Document:

AMENDED

VR HOLDINGS, INC.

STOCK PURCHASE WARRANT

Expiring August 30, 2017

 

 

	8,000,000 Shares	 	Chester, Maryland

THIS IS TO CERTIFY
that, for value received, NORMAN T. REYNOLDS (the “Holder”) is entitled at any time from the date hereof, but prior
to 5:00 p.m., Chester, Maryland time on August 30, 2017, subject to and upon the terms and conditions contained herein, to purchase
up to 8,000,000 fully paid and non-assessable shares of the common stock, par value $0.000001 per share (the “Common Stock”)
of VR HOLDINGS, INC., a Delaware corporation (the “Company”) at a purchase price of $0.10 per share (the “Exercise
Price”) of the Common Stock, after taking into account the restricted nature of the shares of the Common Stock as described
below (such number of the shares of the Common Stock and the purchase price being subject to adjustment as provided herein). This
Warrant shall be void and of no effect and all rights hereunder shall cease at 5:00 p.m., Chester, Maryland time on August 30,
2017, except to the extent theretofore exercised; provided that in the case of the earlier dissolution of the Company, this Warrant
shall become void on the date fixed for such dissolution. This Warrant amends that certain Stock Purchase Warrant dated August
8, 2012, issued by the Company in favor of the Holder. This amendment to the Warrant increases the right of the Holder to purchase
8,000,000 shares of the Common Stock from 7,000,000 shares of the Common Stock. The expiration date of August 30, 2017, of this
Warrant remains unchanged.

1.                  
Covenants of the Company. The Company covenants that, while this Warrant is exercisable (a) it will reserve from
its authorized and unissued shares of the Common Stock a sufficient number of shares of the Common Stock to provide for the delivery
of the shares of the Common Stock pursuant to the exercise of this Warrant, and (b) that all shares of the Common Stock which may
be issued upon the exercise of this Warrant will be fully paid and non-assessable.

2.                  
Protection Against Dilution, Etc. In any of the following events,
occurring after the date of the issuance of this Warrant, appropriate adjustment shall be made in the number of shares of the Common
Stock to be deliverable upon the exercise of this Warrant and the purchase price per share of the Common Stock to be paid, so as
to maintain the proportionate interest of the Holder as of the date hereof (a) recapitalization of the Company through a split-up
or reverse split of the outstanding shares of the Common Stock into a greater or lesser number, as the case may be, or (b) declaration
of a dividend on the shares of the Common Stock, payable in shares of the Common Stock or other securities of the Company convertible
into shares of the Common Stock, or (c) any of the events described in Paragraph 4 hereof.

3.                  
Merger, Etc. In case the Company, or any successor, shall be consolidated
or merged with another company, or substantially all of its assets shall be sold to another company in exchange for stock, cash
or other property with the view to distributing such stock, cash or other property to its stockholders, each of the shares of the
Common Stock purchasable by this Warrant shall be replaced for the purposes hereof by the securities of the Company or cash or
property issuable or distributable in respect of one share of the Common Stock of the Company, or its successors, upon such consolidation,
merger, or sale, and adequate provision to that effect shall be made at the time thereof. Provided, however, notwithstanding anything
herein contained to the contrary, in the event that the terms of any such consolidation, merger or sale call for the distribution
of any cash or property to the stockholders of the Company, no such cash or property shall be distributable to the Holder in connection
with any unexercised portion of this Warrant, unless the Holder shall have exercised this Warrant pursuant to the terms of Paragraph
6 hereof and all other terms of this Warrant.

4.                  
Notice of Certain Events. Upon the happening of any event requiring an adjustment of the Warrant purchase price hereunder,
the Company shall forthwith give written notice thereof to the Holder stating the adjusted Warrant purchase price and the adjusted
number of shares of the Common Stock purchasable upon the exercise hereof resulting from such event and setting forth in reasonable
detail the method of calculation and the facts upon which such calculation is based. The Board of Directors of the Company shall
determine the computation made hereunder. In the case of (a) any consolidation, merger, or sale affecting the Company and

    	 

    	 

    

calling for the payment of cash or the
delivery of property to stockholders of the Company, or (b) any voluntary or involuntary dissolution, liquidation, or winding up
of the Company shall at any time be proposed, the Company shall give at least 20 days’ prior written notice thereof to the
Holder stating the date on which such event is to take place and the date (which shall be at least 20 days after the giving of
such notice) as of which the holders of record of shares of the Common Stock shall be entitled to participate in any such event.
If the Holder does not elect to exercise any part of this Warrant as a result of any such notice, the Holder shall have no right
with respect to any portion of this Warrant which shall remain unexercised to participate in (x) any such cash or other property
resulting from any such consolidation, merger or sale, or (y) any voluntary or involuntary dissolution, liquidation, or winding
up of the Company.

5.                  
Stockholders’ Rights. Until the valid exercise of this Warrant, the Holder shall not be entitled to any rights
of a stockholder with respect to the shares of the Common Stock covered by this Warrant; but immediately upon the exercise of this
Warrant and upon payment as provided herein, the Holder shall be deemed a record holder of the shares of the Common Stock.

6.                  
Manner of Exercise. In order to exercise this Warrant, the Holder shall surrender this Warrant, duly endorsed or
assigned to the Company or, in blank, at the office of the Company, accompanied by (a) written Form of Election to Purchase attached
hereto (the “Exercise Notice”) that the Holder elects to exercise this Warrant or, if less than the entire amount thereof
is to be exercised, the portion thereof to be exercised, and (b) payment of the purchase price of the shares of the Common Stock
to be purchased on such exercise, in cash or by cashier’s or certified check.

This Warrant shall
be deemed to have been exercised immediately prior to the close of business on the day of surrender of this Warrant for exercise
in accordance with the foregoing provisions, and at such time the person or persons entitled to receive the shares of the Common
Stock issuable upon exercise shall be treated for all purposes as the record holder or holders of the shares of the Common Stock
at such time. As promptly as practicable on or after the exercise date, but in no event later than three business days, the Company
shall issue and shall deliver to the Holder a certificate or certificates for the number of full shares of the Common Stock issuable
upon exercise.

In case this Warrant
is exercised in part only, upon such exercise the Company shall execute and deliver to the Holder thereof, at the expense of the
Company, a new Warrant to purchase, in the aggregate, in the number of shares of the Common Stock covered by the unexercised portion
of this Warrant.

