Document:

Employment Agreement of Gerard R. Roche

 EXHIBIT 10.06 
  
 Heidrick and Struggles, Inc. 
  

Consultants in Executive Search 
  

					
	 Richard D. Nelson
	 	 	 	 
	 Partner
	 	 	 	 
	 Chief Financial and
	 	 	 	 
	 Administrative Officer
	 	 	 	 
	 Counsel
	 	 	 	 

  
 June 4, 1990

  
 Mr. Gerard R. Roche 
 111 Paulding Drive 
 Chappaqua, NY 10514 
  
 Dear Gerry:

  
 In 1989 you and the company mutually agreed that your base and
bonus compensation for 1989 would be $1.0 million. In early 1990 you and the company agreed (and the Executive Committee approved) to extend your $1.0 million compensation for an additional four (4) years (i.e., through December 31, 1993) in
accordance with the terms set forth in the attachment to (which is a part of) this letter.
  
 The purpose of this letter is to document the above agreement between you and the company. 
  
 Please initial the attachments to and sign the two original copies of this letter agreement as provided below, indicating your acceptance and approval.
Retain one fully signed original for your files and return one fully signed original to me for the company files. 
  
 Best regards. 
  

	
	Very truly yours,
	
	 /s/    Richard D. Nelson        

	

	Richard D. Nelson

 RDN: ec 
 Attachment 
  
 Accepted and approved this 6th day of
June 1990. 
  

	
	 /s/    Gerard R. Roche

	

	Gerard R. Roche

  
  
  
 125 South Wacker Drive    Suite
2800    Chicago, IL 60606-4590     Phone: 312/372-8811    FAX: 312/372-1698 
  
 Offices in Principal Cities of the World 

 TERMS OF EMPLOYMENT 
  

	1.	Compensation. 

  
 Base and bonus compensation shall be at the rate of one million dollars ($1,000,000.00) per year. During 1990 you have been and will be paid as follows:
$50,000 per month for the month of January and February and $90,000 per month for the months of March through December. Commencing January 1, 1991, and continuing through the term of this agreement, you will be paid $83,833.34 per month. Your
compensation will be paid in accordance with company policy, which is currently monthly on the last business day of each month, and will be subject to applicable withholding taxes. 
  

	2.	Title. Chairman. 

  

	3.	Term. 

  
 January 1, 1990, through December 31, 1993, unless earlier terminated due to disability or death. 
  

	4.	Activities. 

  
 You will continue as a full-time employee and may continue your outside activities in accordance with current practice. Although your Fee/SOB status will
continue to be kept, these numbers will not have any impact on your compensation. 
  

	5.	Fringe Benefits. 

  
 Your current fringe benefits: business clubs, group insurance, etc. will continue in accordance with overall company policy. 
  

	6.	Staff. 

  
 Your current staff support will continue and will be subject to change in accordance with your professional needs. 
  

	7.	Other Contracts/Amendments. 

  
 This agreement supplements (and does not supercede) your June 21, 1973, Employment Agreement, as amended, with the company. This agreement may be amended
as mutually agreed in writing signed by you and the company. 

 HEIDRICK & STRUGGLES 
  
 12 December 2002 
  
 Mr. Gerard R. Roche 
 111 Paulding Drive 
 Chappaqua, New York 10514 
  
 Dear
Gerry: 
  
 This letter will serve as an amendment to the June 4, 1990 employment
letter agreement between you and the Company, as amended (“Letter Agreement”). 
  
 It is agreed that Section 3 of the “Terms of Employment” attachment to the Letter Agreement is amended to read as follows: 
  

	 	3.	Term and Non-Solicitation: 

  
 January 1, 2002, and continuing thereafter until terminated upon at least 30 days written notice by you or the Company to the other, unless earlier
terminated due to permanent disability or death. Upon termination of your employment by the Company (other than due to termination of your employment for Cause or to your permanent disability or death) or by you for “Good Reason” (see
below) you will continue to receive your $83,833.33 base monthly salary for a period of 12 months following the effective date of your termination of employment. 
  
