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Exhibit 10.74  

 
  INTERIM SERVICES INC. (NOW KNOWN AS SPHERION CORPORATION)
  DEFERRED STOCK AGREEMENT    
    

        This Deferred Stock Agreement (the "Agreement") is entered into as of the      day of
                        ,             , by and between
INTERIM SERVICES INC. (NOW KNOWN AS SPHERION CORPORATION) (the "Company") and
                                        
("Recipient"). 

W I T N E S S E T H:  

        WHEREAS, the Company has adopted the Interim Services Inc.(Spherion Corporation) Deferred Stock Plan (the
"Plan") which is administered by a Committee appointed by the Company's Board of Directors (the "Committee"); and 

        WHEREAS, the Committee has granted to Recipient an award of deferred stock under the terms of the Plan to encourage Recipient's continued
loyalty and diligence (the "Award"); and 

        WHEREAS, to comply with the terms of the Plan and to further the interests of the Company and Recipient, the parties hereto have set forth
the terms of such award in writing in the Agreement; 

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

	1.
	Stock Award.  

        (a)    General.    Subject to the restrictions and other conditions
set forth herein, the Company hereby grants to Recipient an award of              shares of the Common Stock $.01 par value, of the Company. Such shares are hereinafter
referred to as the "Deferred Shares." 

        (b)    Background.    The Deferred Shares were awarded to Recipient on
                        ,              (the "Grant
Date). 

	2.
	Vesting Restrictions.

        The
Deferred Shares shall vest 100% on July 5, 2006, provided that the Recipient remains employed by the Company or its subsidiaries on such date. However, on the date of filing
of the Company's Form 10-K with the Securities and Exchange Commission for the fiscal year in which the Company first achieves fiscal year fully diluted earnings per share (before
extraordinary items, restructuring and Year 2000 charges) equal to or greater than the EPS Target(s) in the schedule set forth below, the Deferred Shares shall vest in accordance with the schedule set
forth below, provided that the Recipient remains employed by the Company or its subsidiaries on such dates. 

	EPS Target
	 	Percent of Shares Vested

	*	 	*
	*	 	*

        The Company reserves the right to adjust the EPS Targets for all material acquisitions or business combinations. 

	3.
	Forfeiture Upon Termination of Employment.  

        If Recipient is no longer employed by the Company or any of its subsidiaries for any reason, any Deferred Shares that are not then vested under Section 2
shall be immediately forfeited, and Recipient shall have no rights in such Deferred Shares. 

	*
	Confidential
portions omitted and filed separately with the Commission. 

1

 

	4.
	Delivery of Deferred Shares.  

        (a)    General.    Except as provided in subsection (b) below, the Company shall
instruct its transfer agent to issue a stock certificate representing such vested Deferred Shares in the name of Recipient (or issue shares in book form) within a reasonable time after any of the
Deferred Shares become vested. 

        (b)    Deferred Delivery.    Recipient may elect to defer the receipt of Deferred Shares beyond the vesting date upon
such terms as may be established by the Committee. Any such election must be made at such time and in accordance with such procedures as are established by the Committee, but in no event shall such an
election be made after the beginning of the calendar year in which such Deferred Shares become vested. 

	5.
	Agreement of Recipient.  

        Recipient acknowledges that certain restrictions under state or federal securities laws may apply with respect to the Deferred Shares granted to Recipient
pursuant to the Award. Specifically, Recipient acknowledges that, to the extent Recipient is an "affiliate" of the Company (as that term is defined by the Securities Act of 1933), the Deferred Shares
granted to Recipient as a result of the Award are subject to certain trading restrictions under applicable securities laws (including particularly the Securities and Exchange Commission's
Rule 144). Recipient hereby agrees to execute such documents and take such actions as the Company may reasonably require with respect to state and federal securities laws and any restrictions
on the resale of such shares which may pertain under such laws. 

	6.
	Withholding.  

        Recipient shall pay an amount equal to the amount of all applicable federal, state and local or foreign taxes which the Company is required to withhold at any
time. Such payment may be made in cash, by withholding from Recipients' normal pay, or by delivery of shares of the Company's common stock (including shares issuable under this Agreement). 

	7.
	Plan Provisions.  

        In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in the Plan, which is hereby
incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of any conflict
between the provisions of the Agreement and the Plan, the Plan shall control. 

	8.
	Miscellaneous.  

        (a)    Limitation of Rights.    The granting of the Award and the
execution of the Agreement shall not give Recipient any rights to similar grants in future years or any right to be retained in the employ or service of the Company or any of its subsidiaries or to
interfere in any way with the right of the Company or any such Subsidiary to terminate Recipient's employment or services at any time or the right of Recipient to terminate Recipient's employment at
any time. 