7.                  
Cashless Exercise. Notwithstanding anything contained herein to the contrary, the Holder may, in its sole discretion,
exercise this Warrant in whole or in part and, in lieu of making the cash payment otherwise contemplated to be made to the Company
upon such exercise in payment of the Exercise Price, elect instead to receive upon such exercise the “Net Number” of
the shares of the Common Stock determined according to the following formula (a “Cashless Exercise”):

Net Number = (A x B)
- (A x C)

B

For purposes of
the foregoing formula:

A = The total number
of the shares of the Common Stock with respect to which this Warrant is then being exercised.

B = The average
of the closing sale price of the shares of the Common Stock (as reported by Bloomberg) on the five trading days immediately preceding
the date of the Exercise Notice.

C = The Exercise
Price then in effect for the applicable shares of the Common Stock at the time of such exercise.

8.                  
Limitation on Exercise. The Holder (including any successor, transferee or assignee) shall not have the right to
convert any portion of this Warrant to the extent that after giving effect to such exercise, the Holder

    	 

    	 

    

(together with the Holder’s affiliates)
would beneficially own in excess of 4.99% (the “Maximum Percentage”) of the number of shares of the Common Stock of
the Company outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the number of
shares of the Common Stock beneficially owned by the Holder and its affiliates shall include the number of shares of the Common
Stock issuable upon conversion of this Warrant with respect to which the determination of such sentence is being made, but shall
exclude the number of shares of the Common Stock which would be issuable upon (i) exercise of the remaining, non-exercised portion
of this Warrant beneficially owned by the Holder or any of its affiliates and (ii) exercise of the unexercised or non-converted
portion of any other securities of the Company (including, without limitation, any other notes or warrants) subject to a limitation
on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its affiliates.
Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended. For purposes of this paragraph, in determining the number
of outstanding shares of the Common Stock, the Holder may rely on the number of outstanding shares of the Common Stock as reflected
in (x) the Company’s most recent Form 10-K, Form 10-Q or Form 8-K, as the case may be, (y) a more recent public announcement
by the Company, or (z) any other notice by the Company or the Transfer Agent setting forth the number of shares of the Common Stock
outstanding. For any reason at any time, during regular business hours of the Company and upon the written request of the Holder,
the Company shall within two business days confirm in writing to the Holder the number of shares of the Common Stock then outstanding.
In any case, the number of outstanding shares of the Common Stock shall be determined after giving effect to the conversion or
exercise of securities of the Company, including this Warrant, by the Holder or its affiliates since the date as of which such
number of outstanding shares of the Common Stock was reported. By written notice to the Company, the Holder may increase or decrease
the Maximum Percentage to any other percentage specified in such notice; provided that (A) any such increase will not be effective
until the 61st day after such notice is delivered to the Company, (B) any such increase or decrease will apply only to the Holder
and not to any other holder of warrants, and (C) and in no case shall the Holder or its Affiliates acquire in excess of 9.999%
of the outstanding shares of the Common Stock or the voting power of the Company.

9.                  
Representations and Covenants of the Holder. The Holder represents and covenants that this Warrant has not been registered
under the Securities Act of 1933, as amended (the “Securities Act”), or any other applicable securities law. This Warrant
has been purchased for investment only and not with a view to distribution or resale, and may not be sold, pledged, hypothecated
or otherwise transferred unless this Warrant or the shares of the Common Stock represented hereby are registered under the Securities
Act, and any other applicable securities law, or the Company has received an opinion of counsel satisfactory to it that registration
is not required. A legend in substantially the following form will be placed on any certificates or other documents evidencing
the shares of the Common Stock to be issued upon any exercise of this Warrant:

THE SECURITIES REPRESENTED BY THIS
INSTRUMENT OR DOCUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR THE SECURITIES LAW OF ANY STATE. WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE
TRANSFERRED EXCEPT UPON DELIVERY TO THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED
FOR SUCH TRANSFER OR THE SUBMISSION TO THE COMPANY OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO THE COMPANY TO THE EFFECT THAT
ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, THE SECURITIES LAW OF ANY STATE, OR ANY
RULE OR REGULATION PROMULGATED THEREUNDER.

Further, stop transfer
instructions to the transfer agent of the shares of the Common Stock have been or will be placed with respect to the shares of
the Common Stock so as to restrict the resale, pledge, hypothecation or other transfer thereof, subject to the further items hereof,
including the provisions of the legend set forth in this paragraph.

10.               
Fractional Warrants. Upon the exercise of this Warrant, no fractions of shares of the Common Stock shall be issued;
but fractional Warrants shall be delivered, entitling the Holder, upon surrender with other fractional Warrants aggregating one
or more full shares of the Common Stock, to purchase such full shares of the Common Stock.

    	 

    	 

    

11.               
 Registration Obligation. The Company has not agreed to file and the Company does not anticipate the filing of a
registration statement under the Securities Act to allow a public resale of this Warrant or the resale of any shares of the Common
Stock issued upon the exercise of this Warrant.

12.               
Loss, Theft, Destruction of Warrant. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction,
or mutilation of this Warrant and, in the case of any such loss, theft, or destruction, upon receipt of indemnity reasonably satisfactory
to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, the Company will make
and deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor.

13.               
Arbitration. Any controversy or claim arising out of or relating to this Warrant, or the breach, termination, or
validity thereof, shall be settled by final and binding arbitration in accordance with the Commercial Arbitration Rules of the
American Arbitration Association (“AAA Rules”) in effect as of the effective date of this Warrant. The American Arbitration
Association shall be responsible for (a) appointing a sole arbitrator, and (b) administering the case in accordance with the AAA
Rules. The situs of the arbitration shall be Houston, Texas. Upon the application of either party to this Warrant, and whether
or not an arbitration proceeding has yet been initiated, all courts having jurisdiction hereby are authorized to (x) issue and
enforce in any lawful manner, such temporary restraining orders, preliminary injunctions and other interim measures of relief as
may be necessary to prevent harm to a party’s interest or as otherwise may be appropriate pending the conclusion of arbitration
proceedings pursuant to this Warrant, and (y) enter and enforce in any lawful manner such judgments for permanent equitable relief
as may be necessary to prevent harm to a party’s interest or as otherwise may be appropriate following the issuance of arbitral
awards pursuant to this Warrant. Any order or judgment rendered by the arbitrator may be entered and enforced by any court having
competent jurisdiction.

