Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT OF EMPLOYMENT AGREEMENT 

THIS SECOND AMENDMENT OF EMPLOYMENT AGREEMENT (this “Second Amendment”) is made and entered into as of October 25, 2017
(the “Second Amendment Effective Date”) by and between PRGX Global, Inc., a Georgia corporation (the “Company”), and Ronald E. Stewart (the “Executive”). 

W I T N E S S E T H: 

WHEREAS, the Company and the Executive previously entered into that certain Employment Agreement, dated as of December 13, 2013
(the “Employment Agreement”), as amended by that certain Amendment of Employment Agreement, dated as of April 27, 2016 (the “First Amendment” and together with the Employment Agreement, the “Amended Employment
Agreement”), to set forth the terms and conditions of the Executive’s employment as the Company’s Chief Executive Officer and President; and 

WHEREAS, the Company and the Executive now desire to further amend the Amended Employment Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth and intending to be
legally bound, the Company and the Executive agree as follows: 
 1. Section 2 of the Amended Employment Agreement is hereby amended by
deleting it in its entirety and inserted the following in lieu thereof: 
 “Term. This Agreement is effective as of the
Effective Date, and will continue through December 31, 2021 (the “Term”), unless terminated earlier as hereinafter provided.” 

2. Section 3(a) of the Amended Employment Agreement is hereby amended by deleting the first sentence therein and inserting the following in
lieu thereof, and by changing the reference to “2015” in the third sentence to “2019”: 
 “Beginning as of the
Second Amendment Effective Date, the Company shall pay the Executive an annual base salary of $550,000.” 
 3. Section 3(b) of the
Amended Employment Agreement is hereby amended by deleting the fourth sentence therein and inserting the following in lieu thereof: 

“In connection with such annual incentive bonus plan, subject to the corresponding performance levels being achieved,
beginning with calendar year 2017, the Executive shall be eligible for an annual target bonus equal to one hundred percent (100%) of the Executive’s annual base salary and an annual maximum bonus of not less than two hundred percent (200%) of
the Executive’s annual base salary.” 

  
 1 

 4. Section 3(c)(iii) of the Amended Employment Agreement is hereby amended by (i) changing
the reference to “2014” in the first sentence to “2019” and (ii) deleting the last sentence of such section and inserting the following in lieu thereof: 

“Except as specifically set forth above, however, nothing herein shall require the Company to make any equity grants or other awards to
the Executive in any specific year, and the Executive acknowledges and agrees that the grant of the 2017 Stock Options (as defined below) is in lieu of any equity awards to be granted to Executive in calendar year 2018.” 

5. Section 3(c) of the Amended Employment Agreement is hereby further amended by adding the following new clause (v) to the end thereof:

 “(v)    The Company shall grant to the Executive, as of the Second Amendment Effective Date,
stock options to acquire 500,000 shares of the common stock, no par value per share, of the Company (the “2017 Stock Options”), at an exercise price equal to the closing price, as of the date of grant, of the underlying shares of common
stock, pursuant to a form of Stock Option Agreement under the 2017 Equity Incentive Compensation Plan that is approved by the Compensation Committee of the Company and reflects the terms of the 2017 Stock Options stated herein. The 2017 Stock
Options will have a term of five years and vest as to one-third of the 2017 Stock Options (rounded down to the nearest whole share) on each of December 31, 2019 and December 31, 2020, and as to the
remaining 2017 Stock Options on December 31, 2021, subject to the Executive’s continued employment through such dates and the acceleration provisions in this Agreement.” 

