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                                                              EXHIBIT 10(r)

                                 FIRST AMENDMENT
                                       TO
             NON-QUALIFIED SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT

     This First Amendment made as of March 22, 1999 to the NON-QUALIFIED
SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT between MICHAEL SHEA (the
"Executive") and the COMPUTER HORIZONS CORP. (the "Company"), dated as of
March 22, 1999 (the "Agreement").

     WHEREAS, the Executive and the Company have previously entered into the
Agreement;

     WHEREAS, the Company and the Executive desire to amend the Agreement in
accordance with Section 12 thereof to provide for immediate vesting and
payment of retirement benefits upon a change of control of the Company.

     NOW THEREFORE, the parties agree to amend the Agreement, effective as of
March 22, 1999 as follows:

     1.  Section 7 of the Agreement is amended by adding the following
paragraph at the end thereof:

         "Notwithstanding the foregoing, the Company may establish
         a "rabbi trust" as described in Rev. Proc. 92-64, 1992-2
         C.B. 422 as promulgated by the Internal Revenue Service
         ("IRS") or any subsequent guidance issued by the IRS,
         whereby trust assets will be held, subject to the claims
         of the Company's creditors in the event of the Company's
         insolvency, until paid to the Participating Employee
         and/or any designated Beneficiary(ies) under the terms of
         this Agreement."

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     2.  The second sentence of the first paragraph of Section 8 of the
Agreement is amended to read as follows:

         "Except as provided in Section 7 hereof, the
         Participating Employee and/or the designated
         Beneficiary(ies) of the Participating Employee shall have
         the right to receive payments specified under this
         Agreement only from the Company and shall have no right to
         any specific assets of the Company, or any specific or
         special property separate from the Company, to satisfy or
         discharge any claim for benefits."

     3.  Section 11 of the Agreement is amended in its entirety to read as
follows:

         "11.  ACCELERATION OF PAYMENTS. (a) The Company reserves
         the right, in its sole and absolute discretion, to
         accelerate the payment of any benefits payable under this
         Agreement without the consent of the Participating
         Employee, his estate, his designated recipients, or any
         other person claiming through the Participating Employee.

         (b)  Notwithstanding anything else herein, upon the
         occurrence of a Change of Control that occurs prior to the
         date the Participating Employee's employment with the
         Company terminates the Participating Employee shall be
         fully vested in his Retirement Benefit set forth in
         Paragraph 1 of this Agreement and such benefit shall be
         paid to the Participating Employee (or if he dies prior to
         payment, his designated Beneficiary(ies)) within 5 days
         after the date on which the Change of Control occurs.
         Notwithstanding the foregoing, in the event the
         Participating Employee's employment is terminated without
         Cause within ninety (90) days prior to the occurrence of a
         Change of Control, such termination shall, upon occurrence
         of the Change in Control, be deemed to be covered by the
         preceding sentence. For purposes of this Agreement: (i)
         "Change of Control" shall mean: (A) in the case where
         there is an employment agreement in effect between the
         Participating Employee and the Company that defines
         "Change of Control", "Change of Control" as defined under
         such employment agreement, or (B) in the case where there
         is no employment agreement in effect between the
         Participating Employee and the Company, or where there is
         such an employment agreement, but the employment agreement
         does not define "Change of Control", "Change of Control"
         as defined in the Computer Horizons Corp. 1994 Incentive
         Stock Option and Appreciation Plan as in effect on May 4,
         1994" and (ii) "Cause" shall mean: (A) in the case where
         there is an employment agreement in effect between the

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         Participating Employee and the Company that defines
         "Cause", "Cause" as defined in such employment agreement,
         or (B) in the case where there is no employment agreement
         in effect between the Participating Employee and the
         Company, or where there is such an employment agreement
         but the employment agreement does not define "Cause",
         termination due to a Participating Employee's dishonesty,
         fraud, insubordination, willful misconduct, refusal to
         perform services (for any reason other than illness or
         incapacity) or the Participating Employee's unsatisfactory
         performance of his or her duties for the Company.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the date first above written.

                                       /s/ MICHAEL J. SHEA
                                       --------------------------------
                                       MICHAEL SHEA

                                       COMPUTER HORIZONS CORP.

                                       By:  /s/ WILLIAM J. MURPHY
                                            ----------------------------

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Exhibit 10.1

    
    

 
 

SECOND AMENDMENT TO NON-QUALIFIED
  SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT    
    

        This Second Amendment to Non-Qualified Supplemental Retirement Benefit Agreement (the "Second Amendment") is made and entered into as of May 6, 2003 (the
"Effective Date") by and between Computer Horizons Corp., a New York corporation (the "Company") and William J. Murphy an individual employee of the Company (the "Participating Employee"). 