14.               
Benefit. All the terms and provisions of this Warrant shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto, and their respective successors and permitted assigns.

15.               
Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been given
(a) on the date they are delivered if delivered in person; (b) on the date initially received if delivered by facsimile transmission
or email followed by registered or certified mail confirmation; (c) on the date delivered by an overnight courier service; or (d)
on the third business day after it is mailed by registered or certified mail, return receipt requested with postage and other fees
prepaid, if to the Company addressed to Mr. John E. Baker at 1615 Chester Road, Chester, Maryland 21619, telephone (443) 519-0129,
and email John.Baker@inwaretechnologies.com; and if to the Holder addressed to Norman T. Reynolds, Esq. at P.O. Box 131326, Houston,
Texas 77219, telecopy (713) 456-2509, and email nreynolds@ntrlawfirm.com. Any party hereto may change its address upon 10 days’
written notice to any other party hereto.

16.               
Construction. Words of any gender used in this Warrant shall be held and construed to include any other gender, and
words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. In addition,
the pronouns used in this Warrant shall be understood and construed to apply whether the party referred to is an individual, partnership,
joint venture, corporation or an individual or individuals doing business under a firm or trade name, and the masculine, feminine
and neuter pronouns shall each include the other and may be used interchangeably with the same meaning.

17.               
Headings. The headings used in this Warrant are for convenience and reference only and in no way define, limit, simplify
or describe the scope or intent of this Warrant, and in no way effect or constitute a part of this Warrant.

18.               
Invalidity. In the event any one or more of the provisions contained in this Warrant shall, for any reason, be held
to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect the other
provisions of this Warrant.

19.               
Law Governing. This Warrant shall be construed and governed by the laws of the State of Delaware, and all obligations
hereunder shall be deemed performable in Harris County, Texas.

    	 

    	 

    

IN WITNESS WHEREOF,
this Warrant has been issued on August 13, 2013.

VR HOLDINGS, INC.

By

John E. Baker, Chairman

 

 

    	 

    	 

    

FORM OF ELECTION TO PURCHASE

(To be executed by the Holder
to exercise the right to purchase shares of the Common Stock under the foregoing Warrant)

To: VR HOLDINGS, INC.

In accordance
with the Warrant enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to purchase ______________
shares of the Common Stock (the “Common Stock”), $0.000001 par value, of VR Holdings, Inc. and encloses one Warrant
and $0.10 for each share of the Common Stock being purchased or an aggregate of $________________ as a credit on amounts owed by
the Company to the undersigned, or in cash or certified or official bank check or checks, which sum represents the aggregate exercise
price together with any applicable taxes payable by the undersigned pursuant to the Warrant. Provided, however, in lieu of making
the cash payment otherwise contemplated in payment of the Exercise Price, the undersigned hereby elects to receive upon such exercise
the “Net Number” of the shares of the Common Stock pursuant to the Cashless Exercise provisions of the Warrant.

The undersigned requests
that certificates for the shares of the Common Stock issuable upon this exercise be issued in the name of:

 

 

 

 

 

 

(Please print name and address)

 

(Please insert Social Security or Tax
Identification Number)

If the number of shares
of the Common Stock issuable upon this exercise shall not be all of the shares of the Common Stock which the undersigned is entitled
to purchase in accordance with the enclosed Warrant, the undersigned requests that a new Warrant evidencing the right to purchase
the shares of the Common Stock not issuable pursuant to the exercise evidenced hereby be issued in the name of and delivered to:

 

 

 

 

 

 

(Please print name and address)

 

Dated Name of Holder:

 

(Print) 

 

(By) 

 

 

(Name) 

 

(Title) 

 

Signature must conform in all respects
to name of the Holder as specified on the face of the Warrant.exhibit10_1.htm

 

Exhibit 10.1

ManpowerGroup Inc.

100 Manpower Place

Milwaukee, Wisconsin 53212

August 1, 2013

 

Mr. Darryl Green

President

ManpowerGroup Inc.

100 Manpower Place

Milwaukee, WI  53212

Dear Darryl:

ManpowerGroup Inc. (the “Corporation”) desires to retain experienced, well-qualified executives, like you, to assure the continued growth and success of the Corporation and its direct and indirect subsidiaries (collectively, the “Consolidated ManpowerGroup”).  Accordingly, as an inducement for you to continue your employment in order to assure the continued availability of your services to the Consolidated ManpowerGroup, we have agreed as follows:

	
1.  

	
Definitions.  For purposes of this letter:

	
(a)  

	
Benefit Plans.  “Benefit Plans” means all benefits of employment generally made available to executives of the Corporation from time to time.

	
(b)  

	
Cause.  Termination by the Consolidated ManpowerGroup of your employment with the Consolidated ManpowerGroup for “Cause” will mean termination upon (i) your repeated failure to perform your duties with the Consolidated ManpowerGroup in a competent, diligent and satisfactory manner as determined by the Corporation’s Chief Executive Officer in his reasonable judgment, (ii) failure or refusal to follow the reasonable instructions or direction of the Corporation’s Chief Executive Officer, which failure or refusal remains uncured, if subject to cure, to the reasonable satisfaction of the Corporation’s Chief Executive Officer for five (5) business days after receiving notice thereof from the Corporation’s Chief Executive Officer, or repeated failure or refusal to follow the reasonable instructions or directions of the Corporation’s Chief Executive Officer, (iii) any act by you of fraud, material dishonesty or material disloyalty involving the Consolidated ManpowerGroup, (iv) any violation by you of a Consolidated ManpowerGroup policy of material import (including, but not limited to, the Code of Business Conduct and Ethics, the Policy on Insider Trading, the Foreign Corrupt Practices Act Compliance Policy and policies included in the Employee Handbook), (v) any act by you of moral turpitude which is likely to result in discredit to or loss of business, reputation or goodwill of the Consolidated ManpowerGroup, (vi) your chronic absence from work other than by reason of a serious health condition, (vii) your commission of a crime the circumstances of which substantially relate to your employment duties with the Consolidated ManpowerGroup, or (viii) the willful engaging by you in conduct which is demonstrably and materially injurious to the Consolidated ManpowerGroup.  For purposes of this Subsection 1(b), no act, or failure to act, on your part will be deemed “willful” unless done, or omitted to be done, by you not in good faith.