6. Section 8(b) of the Amended Employment Agreement is hereby amended by adding the following new clause (ix) to the end thereof: 

“(ix) vesting of a prorated number of the Executive’s outstanding unvested options, restricted stock and other
equity-based awards (other than the “Cash-Settled SARs,” as defined in the First Amendment) that would have vested based solely on the continued employment of the Executive through the first applicable vesting date immediately following
the date of Executive’s termination of employment for each type of award (e.g., options, restricted stock, etc.) equal to the number of such awards that would vest as of such next vesting date multiplied by a fraction, the numerator of which is
the number of monthly anniversaries that have occurred, as measured from the immediately preceding vesting date of such awards (or, if none, since the date of grant of such awards), to the date of termination of the Executive’s employment, and
the denominator of which is the number of monthly anniversary dates between such immediately preceding vesting date (or, if none, such date of grant) and the first vesting date immediately following the date of termination of the Executive’s
employment. Additionally, all of the Executive’s outstanding stock options shall remain outstanding until the earlier of (i) one year after the date of termination of the Executive’s employment or (ii) the original expiration
date of the options (disregarding any earlier expiration date provided for in any other agreement, including without limitation any related grant agreement, based solely on the termination of the Executive’s employment).” 

  
 2 

 7. Section 8(d) of the Amended Employment Agreement is hereby amended by adding the following new
clause (vi) to the end thereof: 
 “(vi) vesting of a prorated number of the Executive’s outstanding unvested
options, restricted stock and other equity-based awards (other than the Cash-Settled SARs) that would have vested based solely on the continued employment of the Executive through the first applicable vesting date immediately following the date of
Executive’s termination of employment for each type of award (e.g., options, restricted stock, etc.) equal to the number of such awards that would vest as of such next vesting date multiplied by a fraction, the numerator of which is the number
of monthly anniversaries that have occurred, as measured from the immediately preceding vesting date of such awards (or, if none, since the date of grant of such awards), to the date of termination of the Executive’s employment, and the
denominator of which is the number of monthly anniversary dates between such immediately preceding vesting date (or, if none, such date of grant) and the first vesting date immediately following the date of termination of the Executive’s
employment. Additionally, all of the Executive’s outstanding stock options shall remain outstanding until the earlier of (i) one year after the date of termination of the Executive’s employment or (ii) the original expiration
date of the options (disregarding any earlier expiration date provided for in any other agreement, including without limitation any related grant agreement, based solely on the termination of the Executive’s employment).” 

8. Section 8(f) of the Amended Employment Agreement is hereby amended by deleting the second sentence thereof and adding the following as the
new second sentence thereof: 
 “If the Executive’s employment terminates upon expiration of the Term in accordance
with Section 7(e) hereof, all of the Executive’s outstanding stock options shall remain outstanding until the earlier of (i) one year after the date of termination of the Executive’s employment or (ii) the original
expiration date of the stock options (disregarding any earlier expiration date provided for in any agreement, including without limitation any related grant agreement, based solely on the termination of the Executive’s employment).” 

9. Section 8(g) of the Amended Employment Agreement is hereby amended by deleting the reference in the first sentence to Section 8(b)(i),
(ii), (iii), (v), (vi), (vii) and (viii) therein and inserting the following in lieu thereof: 
 “8(b)(i), (ii),
(iii), (v), (vi), (vii), (viii) and (ix)” 
 10. Exhibit A, Restricted Territory, of the Amended Employment Agreement is hereby amended
by deleting it in its entirety and inserting the attached Exhibit A, Restricted Territory, in lieu thereof. 
 11. Except as otherwise set
forth herein, the Amended Employment Agreement shall continue in accordance with its terms as in effect prior to this Second Amendment. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the Second
Amendment Effective Date set forth above. 
  

			
	PRGX GLOBAL, INC.
		
	By:	 	 /s/ Victor A. Allums

	Its:	 	Senior Vice President and General Counsel
	
	 EXECUTIVE

	
	 /s/ Ronald E. Stewart

	 Ronald E. Stewart

  
 4 

 EXHIBIT A 

RESTRICTED TERRITORY 

“Restricted Territory” refers to all of the geographic areas described in I. and II. below, collectively. 

