Document:

Filed by Bowne Pure Compliance

Exhibit 10.1

MONSTER WORLDWIDE, INC.

AMENDED AND RESTATED EXECUTIVE INCENTIVE PLAN

1. PURPOSE OF THE PLAN.

The purpose of the Monster Worldwide, Inc. Amended and Restated Executive Incentive Plan (the
“Plan”) is to allow Monster Worldwide, Inc. (the “Company”) to provide performance-based incentive
compensation to certain of its officers that satisfies the requirements for performance-based
compensation in Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”).

2. ADMINISTRATION OF THE PLAN.

The Plan shall be administered by a committee composed of two or more directors, all of whom
qualify as “outside directors” within the meaning of Section 162(m) of the Code (the “Committee”).
The Committee shall have the exclusive authority to select the officers to participate in the Plan,
to establish Performance Goals for performance during each Performance Period (as such terms are
defined in Section 4), to determine the amount of the incentive compensation bonus payable to any
Participant (as such term is defined in Section 3), and to make all determinations and take all
other actions necessary or appropriate for the proper administration and operation of the Plan.
Any determination by the Committee on any matter relating to the Plan shall be made in its sole
discretion and need not be uniform among Participants. The Committee’s interpretation of the Plan
shall be final, conclusive and binding on all parties concerned, including the Company, its
stockholders and any Participant.

3. ELIGIBILITY.

Incentive compensation bonuses under the Plan may be paid to those officers (including
officers who are directors) of the Company who are selected by the Committee (the “Participants”).
Participants may receive multiple incentive compensation bonuses during the same year under the
Plan.

4. PERFORMANCE PERIODS AND PERFORMANCE GOALS.

Incentive compensation bonuses under the Plan shall be payable to each Participant solely as a
result of the satisfaction of pre-established targeted levels of performance (the “Performance
Goals”) for the calendar year or such other performance period as is selected by the Committee (a
“Performance Period”).

 

 

 

Performance Goals, which may vary from Participant to Participant and target incentive
compensation bonus opportunity to target incentive compensation bonus opportunity, shall be based
upon the attainment of specific amounts of, or increases in, one or more of the following: the
market price of the Company’s common stock (either on a fixed date or over any specified period);
total stockholder return; dividends per share; revenues; operating income; cash flow; earnings
before or after income taxes; earnings before interest, taxes depreciation, amortization; net
income; stockholders’ equity; return on equity; book value per share; expense management; return on
investment; improvements in capital structure; profitability of an identifiable business unit or
product; maintenance or improvement of profit margins or operating efficiency; customer
satisfaction metrics; user traffic metrics; customer order metrics; or strategic business
objectives
consisting of one or more objectives based on meeting specified cost targets, business
restructurings, business expansion goals or goals relating to acquisitions or divestitures, all
whether applicable to the Company or any subsidiary or other business unit or any entity in which
the Company has a significant investment, or any combination thereof as the Committee may deem
appropriate. Each Performance Goal may be expressed on an absolute and/or relative basis, may be
based on, or otherwise employ, comparisons based on internal targets, business plans, the past
performance of the Company or any subsidiary, unit or entity and/or the past or current performance
of other companies, may provide for the inclusion, exclusion or averaging of specified items in
whole or in part, such as re-structuring charges, types of expenses, realized gains or losses on
strategic investments, discontinued operations, extraordinary items, accounting changes, and
unusual or nonrecurring items, and, in the case of earnings-based measures, may use or employ
comparisons relating to capital, shareholders’ equity and/or shares outstanding, assets or net
assets.

To the extent that a Performance Goal is based on, or calculated with respect to, the
Company’s common stock (such as increases in earnings per share or other similar measures), then in
the event of any corporate transaction involving the Company (including, without limitation, any
subdivision or combination or exchange of the outstanding shares of common stock, stock dividend,
stock split, spin-off, split-off, recapitalization, capital reorganization, liquidation,
reclassification of shares of common stock, merger, consolidation, extraordinary cash distribution,
or sale, lease or transfer of substantially all of the assets of the Company), the Committee shall
make or provide for such adjustments in such Performance Goal as the Committee may in good faith
determine to be equitably required in order to prevent dilution or enlargement in the rights of
Participants.

5. INCENTIVE COMPENSATION BONUSES.

Prior to the beginning of each Performance Period, or at such other time no later than such
time as is permitted by the applicable provisions of the Code, the Committee shall establish in
writing the target (or range of) incentive compensation bonus opportunity for each Participant
based upon the attainment of one or more Performance Goals established by the Committee at such
time. The Committee may provide for a threshold level of performance below which no amount of
incentive compensation bonus will be paid and a maximum level of performance above which no
additional incentive compensation bonus will be paid, and it may provide for the payment of
differing amounts for different levels of performance.