 You may terminate your employment hereunder for Good Reason (and such termination shall be treated as if it were a
termination by the Company without Cause, and not a voluntary termination by you). “Good Reason” shall mean the occurrence of any of the following events during the term of your employment hereunder (i) a diminution of the amount of your
base salary or benefits or level of eligibility for incentive programs, except in connection with the termination of your employment by the Company for Cause or due to permanent disability or death; (ii) the assignment to you of any duties
materially inconsistent with, or the reduction of 
  
  
 Sears Tower    233 South Wacker Drive    Suite 4200    Chicago, IL
60606-6303     Phone: 312/496-1200    FAX: 312/496-1290 
  
 Heidrick & Struggles, Inc.    Offices in Principal Cities of the World    www.heidrick.com 

 Mr. Gerard R. Roche 
 12 December 2002 
 Page 2 
  
 responsibilities or functions associated with,
your position and status with the Company, except in connection with the termination of your employment by the Company for Cause or due to permanent disability or death; (iii) the failure by the Company to pay you any portion of your current
compensation, or any portion of your compensation deferred under any plan, agreement or arrangement of or with the Company within seven (7) days of the date such compensation is due; or (iv) a change of the location of your principal place of
employment more than 50 miles in radius from its initial location or a change in your current staff and/or office suite unless part of the move of the entire office, without your approval. Notwithstanding the foregoing, an isolated and inadvertent
action taken in good faith and which is remedied by the Company within 30 days after receipt of written notice thereof given by you shall not constitute Good Reason. 
  
 “Cause” shall mean (a) fraud, or the embezzlement or misappropriation of funds or property of the Company or any
of its affiliates by you, your conviction of, or the entrance of a plea of guilty or nolo contendere by you, to a felony, or a crime involving moral turpitude; (b) neglect, misconduct or willful malfeasance which is materially
injurious to the Company or any of its affiliates; or (c) a willful, material breach of contract. 
  
 During your employment and for a period of twelve months after the termination of your employment by the Company without Cause or by you for Good Reason,
you shall not (i) provide services of the types provided to clients generally by the Company at the time of termination of employment for the account of any client of the Company and its affiliates with whom you had a direct relationship or as to
which you had a significant supervisory responsibility or otherwise were significantly involved at the time during the two years prior to such termination; or (ii) hire, solicit for hire, or assist any other person in soliciting or hiring, any
employment candidate with whom you have had contact while at the Company during the two years prior to such termination; or (iii) directly or indirectly solicit or hire, or assist any other person in soliciting or hiring, any employee of the Company
and its affiliates of at least partner rank (as of your termination of employment) or any person expected to have such rank who, as of such date, was in the process of being recruited by the Company and its affiliates, or induce any such employee to
terminate his or her employment with the Company and its affiliates. Your failure 
  
 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 

 Mr. Gerard R. Roche 
 12 December 2002 
 Page 3 
  
 at any time to comply with the requirements
of this paragraph will result in the payments detailed in the first paragraph of this Section 3, to the extent not then paid, being terminated with immediate effect, and all of your and the Company’s obligations under this paragraph shall
thereupon terminate. 
  
 Except as amended above, the Letter Agreement shall
remain in full force and effect without change. 
  
 Please sign both originals of
this Letter Agreement as provided below, indicating your acceptance and approval. Retain one fully signed original for your files and return one fully signed original to me for the Company’s files. 
  
 Best Regards. 
  

			
	Very truly yours,
	
	Heidrick & Struggles, Inc.
		
	By:	 	 /s/    Piers Marmion        

	 	 	

	 	 	 Piers Marmion
 President

  
 Accepted and approved this 13
day of Dec, 2002 
  

	
	 /s/    Gerard R. Roche        

	

	Gerard R. Roche

  
  
 HEIDRICK & STRUGGLES 
  
 Consultants in Executive SearchEmployment Agreement of Joie Gregor

 EXHIBIT 10.07 
  
 The attached exhibit sets forth the currently operative 
 portions of Joie A. Gregor’s employment agreement. 
  

 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 
  
 May 4, 1993 
  
 Michael T. Christy 
 Partner 

 
 Ms. Joie A Gregor 
 702 Gates Road 
 Gates Mill, Ohio 44040 
  
 Dear Joie: 
  
 I am pleased to confirm Heidrick & Struggles, Inc.’s offer of employment to you. 
  
