Document:

EX-10.1

 Exhibit 10.1 
 Executive General Severance Plan 
 Federal Signal Corporation 

Amended and Restated 
 August 2012 

 Contents 
  

					
		
	 Article 1. Establishment, Term, and Purpose
	  	 	1	  
		
	 Article 2. Definitions
	  	 	1	  
		
	 Article 3. Participation
	  	 	4	  
		
	 Article 4. Severance Benefits
	  	 	4	  
		
	 Article 5. The Company’s Payment Obligation
	  	 	8	  
		
	 Article 6. Legal Remedies
	  	 	8	  
		
	 Article 7. Withholding
	  	 	9	  
		
	 Article 8. Noncompetition
	  	 	9	  
		
	 Article 9. Successors and Assignment
	  	 	9	  
		
	 Article 10. Miscellaneous
	  	 	10	  

 Federal Signal Corporation 
 Executive General Severance Plan 
 Article 1. Establishment and Purpose 

1.1 Establishment of the Plan. Federal Signal Corporation (hereinafter referred to as the “Company”) hereby establishes a
severance plan to be known as the “Federal Signal Corporation Executive General Severance Plan” (the “Plan”). The Plan provides severance benefits to certain employees of the Company upon a termination of employment from the
Company, not including a termination of employment as a result of a Change in Control of the Company. Except for the Change-in-Control Severance Agreements entered into with certain executives, the Plan is intended to supersede any and all plans,
programs, or agreements providing for severance-related payments. 
 1.2 Purpose of the Plan. The purpose of the Plan is
to provide certain key employees of the Company financial security in the event of a termination of employment from the Company. 
 Article
2. Definitions 
 Whenever used in this Plan, the following terms shall have the meanings set forth below and, when the
meaning is intended, the initial letter of the word is capitalized: 
  

	 	(a)	“Base Salary” means, at any time, the then regular annual rate of pay which the Participant is receiving as annual salary, excluding amounts:
(i) received under short-term or long-term incentive or other bonus plans, regardless of whether or not the amounts are deferred, or (ii) designated by the Company as payment toward reimbursement of expenses. 

 

	 	(b)	“Beneficiary” means the persons or entities designated or deemed designated by a Participant pursuant to Section 10.2 herein.

  

	 	(c)	“Benefits Committee” means the Benefits Planning Committee of the Company which was appointed by the Compensation and Benefits Committee of the
Company’s Board of Directors, and is composed of certain officers or other employees of the Company. 

  

	 	(d)	“Board” means the Board of Directors of the Company. 

  

	 	(e)	“Cause” shall be determined solely by the Benefits Committee except (as expressly set forth to the contrary herein below), which shall have the
authority to interpret the Plan and to determine the meaning of any ambiguous Plan provisions in its sole and absolute discretion, and shall mean the occurrence of any one or more of the following: 

 

	 	(i)	The Participant’s failure to substantially perform his duties with the Company (other than any such failure resulting from the Participant’s Disability),
after written notice of such failure and a reasonable opportunity to cure following written notice; or 

  
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	 	(ii)	The Participant’s commission of any intentional act of fraud, embezzlement, theft or misappropriation of Company funds as determined after investigation by the
Board, or the Participant’s admission to or conviction of a felony or entry of a plea of guilty or nolo contendere (or similar plea) to a crime that constitutes a felony, or a crime that constitutes a misdemeanor involving moral turpitude,
dishonesty or fraud; or 

  

	 	(iii)	The Participant’s willful engaging in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise, or any gross negligence or
dishonesty of the Participant which results in financial loss or liability to the Company or damage to the reputation of the Company as determined by the Board. However, no act or failure to act on the Participant’s part shall be deemed
“willful” unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the action or omission was in the best interests of the Company. 

 

	 	(iv)	The Participant’s material breach of Company policies, which shall be determined in the Committee’s sole and absolute discretion, whether any such policy is
now in effect or adopted after the adoption of this Plan, including but not limited to the Company’s policy for business conduct. 

 Notwithstanding anything to the contrary stated herein, in the case of the determination of Cause involving a Participant who is a member of the Company’s “Executive Committee” as such term
is defined in the Company’s then most recent annual report, the Benefits Committee shall assign and cede all of its discretion and authority in the determination of Cause to the Compensation Committee. 

 

	 	(f)	“Code” means the Internal Revenue Code of 1986, as amended. 