I.      All of the following Metropolitan Statistical Areas in the U.S., collectively: 

Akron, OH 
 Atlanta-Sandy
Springs-Roswell, GA 
 Austin-Round Rock, TX 

Boise City, ID 

Bridgeport-Stamford-Norwalk, CT 

Charlotte-Concord-Gastonia, NC-SC 

Chicago-Naperville-Elgin, IL-IN-WI 

Cincinnati, OH-KY-IN 

Dallas-Fort Worth-Arlington, TX 

Danville, IL 

Fayetteville-Springdale-Rogers, AR-MO 

Grand Rapids-Wyoming, MI 

Harrisburg-Carlisle, PA 

Hartford-West Hartford-East Hartford, CT 

Houston-The Woodlands-Sugar Land, TX 

Indianapolis-Carmel-Anderson, IN 

Jacksonville, FL 
 Kansas City, MO-KS 
 Killeen-Temple, TX 

Miami-Fort Lauderdale-West Palm Beach, FL 

Minneapolis-St. Paul-Bloomington, MN-WI 

Nashville-Davidson-Murfreesboro-Franklin, TN 

New York-Newark-Jersey City, NY-NJ-PA 

Phoenix-Mesa-Scottsdale, AZ 
 Riverside-San Bernardino-Ontario, CA 
 San Francisco-Oakland-Hayward, CA 

San Jose-Sunnyvale-Santa Clara, CA 

Seattle-Tacoma-Bellevue, WA 
 St.
Louis, MO-IL 
 York-Hanover, PA 

II.    All of the area within the city limits of the following cities and within 25 kilometers of the city limits of the following cities,
collectively: 
 Bangkok, Thailand 

Boulogne-Billancourt, France 

Brampton, Ontario, Canada 

  
 5 

 Brno, Czech Republic 

Cheshunt, United Kingdom 
 Croix, Nord-Pas-de-Calais, France 

Hampshire, United Kingdom 
 Hemel
Hempstead, United Kingdom 
 Laval, Quebec, Canada 

Letchworth Garden City, United Kingdom 

Levallois-Perret, France 
 London,
United Kingdom 
 Luton, United Kingdom 

Manchester, United Kingdom 

Hawthorn East, Victoria, Australia 

Mexico City, Mexico 
 Milton
Keynes, United Kingdom 
 Mississauga, Ontario, Canada 

Montreal, Quebec, Canada 
 Perth,
Western Australia, Australia 
 Pune, India 

Pymble, New South Wales, Australia 

Rungis, France 
 Sao Paulo, Brazil

 Saskatoon, Saskatchewan, Canada 

Stellarton, Nova Scotia, Canada 

Surrey, United Kingdom 
 Sydney,
New South Wales, Australia 
 Toronto, Ontario, Canada 

Worksop, United Kingdom 

  
 6EX-10.2

 Exhibit 10.2 

 

			
	Your Name:	 	Ronald E. Stewart
	Total No. of Shares Covered by the Option:	 	500,000

 PRGX NON-QUALIFIED
STOCK OPTION AGREEMENT 
 PRGX GLOBAL, INC. (“PRGX”) is pleased to grant to the person signing below (“you” or
“Participant”) the Non-Qualified Stock Option described below under the PRGX 2017 Equity Incentive Compensation Plan (the “Plan”). For tax law purposes, this Option shall be treated as a Non-Qualified Stock Option. This Option is not intended to be and shall not be treated as an Incentive Stock Option for tax law purposes. 
  

			
	Grant Date:	  	    October 25, 2017
	Exercise Price per Share:	  	    $7.35
	Option Expiration Date:	  	    October 24, 2022
	Number of Shares of Common Stock:	  	    500,000 (the “Shares”)

 Vesting Schedule: Subject to the Plan and this Agreement, this Option may be exercised in whole or in part in
accordance with the following schedule, provided you remain continuously employed with PRGX from the Grant Date until such time(s): 
  

			
	 On and after
	    	 Cumulative Number of Shares

Purchasable Upon Exercise of Option

	 December 31, 2019
	    	 1/3 of the Shares (rounded down to the nearest whole share)

		
	 December 31, 2020
	    	 2/3 of the Shares (rounded down to the nearest whole share)

		
	 December 31, 2021
	    	 100% of the Shares

 The Additional Terms and Conditions and the Plan described below are incorporated in this Agreement by reference and
contain important information about your Option. Copies of all of the documents referenced below are being provided to you in connection with this Agreement. Please review them carefully and contact PRGX Human Resources if you have any questions.