 We are looking forward to your arrival and want to set forth our understanding: 
  

	1.	You will join our Tyson’s Corner (Vienna, Virginia) Office with the title of Partner at a monthly base salary of $12,500.00 (which is $150,000.00 annually), commencing on your
first day of employment, which shall be June 1, 1993. Currently, salaries are reviewed annually in March, so that your first salary review will be in March 1994. A copy of our Partner/Consultant Cash Compensation Policy is enclosed for your
information. 

  

	2.	You will first be eligible for a discretionary bonus for the year ending on December 31, 1993. You understand that, except for the minimum bonuses referred to below, all bonuses are
discretionary and not earned until declared by the Board of Directors or the Executive Committee of the Board of Directors, and that all discretionary, incentive and/or minimum bonuses are payable only if you are in our employ on the bonus payment
dates. As we discussed, you will be eligible to receive a minimum bonus for 1993 as follows: 

  
 1993 Minimum Bonus. Subject to the following conditions, you will receive a $182,000 minimum bonus for the calendar year ending December 31, 1993, payable
as follows: 
  

	 	(1)	$35,000 payable on June 30, 1993; 

  

	 	(2)	$25,000 payable on September 30, 1993; 

  

	 	(3)	$122,000 payable at the time 1993 bonuses are paid in March 1994; 

  
 provided, however, that the foregoing 1993 minimum bonus will be reduced by $.50 for each $1.00 that the sum of your June 1-December 31, 1993 fee and SOB
credits is less than $773,000. You expect to achieve at least 
  
 8000 Towers Crescent Drive Suite 555 Vienna, VA 22182 Phone: 703/761-4830 FAX: 703/761-4831 
  
 Heidrick & Struggles, Inc. Offices in Principal Cities of the World 
  

 Ms. Joie A. Gregor 
 May 4, 1993 
 Page Two 
  

 $292,000 in fee credits and $481,000 in SOB credits between June 1, 1993, and December 31, 1993. [For
example, if your 1993 fee credits equal $300,000 and your SOB credits equal $450,000—the sum of these credits is $750,000-$23,000 less than $773,000, so the minimum bonus payable in March 1994 would be reduced by $11,500.] 
  
 Notwithstanding anything in this section 2 to the contrary, at our option,
we may prepay in 1993 all or part of your bonus that would otherwise be payable in March 1994, provided that any such prepayment shall be supported by fee and SOB credits which have actually been collected. 
  

	3.	We will also pay you a special bonus of $21,000 on November 30, 1993, and a special bonus of $21,000 on February 28, 1994. This special bonus will not be part of your discretionary
bonus, if any, under our compensation guidelines. 

  

	4.	We will pay the initiation fee and regular monthly dues at a downtown business club approved by your Office Managing Partner in accordance with our business club policy, a copy of
which is enclosed. 

  

	5.	You will be eligible to participate in our fringe benefit programs in accordance with the programs’ terms. Copies of the booklets and Summary Plan Descriptions describing our
medical, dental, disability, life insurance, Flexible Spending Account and 401(k) Profit-Sharing and Retirement Plan will be provided at a later date. 

  

	6.	If you accept our offer of employment, you will become an “employee at will” unless or until we may otherwise agree in writing. This gives both of us the maximum
flexibility and permits either of us to terminate employment and compensation at any time for any reason. 

  

	7.	Two copies of an agreement relating to trade secrets, confidential information, clients, et cetera, are enclosed. We ask that all Consultants and Partners sign this agreement.
Please review and sign both copies and return one to me for processing. Of course, please call me if you have any questions about this agreement. 

  

	8.	You have advised us that you have not signed any agreement that will, in any way, affect your joining our firm or the performance of your work for us. 

  

	9.	 This agreement, which has been reviewed and approved by our CEO (who has authorized Michael T. Christy to sign this letter on behalf of the Office Managing
Partner), contains our entire understanding and can be amended only in writing 

 Ms. Joie A. Gregor 
 May 4, 1993 
 Page Three 
  

	 	 
which is signed by you, your Office Managing Partner, and either the CEO or CFO of the company. No promises have been made to you which are not set forth in
this letter. 