 
 

 W I T N E S S E T H:    
    

        WHEREAS, the Company and the Participating Employee have entered into a Non-Qualified Supplemental Retirement Benefit Agreement (the "Benefit Agreement"); and 

        WHEREAS,
the Company and the Participating Employee have determined to amend the Benefit Agreement; 

        NOW,
THEREFORE, in consideration of the mutual covenants and undertakings contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and subject to and on the terms and conditions herein set forth, the parties hereto agree as follows: 

	1.
	AMENDMENT
OF DEFINITION OF "CHANGE OF CONTROL". The first clause of the third sentence of PARAGRAPH 11(b) -ACCELERATION OF PAYMENTS of the Benefit Agreement, identified as
clause (i), shall be deleted in its entirety and replaced with the following: 

(i) "Change
in Control" shall mean the happening of any of the following events: 

(A) when
any "person" as defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as used in Sections 13(d) and 14(d) thereof,
including a "group" as defined in Section 13(d) of the Exchange Act but excluding the Company and any subsidiary thereof and any employee benefit plan sponsored or maintained by the Company or
any subsidiary thereof (including any trustee of such plan acting as trustee), directly or indirectly, becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act, as
amended from time to time), of securities of the Company representing 20 percent or more of the combined voting power of the Company's then outstanding securities; 

(B) when,
during any period of 24 consecutive months, the individuals who, at the beginning of such period, constitute the Board (the "Incumbent Directors") cease for any reason other than
death to constitute at least a majority thereof, provided that a director who was not a director at the beginning of such 24-month period shall be deemed to have satisfied such 24-month requirement
(and be an Incumbent Director) if such director was elected by, or on the recommendation of, or with the approval of, at least two-thirds of the directors who then qualified as Incumbent Directors
either 

1

 

actually
(because they were directors at the beginning of such 24-month period) or by prior operation of this clause (B); or 

(C) the
occurrence of a transaction requiring shareholder approval for the acquisition of the Company by an entity other than the Company or any subsidiary through the purchase of assets, or by
merger or otherwise; 

and

	2.
	AMENDMENT
TO ADD A PROVISION REGARDING EXCISE TAX. PARAGRAPH 16 - WITHHOLDING of the Benefit Agreement shall be amended to change the caption to WITHHOLDING AND OTHER TAX ISSUES and to
add thereto the following: 

Notwithstanding
anything contained herein to the contrary, to the extent that the Participating Employee would be subject to the excise tax under Section 4999 of the Internal Revenue Code of
1986, as amended (the "Code"), on the amounts to be received hereunder and such other amounts or benefits he received from the Company and required to be included in the calculation of parachute
payments for purposes of Sections 280G and 4999 of the Code, such amounts to be received hereunder shall be automatically reduced to an amount one dollar less than the amount that when combined
with such other amounts and benefits required to be so included, would subject the Participating Employee to the excise tax under Section 4999 of the Code if, and only if, the reduced amount
received by the Participating Employee would be greater than the unreduced amount to be received by the Participating Employee minus the excise tax payable under Section 4999 of the Code on
such amount and the other amounts and benefits received by the Participating Employee and required to be included in the calculation of a parachute payment for purposes of Section 280G and 4999
of the Code. 

	3.
	NO
OTHER CHANGES. Except amended by this Second and prior Amendment, the Benefit Agreement shall remain in full force and effect as originally stated and, all references to the Benefit
Agreement shall henceforth refer to the Benefit Agreement as amended by this Second and prior Amendment. This Second and prior Amendment shall be deemed incorporated into, and a part of, the Benefit
Agreement.

	4.
	CONFLICTS.
In the event of any conflict between the terms of the Benefit Agreement and the terms of this Second Amendment, the terms of this Second Amendment will control. 

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        IN
WITNESS WHEREOF, the Company has caused this First Amendment to be executed on its behalf by its duly authorized officers and the Participating Employee has executed this First
Amendment as of the day and year first above written. 

	 	 	COMPUTER HORIZONS CORP.
	

 	
 	
By:	

/s/  MICHAEL J. SHEA      
 Michael J. Shea

Chief Financial Officer
	

 	
 	
PARTICIPATING EMPLOYEE
	

 	
 	
 	

/s/  WILLIAM J. MURPHY      
 William J. Murphy

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Exhibit 10.1

SECOND AMENDMENT TO NON-QUALIFIED SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT

W I T N E S S E T H

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