinations not inconsistent with
the specific terms and provisions of the Plan deemed by the Committee to be necessary or
appropriate to the administration of the Plan, any Award granted or any Award Agreement entered
into hereunder. The Committee may correct any defect or supply any omission or reconcile any
inconsistency in the Plan or in any Award Agreement in the manner and to the extent it shall deem
expedient to carry the Plan into effect as it may determine in its sole discretion. The decisions
by the Committee shall be final, conclusive and binding with respect to the interpretation and
administration of the Plan, any Award or any Award Agreement entered into under the Plan.

          (b) Advisors to Committee. The Committee may designate employees of the Company and
professional advisors to assist the Committee in the administration of the Plan. The Committee may
grant authority to the Chief Executive Officer of the Company or any other employee of the Company
to execute agreements or other documents on behalf of the Committee in connection with the grant of
an Award or the administration of the Plan. The Committee may employ such legal counsel,
consultants, and agents as it may deem desirable for the administration of the Plan and may rely
upon any advice and any computation received from any such counsel, consultant, or agent. The
Company shall pay all expenses and costs incurred by the Committee for the engagement of any such
counsel, consultant, or agent.

          (c) Participants Outside the U.S. In order to conform with the provisions of local
laws and regulations in foreign countries in which the Company operates, the Committee shall have
the sole discretion to (i) modify the terms and conditions of the Awards granted under the Plan to
Eligible Individuals located outside the United States; (ii) establish subplans with such
modifications as may be necessary or advisable under the circumstances present by local laws and
regulations; and (iii) take any action which it deems advisable to comply with or otherwise reflect
any necessary governmental regulatory procedures, or to obtain any exemptions or approvals
necessary with respect to the Plan or any subplan established hereunder.

          (d) Liability and Indemnification. No Covered Individual shall be liable for any
action or determination made in good faith with respect to the Plan, any Award granted or any Award
Agreement entered into hereunder. The Company shall, to the maximum extent permitted by applicable
law and the Certificate of Incorporation and By-Laws of Spherion, indemnify and hold harmless each
Covered Individual against any cost or expense (including reasonable attorney fees reasonably
acceptable to the Company) or liability (including any amount paid in settlement of a claim with
the approval of the Company), and amounts advanced to such Covered Individual necessary to pay the
foregoing at the earliest time and to the fullest

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extent permitted, arising out of any act or omission to act in connection with the Plan, any
Award granted or any Award Agreement entered into hereunder. Such indemnification shall be in
addition to any rights of indemnification such individuals may have under applicable law or under
the Certificate of Incorporation or By-Laws of Spherion. Notwithstanding anything else herein,
this indemnification will not apply to the actions or determinations made by a Covered Individual
with regard to Awards granted to such Covered Individual under the Plan or arising out of such
Covered Individual’s own fraud or bad faith.

     6. COMMON STOCK

          (a) Shares Available for Awards. The Common Stock that may be issued pursuant to
Awards granted under the Plan shall be treasury shares or authorized but unissued shares of the
Common Stock. The total number of shares of Common Stock that may be issued pursuant to Awards
granted under the Plan shall be the sum of Five Million (5,000,000) shares plus any shares of
Common Stock that were subject to an award granted pursuant to the Spherion Corporation 2000 Stock
Incentive Plan in which the award is cancelled, forfeited or terminated for any reason after the
Effective Date.

     (i) With respect to the shares of Common Stock reserved pursuant to this
Section, a maximum of five million (5,000,000) of such shares may be subject to grants of
Incentive Stock Options.

     (ii) With respect to the shares of Common Stock reserved pursuant to this
Section, a maximum of five hundred thousand (500,000) of such shares may be subject to
grants of Awards to any one Eligible Individual during any one fiscal year.

     (iii) The maximum value at Grant Date of grants of Performance Units which
may be granted to any one Eligible Individual during any one fiscal year shall be two
million dollars ($2,000,000).

          (b) Reduction of Shares Available for Awards. Upon the granting of an Award, the
number of shares of Common Stock available under this Section hereof for the granting of further
Awards shall be reduced as follows:

     (i) In connection with the granting of an Option or Stock Appreciation Right,
the number of shares of Common Stock shall be reduced by the number of shares of Common
Stock subject to the Option or Stock Appreciation Right.

     (ii) In connection with the granting of an Award that is settled in Common
Stock, other than the granting of an Option or Stock Appreciation Right, the number of
            shares of Common Stock shall be reduced by the number of shares of Common Stock subject to
the Award; provided, however, to the extent the aggregate number of shares of Common Stock
subject to Awards (other than Options or Stock Appreciation Rights) exceed two million five
hundred thousand (2,500,000) shares, such excess shall be counted against the overall share
limit available under Section 6(a) as

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three shares of Common Stock for each share of Common Stock issued in connection with
such Award.

     (iii) Awards settled in cash shall not count against the total number of
            shares of Common Stock available to be granted pursuant to the Plan. Any Common Stock
subject to a Stock Appreciation Right which is not issued pursuant to settling such Stock
Appreciation Right shall not be counted against the total number of shares of Common Stock
available to be granted pursuant to the Plan.

          (c) Cancelled, Forfeited, or Surrendered Awards. If any Award is cancelled,
forfeited or terminated for any reason prior to exercise or becoming vested in full, the shares of
Common Stock that were subject to such Award will to the extent cancelled, forfeited or terminated
shall be available for future Awards granted under the Plan as if said Award had never been
granted; provided, however, that any shares of Common Stock subject to an Award, other than a Stock
Appreciation Right, which is cancelled, forfeited or terminated in order to pay the Exercise Price,
purchase price or any taxes or tax withholdings on an Award shall not be available for future
Awards granted under the Plan. Any Common Stock subject to a Stock Appreciation Right which is
not issued upon settling such Stock Appreciation Right shall be available for future Awards granted
under the Plan.

