Document:

Exhibit
        10.1

    

     

    AMENDMENT
      TO EMPLOYMENT AGREEMENT

     

    This
      Amendment is dated and made as of June 20, 2007, modifying the Employment
      Agreement dated as of July 1, 1999 (together with any and all previous
      amendments, the “Employment Agreement”) between GP Strategies Corporation (the
“Company”) and Scott N. Greenberg (“Employee”).

    

    Whereas,
      the Company and Employee wish to amend the Employment Agreement to extend the
      term of the Employment Agreement, delete the requirement for annual minimum
      mandatory salary increases and make other revisions as set forth
      below.

    

    NOW,
      THEREFORE, intending to be legally bound, and for good and valuable
      consideration, including the mutual covenants set forth herein, the Company
      and
      the Employee hereby agree to amend the Employment Agreement as
      follows:

    

    1. Section
      3
      (Term of Employment) of the Employment Agreement is hereby amended to read
      in
      its entirety as follows:

    

    
      	 	
              “Unless
                sooner terminated in accordance with the provisions of this Agreement
                the
                term of employment of Employee by the Company pursuant to this Agreement
                shall be for the period (the “Employment Period”) commencing on the date
                hereof and ending on the earlier of (a) the date determined in accordance
                with Section 10 below, (b) the date which is not less than two (2)
                years
                after the Company or Employee has given written notice to the other
                of its
                decision to end the Employment Period (but in no case prior to February
                28, 2009), or (c) the date mutually agreed in writing by Company
                and
                Employee.” 

            

    

    

    2. Subsection
      5(a) of the Employment Agreement is hereby amended to read in its entirety
      as
      follows: 

    

    “Base
      Salary.
      During
      the Employment Period, the Company shall pay to Employee a base annual salary
      at
      the rate paid by the Company to Employee immediately prior to the commencement
      of the Employment Period, and as increased each July 1 during the Employment
      Period as determined by the Board. The base salary will be payable at such
      intervals (at least monthly) as salaries are paid generally to other executive
      officers of the Company. During any period in which the Employee is eligible
      to
      receive salary replacement payments under the provisions of any benefits plan(s)
      sponsored or maintained by the Company, the Company’s obligation to pay salary
      shall be reduced by an amount equal to the amount of benefits paid or payable
      under such plan(s).”

    

    
      
         

      

      
        Page
          1 of
          3

        
          

        

      

      
         

      

    

     

    3. Section
      7
      (Non-Competition, Non-Solicitation) of the Employment Agreement is hereby
      amended by substituting “one (1) year” for “nine months” where it appears in the
      first sentence thereof.

    

    4. Schedule
      A attached to the Employment Agreement is hereby amended to read in its entirety
      as set forth in the Schedule A attached to this Amendment. 

    

    5. Except
      as
      otherwise amended hereby, the Employment Agreement shall remain unmodified
      and
      in full force and effect. 

    

    IN
      WITNESS WHEREOF, the Company and the Employee have duly executed this Amendment
      as of the date first above written.

    
      	 	 	 	 
	
              GP
                STRATEGIES CORPORATION 

            	 	 	 
	 	 	 	 
	By:
 /s/
              Harvey P. Eisen	 	 	/s/
              Scott N.
              Greenberg
	
              
                

              

              Chairman
                of the Board 

            	 	 	
              
Scott
              N. Greenberg

    

     

    
      
         

      

      
        Page
          2 of
          3

        
          

        

      

      
         

      

    

     

    Schedule
      A

    

    Employee’s
      bonus for each calendar year during the Employment Period, commencing 2007,
      shall equal (i) 1% of Employee’s base salary for that year for each 1% increase
      in EBITDA from the prior year’s EBITDA, up to a 10% increase in EBITDA, (ii) 2%
      of Employee’s base salary for that year of each 1% increase in EBITDA from the
      prior year’s EBITDA, in excess of a 10% increase up to a 15% increase in EBITDA,
      and (iii) 3% of Employee’s base salary for that year for each 1% increase in
      EBITDA from the prior year’s EBITDA, in excess of a 15% increase up to a 25%
      increase in EBITDA. The maximum bonus for any calendar year during the
      Employment Period shall equal 50% of Employee’s base salary for that
      year.

    

    EBITDA
      shall mean the consolidated earnings of GPS and its subsidiaries before
      interest, taxes, depreciation and amortization, excluding extraordinary or
      unusual nonrecurring items of income and expense (including without limitation,
      restructuring charges, severance, write off of goodwill, future lease expense
      and similar items), determined in accordance with generally accepted accounting
      principles by GPS’s independent accountants. In calculating the bonus for any
      year in which GPS or its subsidiaries acquires any business, the EBITDA for
      the
      prior year shall be adjusted to reflect the budgeted EBITDA of the acquired
      business (as set forth in the budget numbers on which the acquisition was based)
      for the period from the date of the acquisition to the end of the calendar
      year
      in which the acquisition takes place. In calculating the bonus for any year
      in
      which GPS or its subsidiaries disposes of any business, the EBITDA for that
      year
      and the prior year shall be adjusted to eliminate income and expense reasonably
      attributable to the disposed of business. The bonus for any year shall be paid
      not later than 30 days after delivery of GPS’s audited financial statements for
      that year. 