	
(c)  

	
Change of Control.  A “Change of Control” will mean the first to occur of the following:

	
(i)  

	
the acquisition (other than from the Corporation), by any Person (as defined in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), directly or indirectly, of beneficial ownership (within the meaning of Exchange Act Rule 13d-3) of more than 50% of the then outstanding shares of common stock of the Corporation or voting securities representing more than 50% of the combined voting power of the Corporation’s then outstanding voting securities entitled to vote generally in the election of directors; provided, however, no Change of Control shall be deemed to have occurred as a result of an acquisition of shares of common stock or voting securities of the Corporation (A) by the Corporation, any of its subsidiaries, or any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any of its subsidiaries or (B) by any other corporation or other entity with respect to which, following such acquisition, more than 60% of the outstanding shares of the common stock, and voting securities representing more than 60% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, of such other corporation or entity are then beneficially owned, directly or indirectly, by the persons who were the Corporation’s shareholders immediately prior to such acquisition in substantially the same proportions as their ownership, immediately prior to such acquisition, of the Corporation’s then outstanding common stock or then outstanding voting securities, as the case may be; or

	
(ii)  

	
the consummation of any merger or consolidation of the Corporation with any other corporation, other than a merger or consolidation which results in more than 60% of the outstanding shares of the common stock, and voting securities representing more than 60% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, of the surviving or consolidated corporation being then beneficially owned, directly or indirectly, by the persons who were the Corporation’s shareholders immediately prior to such merger or consolidation in substantially the same proportions as their ownership, immediately prior to such merger or consolidation, of the Corporation’s then outstanding common stock or then outstanding voting securities, as the case may be; or

	
(iii)  

	
the consummation of any liquidation or dissolution of the Corporation or a sale or other disposition of all or substantially all of the assets of the Corporation; or

	
(iv)  

	
individuals who, as of the date of this letter, constitute the Board of Directors of the Corporation (as of such date, the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board; provided, however, that any person becoming a director subsequent to the date of this letter whose election, or nomination for election by the shareholders of the Corporation, was approved by at least a majority of the directors then comprising the Incumbent Board shall be, for purposes of this letter, considered as though such person were a member of the Incumbent Board but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest which was (or, if threatened, would have been) subject to Exchange Act Rule 14a-12(c); or

	
(v)  

	
whether or not conditioned on shareholder approval, the issuance by the Corporation of common stock of the Corporation representing a majority of the outstanding common stock, or voting securities representing a majority of the combined voting power of the outstanding voting securities of the Corporation entitled to vote generally in the election of directors, after giving effect to such transaction.

 

Following the occurrence of an event which is not a Change of Control whereby there is a successor holding company to the Corporation, or, if there is no such successor, whereby the Corporation is not the surviving corporation in a merger or consolidation, the surviving corporation or successor holding company (as the case may be), for purposes of this letter, shall thereafter be referred to within this letter agreement as the Corporation.

 

	
(d)  

	
Good Reason.  “Good Reason” will mean, without your consent, the occurrence of any one or more of the following during the Term:

	
  

	
(i)

	
any material breach of any material obligation of any member of the Consolidated ManpowerGroup for the payment or provision of compensation or other benefits to you;

	
  

	
(ii)

	
a material diminution in your base salary;

	
  

	
(iii)

	
a material diminution in your authority, duties or responsibilities, accompanied by a material reduction in your target bonus opportunity for a given fiscal year (as compared to the prior fiscal year), except where all senior level executives have similar proportionate reductions in their target bonus percentages;

	
  

	
(iv)

	
a material diminution in your authority, duties or responsibilities which is not accompanied by a material reduction in your target bonus opportunity but which diminution occurs within two years after the occurrence of a Change of Control;

	
  

	
(v)

	
a material reduction in your annual target bonus opportunity for a given fiscal year (as compared to the prior fiscal year) which is not accompanied by a material diminution in your authority, duties or responsibilities, but which reduction occurs within two years after the occurrence of a Change of Control.

Notwithstanding Subsections 1(d)(i) – (v) above, Good Reason does not exist unless (i) you object to any material diminution or breach described above by written notice to the Corporation within twenty (20) business days after such diminution or breach occurs, (ii) the Corporation fails to cure such diminution or breach within thirty (30) days after such notice is given and (iii) your employment with the Consolidated ManpowerGroup is terminated by you within ninety (90) days after such diminution or breach occurs.

	
(e)  

	
Notice of Termination.  Any termination of your employment by the Consolidated ManpowerGroup, or termination by you for Good Reason, during the Term will be communicated by Notice of Termination to the other party hereto.  A “Notice of Termination” will mean a written notice which specifies a Date of Termination (which date shall be on or after the date of the Notice of Termination) and, if applicable, indicates the provision in this letter applying to the termination and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated.

	
(f)  

	
Date of Termination.  “Date of Termination” will mean the date specified in the Notice of Termination where required (which date shall be on or after the date of the Notice of Termination) or in any other case upon your ceasing to perform services for the Consolidated ManpowerGroup.

	
(g)  

	
Protected Period.  The “Protected Period” shall be a period of time determined in accordance with the following:

	
(i)  

	
if a Change of Control is triggered by an acquisition of shares of common stock of the Corporation pursuant to a tender offer, the Protected Period shall commence on the date of the initial tender offer and shall continue through and including the date of the Change of Control, provided that in no case will the Protected Period commence earlier than the date that is six months prior to the Change of Control;

	
(ii)  

	
if a Change of Control is triggered by a merger or consolidation of the Corporation with any other corporation, the Protected Period shall commence on the date that serious and substantial discussions first take place to effect the merger or consolidation and shall continue through and including the date of the Change of Control, provided that in no case will the Protected Period commence earlier than the date that is six months prior to the Change of Control; and

	
(iii)  

	
in the case of any Change of Control not described in Subsections 1(g)(i) or (ii), above, the Protected Period shall commence on the date that is six months prior to the Change of Control and shall continue through and including the date of the Change of Control.

	
(h)  

	
Term.  The “Term” will be a period beginning on the date of this letter indicated above and ending on the first to occur of the following:  (a) the date which is the two-year anniversary of the occurrence of a Change of Control; (b) the date which is the three year anniversary of the date of this letter indicated above if no Change of Control occurs between the date of this letter indicated above and such three year anniversary; or (c) the Date of Termination.

	
2.  

	
Compensation and Benefits on Termination.