          (d) Recapitalization. If the outstanding shares of Common Stock are increased or
decreased or changed into or exchanged for a different number or kind of shares or other securities
of Spherion by reason of any recapitalization, reclassification, reorganization, stock split,
reverse split, combination of shares, exchange of shares, stock dividend or other distribution
payable in capital stock of Spherion or other increase or decrease in such shares effected without
receipt of consideration by Spherion occurring after the Effective Date, an appropriate and
proportionate adjustment shall be made by the Committee (i) in the aggregate number and kind of
shares of Common Stock available under the Plan; (ii) in the aggregate limit of the number of
shares of Common Stock that may be granted pursuant to an Incentive Stock Option, (iii) in the
limits on the number of shares of Common Stock that may be granted to an Eligible Employee in any
one fiscal year; (iv) in the calculation of the reduction of shares of Common Stock available under
the Plan; (v) in the number and kind of shares of Common Stock issuable upon exercise (or vesting)
of outstanding Awards granted under the Plan; (vi) in the Exercise Price per share of outstanding
Options granted under the Plan and (vii) the number of shares of Common Stock subject to Awards
which may be granted to Non-Employee Directors under Section 11. No fractional shares of Common
Stock or units of other securities shall be issued pursuant to any such adjustment under this
Section 6(d), and any fractions resulting from any such adjustment shall be eliminated in each case
by rounding downward to the nearest whole share or unit. Any adjustments made under this Section
6(d) with respect to any Incentive Stock Options must be made in accordance with Code Section 424.

     7. OPTIONS

          (a) Grant of Options. Subject to the terms and conditions of the Plan, the Committee
may grant to Eligible Individuals Options to purchase such number of shares of

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Common Stock on such terms and conditions as the Committee may determine. Each grant of an
Option must satisfy the requirements set forth in this Section.

          (b) Type of Options. Each Option granted under the Plan may be designated by the
Committee, in its sole discretion, as either (i) an Incentive Stock Option, or (ii) a Non-qualified
Stock Option. Options designated as Incentive Stock Options that fail to continue to meet the
requirements of Code Section 422 shall be re-designated as Non-qualified Stock Options
automatically on the date of such failure to continue to meet such requirements without further
action by the Committee. In the absence of any designation, Options granted under the Plan will be
deemed to be Non-qualified Stock Options.

          (c) Exercise Price. Subject to the limitations set forth in the Plan relating to
Incentive Stock Options, the Exercise Price of an Option shall be fixed by the Committee and stated
in the respective Award Agreement, provided that the Exercise Price of the shares of Common Stock
subject to such Option may not be less than Fair Market Value of the Common Stock on the Grant
Date, or if greater, the par value of the Common Stock.

          (d) Limitation on Repricing. Unless such action is approved by Spherion’s
shareholders: (i) no outstanding Option granted under the Plan may be amended to provide an
Exercise Price per share that is lower than the then-current exercise price per share of such
outstanding Option (other than adjustments to the Exercise Price pursuant to Sections 6(d) and 13);
(ii) the Committee may not cancel any outstanding Option and grant in substitution therefore new
Awards under the Plan covering the same or a different number of shares of Common Stock and having
an Exercise Price per share lower than the then-current Exercise Price per share of the cancelled
Option (other than adjustments to the Exercise Price pursuant to Sections 6(d) and 13); and (iii)
the Committee may not authorize the repurchase of an outstanding Option (other than pursuant to
Sections 6(d), 12 and 13).

          (e) Limitation on Option Period. Subject to the limitations set forth in the Plan
relating to Incentive Stock Options, Options granted under the Plan and all rights to purchase
Common Stock thereunder shall terminate no later than the seventh anniversary of the Grant Date of
such Options, or on such earlier date as may be stated in the Award Agreement relating to such
Option. In the case of Options expiring prior to the seventh anniversary of the Grant Date, the
Committee may in its discretion, at any time prior to the expiration or termination of said
Options, extend the term of any such Options for such additional period as it may determine, but in
no event beyond the seventh anniversary of the Grant Date thereof.

          (f) No Reload of Stock Options. The Plan shall not permit an additional automatic
grant of an Option to a Participant who exercises an Option by surrendering other shares of Common
Stock (“reload stock option”).

          (g) Limitations on Incentive Stock Options. Notwithstanding any other provisions of
the Plan, the following provisions shall apply with respect to Incentive Stock Options granted
pursuant to the Plan.

9

 

     (i) Limitation on Grants. Incentive Stock Options may only be
granted to Section 424 Employees. The aggregate Fair Market Value (determined at the time
such Incentive Stock Option is granted) of the shares of Common Stock for which any
individual may have Incentive Stock Options which first become vested and exercisable in any
calendar year (under all incentive stock option plans of the Company) shall not exceed
$100,000. Options granted to such individual in excess of the $100,000 limitation, and any
Options issued subsequently which first become vested and exercisable in the same calendar
year, shall be treated as Non-qualified Stock Options.

     (ii) Minimum Exercise Price. In no event may the Exercise Price of
an Incentive Stock Option be less than 100% of the Fair Market Value as of the Grant Date of
a share of Common Stock.

     (iii) Ten Percent Stockholder. Notwithstanding any other provision
of the Plan to the contrary, in the case of Incentive Stock Options granted to a Section 424
Employee who, at the time the Option is granted, owns (after application of the rules set
forth in Code Section 424(d)) stock possessing more than ten percent of the total combined
voting power of all classes of stock of Spherion, such Incentive Stock Options (i) must have
an Exercise Price that is at least 110% of the Fair Market Value as of the Grant Date of a
share of Common Stock, and (ii) must not be exercisable after the fifth anniversary of the
Grant Date.

          (h) Vesting Schedule and Conditions. No Options may be exercised prior to the
satisfaction of the conditions and vesting schedule provided for in the Award Agreement relating
thereto. Except as otherwise provided in Sections 11, 12 and 13 of the Plan, Options subject
solely to a future service requirement shall have a vesting period of not less than three years
from the Grant Date (but permitting partial vesting, on a pro rata or other basis, over such time);
provided, however, Options which are awarded to Non-Employee Directors and subject solely to a
future service requirement shall not vest prior to the first (1st) anniversary of the
Grant Date.