     

    
      
         

      

      
        Page
          3 of
          3Exhibit
        10.2

    

     

    AMENDMENT
      TO EMPLOYMENT AGREEMENT

     

    This
      Amendment is dated and made as of June 20, 2007, modifying the Employment
      Agreement dated as of July 1, 1999 (together with any and all previous
      amendments, the “Employment Agreement”) between GP Strategies Corporation (the
“Company”) and Douglas Sharp (“Employee”).

    

    Whereas,
      the Company and Employee wish to amend the Employment Agreement to extend the
      term of the Employment Agreement, delete the requirement for annual minimum
      mandatory salary increases and make other revisions as set forth
      below.

    

    NOW,
      THEREFORE, intending to be legally bound, and for good and valuable
      consideration, including the mutual covenants set forth herein, the Company
      and
      the Employee hereby agree to amend the Employment Agreement as
      follows:

    

    1. Section
      3
      (Term of Employment) of the Employment Agreement is hereby amended to read
      in
      its entirety as follows:

    

    
      	 	
              “Unless
                sooner terminated in accordance with the provisions of this Agreement
                the
                term of employment of Employee by the Company pursuant to this Agreement
                shall be for the period (the “Employment Period”) commencing on the date
                hereof and ending on the earlier of (a) the date determined in accordance
                with Section 10 below, (b) the date which is not less than two (2)
                years
                after the Company or Employee has given written notice to the other
                of its
                decision to end the Employment Period (but in no case prior to February
                28, 2009), or (c) the date mutually agreed in writing by Company
                and
                Employee.” 

            

    

    

    2. Subsection
      5(a) of the Employment Agreement is hereby amended to read in its entirety
      as
      follows: 

    

    “Base
      Salary.
      During
      the Employment Period, the Company shall pay to Employee a base annual salary
      at
      the rate paid by the Company to Employee immediately prior to the commencement
      of the Employment Period, and as increased each July 1 during the Employment
      Period as determined by the Board. The base salary will be payable at such
      intervals (at least monthly) as salaries are paid generally to other executive
      officers of the Company. During any period in which the Employee is eligible
      to
      receive salary replacement payments under the provisions of any benefits plan(s)
      sponsored or maintained by the Company, the Company’s obligation to pay salary
      shall be reduced by an amount equal to the amount of benefits paid or payable
      under such plan(s).”

     

    
      
         

      

      
        Page
          1 of
          3

        
          

        

      

      
         

      

    

    

    3. Section
      7
      (Non-Competition, Non-Solicitation) of the Employment Agreement is hereby
      amended by substituting “one (1) year” for “nine months” where it appears in the
      first sentence thereof.

    

    4. Schedule
      A attached to the Employment Agreement is hereby amended to read in its entirety
      as set forth in the Schedule A attached to this Amendment.

    

    5. Except
      as
      otherwise amended hereby, the Employment Agreement shall remain unmodified
      and
      in full force and effect. 

    

    IN
      WITNESS WHEREOF, the Company and the Employee have duly executed this Amendment
      as of the date first above written.

    
      	 	 	 	 
	
              GP
                STRATEGIES CORPORATION 

            	 	 	 
	 	 	 	 
	By: 
/s/
              Harvey P. Eisen	 	 	/s/
              Douglas
              Sharp
	
              
                
Chairman
                of the Board 

            	 	 	
              
Douglas
              Sharp

    

     

    
      
         

      

      
        Page
          2 of
          3

        
          

        

      

      
         

      

    

     

    Schedule
      A

    

    Employee’s
      bonus for each calendar year during the Employment Period, commencing 2007,
      shall equal (i) 1% of Employee’s base salary for that year for each 1% increase
      in EBITDA from the prior year’s EBITDA, up to a 10% increase in EBITDA, (ii) 2%
      of Employee’s base salary for that year of each 1% increase in EBITDA from the
      prior year’s EBITDA, in excess of a 10% increase up to a 15% increase in EBITDA,
      and (iii) 3% of Employee’s base salary for that year for each 1% increase in
      EBITDA from the prior year’s EBITDA, in excess of a 15% increase up to a 25%
      increase in EBITDA. The maximum bonus for any calendar year during the
      Employment Period shall equal 50% of Employee’s base salary for that
      year.

    

    EBITDA
      shall mean the consolidated earnings of GPS and its subsidiaries before
      interest, taxes, depreciation and amortization, excluding extraordinary or
      unusual nonrecurring items of income and expense (including without limitation,
      restructuring charges, severance, write off of goodwill, future lease expense
      and similar items), determined in accordance with generally accepted accounting
      principles by GPS’s independent accountants. In calculating the bonus for any
      year in which GPS or its subsidiaries acquires any business, the EBITDA for
      the
      prior year shall be adjusted to reflect the budgeted EBITDA of the acquired
      business (as set forth in the budget numbers on which the acquisition was based)
      for the period from the date of the acquisition to the end of the calendar
      year
      in which the acquisition takes place. In calculating the bonus for any year
      in
      which GPS or its subsidiaries disposes of any business, the EBITDA for that
      year
      and the prior year shall be adjusted to eliminate income and expense reasonably
      attributable to the disposed of business. The bonus for any year shall be paid
      not later than 30 days after delivery of GPS’s audited financial statements for
      that year. 

     

    
      
         

      

      
        Page
          3 of
          3

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