	
(a)  

	
Termination by the Consolidated ManpowerGroup for Cause or by You Other Than for Good Reason.  If your employment with the Consolidated ManpowerGroup is terminated by the Consolidated ManpowerGroup for Cause or by you other than for Good Reason, the Corporation will pay or provide you with (i) your unpaid bonus, if any, attributable to any complete fiscal year of the Consolidated ManpowerGroup ended before the Date of Termination (but no incentive bonus will be payable for the fiscal year in which termination occurs), and (ii) all benefits to which you are entitled under any Benefit Plans in accordance with the terms of such plans.  The Consolidated ManpowerGroup will have no further obligations to you.

	
(b)  

	
Termination by Reason of Disability or Death.  If your employment with the Consolidated ManpowerGroup terminates during the Term by reason of your disability or death, the Corporation will pay or provide you with (i) your unpaid bonus, if any, attributable to any complete fiscal year of the Consolidated ManpowerGroup ended before the Date of Termination, (ii) a bonus for the fiscal year during which the Date of Termination occurs equal to your target annual bonus for the fiscal year in which the Date of Termination occurs, but prorated for the actual number of days you were employed during such fiscal year, payable within sixty days after the Date of Termination, and (iii) all benefits to which you are entitled under any Benefit Plans in accordance with the terms of such plans.  For purposes of this letter, “disability” means that you are, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Corporation or the Consolidated ManpowerGroup.  The Consolidated ManpowerGroup will have no further obligations to you.

	
(c)  

	
Termination for Any Other Reason - Other than in a Change of Control.  If your employment with the Consolidated ManpowerGroup is terminated during the Term for any reason not specified in Subsections 2(a) or (b), above, and Subsection 2(d), below, does not apply to the termination, you will be entitled to the following:

	
  

	
(i)

	
the Corporation will pay you, your unpaid bonus, if any, attributable to any complete fiscal year of the Consolidated ManpowerGroup ended before the Date of Termination;

 

	
  

	
(ii)

	
the Corporation will pay you, a bonus for the fiscal year during which the Date of Termination occurs equal in amount to the bonus you would have received for the full fiscal year had your employment not terminated, determined by the actual financial results of the Corporation at year-end towards any non-discretionary financial goals and by basing any discretionary component at the target level of such component; provided, however, that such bonus will be prorated for the actual number of days you were employed during the fiscal year during which the Date of Termination occurs;

 

	
  

	
(iii)

	
the Corporation will pay, as a severance benefit to you, a lump sum payment equal to (1) the amount of your annual base salary at the highest rate in effect during the Term plus (2) your target annual bonus for the fiscal year in which the Date of Termination occurs;

	
  

	
(iv)

	
for up to a twelve-month period after the Date of Termination, the Corporation will arrange to provide you and your eligible dependents with Health Insurance Continuation (defined below) or other substantially similar coverage based on the medical and dental plans in which you were participating in on the Date of Termination; provided, however, that benefits otherwise receivable by you pursuant to this Subsection 2(c)(iv) will be reduced to the extent other comparable benefits are actually received by you during the twelve-month period following your termination, and any such benefits actually received by you or your dependents will be reported to the Corporation; and provided, further that any insurance continuation coverage that you may be entitled to receive under COBRA or similar foreign or state laws will commence on the Date of Termination.

For purposes of this Subsection 2(c)(iv), “Health Insurance Continuation” means that, if, and to the extent, you or any of your eligible dependents, following the Date of Termination, elect to continue coverage under the Corporation’s group medical and dental insurance plans, in accordance with the requirements of COBRA or similar foreign or state laws, the Consolidated ManpowerGroup will pay the total cost of such coverage under the Corporation’s group medical and dental insurance plans for the first twelve months for which you and/or your eligible dependents are eligible for such coverage; provided, however, that if you, your spouse or any other eligible dependent commences new employment during such twelve-month period and becomes eligible for health insurance benefits from such new employer, the Corporation’s obligation to provide such Corporation-subsidized COBRA coverage to you or such eligible dependent shall terminate as of the date you or such dependent becomes eligible to receive such health insurance benefits from such new employer.      Immediately following this period of Corporation-subsidized COBRA coverage, you and/or your eligible dependents, as applicable, will be solely responsible for payment of the entire cost of COBRA coverage if such coverage remains available and you and/or your eligible dependents choose to continue such coverage.  Within five calendar days of you or any of your eligible dependents becoming eligible to receive health insurance benefits from a new employer, you agree to inform the Corporation of such fact in writing.  If the Consolidated ManpowerGroup determines that the Corporation-subsidized COBRA payments provided by this Subsection 2(c)(iv) are taxable, the payments will be grossed-up so that the net amount received by you, after subtraction of all taxes applicable to the payments plus the gross-up amount, will equal the cost of such COBRA coverage; and

	
  

	
(v)

	
the Corporation will make available to you, an outplacement service program, chosen by the Corporation, and provided by the Corporation or its subsidiaries or an outplacement service provider selected by the Corporation.  Such outplacement service program will be of a duration chosen by the Corporation but will not, in any instance, end later than one (1) year following the Date of Termination.  Upon completion of the outplacement program specified in this Subsection 2(c)(v), you will be solely responsible for payment of any additional costs incurred as a result of your use of such outplacement services.  The Corporation will not substitute cash or other compensation in lieu of the outplacement service program specified in this Subsection 2(c)(v).

	
(d)  

	
Termination for Any Other Reason – Change of Control.  If, during the Term and either during a Protected Period or within two years after the occurrence of a Change of Control, your employment with the Consolidated ManpowerGroup is terminated for any reason not specified in Subsections 2(a) or (b), above, you will be entitled to the following:

	
  

	
(i)

	
the Corporation will pay you, your unpaid bonus, if any, attributable to any complete fiscal year of the Consolidated ManpowerGroup ended before the Date of Termination;

 

	
  

	
(ii)

	
the Corporation will pay you, a bonus for the fiscal year during which the Date of Termination occurs equal in amount to your target annual bonus for the fiscal year in which the Change of Control occurs; provided, however, that the bonus payable hereunder will be prorated for the actual number of days you were employed during the fiscal year during which the Date of Termination occurs;

 

	
  

	
(iii)

	
the Corporation will pay, as a severance benefit to you, a lump-sum payment equal to two times the sum of (1) your annual base salary at the highest rate in effect during the Term and (2)  your target annual bonus for the fiscal year in which the Change of Control occurs;

 

	
  

	
(iv)

	
for up to an eighteen-month period after the Date of Termination, the Corporation will arrange to provide you and your eligible dependents, at the Consolidated ManpowerGroup’s expense, with Health Insurance Continuation (defined below), or other substantially similar coverage based on the medical and dental plans in which you were participating in on the Date of Termination; provided, however, that benefits otherwise receivable by you pursuant to this Subsection 2(d)(iv) will be reduced to the extent other comparable benefits are actually received by you during the eighteen-month period following your termination, and any such benefits actually received by you or your dependents will be reported to the Corpora­tion; and provided, further that any insurance continuation coverage that you may be entitled to receive under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”), or similar foreign or state laws will commence on the Date of Termination.