          (i) Exercise. When the conditions to the exercise of an Option have been satisfied,
the Participant may exercise the Option only in accordance with the following provisions. The
Participant shall deliver to Spherion a written notice stating that the Participant is exercising
the Option and specifying the number of shares of Common Stock which are to be purchased pursuant
to the Option, and such notice shall be accompanied by payment in full of the Exercise Price of the
shares for which the Option is being exercised, by one or more of the methods provided for in the
Plan. Said notice must be delivered to Spherion at its principal office and addressed to the
attention of the Treasury Department, Spherion Corporation, 2050 Spectrum Boulevard, Ft.
Lauderdale, FL 33309. The minimum number of shares of Common Stock with respect to which an
Option may be exercised, in whole or in part, at any time shall be the lesser of 100 shares or the
maximum number of shares available for purchase under the Option at the time of exercise. An
attempt to exercise any Option granted hereunder other than as set forth in the Plan shall be
invalid and of no force and effect.

10

 

          (j) Payment. Payment of the Exercise Price for the shares of Common Stock purchased
pursuant to the exercise of an Option shall be made by one of the following methods:

     (i) by cash, certified or cashier’s check, bank draft or money order; or

     (ii) through the delivery to Spherion of shares of Common Stock which have
been previously owned by the Participant for the requisite period necessary to avoid a
charge to Spherion’s earnings for financial reporting purposes; such shares shall be valued,
for purposes of determining the extent to which the Exercise Price has been paid thereby, at
their Fair Market Value on the date of exercise; without limiting the foregoing, the
Committee may require the Participant to furnish an opinion of counsel acceptable to the
Committee to the effect that such delivery would not result in Spherion incurring any
liability under Section 16(b) of the Exchange Act.

Notwithstanding the foregoing, the Committee may, in its sole and absolute discretion and to the
extent permitted by applicable law, permit such payment to be made (i) through a “cashless exercise
sale and remittance procedure” pursuant to which the Participant shall concurrently provide
irrevocable instructions (1) to a brokerage firm approved by the Committee to effect the immediate
sale of the purchased shares and remit to Spherion, out of the sale proceeds available on the
settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased
shares plus all applicable Federal, state and local income, employment, excise and other taxes
required to be withheld by the Company by reason of such exercise and (2) to Spherion to deliver
the certificates for the purchased shares directly to such brokerage firm in order to complete the
sale; or (ii) by any other method as may be permitted by the Committee.

          (k) Termination of Employment, Disability or Death. Unless otherwise provided in an
Award Agreement, upon the termination of the employment or other service of a Participant with
Company for any reason, all of the Participant’s outstanding Options (whether vested or unvested)
shall be subject to the rules of this paragraph. Upon such termination, the Participant’s unvested
Options shall expire. Unless otherwise determined by the Committee, temporary absence from
employment because of illness, vacation, approved leaves of absence or military service shall not
constitute a termination of employment or service.

     (i) Termination for Reason Other Than Cause, Disability or Death. If
a Participant’s termination of employment is for any reason other than Cause (including
Detrimental Activity or a voluntary termination within ninety (90) days after occurrence of
an event which would be grounds for termination of employment by the Company for Cause or
Detrimental Activity (without regard to any notice or cure period requirements)), Disability
or death, any Option held by such Participant may be exercised, to the extent exercisable at
termination, by the Participant at any time within a period not to exceed ninety (90) days
from the date of such termination, but in no event after the termination of the Option
pursuant to its terms.

     (ii) Disability. If a Participant’s termination of employment or
service with the Company is by reason of a Disability of such Participant, the Participant
shall

11

 

have the right at any time within a period not to exceed one (1) year after such
termination, but in no event after the termination of the Option pursuant to its terms, to
exercise, in whole or in part, any vested portion of the Option held by such Participant at
the date of such termination; provided, however, that if the Participant dies within such
period, any vested Option held by such Participant upon death shall be exercisable by the
Participant’s estate, devisee or heir at law (whichever is applicable) for a period not to
exceed one (1) year after the Participant’s death, but in no event after the termination of
the Option pursuant to its terms.

     (iii) Death. If a Participant dies while in the employment or
service of the Company, the Participant’s estate or the devisee named in the Participant’s
valid last will and testament or the Participant’s heir at law who inherits the Option has
the right, at any time within a period not to exceed one (1) year after the date of such
Participant’s death, but in no event after the termination of the Option pursuant to its
terms, to exercise, in whole or in part, any portion of the vested Option held by such
Participant at the date of such Participant’s death.

     (iv) Termination for Cause. In the event the termination is for
Cause, Detrimental Activity or a voluntary termination within ninety (90) days after
occurrence of an event which would be grounds for termination of employment by the Company
for Cause or Detrimental Activity (without regard to any notice or cure period requirement),
any Option held by the Participant at the time of occurrence of the event which would be
grounds for termination of employment by the Company for Cause shall be deemed to have
terminated and expired upon occurrence of the event which would be grounds for termination
of employment by the Company for Cause.

     8. STOCK APPRECIATION RIGHTS

          (a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the
Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Stock
Appreciation Rights, in such amounts, as the Committee shall determine in its sole and absolute
discretion. Each grant of a Stock Appreciation Right shall satisfy the requirements as set forth
in this Section.

          (b) Terms and Conditions of Stock Appreciation Rights. Unless otherwise provided in
an Award Agreement, the terms and conditions (including, without limitation, the limitations on the
Exercise Period, the Exercise Price and repricing) of the Stock Appreciation Right shall be
substantially identical (to the extent possible taking into account the differences related to the
character of the Stock Appreciation Right) to the terms and conditions that would have been
applicable under Section 7 above were the grant of the Stock Appreciation Rights a grant of an
Option.

          (c) Exercise of Stock Appreciation Rights. Stock Appreciation Rights shall be
exercised by a Participant only by written notice delivered to the President of Spherion,

12

 

specifying the number of shares of Common Stock with respect to which the Stock Appreciation
Right is being exercised.