        (b)    Shareholder Rights.    Recipient shall have none of the rights of a shareholder with
respect to the Deferred Shares until such shares have been delivered and issued to Recipient pursuant to Section 4. 

        (c)    Severability.    If any term, provision, covenant or restriction contained in the
Agreement is held by a court or a federal regulatory agency of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained
in the Agreement shall remain in full force and effect, and shall in no way be affected, impaired or invalidated. 

	*
	Confidential
portions omitted and filed separately with the Commission. 

2

 

        (d)    Controlling Law.    The Agreement is being made in Florida and shall be construed and
enforced in accordance with the laws of that state. 

        (e)    Construction.    The Agreement contains the entire understanding between the parties
and supersedes any prior understanding and agreements between them representing the subject matter hereof. There are no representations, agreements, arrangements or understandings, oral or written,
between and among the parties hereto relating to the subject matter hereof which are not fully expressed herein. 

        (f)    Headings.    Section and other headings contained in the Agreement are for reference
purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of the Agreement or any provision hereof. 

        IN WITNESS WHEREOF, the parties hereto have executed the Agreement as of day and year first set forth above. 

	

 	
INTERIM SERVICES INC. (NOW KNOWN AS

SPHERION CORPORATION)
	

 	

By:	

	

 	

 	

Title:	

	

 	
RECIPIENT
	

 	

  
  

	*
	Confidential
portions omitted and filed separately with the Commission. 

3

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INTERIM SERVICES INC. (NOW KNOWN AS SPHERION CORPORATION) DEFERRED STOCK AGREEMENTQuickLinks
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Exhibit 4.2  

 
  Schedule 1 to Exhibit 4.1
  Individual Deviations from Standard Management Board Services
  Agreement by Current Members of Management Board(1)    
    

	Name
 
	 	For reporting period
	 	Term; §1(i)
	 	Appointed by

Resolution of

Supervisory Board

dated; §1(i)
	 	Fixed Annual

Salary; §4(i)(a)
	 	Bonus;

§4(i)(b)
	 	Additional

bonus;

§4(i)(b) 2d.

par.
	 	Position;

§1(i)

	Kai-Uwe Ricke	 	1.1. to 31.12.2004	 	15.11.2002 to 14.11.2007	 	Nov. 14, 2002	 	1,250,000	 	1,250,000	 	20	%	Chairman
	

Dr. Karl-Gerhard Eick	
 	

1.1. to 31.12.2004	
 	

1.12.2002 to 30.11.2007	
 	

Nov. 28, 2002	
 	

937,500	
 	

937,500	
 	

20	
%	

Vice-Chairman
	

Dr. Heinz Klinkhammer(2)	
 	

1.1. to 31.12.2004	
 	

1.4.2001 to 31.3.2006	
 	

Apr. 13, 2000	
 	

750,000	
 	

750,000	
 	

20	
%	

Member
	

Rene Oberman	
 	

1.1. to 31.12.2004	
 	

1.12.2002 to 30.11.2007	
 	

Nov. 28, 2002	
 	

750,000	
 	

750,000	
 	

20	
%	

Member
	

Konrad F. Reiss	
 	

1.1. to 31.12.2004	
 	

20.1.2003 to 19.1.2008	
 	

Jan. 16, 2003	
 	

750,000	
 	

750,000	
 	

20	
%	

Member
	

Walter Raizner(3)	
 	

1.1. to 31.12.2004	
 	

1.11.2004 to 31.10.2009	
 	

Sept. 3, 2004	
 	

937,500	
 	

937,500	
 	

20	
%	

Member

	(1)
	Josef
Brauner and Thomas Holtrop resigned from the Management Board in 2004.

	(2)
	Since
Dr. Klinkhammer joined our Company on April 1, 1996, and is the most senior member of our Management Board, the wording of his agreement deviates from the standard
agreement in language, but not in substance, and certain details, which the Company believes are insignificant, differ from the standard agreement in sections 2(1), 2(3), 3(3), 4(1), 4(3),
4(4), 4(6), 4(7), 6(1), 6(3), 7(3), 8(2), 10, 12(2), 14(3) and in the post-contractual non-compete agreement. Also, the insurance amounts in section 7(1)(a) and (b) differ and are approximately
23.3% less.

	(3)
	Walter
Raizner was granted a 2004 bonus equal to 120% of two month's salary. 

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Schedule 1 to Exhibit 4.1 Individual Deviations from Standard Management Board Services Agreement by Current Members of Management Board(1)

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