 

	 	(g)	“Compensation Committee” means the Compensation and Benefits Committee of the Board of Directors of the Company, or, if no Compensation Committee
exists, then the full Board of Directors of the Company, or a committee of Board members, as appointed by the full Board to administer this Plan. 

  

	 	(h)	“Company” means Federal Signal Corporation, a Delaware corporation (including any and all subsidiaries), or any successor thereto as provided in
Article 9 herein. 

  

	 	(i)	“Disability” or “Disabled” shall have the meaning ascribed to such term in the Participant’s governing long-term disability plan,
or if no such plan exists, shall mean entitled to receive Social Security disability benefits. 

  

	 	(j)	“Duplicate Benefit” means any benefit payment or entitlement due or arising on or in connection with the termination of employment of any Participant
other than under this Plan. It shall include (but not be limited to): notice; pay in lieu of notice; bonus; damages; allowances; benefits; any severance payment or agreement; any redundancy entitlement; or any compensation sum (whether due or
arising pursuant to any contract, statute, statutory instrument, code or law or to the decision of any Court or Tribunal and) whether or not claimed or falling due on the Effective Date of Termination or at any other time. 

 

	 	(k)	“Duplicate Benefit Liability” means any liability, cost or obligation to pay arising or incurred in connection with any Duplicate Benefit.

  
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	 	(l)	“Effective Date” means the date this Plan is approved by the Board, or such other date as the Board shall designate in its resolution approving this
Plan, and as specified in the opening sentence of this Plan. 

  

	 	(m)	“Effective Date of Termination” means the date on which the Executive’s separation from service (as defined in Section 409A of the Code and
the applicable regulations) occurs which triggers the payment of Severance Benefits hereunder. 

  

	 	(n)	“Good Reason” means, without the Participant’s express written consent, the occurrence of any one (1) or more of the following which results
in a material negative change in the Participant’s employment relationship with the Company: 

  

	 	(i)	The assignment of the Participant to duties materially inconsistent with the Participant’s authorities, duties, responsibilities, and status (including offices,
titles, and reporting requirements) as an executive and/or officer of the Company, or a material reduction or alteration in the nature or status of the Participant’s authorities, duties, or responsibilities from those in effect as of the
Effective Date, other than an insubstantial and inadvertent act that is remedied by the Company promptly after receipt of notice thereof given by the Participant; 

 

	 	(ii)	The Company’s requiring the Participant to be based at a location in excess of fifty (50) miles from the location of the Participant’s principal job
location or office as of the Effective Date; except for required travel on the Company’s business to an extent substantially consistent with the Participant’s then present business travel obligations; 

 

	 	(iii)	A material reduction by the Company of the Participant’s Base Salary in effect on the Effective Date hereof, or as the same shall be increased from time to time,
provided however that any such material reduction shall not constitute Good Reason if the material reduction is applied consistently by the Company to all similarly-situated employees; 

 

	 	(iv)	The failure of the Company to continue in effect any of the Company’s short- and long-term incentive compensation plans, in which the Participant participates
unless such failure to continue the plan, policy, practice, or arrangement pertains to all plan participants generally; or the failure by the Company to continue the Participant’s participation therein on substantially the same basis, both in
terms of the amount of benefits provided and the level of the Participant’s participation relative to other participants, as of the Effective Date; 

  

	 	(v)	(vi) A material breach of this Plan by the Company which is not remedied by the Company within thirty (30) business days of receipt of written notice of such
breach delivered by the Participant to the Company. 

 Unless the Participant becomes Disabled, the
Participant’s right to terminate employment for Good Reason shall not be affected by the Participant’s incapacity due to physical or mental illness. The Participant must notify the Company within ninety (90) days of the existence of
the Good Reason condition, and the Company shall have thirty (30) days to remedy the conditions. 

  
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	 	(o)	“Notice of Termination” shall mean a written notice which shall indicate the specific termination provision in this Plan relied upon, and shall set
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Participant’s employment under the provision so indicated. 

 

	 	(p)	“Participant” means an executive of the Company who is named by the Compensation Committee as a Participant in the Plan, as set forth in Article 2
herein. 

  

	 	(q)	“Plan” has the meaning ascribed to such term in Section 1.1 hereof. 

 

	 	(r)	“Regular Employee” shall mean all active, regular full-time, exempt employees. For purposes of the Plan, “active” employees shall include
those employees on leave of absence or receiving disability benefits who are classified as active by the Company. Temporary employees, part-time employees, hourly employees, and independent contractors shall not be eligible to participate in the
Plan. Except for a separation from service that triggers payment of benefits under Section 4.1 of this Plan, a participant ceases to be an eligible participant as of the date he or she ceases to be a Regular Employee. A former participant shall
again become a participant as of the date he or she again becomes a Regular Employee. 