          (d) Payment of Stock Appreciation Right. Unless otherwise provided in an Award
Agreement, upon exercise of a Stock Appreciation Right, the Participant or Participant’s estate,
devisee or heir at law (whichever is applicable) shall be entitled to receive payment, in cash, in
shares of Common Stock, or in a combination thereof, as determined by the Committee in its sole and
absolute discretion. The amount of such payment shall be determined by multiplying the excess, if
any, of the Fair Market Value of a share of Common Stock on the date of exercise over the Fair
Market Value of a share of Common Stock on the Grant Date, by the number of shares of Common Stock
with respect to which the Stock Appreciation Rights are then being exercised. Notwithstanding the
foregoing, the Company may limit in any manner the amount payable with respect to a Stock
Appreciation Right by including such limitation in the Award Agreement.

     9. RESTRICTED STOCK AND RESTRICTED STOCK UNITS

          (a) Grant of Restricted Stock. Subject to the terms and conditions of the Plan, the
Committee may grant to such Eligible Individuals as the Committee may determine, Restricted Stock
or Restricted Stock Units, in such amounts, as the Committee shall determine in its sole and
absolute discretion. Each grant of Restricted Stock or Restricted Stock Units shall satisfy the
requirements as set forth in this Section.

          (b) Restrictions. The Committee shall impose such restrictions on any Restricted
Stock or Restricted Stock Units granted pursuant to the Plan as it may deem advisable including,
without limitation; time based vesting restrictions, or the attainment of Performance Goals.
Except as otherwise provided in Sections 11, 12 and 13 of the Plan, Restricted Stock and Restricted
Stock Units which are subject solely to a future service requirement shall not vest prior to the
third (3rd) anniversary of the Grant Date; provided, however, that Restricted Stock and
Restricted Stock Units which are awarded to Non-Employee Directors and subject solely to a future
service requirement shall not vest prior to the first (1 st) anniversary of the Grant
Date. Shares of Restricted Stock or Restricted Stock Units subject to the attainment of
Performance Goals will be subject to a minimum one-year performance period and will be released
from restrictions only after the attainment of such Performance Goals has been certified by the
Committee in accordance with Section 10(d).

          (c) Certificates and Certificate Legend. With respect to a grant of Restricted Stock,
the Company may issue a certificate evidencing such Restricted Stock to the Participant or issue
and hold such shares of Restricted Stock for the benefit of the Participant until the applicable
restrictions expire. The Company may legend the certificate representing Restricted Stock to give
appropriate notice of such restrictions. In addition to any such legends, each certificate
representing shares of Restricted Stock granted pursuant to the Plan shall bear the following
legend:

“The sale or other transfer of the shares of stock represented by this

13

 

certificate, whether voluntary, involuntary, or by operation of law, are
subject to certain terms, conditions, and restrictions on transfer as set
forth in the Spherion Corporation 2006 Stock Incentive Plan, and in an
Agreement entered into by and between the registered owner of such shares
and the company, dated     . A copy of the Plan and the Award
Agreement may be obtained from the Secretary of the company.”

          (d) Removal of Restrictions. Except as otherwise provided in the Plan, shares of
Restricted Stock shall become freely transferable by the Participant upon the lapse of the
applicable restrictions. Once the shares of Restricted Stock are released from the restrictions,
the Participant shall be entitled to have the legend required by paragraph (c) above removed from
the share certificate evidencing such Restricted Stock and the Company shall pay or distribute to
the Participant all dividends and distributions held in escrow by the Company with respect to such
Restricted Stock. Upon the lapse of the applicable restrictions with respect to any Restricted
Stock Units, the Company shall deliver to the Participant, one share of Common Stock for each
Restricted Stock Unit and any Dividend Equivalents (if any) credited with respect to such
Restricted Stock Units. Unless otherwise provided in an Award Agreement, the Committee may, in its
sole discretion, elect to pay cash or part cash and part Common Stock in lieu of delivering only
Common Stock for Restricted Stock Units. If a cash payment is made in lieu of delivering Common
Stock, the amount of such cash payment for each share of Common Stock to which a Participant is
entitled shall be equal to the Fair Market Value of the Common Stock on the date on which the
applicable restrictions lapsed with respect to the related Restricted Stock Unit and any Dividend
Equivalents (if any) credited with respect to such Restricted Stock Units.

          (e) Stockholder Rights. Until the expiration of all applicable restrictions, the
Restricted Stock shall be treated as outstanding, the Participant holding shares of Restricted
Stock may exercise full voting rights with respect to such shares and shall be entitled to receive
all dividends and other distributions paid with respect to such shares while they are so held. If
any such dividends or distributions are paid in shares of Common Stock, such shares shall be
subject to the same restrictions on transferability and forfeitability as the shares of Restricted
Stock with respect to which they were paid. Notwithstanding anything to the contrary, at the
discretion of the Committee, all such dividends and distributions may be held in escrow by the
Company until all restrictions on the respective Restricted Stock have lapsed. With respect to
Restricted Stock Units, a Participant shall not have any right to vote on any matter submitted to
Spherion’s stockholders and, unless otherwise provided for in an Award Agreement or as provided for
in Section 6(d) of the Plan, shall not be entitled to receive dividends, Dividend Equivalent or
other distributions paid with respect to such shares until the shares of Common Stock attributable
to such Restricted Stock Units have been issued.

          (f) Termination of Service. Unless otherwise provided in a Award Agreement, if a
Participant’s employment or service with the Company terminates for any reason, all nonvested
shares of Restricted Stock held by the Participant and any dividends or distributions held in
escrow by Spherion with respect to such Restricted Stock shall be forfeited immediately and
returned to the Company. Notwithstanding this paragraph, all grants of Restricted Stock that vest
solely upon the attainment of Performance Goals shall be treated

14

 

pursuant to the terms and conditions that would have been applicable under Section 10 as if
such grants of Restricted Stock were Awards of Performance Shares.