As soon as practicable after the end of each Performance Period but before any incentive
compensation bonuses are paid, the Committee shall certify in writing (i) whether the Performance
Goal or Goals were attained and (ii) the amount of the incentive compensation bonus payable to each
Participant based upon the attainment of the Performance Goals established by the Committee. The
Committee may determine to grant a Participant an incentive compensation bonus equal to, but not in
excess of, the amount specified in the foregoing certification. The Committee may also reduce or
eliminate the amount of any incentive compensation bonus of any Participant at any time prior to
payment thereof, based on such criteria as it shall determine, including but not limited to
individual merit and attainment of, or the failure to attain, specified personal goals established
by the Committee or the termination of employment by the Participant with the Company or its
subsidiaries whether before or after the end of a Performance Period. Under no circumstance may
the Committee increase the amount of
the incentive compensation bonus otherwise payable to a Participant pursuant to the Plan
beyond the amount originally established, waive the attainment of the Performance Goals established
by Committee or otherwise exercise its discretion so as to cause any incentive compensation bonus
pursuant to the Plan not to qualify as performance-based compensation under Section 162(m) of the
Code.

 

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As soon as practicable following the Committee’s determination of the amount of any incentive
compensation bonus payable to a Participant, but no later than December 31st of the calendar year
in which the determination is made, such incentive compensation bonus shall be paid to such
Participant by the Company in cash or in common stock of the Company (or any combination thereof),
as determined in the discretion of the Company’s management (provided that the form of such
payment, as elected by management, shall be subject to Committee approval).

The amount of the incentive compensation bonuses payable to any Participant pursuant to the
Plan in a single calendar year shall not exceed $10 million.

6. CESSATION OF EMPLOYMENT.

Participants who cease to be employed by the Company or its subsidiaries prior to the end of a
Performance Period, other than due to death or disability (as defined in any disability plan of the
Company or any of its subsidiaries applicable to the Participant), shall not be eligible to receive
an incentive compensation bonus for the Performance Period in which such termination of employment
occurs. Subject to Section 7, Participants who cease to be employed by the Company or its
subsidiaries prior to the end of a Performance Period due to death or disability (as defined in any
disability plan of the Company or any of its subsidiaries applicable to the Participant) may
receive an incentive compensation bonus which is prorated to the date of cessation of employment,
but based upon the attainment of the Performance Goals for either the entire Performance Period or
the portion thereof preceding such death or disability, as determined by the Committee in its sole
discretion.

7. MISCELLANEOUS PROVISIONS.

No Participant, officer or other person shall have any claim or right to receive or be paid
any incentive compensation bonus under the Plan prior to the actual payment thereof.

Neither the establishment of the Plan nor any action taken thereunder shall be construed as
giving any officer or other person any right to be retained in the employ of the Company.

The Company shall have the right to deduct from all incentive compensation bonuses payable
hereunder any federal, state, local or foreign taxes or other amounts required by law to be
deducted or withheld with respect to such payments.

No incentive compensation bonus under the Plan nor any rights or interests herein or therein
shall be assigned, transferred, pledged, encumbered, or hypothecated to, or in favor of, or subject
to any lien, obligation, or liability of a Participant to, any party (other than the Company or any
subsidiary), except, in the event of the Participant’s death, to his designated beneficiary as
hereinafter provided.

 

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Any payments on account of an incentive compensation bonus payable under the Plan to a
deceased Participant shall be paid to such beneficiary as has been last designated in writing by
the Participant, or if the Participant has not designated a beneficiary or if all Beneficiaries
fail to survive the Participant, the Participant’s beneficiary shall be the Participant’s spouse,
if any, or if none, his/her estate.

Nothing in the Plan shall be construed in any way as limiting the authority of the Committee,
the Board of Directors of the Company (the “Board”), the Company or any subsidiary to establish any
other annual or other incentive compensation bonus plan or as limiting the authority of any of the
foregoing to pay cash bonuses or other supplemental or additional incentive compensation to any
persons employed by the Company, or any subsidiary whether or not such person is a Participant in
this Plan and regardless of how the amount of such bonus or compensation is determined.

8. AMENDMENT OR TERMINATION OF THE PLAN.

The Board, without the consent of any Participant, may at any time terminate or from time to
time amend or terminate the Plan in whole or in part, whether prospectively or retroactively,
including in any manner that adversely affects the rights of Participants; provided, however, that
no amendment that would require the consent of the stockholders of the Company pursuant to Section
162(m) of the Code shall be effective without such consent.