 Additional Terms and Conditions describes how to exercise your Option, what happens if you cease to remain employed with PRGX before you
exercise your Option, and where to send notices; 
 The Plan contains the detailed terms that govern your Option. If anything in this Agreement or
the other referenced documents is inconsistent with the Plan, the terms of the Plan, as amended from time to time, will control. All terms used herein that are not defined herein but that are defined in the Plan have the same meaning given them in
the Plan; 
 Plan Prospectus; and 2016 Annual Report on Form 10-K of PRGX for the Year Ended
December 31, 2016. 
 Please sign in the space provided below to show that you accept the Option on these terms, keep a copy of this Agreement
for your records, and return both originals to PRGX Human Resources. 
  

							
	Participant:	 		  	PRGX GLOBAL, INC.
				
	 /s/ Ronald E. Stewart
	 		  	By:	  	 /s/ Victor A. Allums

	Ronald E. Stewart	 		  	Name:	  	Victor A. Allums
	5360 Long Island Drive	 		  	Its:	  	Senior Vice President & General Counsel
	Atlanta, Georgia 30327	 		  		  	

 ADDITIONAL TERMS AND CONDITIONS OF YOUR OPTION 

HOW TO EXERCISE YOUR OPTION. 
  

	•	 	This Option must be exercised for whole shares only and in increments of at least 100 shares per exercise or, if less, all of the remaining shares to which the Option is subject. 

 

	•	 	The Plan is administered on behalf of the Committee by the Plan administrator. The Plan administrator is responsible for assisting you in the exercise of your Option and maintaining the records of the Plan. If you have
questions about your Option, how you go about exercising the vested portion of your Option or how the Plan works, please contact the Plan administrator at Plan.Administrator@prgx.com or (770) 779-3309.

  

	•	 	The exercise date of your Option is the date of delivery to the Plan administrator of your notice of exercise. The notice must be accompanied by payment of the Option price and any applicable tax withholding in full.
You may pay the Option price and any applicable tax withholding (i) in cash, (ii) by certified or bank cashier’s check, or (iii) by such other medium of payment as the Plan administrator in his sole discretion may permit. You
will need to contact the Plan administrator before you exercise your Option to determine the amount of any required tax withholding. 

  

	•	 	Except as provided herein and in the Plan, this Option is non-transferable. This Option may be transferred by will or the laws of descent and distribution and, notwithstanding the
foregoing, during the Participant’s lifetime may be transferred by the Participant to any of the Participant’s Permitted Transferees (as such term is defined in the Plan). Any such transfer will be permitted only if (i) the
Participant does not receive any consideration for the transfer and (ii) the Plan administrator expressly approves the transfer. Any transferee to whom this Option is transferred shall be bound by the same terms and conditions, including with
respect to vesting, that govern the Option in the hands of the Participant; provided, however, that the transferee may not transfer this Option except by will or the laws of descent and distribution. No right or interest of the Participant or any
transferee in this Option shall be subject to any lien, obligation or liability of the Participant or any transferee. 

 EFFECT OF
TERMINATION OF EMPLOYMENT. If, prior to December 31, 2021 and a Change in Control, your employment with PRGX is terminated by PRGX without Cause, you terminate your employment for Good Reason, or your employment is terminated by reason
of your death or Incapacity, a Pro Rata Portion of the Option shall vest and become exercisable as of the termination of your employment with PRGX for any such reason. Any portion of the Option that has not vested previously and does not vest and
become exercisable under such circumstances will be forfeited at that time. 
 If your employment with PRGX is terminated prior to December 31, 2021
and a Change in Control, other than by PRGX without Cause, by you for Good Reason, or by reason of your death or Incapacity, the unvested portion of the Option will be forfeited immediately upon the termination of your employment. 