     10. PERFORMANCE SHARES AND PERFORMANCE UNITS

          (a) Grant of Performance Shares and Performance Units. Subject to the terms and
conditions of the Plan, the Committee may grant to such Eligible Individuals as the Committee may
determine, Performance Shares and Performance Units, in such amounts, as the Committee shall
determine in its sole and absolute discretion. Each grant of a Performance Share or a Performance
Unit shall satisfy the requirements as set forth in this Section.

          (b) Performance Goals. Performance Goals will be based on one or more of the
following criteria, as determined by the Committee in its absolute and sole discretion: (i) the
attainment of certain target levels of, or a specified increase in, Spherion’s enterprise value or
value creation targets; (ii) the attainment of certain target levels of, or a percentage increase
in, Spherion’s after-tax or pre-tax profits including, without limitation, that attributable to
Spherion’s continuing and/or other operations; (iii) the attainment of certain target levels of, or
a specified increase relating to, Spherion’s operational cash flow or working capital, or a
component thereof; (iv) the attainment of certain target levels of, or a specified decrease
relating to, Spherion’s operational costs, or a component thereof (v) the attainment of a certain
level of reduction of, or other specified objectives with regard to limiting the level of increase
in all or a portion of bank debt or other of Spherion’s long-term or short-term public or private
debt or other similar financial obligations of Spherion, which may be calculated net of cash
balances and/or other offsets and adjustments as may be established by the Committee; (vi) the
attainment of a specified percentage increase in earnings per share or earnings per share from
Spherion’s continuing operations; (vii) the attainment of certain target levels of, or a specified
percentage increase in, Spherion’s net sales, revenues, net income or earnings before income tax or
other exclusions; (viii) the attainment of certain target levels of, or a specified increase in,
Spherion’s return on capital employed or return on invested capital; (ix) the attainment of certain
target levels of, or a percentage increase in, Spherion’s after-tax or pre-tax return on
stockholder equity; (x) the attainment of certain target levels in the fair market value of
Spherion’s Common Stock; (xi) the growth in the value of an investment in the Common Stock assuming
the reinvestment of dividends; (xii) the attainment of certain performance zone targets; and (xiii)
the attainment of certain target levels of, or a specified increase in, EBITDA (earnings before
income tax, depreciation and amortization). In addition, Performance Goals may be based upon the
attainment by a subsidiary, division or other operational unit of Spherion of specified levels of
performance under one or more of the measures described above. Further, the Performance Goals may
be based upon the attainment by Spherion (or a subsidiary, division or other operational unit of
Spherion) of specified levels of performance under one or more of the foregoing measures relative
to the performance of other corporations. To the extent permitted under Code Section 162(m) of the
Code (including, without limitation, compliance with any requirements for stockholder approval),
the Committee may (i) designate additional business criteria upon which the Performance Goals may
be based; (ii) modify, amend or adjust the business criteria described herein or (iii) incorporate
in the Performance Goals provisions regarding changes in accounting methods, corporate transactions
(including, without limitation,

15

 

dispositions or acquisitions) and similar events or circumstances. Performance Goals may
include a threshold level of performance below which no Award will be earned, levels of performance
at which an Award will become partially earned and a level at which an Award will be fully earned.

          (c)  Terms and Conditions of Performance Shares and Performance Units. The applicable
Award Agreement shall set forth (i) the number of Performance Shares or the dollar value of
Performance Units granted to the Participant; (ii) the Performance Period and Performance Goals
with respect to each such Award; (iii) the threshold, target and maximum shares of Common Stock or
dollar values of each Performance Share or Performance Unit and corresponding Performance Goals,
and (iv) any other terms and conditions as the Committee determines in its sole and absolute
discretion. The Committee shall establish, in its sole and absolute discretion, the Performance
Goals for the applicable Performance Period for each Performance Share or Performance Unit granted
hereunder. Performance Goals for different Participants and for different grants of Performance
Shares and Performance Units need not be identical. Unless otherwise provided in an Award
Agreement, the Participants’ rights as a stockholder in Performance Shares and Performance Units
shall be substantially identical to the terms and conditions that would have been applicable under
Section 9 above if the Performance Shares were Restricted Stock and the Performance Units were a
grant of Restricted Units.

          (d) Determination and Payment of Performance Units or Performance Shares Earned. As
soon as practicable after the end of a Performance Period, the Committee shall determine the extent
to which Performance Shares or Performance Units have been earned on the basis of the Company’s
actual performance in relation to the established Performance Goals as set forth in the applicable
Award Agreement and shall certify these results in writing. As soon as practicable after the
Committee has determined that an amount is payable or should be distributed with respect to a
Performance Share or a Performance Unit, the Committee shall cause the amount of such Award to be
paid or distributed to the Participant or the Participant’s estate, devisee or heir at law
(whichever is applicable). Unless otherwise provided in an Award Agreement, the Committee shall
determine in its sole and absolute discretion whether payment with respect to the Performance Share
or Performance Unit shall be made in cash, in shares of Common Stock, or in a combination thereof.
For purposes of making payment or a distribution with respect to a Performance Share or Performance
Unit, the cash equivalent of a share of Common Stock shall be determined by the Fair Market Value
of the Common Stock on the day the Committee designates the Performance Shares or Performance
Units to be payable.

          (e) Termination of Employment. Unless otherwise provided in an Award Agreement, if a
Participant’s employment or service with the Company terminates for any reason, all of the
Participant’s outstanding Performance Shares and Performance Units shall be subject to the rules of
this Section.

     (i) Termination for Reason Other Than Death or Disability. If a
Participant’s employment or service with the Company terminates prior to the expiration of a
Performance Period with respect to any Performance Units or Performance Shares

16

 

held by such Participant for any reason other than death or Disability the outstanding
Performance Units or Performance Shares held by such Participant for which the Performance
Period has not yet expired shall terminate upon such termination and the Participant shall
have no further rights pursuant to such Performance Units or Performance Shares.