9. RECOUPMENT.

If (i) any incentive compensation bonus is paid pursuant to the Plan on the basis of financial
results achieved by the Company, (ii) the Company is subsequently required to restate its financial
statements resulting in the financial results being reduced such that the incentive compensation
bonus would not have been paid (or would have been smaller in amount), and (iii) the Participant
receiving such incentive compensation bonus had actual knowledge of the circumstances requiring the
restatement, then such Participant may have the incentive compensation bonus reduced to the amount,
if any, that in the Committee’s sole judgment, would have been earned on the basis of the revised
financial statements. The Committee may require the Participant receiving the incentive
compensation bonus, as a condition to the receipt of the incentive compensation bonus, to agree
that the incentive compensation bonus may be reduced pursuant to this Section 9, and the Company
shall be entitled to seek recovery from the Participant, as it deems appropriate under the
circumstances, in the best interest of the Company and as permitted by law.

10. LAW GOVERNING.

The validity and construction of the Plan and any agreements entered into thereunder shall be
governed by the laws of the State of Delaware without giving effect to principles of conflict of
laws.

11. EFFECTIVE DATE.

The Plan originally became effective March 25, 2008 and was amended and restated effective as
of March 25, 2008.

 

-4-Filed by Bowne Pure Compliance

Exhibit 10.2

MONSTER WORLDWIDE, INC.

RESTRICTED STOCK AGREEMENT

THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is made, effective as of                     , 20
_____ 

(the “Grant Date”), by and between MONSTER WORLDWIDE, INC., a Delaware corporation (hereinafter
called the “Company”), and                      (hereinafter called the “Participant”).

W I T N E S S E T H:

WHEREAS, the Committee desires to award to the Participant pursuant to the Company’s 2008
Equity Incentive Plan, as amended (the “Plan”), shares of Common Stock upon such terms and subject
to such forfeiture and other conditions as set forth in this Agreement (the “Restricted Stock”).

NOW, THEREFORE, the parties hereto agree as follows:

1. Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and
this Agreement, the Participant is awarded as Restricted Stock                      shares of Common Stock
for a purchase price of zero ($0.00). The Restricted Stock shall vest and become nonforfeitable,
if at all, in accordance with Section 2 hereof.

2. Vesting.

(a) Subject to the Participant’s continuous employment by the Company and its Affiliates in
the position of                                                              (or in an alternative position
with the Company, as determined by the Chief Executive Officer in his or her sole discretion and
subject to approval by the Compensation Committee (an “Alternative Position”)) and compliance with
the Non-Compete Agreement (as defined below), the Restricted Stock granted to the Participant shall
vest and become nonforfeitable as to the percentage of the Restricted Stock indicated below on the
dates specified below (each a “Restricted Stock Vesting Date”). The unvested shares of Restricted
Stock granted pursuant to this Agreement shall automatically terminate and be forfeited (without
any action by any party hereto) on the sooner of (x) the date on which the Participant’s
employment is terminated and (y) the date on which the Participant ceases to serve in the position
of                                          or in an Alternative Position.

	 	 	 
	 	 	Percentage of Restricted
	Date	 	Stock Becoming Vested
	[                    ]

	 	[                    ] %
	[                    ]

	 	[                    ] %
	 
	[                    ]

	 	[                    ] %

 

 

 

To the extent that the Restricted Stock has not vested and become nonforfeitable prior to the date
that is the five-year anniversary of the Grant Date, the unvested shares of Restricted Stock shall
terminate and be forfeited as of such date, without any further consideration to the Participant.

In the event the above vesting schedule results in the vesting of any fractional share of Common
Stock, such fractional share of Common Stock shall not be deemed vested hereunder but shall vest
and become nonforfeitable when such fractional share of Common Stock aggregates a whole share of
Common Stock.

(b) Notwithstanding the foregoing, if because of the Participant’s death or Disability the
Participant’s employment terminates or the Participant ceases to serve in the position of
                                         or an Alternative Position, then the unvested Restricted Stock, to
the extent not previously forfeited, shall immediately become fully vested.

(c) Notwithstanding any other provision of this Agreement to the contrary, in the event that a
Change in Control shall occur prior to the date that all of the Restricted Stock is vested, then to
the extent not previously forfeited all of the unvested Restricted Stock shall vest effective upon
the Change in Control. In the event that a Change in Control occurs on a date prior to the date
that a Participant is determined to be Disabled for purposes of the Plan and this Agreement, but
the Committee, in its sole determination, expects the Participant to be Disabled at the end of the
9-month period referred to in Section 3 of this Agreement, then all of the unvested Restricted
Stock of such Participant, to the extent not previously forfeited, shall vest upon the date of the
Change in Control.