  

	 	(s)	“Severance Benefits” means the payment of severance compensation as provided in Article 4 herein. 

Article 3. Participation 

3.1 Eligible Employees. Individuals eligible to participate in the Plan shall include only those Regular Employees of the Company
that are determined to be key employees by the Compensation Committee in its sole discretion. 
 3.2 Participation.
Subject to the terms of the Plan, the Compensation Committee may, from time to time, select from all eligible employees those who shall participate in the Plan. From those selected to participate in the Plan, the Benefits Committee shall assign each
Participant to a category as follows: Tier I Executives, Tier II Executives, or Tier III Executives. 
 Article 4. Severance Benefits

 4.1 Right to Severance Benefits. Subject to the provisions herein, each Participant shall be entitled to receive
from the Company Severance Benefits as described in Section 4.2 herein, if, during the term of the Plan, the Participant’s separation from service (as defined in Section 409A of the Code and applicable regulations) with the Company
occurs by the Company without Cause, or voluntarily by the Participant for Good Reason. 
 A Participant shall not be entitled
to receive Severance Benefits under Section 4.2 hereof if he or she is terminated for Cause, or if his or her employment with the Company ends due to death, Disability, Retirement, or due to a voluntary termination of employment by the
Participant without Good Reason. 
 4.2 Description of Severance Benefits. In the event that a Participant becomes
entitled to receive Severance Benefits, as provided in Section 4.1 herein, the Participant shall receive the following Severance Benefits: 

  
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	 	(a)	Tier I Executives: One (1.0) times the sum of: (i) the Participant’s Base Salary; and (ii) the Participant’s target annual bonus
established for the bonus plan year in which the Participant’s Effective Date of Termination occurs. 

Tier II Executives: Three-quarters (0.75) times the sum of: (i) the Participant’s Base Salary; and (ii) the
Participant’s target annual bonus established for the bonus plan year in which the Participant’s Effective Date of Termination occurs. 
 Tier III Executives: One-half (0.5) times the sum of: (i) the Participant’s Base Salary; and (ii) the Participant’s target annual bonus established for the bonus plan year in
which the Participant’s Effective Date of Termination occurs. 
  

	 	(b)	An amount equal to the Participant’s unpaid targeted annual bonus, established for the plan year in which the Participant’s Effective Date of Termination
occurs, multiplied by a fraction, the numerator of which is the number of days the Participant was employed by the Company in the then existing fiscal year through the Effective Date of Termination, and the denominator of which is three hundred
sixty-five (365). 

  

	 	(c)	A continuation of the welfare benefits of medical insurance, dental insurance and group term life insurance for a period of time equal to the period of time Severance
Benefits are based upon (e.g. one (1) year for Tier 1; nine (9) months for Tier II; six (6) months for Tier III) following the Effective Date of Termination. These benefits shall be provided to Participants at the same premium cost,
and at the same coverage level, as in effect as of the Participant’s Effective Date of Termination. 

However, in the event the premium cost and/or level of coverage shall change for all employees of the Company, the cost and/or coverage
level, likewise, shall change for each Participant in a corresponding manner. Any COBRA health benefit continuation coverage provided to Participant shall run concurrently with the aforementioned period. 

The value of such medical insurance coverage shall be treated as taxable income to Participant to the extent necessary to comply with
Sections 105(h) and 409A of the Code. For purposes of 409A of the Code, any payments of continued health benefits that are made during the applicable COBRA continuation period (even if the Participant does not actually receive COBRA coverage for the
entire applicable period), are exempt from the requirements of Code Section 409A pursuant to Treasury Regulation Section 1.409A-1(b)(9)(v)(B). The right to continue coverage beyond the applicable COBRA continuation period is not subject to
liquidation or exchange for another benefit. 
 The continuation of these welfare benefits shall be discontinued prior to the
end of the aforementioned period in the event the Participant has available substantially similar benefits from a subsequent employer, as determined by the Benefits Committee. 

  
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	 	(d)	The treatment of accrued vacation days earned prior to the Effective Date of Termination, but not taken by the Participant, shall be subject to the treatment provided
under the Company’s vacation policy. 

  

	 	(e)	All outstanding long-term incentive awards shall be subject to the treatment provided under the applicable long-term incentive plan of the Company.