     (ii) Termination of Employment for Death or Disability. If a
Participant’s employment or service with the Company terminates by reason of the
Participant’s death or Disability prior to the end of a Performance Period, the Participant,
or the Participant’s estate, devisee or heir at law (whichever is applicable) shall be
entitled to a payment of the Participant’s outstanding Performance Units and Performance
Share at the end of the applicable Performance Period, pursuant to the terms of the Plan and
the Participant’s Award Agreement; provided, however, that the Participant shall be deemed
to have earned only that proportion (to the nearest whole unit or share) of the Performance
Units or Performance Shares granted to the Participant under such Award as the number of
months of the Performance Period which have elapsed since the first day of the Performance
Period for which the Award was granted to the end of the month in which the Participant’s
termination of employment or service, bears to the total number of months in the Performance
Period, subject to the attainment of the Performance Goals associated with the Award as
certified by the Committee. The right to receive any remaining Performance Units or
Performance Shares shall be canceled and forfeited.

     11. AWARD GRANTS TO NON-EMPLOYEE DIRECTORS

          (a) Annual Grants. The maximum number of shares of Common Stock that may be issued
pursuant to Awards to a Non-Employee Director during any fiscal year shall be thirty thousand
(30,000).

          (b) Plan Limit on Grants. The maximum number of shares of Common Stock that may be
issued to Non-Employee Directors under the Plan shall be seven hundred fifty thousand (750,000).

          (c) Vesting of Certain Non-Employee Director Awards. Notwithstanding the minimum
vesting provisions in Section 7(h) and 9(b) of the Plan, any Award granted to a Non-Employee
Director in lieu of cash compensation shall not be subject to any minimum vesting requirements.

     12. CHANGE IN CONTROL

     Unless otherwise provided in an Award Agreement, prior to a Change in Control of Spherion, the
Committee may in its sole and absolute discretion, provide on a case by case basis that (i) some or
all outstanding Awards may become immediately exercisable or vested, without regard to any
limitation imposed pursuant to this Plan, (ii) that Awards shall terminate; provided, however, that
Participants shall have the right, immediately prior to the occurrence of such Change in Control
and during such reasonable period as the Committee in its sole discretion shall determine and
designate, to exercise any vested Award in whole or in part, (iii) that Awards

17

 

shall terminate provided that Participants shall be entitled to a cash payment equal to the
Change in Control Price with respect to shares subject to the vested portion of the Award net of
the Exercise Price thereof (if applicable), (iv) provide that, in connection with a liquidation or
dissolution of Spherion, Awards shall convert into the right to receive liquidation proceeds net of
the Exercise Price (if applicable) and (v) any combination of the foregoing; provided, however, the
Committee shall not take any action permitted by this Section unless counsel for Spherion
determines that such action will not result in adverse tax consequences to a Participant under
Section 409A of the Code. In the event that the Committee does not terminate or convert an Award
upon a Change in Control of Spherion, then the Award shall be assumed, or substantially equivalent
Awards shall be substituted, by the acquiring, or succeeding corporation (or an affiliate thereof).

     13. CHANGE IN STATUS OF PARENT OR SUBSIDIARY

     Unless otherwise provided in an Award Agreement or otherwise determined by the Committee, in
the event that an entity which was previously a part of the Company is no longer a part of the
Company, as determined by the Committee in its sole discretion, the Committee may, in its sole and
absolute discretion (i) provide on a case by case basis that some or all outstanding Awards held by
a Participant employed by or performing service for such entity may become immediately exercisable
or vested, without regard to any limitation imposed pursuant to this Plan and/or (ii) treat the
employment or other services of a Participant employed by such entity as terminated if such
Participant is not employed by Spherion or any entity that is a part of the Company immediately
after such event.

     14. REQUIREMENTS OF LAW

          (a) Violations of Law. The Company shall not be required to sell or issue any shares
of Common Stock under any Award if the sale or issuance of such shares would constitute a violation
by the individual exercising the Award, the Participant or the Company of any provisions of any law
or regulation of any governmental authority, including without limitation any provisions of the
Sarbanes-Oxley Act, and any other Federal or state securities laws or regulations. Any
determination in this connection by the Committee shall be final, binding, and conclusive. The
Company shall not be obligated to take any affirmative action in order to cause the exercise of an
Award, the issuance of shares pursuant thereto or the grant of an Award to comply with any law or
regulation of any governmental authority.

          (b) Registration. At the time of any exercise or receipt of any Award, the Company
may, if it shall determine it necessary or desirable for any reason, require the Participant (or
Participant’s heirs, legatees or legal representative, as the case may be), as a condition to the
exercise or grant thereof, to deliver to the Company a written representation of present intention
to hold the shares for their own account as an investment and not with a view to, or for sale in
connection with, the distribution of such shares, except in compliance with applicable Federal and
state securities laws with respect thereto. In the event such representation is required to be
delivered, an appropriate legend may be placed upon each certificate delivered to the Participant
(or Participant’s heirs, legatees or legal representative, as the case may be) upon

18

 

the Participant’s exercise of part or all of the Award or receipt of an Award and a stop
transfer order may be placed with the transfer agent. Each Award shall also be subject to the
requirement that, if at any time the Company determines, in its discretion, that the listing,
registration or qualification of the shares subject to the Award upon any securities exchange or
under any state or federal law, or the consent or approval of any governmental regulatory body is
necessary or desirable as a condition of or in connection with, the issuance or purchase of the
shares thereunder, the Award may not be exercised in whole or in part and the restrictions on an
Award may not be removed unless such listing, registration, qualification, consent or approval
shall have been effected or obtained free of any conditions not acceptable to the Company in its
sole discretion. The Participant shall provide the Company with any certificates, representations
and information that the Company requests and shall otherwise cooperate with the Company in
obtaining any listing, registration, qualification, exemption, consent or approval that the Company
deems necessary or appropriate. The Company shall not be obligated to take any affirmative action
in order to cause the exercisability or vesting of an Award, to cause the exercise of an Award or
the issuance of shares pursuant thereto, or to cause the grant of Award to comply with any law or
regulation of any governmental authority.