(d) In the event that any calendar date on which vesting is purportedly scheduled pursuant to
the terms of Section 2 is not a Business Day, the vesting shall automatically be delayed until the
first Business Day following that calendar date. “Business Day” means a date on which commercial
banks in New York, New York are open for general business.

 

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3. Certain Definitions. Capitalized terms not otherwise defined herein shall have
the same meanings as in the Plan. The following term shall have the following meaning:

“Disability” or “Disabled” means, notwithstanding any definition in the Plan,
that, in the determination of the Committee, the Participant is both (i) unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment
that can
be expected to result in death or that can be expected to last for a continuous period of not less
than 12 months and (ii) (x) in case the Participant is eligible for the long term disability
program offered to United States-based employees by the Company or its Affiliates, the Participant
has actually received long term disability benefits for no less than 9 months or (y) in case the
Participant is not eligible for such long term disability program solely by virtue of not having
been based in the United States, the Participant would have been eligible to receive long term
disability benefits for no less than 9 months but for the Participant not being based in the United
States. For purposes of Section 2(b) above, it is understood that the Disability shall be deemed
to be incurred on the last day of the 9-month period contemplated in clause (ii) of the immediately
preceding sentence. In the event the Participant has met the condition set forth in clause (i) of
the first sentence of this definition but does not satisfy the condition set forth in clause (ii)
of this definition solely by reason of the Participant’s death, then the provisions of such clause
(ii) shall be deemed to have been satisfied and for purposes of Section 2(b) above the Disability
shall be deemed to be incurred on the date of such death.

4. Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be
maintained in “book-entry” form, registered in the Participant’s name on the stock transfer books
of the Company, and no actual certificates therefore shall be delivered by the Company. As a
condition to the receipt of the Restricted Stock, the Participant is required to open an account
with the third party administering the Company’s equity awards programs (currently Charles Schwab)
(the “Administrator”), and as and to the extent such Restricted Stock shall vest pursuant to
Section 2, the Company shall cause the shares of vested Restricted Stock (net of any shares
required to be withheld) to be credited to the Participant’s account with the Administrator. The
Participant shall be the record owner of the Restricted Stock until such Restricted Stock is
forfeited pursuant to Section 2 hereof. As record owner, the Participant shall be entitled to all
rights of a holder of the Common Stock, except that (1) any and all shares of Common Stock received
by the Participant with respect to the unvested Restricted Stock as a result of a stock dividend,
stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of
shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to
all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock
giving rise to such additional shares received, and (2) until the Restricted Stock Vesting Date,
the Restricted Stock shall be subject to the limitations on transfer set forth in the Plan and
Section 10 of this Agreement, and the Company may so limit transfers of the Restricted Stock on its
books. The Participant agrees to take such action and execute such instruments which the Company
or the Administrator may deem necessary or advisable to accept, maintain, receive or transfer the
Restricted Stock in accordance with the Plan and this Agreement.

5. No Employment Rights; Termination of Employment. Nothing in this Agreement shall
give the Participant any right to continue in the employment of the Company or any of its
Affiliates or to interfere in any way with the right of the Company or any of its Affiliates to
terminate the employment of the Participant. For purposes of this Agreement, a Participant’s
continued employment shall not be deemed terminated solely by virtue of the Participant’s voluntary
cessation of employment in circumstances that the Committee determines are reasonably likely to
result in a Disability for so long as the Committee determines that the Participant continues to
satisfy the conditions that would ultimately lead to the Committee’s determination that the
Participant has incurred a Disability.

 

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6. Plan Provisions. The provisions of the Plan shall govern, and if or to the extent
that there are inconsistencies between those provisions and the provisions hereof, the provisions
of the Plan shall govern. The Participant acknowledges receipt of a copy of the Plan prior to the
execution of this Agreement.

7. Withholding. In the event that prior to any vesting date the Participant has not
provided the Company with notice (which may be by written notice or by an election made via the
website operated by the Administrator) (the “Payment Notice”) at least five (5) Business Days prior
to that vesting date to the effect that the Participant will provide the Company payment of the
amount, if any, deemed necessary by the Company in its reasonable discretion to enable the Company
and its Affiliates to satisfy the minimum federal, foreign or other tax withholding or similar
obligations of the Company and its Affiliates with respect to the shares of Common Stock vesting on
such vesting date or in the event the Participant provides the Payment Notice but does not deliver
payment of the appropriate amount to the Company, then the Company shall satisfy the minimum
federal, foreign or other tax withholding or similar obligation of the Company and its Affiliates
with respect to such vesting by withholding the number of whole shares of Common Stock (on and
valued as of the vesting date) sufficient to satisfy such minimum withholding and other
obligations.