  
 To acknowledge your acceptance of our offer of
employment, please sign and return to me the enclosed copy of this letter, together with the agreement referred to in Item 8 above. 
  

	
	 Sincerely,

	
	/s/    MICHAEL T. CHRISTY         
	

	Michael T. Christy

  
 Enclosures 
  

	cc:	Robert E. Hallagan, CEO 

 Richard D. Nelson, CFO

  

					
	ACCEPTED:	 	 	 	 
			
	/s/    MS. JOIE A. GREGOR	 	 	 	 5/5/93
 Date

	
	 	 	 
	Ms. Joie A. Gregor	 	 	 

 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 
  
 May 10, 1993 
  
 Michael T. Christy 
 Partner 

 
 Ms. Joie A. Gregor 
 702 Gates Road 
 Gates Mill, Ohio 44040 
  
 Dear Joie: 
  
 This letter will serve to amend the May 4, 1993 employment letter agreement between you and Heidrick & Struggles, Inc. (“the company”) as follows:

  

	1.	Under point 1, your first day of employment will be May 4, 1993. 

  
 All other terms and conditions of the May 4, 1993, Heidrick & Struggles, Inc. offer of employment letter to you remain unchanged and in full force. 
  
 To acknowledge your acceptance of this amendment, please sign and return to me the enclosed
copy of this letter. 
  

									
	 	 	 	 	Sincerely,
					
	 	 	 	 	 	 	 	 	/s/    MICHAEL T. CHRISTY        
	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	Michael T. Christy

  

					
	 ACCEPTED:
	 	 	 	 
			
	/s/    JOIE A. GREGOR        	 	 	 	 5-11-93
 Date

	
	 	 	 
	Joie A. Gregor	 	 	 
			
	 APPROVED:
	 	 	 	 
			
	/s/    RICHARD D. NELSON        	 	 	 	 6-7-93
 Date

	
	 	 	 
	Richard D. Nelson	 	 	 

  
 8000 Towers Crescent
Drive Suite 555 Vienna, VA 22182 Phone: 703/761-4830 FAX: 703/761-4831 
  
 Heidrick & Struggles, Inc. Offices in Principal Cities of the World 
  

 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 
  
 David C. Anderson 
 North America Managing Partner 
  
 April 29, 1999 
  
 Ms. Joie A. Gregor 
 10040 East Happy Valley Road, #2035 
 Scottsdale, Arizona 85255 
  
 Dear Joie: 
  
 Now that your temporary assignment as the Office Managing Partner of our New York City, New York, office has concluded, it is appropriate to
amend your employment letter agreement to reflect our current understandings. 
  
 This letter will serve, effective February 1, 1999, as a fifth amendment to the May 4, 1993, employment letter agreement as amended on May 10, 1993, August 26, 1993, October 20, 1993, and December 19, 1997, between you and Heidrick &
Struggles, Inc. (“Agreement”). Your Agreement is amended as follows: 
  

	1.	Your role as the Office Managing Partner of our New York City, New York, office will conclude as of February 1, 1999, and effective February 1, 1999, you will remain in our New York
City, New York office with the title of “Partner” reporting to the New York Office Managing Partner. Your monthly base salary of $29,166.67 (which is $350,000.00 annually) will continue without change. 

  

	2.	You will continue to be eligible for a discretionary bonus in accordance with our Partner/Principal Cash Compensation Policy. 

  

	3.	Unless we otherwise agree in writing, the transportation costs reimbursement which is referred to in Section 3 of your December 19, 1997, amendment to your Agreement will no longer
apply. 