          (c) Withholding. The Committee may make such provisions and take such steps as it may
deem necessary or appropriate for the withholding of any taxes that the Company is required by any
law or regulation of any governmental authority, whether Federal, state or local, domestic or
foreign, to withhold in connection with the grant or exercise of an Award, or the removal of
restrictions on an Award including, but not limited to: (i) the withholding of delivery of shares
of Common Stock until the holder reimburses the Company for the amount the Company is required to
withhold with respect to such taxes, (ii) the canceling of any number of shares of Common Stock
issuable in an amount sufficient to reimburse the Company for the amount it is required to so
withhold, (iii) withholding the amount due from any such person’s wages or compensation due to such
person, or (iv) requiring the Participant to pay the Company cash in the amount the Company is
required to withhold with respect to such taxes.

          (d) Governing Law. The Plan shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware.

     15. GENERAL PROVISIONS

          (a) Award Agreements. All Awards granted pursuant to the Plan shall be evidenced by
an Award Agreement. Each Award Agreement shall specify the terms and conditions of the Award
granted and shall contain such provisions, as the Committee shall deem appropriate. The terms of
each Award Agreement need not be identical for Eligible Individuals provided that all Award
Agreements comply with the terms of the Plan.

          (b) Purchase Price. To the extent the purchase price of any Award granted hereunder
is less than par value of a share of Common Stock and such purchase price is not permitted by
applicable law, the per share purchase price shall be equal to the par value of a share of Common
Stock.

19

 

          (c) Dividends and Dividend Equivalents. Except as provided for in Section 6(d),
Section 9(e) and Section 10 of the Plan, a Participant shall not be entitled to receive, currently
or on a deferred basis, cash or stock dividends, Dividend Equivalents, or cash payments in amounts
equivalent to cash or stock dividends on shares of Commons Stock covered by an Award which has not
vested or an Option.

          (d) Deferral of Awards. The Committee may from time to time establish procedures
pursuant to which a Participant may elect to defer, until a time or times later than the vesting of
a Restricted Stock Unit or a Performance Unit, receipt of all or a portion of the shares of Common
Stock or cash subject to such Restricted Stock Unit or a Performance Unit and to receive Common
Stock or cash at such later time or times, all on such terms and conditions as the Committee shall
determine. The Committee shall not permit the deferral of an Award unless counsel for Spherion
determines that such action will not result in adverse tax consequences to a Participant under
Section 409A of the Code. If any such deferrals are permitted, then notwithstanding anything to
the contrary herein, a Participant who elects to defer receipt of Common Stock shall not have any
rights as a stockholder with respect to deferred shares of Common Stock unless and until shares of
Common Stock are actually delivered to the Participant with respect thereto, except to the extent
otherwise determined by the Committee.

          (e) Prospective Employees. Notwithstanding anything to the contrary, any Award
granted to a Prospective Employee shall not become vested prior to the date the Prospective
Employee first becomes an employee of the Company.

          (f) Issuance of Certificates; Stockholder Rights. Spherion shall deliver to the
Participant a certificate evidencing the Participant’s ownership of shares of Common Stock issued
pursuant to the exercise of an Award as soon as administratively practicable after satisfaction of
all conditions relating to the issuance of such shares. A Participant shall not have any of the
rights of a stockholder with respect to such Common Stock prior to satisfaction of all conditions
relating to the issuance of such Common Stock, and, except as expressly provided in the Plan, no
adjustment shall be made for dividends, distributions or other rights of any kind for which the
record date is prior to the date on which all such conditions have been satisfied. The Committee
in its absolute and sole discretion may credit a Participant’s Award with Dividend Equivalents with
respect to any Awards. To the extent that dividends and distributions relating to an Award are
held in escrow by the Company, or Dividend Equivalents are credited to an Award, a Participant
shall not be entitled to any interest on any such amounts. The Committee may not grant Dividend
Equivalents to an Award subject to performance-based vesting to the extent the grant of such
Dividend Equivalents would limit the Company’s deduction of the compensation payable under such
Award for Federal tax purposes pursuant to Code Section 162(m).

          (g) Transferability of Awards. A Participant may not Transfer an Award other than by
will or the laws of descent and distribution. Awards may be exercised during the Participant’s
lifetime only by the Participant. No Award shall be liable for or subject to the debts, contracts,
or liabilities of any Participant, nor shall any Award be subject to legal process or attachment
for or against such person. Any purported Transfer of an Award in contravention of

20

 

the provisions of the Plan shall have no force or effect and shall be null and void, and the
purported transferee of such Award shall not acquire any rights with respect to such Award.
Notwithstanding anything to the contrary, the Committee may in its sole and absolute discretion
permit the Transfer of an Award to a Participant’s “family member” as such term is defined in the
Form 8 Registration Statement under the Securities Act of 1933, under such terms and conditions as
specified by the Committee. In such case, such Award shall be exercisable only by the transferee
approved of by the Committee. To the extent that the Committee permits the Transfer of an
Incentive Stock Option to a “family member”, so that such Option fails to continue to satisfy the
requirements of an incentive stock option under the Code such Option shall automatically be
re-designated as a Non-Qualified Stock Option.

          (h) Buyout and Settlement Provisions. Except as prohibited in Section 7(d) of the
Plan, the Committee may at any time on behalf of Spherion offer to buy out any Awards previously
granted based on such terms and conditions as the Committee shall determine which shall be
communicated to the Participants at the time such offer is made.

          (i) Use of Proceeds. The proceeds received by Spherion from the sale of Common Stock
pursuant to Awards granted under the Plan shall constitute general funds of Spherion.

          (j) Modification or Substitution of an Award. Subject to the terms and conditions of
the Plan, the Committee may modify outstanding Awards. Notwithstanding the following, no
modification of an Award shall adversely affect any rights or obligations of the Participant under
the applicable Award Agreement without the Participant’s consent. The Committee in its sole and
absolute discretion may rescind, modify, or waive any vesting requirements or other conditions
applicable to an Award. Notwithstanding the foregoing, without approval of the stockholders of
Spherion, an Award may not be modified to reduce the exercise price thereof nor may an Award at a
lower price be substituted for a surrender of an Award, provided that (i) the foregoing shall not
apply to adjustments or substitutions in accordance with Section 6 or Section 12, and (ii) if an
Award is modified, extended or renewed and thereby deemed to be in issuance of a new Award under
the Code or the applicable accounting rules, the exercise price of such Award may continue to be
the original Exercise Price even if less than Fair Market Value of the Common Stock at the time of
such modification, extension or renewal.