 

For purposes of this Subsection 2(d)(iv), “Health Insurance Continuation” means that, if, and to the extent, you or any of your eligible dependents, following the Date of Termination, elect to continue coverage under the Corporation’s group medical and dental insurance plans, in accordance with the requirements of COBRA or similar foreign or state laws, the Consolidated ManpowerGroup will pay the total cost of such COBRA coverage for the first eighteen months for which you and/or your eligible dependents are eligible for such coverage; provided, however, that if you, your spouse or any other eligible dependent commences new employment during such eighteen-month period and becomes eligible for health insurance benefits from such new employer, the Corporation’s obligation to provide such Corporation-subsidized COBRA coverage to you or such eligible dependent shall terminate as of the date you or such dependent becomes eligible to receive such health insurance benefits from such new employer.  Immediately following this period of Corporation-subsidized COBRA coverage, you and/or your eligible dependents, as applicable, will be solely responsible for payment of the entire cost of COBRA coverage if such coverage remains available and you and/or your eligible dependents choose to continue such coverage.  Within five calendar days of you or any of your eligible dependents becoming eligible to receive health insurance benefits from a new employer, you agree to inform the Corporation of such fact in writing.  If the Consolidated ManpowerGroup determines that the Corporation-subsidized COBRA payments provided by this Subsection 2(d)(iv) are taxable, the payments will be grossed-up so that the net amount received by you, after subtraction of all taxes applicable to the payments plus the gross-up amount, will equal the cost of such COBRA coverage; and

 

	
  

	
(v)

	
the Corporation will make available to you, an outplacement service program, chosen by the Corporation, and provided by the Corporation or its subsidiaries or an outplacement service provider selected by the Corporation.  Such outplacement service program will be of a duration chosen by the Corporation but will not, in any instance, end later than one (1) year following the Date of Termination.  Upon completion of the outplacement program specified in this Subsection 2(d)(v), you will be solely responsible for payment of any additional costs incurred as a result of your use of such outplacement services.  The Corporation will not substitute cash or other compensation in lieu of the outplacement service program specified in this Subsection 2(d)(v).

 

	
  

	
(e)

	
Limitation on Benefits.  The amounts paid to you pursuant to Subsection 2(c)(iii) or 2(d)(iii) above will not be included as compensation for purposes of any qualified or nonqualified pension or welfare benefit plan of the Consolidated ManpowerGroup.  Notwithstanding anything contained herein to the contrary, the Corporation, based on the advice of its legal or tax counsel, shall compute whether there would be any “excess parachute payments” payable to you, within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), taking into account the total ‘‘parachute payments,” within the meaning of Section 280G of the Code, payable to you by the Corporation under this letter agreement and any other plan, agreement or otherwise.  If there would be any excess parachute payments, the Corporation, based on the advice of its legal or tax counsel, shall compute the net after-tax proceeds to you, taking into account the excise tax imposed by Section 4999 of the Code, as if (i) the amount to be paid to you pursuant to Subsection 2(d)(iii) were reduced, but not below zero, such that the total parachute payments payable to you would not exceed three (3) times the “base amount” as defined in Section 280G of the Code, less One Dollar ($1.00), or (ii) the full amount to be paid to you pursuant to Subsection 2(d)(iii) were not reduced.  If reducing the amount otherwise payable to you pursuant to Subsection 2(d)(iii) hereof would result in a greater after-tax amount to you, such reduced amount shall be paid to you and the remainder shall be forfeited by you as of the Date of Termination.  If not reducing the amount otherwise payable to you pursuant to Subsection 2(d)(iii) would result in a greater after-tax amount to you, the amount payable to you pursuant to Subsection 2(d)(iii) shall not be reduced.

 

	
  

	
(f)

	
Timing of Payments.  The bonus payment provided for in Subsection 2(c)(i) or 2(d)(i) will be made pursuant to the terms of the applicable bonus plan.  The bonus payment provided for in Subsection 2(c)(ii) will be paid between January 1 and March 15 of the calendar year following the Date of Termination.  The bonus payment provided for in Subsection 2(d)(ii) will be paid on the thirtieth (30th) day after the Date of Termination.  The severance benefit provided for in Subsection 2(c)(iii) or 2(d)(iii) will be paid in one lump sum on the thirtieth (30th) day after the Date of Termination.  While the parties acknowledge that the payments in the previous three sentences are intended to be “short-term deferrals” and therefore are exempt from the application of Section 409A of the Code, to the extent (i) further guidance or interpretation is issued by the IRS after the date of this letter agreement which would indicate that the payments do not qualify as “short-term deferrals,” and (ii) you are a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code upon the Date of Termination, such payments shall be delayed and instead shall be paid in one lump sum on the date that is the first business day immediately following the six month anniversary of the Date of Termination.  If any of such payment is not made when due (hereinafter a “Delinquent Payment”), in addition to such principal sum, the Corporation will pay you interest on any and all such Delinquent Payments from the date due computed at the prime rate, compounded monthly.  Such prime rate shall be the prime rate (currently the base rate on corporate loans posted by at least 75% of the 30 largest U.S. banks) in effect from time to time as reported in The Wall Street Journal, Midwest edition (or, if not so reported, as reported in such other similar source(s) as the Corporation shall select).

	
  

	
(g)

	
Release of Claims.  Notwithstanding the foregoing, you will have no right to receive any payment or benefit described in Subsections 2(c)(ii)-(v) or 2(d)(ii)-(v), above, unless and until you execute, and there shall be effective following any statutory period for revocation, a release, in a form reasonably acceptable to the Corporation, that irrevocably and unconditionally releases, waives, and fully and forever discharges the Consolidated ManpowerGroup and its past and current directors, officers, shareholders, members, partners, employees, and agents from and against any and all claims, liabilities, obligations, covenants, rights, demands and damages of any nature whatsoever, whether known or unknown, anticipated or unanticipated, relating to or arising out of your employment with the Consolidated ManpowerGroup, including without limitation claims arising under the Age Discrimination in Employment Act of 1967, as amended, Title VII of the Civil Rights Act of 1964, as amended, and the Civil Rights Act of 1991, but excluding any claims covered under any applicable workers’ compensation act.  The execution by you of the release and the statutory period for revocation must be completed prior to the thirtieth (30th) day after the Date of Termination.