  

	4.	You have agreed to remain in the employ of the company for at least three years from the effective date of this amendment and not to compete, directly or indirectly, with our
company or solicit to hire or hire any of our employees or provide executive search services to our clients for a period of 18 months in the U.S.A. following the date of termination of your employment with the company, for any reason; provided,
however, that notwithstanding the foregoing you may compete with our firm after a period of 12 months following the date of termination of your employment with our firm, for any reason, provided that you are engaged in business on your own and are
not directly or 

  
 2200 Ross Avenue Suite 4700E
Dallas, TX 75201-2787 Phone: 214/220-2130 FAX: 214/220-1029 
  
 Heidrick & Struggles, Inc. Offices in Principal Cities of the World 
  

 Ms. Joie A. Gregor 
 April 29, 1999 
 Page Two 
  

 indirectly part of or affiliated with another entity engaged in executive search (this would not
prohibit you from hiring consultants and/or other staff to join a firm created by you). In consideration of the foregoing agreements by you, the company has agreed, subject to Board of Director approval, to vest all of your stock options and all
other unvested equity on the date your employment with the company terminates (for any reason) provided that any termination initiated by you takes place at least three years after the effective date of this amendment. 
  

	5.	This Agreement and its terms are confidential and you agree not to disclose the terms of this letter to anyone other than your spouse and your counsel. 

  

	6.	Except as amended above, your Agreement, as amended, remains in full force and effective without change. 

  
 To acknowledge your acceptance of this amendment, please sign and return to me the enclosed copy of this letter. 

 

									
	 	 	 	 	 Sincerely yours,

					
	 	 	 	 	 	 	 	 	/s/    DAVID C. ANDERSON        
	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	David C. Anderson
	 	 	 	 	 	 	 	 	North America Managing Partner

  

					
	 ACCEPTED:
	 	 	 	 
			
	/s/    JOIE A. GREGOR        	 	 	 	 5-1-99
 Date

	
	 	 	 
	Joie A. Gregor	 	 	 
			
	 APPROVED:
	 	 	 	 
			
	/s/    PATRICK S. PITTARD        	 	 	 	  
	
	 	 	 	

	Patrick S. Pittard	 	 	 	 Date

 HEIDRICK & STRUGGLES 
  
 Consultants in Executive Search 
  
 Marvin B. Berenblum 
 Managing Partner 
  
 November 15,
1999 
  
 Ms. Joie A. Gregor 
 10040 East Happy Valley Road, #2035 
 Scottsdale, Arizona 85255 
  
 Dear Joie: 
  
 This letter will serve, effective September 1, 1999, as a sixth amendment to the May 4, 1993, employment letter agreement as amended on May
10, 1993, August 26, 1993, October 20, 1993, December 19, 1997, and April 29, 1999, between you and Heidrick & Struggles, Inc. (“Agreement”). Your Agreement is amended as follows: 
  

	1.	You will be entitled to receive additional compensation of $4,000.00 per month from September 1999 to December 2000 (inclusive) or until such time as you transfer from the Heidrick
& Struggles, Inc. New York office, to assist in the payment of New York lodging expenses relating to your market development and recruitment efforts for the New York office. 

  

	2.	Section 9 of the Agreement is hereby restated to read as follows: 

  
 “This Agreement, which has been reviewed and approved by our CEO (who has authorized Michael T. Christy to sign this letter on behalf of the Office
Managing Partner), contains our entire understanding and can be amended only in writing which is signed by you, your Office Managing Partner, and either the President, the Americas or the CAO of the company. No promises have been made to you which
are not set forth in this letter.” 
  

	3.	Except as amended above, your Agreement, as amended, remains in full force and effective without change. 

  
 To acknowledge your acceptance of this amendment, please sign and return to me the enclosed copy of this letter. 

 

	
	Sincerely yours,
	
	/s/    MARVIN B. BERENBLUM
	

	 Marvin B. Berenblum
 Office Managing Partner

  
 Enclosure 
  
 245 Park Avenue New York, NY 10167-0152 Phone: 212/867-9876 FAX: 212/370-9035

  
 Heidrick & Struggles, Inc. Offices in Principal Cities of
the World 
  

 Ms. Joie A. Gregor 
 November 15, 1999 
 Page Two 
  

					
	 ACCEPTED:
	 	 	 	 
			
	/s/    JOIE A. GREGOR        	 	 	 	 11-17-99

	
	 	 	 	 
	Joie A. Gregor	 	 	 	 Date

			
	 APPROVED:
	 	 	 	 
			
	/s/    DONALD M. KILINSKI        	 	 	 	 11-17-99

	
	 	 	 	 
	Donald M. Kilinski	 	 	 	 Date

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