8. Notices. All notices or other communications to be given or delivered in connection
with this Agreement shall be either in electronic format or in writing and shall be deemed to have
been properly served if delivered electronically, personally, by courier, or by certified or
registered mail, return receipt requested and first class postage prepaid, in the case of notices
to the Company, to the attention of Director of Human Resources, at the Company’s offices at 5
Clock Tower Place, Suite 500, Maynard, MA 01754 and in the case of notices to the Participant, to
the Participant’s last known address (as noted in the Participant’s personnel file) or such other
addresses (including any electronic mail addresses) as the recipient party has specified by prior
written notice to the sending party. All such notices and communications shall be deemed received
upon the actual delivery thereof in accordance with the foregoing.

9. Binding Effect; Headings. This Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and their respective successors and permitted assigns. The
subject headings of Sections are included for the purpose of convenience only and shall not affect
the construction or interpretation of any of the provisions of this Agreement.

10. Non-Assignability, Etc. The Restricted Stock may not be assigned, alienated,
pledged, attached, hypothecated, sold or otherwise transferred or encumbered by the Participant and
any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance of the
Restricted Stock shall be void and unenforceable against the Company.

 

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11. Securities Laws; Insider Trading. The Committee may from time to time impose any
conditions on the Restricted Stock as it deems necessary or advisable to ensure that the Plan, this
Agreement and the issuance and resale or any securities comply with all applicable securities laws,
including without limitation Rule 16b-3 under the Exchange Act and the Securities Act of 1933, as
amended (the “Securities Act”). Such conditions may include, among other things, the requirement
that certificates for shares of Common Stock to be issued to the Participant hereunder contain a
restrictive legend in such form and substance as may be determined by the
Committee. Without limiting the foregoing, it is understood that Affiliates of the Company may
resell Common Stock only pursuant to an effective registration statement under the Securities Act,
pursuant to Rule 144 under the Securities Act, or pursuant to another exemption from registration
under the Securities Act. The Participant understands and agrees that any and all transactions
involving shares of Common Stock or other securities of the Company must comply with applicable
laws, rules, regulations and policies, including but not limited to the Company’s policy regarding
insider trading, which policy, among other things, prohibits transactions involving shares of
Common Stock or other securities of the Company by individuals who have material non-public
information relating to the Company.

12. General. This Agreement shall become valid and binding on the parties, effective
as of the Grant Date, after both of the following have occurred: (a) the Participant has executed
the Agreement and (b) the Participant has executed the Non-Competition, Non-Solicitation,
Confidential Information and Intellectual Property Assignment Agreement in the form attached hereto
as Exhibit A (the “Non-Compete Agreement”). If both (a) and (b) are not satisfied within ninety
(90) days of the Grant Date, the Restricted Stock granted pursuant to this Agreement shall be
forfeited. This Agreement shall be governed by and construed in accordance with the laws of the
State of New York (other than the conflict of laws provisions thereof). This Agreement constitutes
the entire agreement between the parties with respect to the subject matter hereof and controls and
supersedes any prior understandings, agreements or representations by or between the parties,
written or oral with respect to its subject matter, including but not limited to the provisions of
any and all employment agreements and offer letters (such as terms providing for acceleration or
other enhancement to restricted stock or other equity interests in the event of the occurrence of
specified events), except and only to the extent of any rights of the Company or its Affiliates
relating to Section 280G of the Internal Revenue Code of 1986, as amended, and may not be modified
except by written instrument executed by the parties. The Participant has not relied on any
representation not set forth in this Agreement.

13. Amendment or Modification; Waiver. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms or covenants hereof may be waived, only by
a written instrument executed on behalf of the Company (as authorized by the Committee) and the
Participant; provided that the Agreement may be unilaterally amended by the Company without
Participant consent to conform the Agreement to any changes required by the Administrator or as a
result of the change of Administrator.

 

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	MONSTER WORLDWIDE, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	[                    ] 	 
	 	 	Title:  	[                    ] 	 
	 
	 	 	 
	 

	EXECUTIVE:	 
	 
	 	 	 
	 
	 	 	 
	 

	 	 
		 	[                    ]
	 

 

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EXHIBIT A

Non-Competition, Non-Solicitation, Confidential Information and Intellectual Property Assignment
Agreement

 

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