          (k) Amendment and Termination of Plan. The Board may, at any time and from time to
time, amend, suspend or terminate the Plan as to any shares of Common Stock as to which Awards have
not been granted; provided, however, that the approval by a majority of the votes present and
entitled to vote at a duly held meeting of the stockholders of Spherion at which a quorum
representing a majority of all outstanding voting stock is, either in person or by proxy, present
and voting on the amendment, or by written consent in accordance with applicable state law and the
Certificate of Incorporation and By-Laws of Spherion shall be required for any amendment (i) that
changes the class of individuals eligible to receive Awards under the Plan, (ii) that increases the
maximum number of shares of Common Stock in the aggregate that may be subject to Awards that are
granted under the Plan (except as permitted under Section 6 or Section

21

 

          12 hereof), (iii) if approval of such amendment is necessary to comply with federal or state
law (including without limitation Section 162(m) of the Code and Rule 16b-3 under the Exchange Act)
or with the rules of any stock exchange or automated quotation system on which the Common Stock may
be listed or traded, (iv) if such amendment is a material amendment to the Plan, or (iv) if such
amendment eliminates a requirement provided herein that the stockholders of Spherion must approve
an action to be undertaken under the Plan. Except as permitted under Section 6 or Section 12
hereof, no amendment, suspension or termination of the Plan shall, without the consent of the
holder of an Award, alter or impair rights or obligations under any Award theretofore granted under
the Plan. Awards granted prior to the termination of the Plan may extend beyond the date the Plan
is terminated and shall continue subject to the terms of the Plan as in effect on the date the Plan
is terminated.

          (l) Section 409A of the Code. With respect to Awards subject to Section 409A of the
Code, this Plan is intended to comply with the requirements of such Section, and the provisions
hereof shall be interpreted in a manner that satisfies the requirements of such Section and the
related regulations, and the Plan shall be operated accordingly. If any provision of this Plan or
any term or condition of any Award would otherwise frustrate or conflict with this intent, the
provision, term or condition will be interpreted and deemed amended so as to avoid this conflict.

          (m) Notification of 83(b) Election. If in connection with the grant of any Award any
Participant makes an election permitted under Code Section 83(b), such Participant must notify the
Company in writing of such election within ten (10) days of filing such election with the Internal
Revenue Service.

          (n) Detrimental Activity. All Awards shall be subject to cancellation by the
Committee if the Participant engages in any Detrimental Activity. To the extent that a Participant
engages in any Detrimental Activity prior to, or during the one year period after, any exercise or
vesting of an Award but prior to a Change in Control, the Company shall be entitled to recover from
the Participant at any time within two (2) years after the exercise or vesting of the Award but
prior to a Change in Control, and the Participant shall pay over to the Company with respect to any
Award previously held by such Participant (i) an amount equal to the excess of the Fair Market
Value of the Common Stock for which any Option was exercised over the Exercise Price paid
(regardless of the form by which payment was made) with respect to such Option; (ii) any shares of
Common Stock granted pursuant to any Award other than an Option, and if such shares are not still
owned by the Participant, the Fair Market Value of such shares on the date they were issued, or if
later, the date all vesting restrictions were satisfied; and (iii) any cash or other property
(other than Common Stock) received by the Participant from the Company pursuant to an Award.

          (o) Disclaimer of Rights. No provision in the Plan, any Award granted or any Award
Agreement entered into pursuant to the Plan shall be construed to confer upon any individual the
right to remain in the employ of or service with the Company or to interfere in any way with the
right and authority of the Company either to increase or decrease the compensation of any
individual, including any holder of an Award, at any time, or to terminate any employment

22

 

or other relationship between any individual and the Company. The grant of an Award pursuant
to the Plan shall not affect or limit in any way the right or power of the Company to make
adjustments, reclassifications, reorganizations or changes of its capital or business structure or
to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any part of its
business or assets.

          (p) Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan
for incentive and deferred compensation. With respect to any payments as to which a Participant
has a fixed and vested interest but which are not yet made to such Participant by the Company,
nothing contained herein shall give any such Participant any rights that are greater than those of
a general creditor of the Company.

          (q) Nonexclusivity of Plan. The adoption of the Plan shall not be construed as
creating any limitations upon the right and authority of the Board to adopt such other incentive
compensation arrangements (which arrangements may be applicable either generally to a class or
classes of individuals or specifically to a particular individual or individuals) as the Board in
its discretion determines desirable.

          (r) Other Benefits. No Award payment under the Plan shall be deemed compensation for
purposes of computing benefits under any retirement plan of the Company or any agreement between a
Participant and the Company, nor affect any benefits under any other benefit plan of the Company
now or subsequently in effect under which benefits are based upon a Participant’s level of
compensation.

          (s) Headings. The section headings in the Plan are for convenience only; they form no
part of this Agreement and shall not affect its interpretation.

          (t) Pronouns. The use of any gender in the Plan shall be deemed to include all
genders, and the use of the singular shall be deemed to include the plural and vice versa, wherever
it appears appropriate from the context.

          (u) Successors and Assigns. The Plan shall be binding on all successors of the
Company and all successors and permitted assigns of a Participant, including, but not limited to, a
Participant’s estate, devisee, or heir at law.

          (v) Severability. If any provision of the Plan or any Award Agreement shall be
determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining
provisions hereof and thereof shall be severable and enforceable in accordance with their terms,
and all provisions shall remain enforceable in any other jurisdiction.

          (w) Notices. Any communication or notice required or permitted to be given under the
Plan shall be in writing, and mailed by registered or certified mail or delivered by hand, to
Spherion, to its principal place of business, attention: Treasury Department, and if to the holder
of an Award, to the address as appearing on the records of the Company.

23

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