	
  

	
(h)

	
Forfeiture.  Notwithstanding the foregoing, your right to receive the payments and benefits to be provided to you under this Section 2 beyond those described in Subsection 2(a), above, is conditioned upon your performance of the obligations stated in Sections 3-6, below, and upon your breach of any such obligations, you will immediately return to the Corporation the amount of such payments and benefits and you will no longer have any right to receive any such payments or benefits.

	
3.  

	
Restrictions During Employment.  During the term of your employment with the Corporation, you will not directly or indirectly compete against the Corporation, or directly or indirectly divert or attempt to divert customers’ business from the Corporation anywhere the Corporation does or is taking steps to do business.

	
4.  

	
Nonsolicitation of Employees.  You agree that you will not, at any time during the term of your employment with the Consolidated ManpowerGroup or during the one-year period following your termination, for whatever reason, of employment with the Consolidated ManpowerGroup, either on your own account or in conjunction with or on behalf of any other person, company, business entity, or other organization whatsoever, directly or indirectly induce, solicit, entice or procure any person who is a managerial employee of any company in the Consolidated ManpowerGroup (but in the event of your termination, any such managerial employee that you have had contact with in the two years prior to your termination) to terminate his or her employment with the Consolidated ManpowerGroup so as to accept employment elsewhere or to diminish or curtail the services such person provides to the Consolidated ManpowerGroup.

	
5.

	
Customer Nonsolicitation.  During the one-year period which immediately follows the termination, for whatever reason, of your employment with the Consolidated ManpowerGroup, you will not, directly or indirectly, contact any customer of the Consolidated ManpowerGroup with whom/which you have had contact on behalf of the Consolidated ManpowerGroup during the two-year period preceding the Date of Termination or about whom/which you obtained confidential information in connection with your employment with the Consolidated ManpowerGroup during such two-year period so as to cause or attempt to cause such customer not to do business or to reduce such customer’s business with the Consolidated ManpowerGroup or divert any business from any company in the Consolidated ManpowerGroup.

	
6.

	
Noncompetition.  During the one-year period which immediately follows the termination, for whatever reason, of your employment with the Consolidated ManpowerGroup, you will not, directly or indirectly, provide services or assistance of a nature similar to the services you provided to the Consolidated ManpowerGroup during the two-year period immediately preceding the Date of Termination to any entity (i) engaged in the business of providing temporary staffing services anywhere in the United States or any other country for which you have responsibility during the Term and in which the Consolidated ManpowerGroup conducts business as of the Date of Termination which has, together with its affiliated entities, annual revenues from such business in excess of US $500,000,000 or (ii) engaged in the business of providing permanent placement, professional staffing, outplacement, human resource services (including consulting, task based services, recruitment or other talent solutions) anywhere in the United States or any other country for which you have responsibility during the Term and in which the Consolidated ManpowerGroup conducts business as of the Date of Termination which has, together with its affiliated entities, annual revenues from such business in excess of US $250,000,000.  You acknowledge that the scope of this limitation is reasonable in that, among other things, providing any such services or assistance during such one-year period would permit you to use unfairly your close identification with the Consolidated ManpowerGroup and the customer contacts you developed while employed by the Consolidated ManpowerGroup and would involve the use or disclosure of Confidential Information pertaining to the Consolidated ManpowerGroup.

7.           Injunctive and Other Interim Measures.

 

	
  

	
(a)

	
Injunction.  You recognize that irreparable and incalculable injury will result to the Consolidated ManpowerGroup and its businesses and properties in the event of your breach of any of the restrictions imposed by Sections 3-6, above.  You therefore agree that, in the event of any such actual, impending or threatened breach, the Corporation will be entitled, in addition to the remedies set forth in Subsection 2(h), above (which the parties agree would not be an adequate remedy), and any other remedies and damages, to, including, but not limited to, provisional or interim measures, including temporary and permanent injunctive relief, without the necessity of posting a bond or other security, from a court of competent jurisdiction restraining the actual, impending or threatened violation, or further violation, of such restrictions by you and by any other person or entity for whom you may be acting or who is acting for you or in concert with you.

 

	
  

	
(b)

	
Equitable Extension.  The duration of any restriction in Section 3-6, above, will be extended by any period during which such restriction is violated by you.

 

	
  

	
(c)

	
Nonapplication.  Notwithstanding the above, Sections 5 and 6, above, will not apply if your employment with the Consolidated ManpowerGroup is terminated by you for Good Reason or by the Corporation without Cause either during a Protected Period or within two years after the occurrence of a Change of Control.

	
8.

	
Unemployment Compensation.  The severance benefits provided for in Subsection 2(c)(iii) will be assigned for unemployment compensation benefit purposes to the one-year period following the Date of Termination, and the severance benefits provided for in Subsection 2(d)(iii) will be assigned for unemployment compensation purposes to the two-year period following the Date of Termination, and you will be ineligible to receive, and you agree not to apply for, unemployment compensation during such periods.

 

	
9.

	
Nondisparagement.  Upon your termination, for whatever reason, of employment with the Consolidated ManpowerGroup, the Corporation agrees that its directors and officers, during their employment by or service to the Consolidated ManpowerGroup, will refrain from making any statements that disparage or otherwise impair your reputation or commercial interests.  Upon your termination, for whatever reason, of employment with the Consolidated ManpowerGroup, you agree to refrain from making any statements that disparage or otherwise impair the reputation, goodwill, or commercial interests of the Consolidated ManpowerGroup, or its officers, directors, or employees.  However, the foregoing will not preclude the Corporation from providing truthful information about you concerning your employment or termination of employment with the Consolidated ManpowerGroup in response to an inquiry from a prospective employer in connection with your possible employment, and will not preclude either party from providing truthful testimony pursuant to subpoena or other legal process or in the course of any proceeding that may be commenced for purposes of enforcing this letter agreement.

 

	
10.