 4.3 Termination Due to Disability. If a Participant’s employment is terminated due to Disability
during the term of this Plan, the Participant shall receive his or her Base Salary and accrued vacation through the Effective Date of Termination in a lump sum within 90 days of the date of the Company’s proper notification of the
Participant’s Disability. All other benefits provided to the Participant shall be determined in accordance with the Company’s disability, retirement, insurance, and other applicable plans and programs then in effect. 

4.4 Termination Due to Death. If a Participant’s employment is terminated by reason of death, the Participant, or where
applicable, the Participant’s Beneficiaries, shall receive the Participant’s Base Salary and accrued vacation through the Effective Date of Termination in a lump sum no later than March 15 of the year following the year of the
Participant’s death. All other benefits provided to the Participant or the Participant’s Beneficiaries shall be determined in accordance with the Company’s retirement, survivor’s benefits, insurance, and other applicable programs
of the Company then in effect. 
 4.5 Termination for Cause or by a Participant Other Than for Good Reason. If a
Participant has a separation from service due to the Participant’s employment termination either: (a) by the Company for Cause; or (b) by the Participant other than for Good Reason, the Company shall pay the Participant his or her
unpaid Base Salary and accrued vacation through the Effective Date of Termination, at the rate then in effect, plus all other amounts to which the Participant is entitled under any compensation plans of the Company, in a lump sum within 90 days of
the Participant’s separation from service, and the Company shall have no further obligations to the Participant under this Plan. 
 4.6 Notice of Termination. Any termination by the Company for Cause or by a Participant for Good Reason shall be communicated by a written Notice of Termination. 

4.7 Form and Timing of Severance Benefits. The Severance Benefits set forth in this Article 4 shall be paid as a continuation
of pay. Such benefit amount shall be paid in equal installments in accordance with the normal procedures of the Company for the period beginning on the Effective Date of Termination, subject to Section 4.10 herein. Notwithstanding the
foregoing, payments shall be delayed until the next regularly scheduled payroll cycle immediately following the date on which the Employee’s release becomes effective and irrevocable, in which case any past-due payments shall be paid in a lump
sum. 
 4.8 No Duplication of Severance. The Severance Benefits set forth in this Article 4 are not payable in addition
to any Duplicate Benefit. Where any Duplicate Benefit Liability is or may be incurred the value of the Severance Benefits will be reduced by a sum equivalent to any Duplicate Benefit Liability. Notwithstanding this Article 4.8 if a Participant is a
party to a change-in-control agreement with the Company, the Participant shall not be entitled to receive a Severance Benefit under this Plan if he or she is entitled to receive a severance benefit under the change-in-control agreement. 

4.9 Release. As a condition of receiving Severance Benefits under the Plan, the Participant is required to sign a general release
in a form acceptable to the Benefits Committee. No Severance Benefits will be paid to a Participant until the applicable release becomes irrevocable in accordance with its terms. 