For purposes of this Agreement, (i) “Cause” shall have the same definition as in the Employment Agreement dated December 13, 2013, between you
and the Company, as amended by that certain Amendment of Employment Agreement dated April 27, 2016 and that certain Second Amendment of Employment Agreement dated October 25, 2017 (the “Employment Agreement”); (ii) “Good
Reason” shall have the same definition as in your Employment Agreement; (iii) “Incapacity” shall have the same definition as in your Employment Agreement; and (iv) “Pro Rata Portion” means the portion of the Option that
would have vested based on your continued employment through the vesting date immediately following the date of termination of your employment equal to the number of Shares with respect to which the Option would vest as of such next vesting date
multiplied by a fraction, the numerator of which is the number of monthly anniversaries that have occurred, as measured from the immediately preceding vesting date of the Option (or, if none, since the date of grant of the Option), to the date of
termination of your employment, and the denominator of which is the number of monthly anniversary dates between such immediately preceding vesting date (or, if none, such date of grant) and the first vesting date immediately following the date of
termination of your employment. 
 For purposes of this Agreement, employment with any Affiliate of PRGX will be considered employment with PRGX. 

  
 2 

 CHANGE IN CONTROL. Upon the occurrence of a Change in Control prior to December 31, 2021, the
Option shall become vested and exercisable as of the Change in Control, provided you have remained in continuous employment with PRGX from the Grant Date until the time of the Change in Control. Accordingly, termination of your employment after the
Change in Control for any reason other than by PRGX for Cause will not result in forfeiture of your Option. 
 NOTICES. All notices pursuant
to this Agreement will be in writing and either (i) delivered by hand, (ii) mailed by United States certified mail, return receipt requested, postage prepaid, or (iii) sent by an internationally recognized courier which maintains
evidence of delivery and receipt. All notices or other communications will be directed to the following addresses (or to such other addresses as either of us may designate by notice to the other): 

 

			
	 To PRGX:
	    	 PRGX Global, Inc.

		    	 600 Galleria Parkway, Suite 100

		    	 Atlanta, GA 30339-8426

		    	 Attention: Senior Vice President & General Counsel

		
	To you:	    	The address set forth on page 1

 MISCELLANEOUS. The Participant has received a copy of the Plan, has read and understands the terms of the Plan
and this Agreement, and agrees to be bound by their terms and conditions. Failure by you or PRGX at any time or times to require performance by the other of any provisions in this Agreement will not affect the right to enforce those provisions. Any
waiver by you or PRGX of any condition or the breach of any term or provision in this Agreement, whether by conduct or otherwise, in any one or more instances, shall apply only to that instance and will not be deemed to waive conditions or breaches
in the future. If any court of competent jurisdiction holds that any term or provision of this Agreement is invalid or unenforceable, the remaining terms and provisions will continue in full force and effect, and this Agreement shall be deemed to be
amended automatically to exclude the offending provision. This Agreement may be executed in multiple copies and each executed copy shall be an original of this Agreement. This Agreement shall be subject to and governed by the laws of the State of
Georgia. No change or modification of this Agreement shall be valid unless it is in writing and signed by the party against which enforcement is sought. This Agreement shall be binding upon, and inure to the benefit of, the permitted successors,
assigns, heirs, executors and legal representatives of the parties hereto. The headings of each Section of this Agreement are for convenience only. This Agreement contains the entire agreement of the parties hereto and no representation, inducement,
promise, or agreement or otherwise between the parties not embodied herein shall be of any force or effect, and no party will be liable or bound in any manner for any warranty, representation, or covenant except as specifically set forth herein.

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]