	
Successors; Binding Agreement.  This letter agreement will be binding on the Corporation and its successors and will inure to the benefit of and be enforceable by your personal or legal representatives, heirs and successors.

	
11.

	
Notice.  Notices and all other communications provided for in this letter will be in writing and will be deemed to have been duly given when delivered in person, sent by telecopy, or two days after mailed by United States registered or certified mail, return receipt requested, postage prepaid, and properly addressed to the other party.

	
12.

	
No Right to Remain Employed.  Nothing contained in this letter will be construed as conferring upon you any right to remain employed by the Corporation or any member of the Consolidated ManpowerGroup or affect the right of the Corporation or any member of the Consolidated ManpowerGroup to terminate your employment at any time for any reason or no reason, with or without cause, subject to the obligations of the Corporation as set forth herein.

	
13.

	
Modification.  No provision of this letter may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing by you and the Corporation.

	
14.

	
Withholding.  The Consolidated ManpowerGroup shall be entitled to withhold from amounts to be paid to you hereunder any federal, state, or local withholding or other taxes or charges which it is, from time to time, required to withhold under applicable law.

	
15.

	
Applicable Law.  This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York, United States of America, without regard to its conflict of law provisions.

	
16.

	
Reduction of Amounts Due Under Law.  You agree that any severance payment (i.e, any payment other than a payment for salary through your Date of Termination or for a bonus earned in the prior fiscal year but not yet paid) to you pursuant to this agreement will be counted towards any severance type payments otherwise due you under law.  By way of illustration, English law requires notice period of one (1) week for every year of service up to a maximum of twelve (12) weeks of notice.  In the event you are terminated without notice and you would otherwise be entitled to a severance payment hereunder, such severance payment will be considered to be payment in lieu of such notice.

	
17.

	
Previous Agreements.  This letter, upon acceptance by you, expressly supersedes any and all previous agreements or understandings relating to your employment by the Corporation or the Consolidated ManpowerGroup, except for the letter from the Corporation to you dated April 4, 2007, as amended from time to time, regarding the Corporation’s offer of employment to you (provided this letter will supersede the sections of that prior letter concerning severance protection and restrictive covenants) and the Nondisclosure Agreement between you and the Corporation dated May 12, 2007, or the termination of such employment, and any such agreements or understandings shall, as of the date of your acceptance, have no further force or effect.

	
18.

	
Dispute Resolution.  Section 7 to the contrary notwithstanding, the parties shall, to the extent feasible, attempt in good faith to resolve promptly by negotiation any dispute arising out of or relating to your employment by the Consolidated ManpowerGroup pursuant to this letter agreement.  In the event any such dispute has not been resolved within 30 days after a party’s request for negotiation, either party may initiate arbitration as hereinafter provided.  For purposes of this Section 18, the party initiating arbitration shall be denominated the “Claimant” and the other party shall be denominated the “Respondent.”

	
  

	
(a)

	
If your principal place of employment with the Consolidated ManpowerGroup is outside the United States, any dispute arising out of or relating to this letter agreement, including the breach, termination or validity thereof, shall be finally resolved by arbitration before a sole arbitrator in accordance with the International Institute for Conflict Prevention and Resolution International Rules for Non-Administered Arbitration (the “CPR International Rules”) as then in effect.  If the parties are unable to select the arbitrator within 30 days after Respondent’s receipt of Claimant’s Notice of Arbitration and the 30-day deadline has not been extended by the parties’ agreement, the arbitrator shall be selected by CPR as provided in CPR International Rule 6.  The seat of the arbitration shall be the Borough of Manhattan in the City, County and State of New York, United States of America.  The arbitration shall be conducted in the English language.  Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof.  Anything in the foregoing to the contrary notwithstanding, the parties expressly agree that at any time before the arbitrator has been selected and the initial pre-hearing conference provided for in International Rule 9.3 has been held, either of them shall have the right to apply to any court located in Milwaukee County, Wisconsin, United States of America, to whose jurisdiction they agree to submit, or to any other court that otherwise has jurisdiction over the parties, for provisional or interim measures including, but not limited to, temporary or permanent injunctive relief.

	
(b)  

	
If your principal place of employment with the Consolidated ManpowerGroup is within the United States, any dispute arising out of or relating to this letter agreement, including the breach, termination or validity thereof, shall be finally resolved by arbitration before a sole arbitrator in accordance with the International Institute for Conflict Prevention and Resolution Rules for Non-Administered Arbitration (the “CPR Rules”) as then in effect.  If the parties are unable to select the arbitrator within 30 days after Respondent’s receipt of Claimant’s Notice of Arbitration and the 30-day deadline has not been extended by the parties’ agreement, the arbitrator shall be selected by CPR as provided in Rule 6 of the CPR Rules.  The seat of the arbitration shall be Milwaukee, Wisconsin, United States of America.  The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq.  Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof.  Anything in the foregoing to the contrary notwithstanding, the parties expressly agree that at any time before the arbitrator has been selected and the initial pre-hearing conference has been held as provided in Rule 9.3 of the CPR Rules, either of them shall have the right to apply to any court located in Milwaukee County, Wisconsin, United States of America to whose jurisdiction they agree to submit, or to any other court that otherwise has jurisdiction over the parties, for provisional or interim measures, including, but not limited to, temporary or permanent injunctive relief.

	
19.

	
Severability. The obligations imposed by Paragraphs 3-6, above, of this agreement are severable and should be construed independently of each other.  The invalidity of one such provision shall not affect the validity of any other such provision.  If any provision of Paragraphs 3-6 shall be invalid or unenforceable, in whole or in part, or as applied to any circumstance, under the laws of any jurisdiction which may govern for such purpose, then such provision shall be deemed to be modified or restricted to the extent and in the manner necessary to render the same valid and enforceable, either generally or as applied to such circumstance, or shall be deemed excised from this Agreement, as the case may require, and this Agreement shall be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be.

If you are in agreement with the foregoing, please sign and return one copy of this letter which will constitute our agreement with respect to the subject matter of this letter.

 

	 	 	 Sincerely,	 
	 	 	 	 
	 	 	 MANPOWERGROUP INC.	 
	 	 	 	 
	 	 	 	 
	 	 	 By:  /s/ Jeffrey A. Joerres	 
	 	 	         Jeffrey A. Joerres, Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	  Agreed as of the 13th day of August, 2013.	 	 
	 	 	 	 
	 	 	 	 
	 	 /s/ Darryl Green	 	 
	 	 Darryl Green

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