  
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 4.10. Internal Revenue Code Section 409A. The Plan is intended to comply
with the American Jobs Creation Act of 2004, Code Section 409A, and related guidance. 
 (a)
Notwithstanding anything to the contrary set forth in this Plan, any Severance Benefits paid (i) within 2- 1/2 months of the end of the Company’s taxable year containing the Participant’s Effective Date of
Termination, or (ii) within
2- 1/2 months of the Participant’s taxable year containing the Effective Date of Termination shall be exempt from the requirements of Section 409A of the Code, and shall be paid in accordance with
this Article 3. Severance Benefits subject to this Section 4.10(a) shall be treated and shall be deemed to be an entitlement to a separate payment within the meaning of Section 409A of the Code and the regulations thereunder.
Notwithstanding the provisions of Section 4.7, the Benefits Committee retains the discretion to make payments of Severance Benefits in installments at the same time and in the same frequency as the Participant’s regular payroll
compensation would have been made to him if he had continued as an active Employee of the Company, which installment payments shall commence at the Participant’s separation from service, provided that all such Severance Benefits shall be paid
in their entirety (i) within
2- 1/2 months of the end of the Company’s taxable year containing the Participant’s Effective Date of Termination, or (ii) within 2- 1/2 months of the Participant’s taxable year containing the Effective Date of Termination, and therefore such payments shall be exempt from the requirements of Section 409A of the Internal Revenue
Code (the “Code”). 
 (b) To the extent Severance Benefits are not exempt from
Section 409A under Section 4.10(a) above, any Severance Benefits that are equal to or less than the lesser of the amounts described in Treasury Regulation Section 1.409A-1(b)(9)(iii)(A)(1) and (2) shall be exempt from
Section 409A and shall be paid in accordance with this Article 4. Severance Benefits subject to this Section 4.10(b) shall be treated and shall be deemed to be an entitlement to a separate payment within the meaning of Section 409A of
the Code and the regulations thereunder. 
 (c) To the extent Severance Benefits are not exempt from Section 409A under
Sections 4.10(a) or (b) above, any Benefits paid equal to or less than the applicable dollar amount under Section 402(g)(1)(B) of the Code for the year of Effective Date of Termination shall be exempt from Section 409A in accordance
with Treasury Regulation Section 1.409A-1(b)(9)(v)(D) and shall be paid in accordance with this Article 4. Severance Benefits subject to this Section 4.10(c) shall be treated and shall be deemed to be an entitlement to a separate payment
within the meaning of Section 409A of the Code and the regulations thereunder. 
 (d) To the extent Severance Benefits are
not exempt from Section 409A pursuant to Sections 4.10(a), (b) or (c) above, and to the extent the Participant is a “specified employee” (as defined below), payments due to the Participant under Section 6 shall begin no
sooner than six months after the Participant’s Effective Date of Termination (other than for Death); provided, however, that any payments not made during the six (6) month period described in this Section 4.10(d) due to the 6-month
delay period required under Treasury Regulation Section 1.409A-3(i)(2) shall be made in a single lump sum as soon as administratively practicable after the expiration of such six (6) month period, with interest thereon , and the balance of
all other payments required under this Plan shall be made as otherwise scheduled in this Plan.  
 (e) For purposes of
this Plan, the term “specified employee” shall have the meaning set forth in Treasury Reg. Section 1.409A-1(i). The determination of whether the Participant is a “specified employee” shall be made by the Company in good
faith applying the applicable Treasury regulations. 

  
 7 

 Article 5. The Company’s Payment Obligation 

5.1 Payment Offsets. To the extent permitted by law, the Company’s obligation to make the payments and the arrangements
provided for herein is subject to reduction to the extent necessary to defray any outstanding financial obligation(s) that are then due by the participant to the Company, including, but not limited to, expense account balances, advances, or the
value of any computer hardware or software, communications equipment or other Company-provided property in the individual’s possession that he/she has failed to return to the Company, and to the extent of any other misappropriation or
conversion of Company property or interest in property by the participant. 
 Participants shall not be obligated to seek other
employment in mitigation of the amounts payable or arrangements made under any provision of this Plan, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make the payments and
arrangements required to be made under this Plan, except to the extent provided in Section 4.2(c) herein. 
 5.2 Rights
to Benefits. Nothing herein contained shall require or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any
payments to be made or required hereunder. 
 Article 6. Legal Remedies 

6.1 Payment of Legal Fees. The Company shall reimburse a Participant for legal fees and other costs of litigation or other disputes
incurred by the Participant in successfully asserting claims or defenses under this Plan, except that the Participant shall bear his or her own costs of such litigation or dispute if the court (or arbitrator) finds in favor of the Company with
respect to any claim or defense asserted by the Participant. 
 6.2 Arbitration. Subject to the following sentences, any
dispute or controversy arising under or in connection with this Plan shall be settled by arbitration, conducted before a single arbitrator sitting in a location selected by the Company within fifty (50) miles from the location of his job with
the Company, in accordance with the rules of the American Arbitration Association then in effect. However, the Company may, in its sole discretion and within then (10) days of receiving a Participant’s notice of intent to arbitrate, give
the Participant written notice that the Company refuses to arbitrate the matter and that in order to resolve such dispute or controversy, the Participant must institute judicial proceedings in any court of competent jurisdiction. If no such written
notice is given to the Participant, then the matter will proceed as an arbitration. In any dispute which arises under Article 8 of this Plan the Company or the Participant shall have the right to institute judicial proceedings in any court of
competent jurisdiction with respect to such dispute or claim. If judicial proceedings are instituted, the parties agree that such proceedings shall not be stayed or delayed pending the outcome of any arbitration proceeding hereunder. 

  
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 Except as provided above for claims or disputes under Article 8, judgment may be entered on
the award of the arbitrator in any court having proper jurisdiction. 
 Article 7. Withholding 

The Company shall be entitled to withhold from any amounts payable under this Plan all taxes as legally shall be required (including,
without limitation, any United States federal taxes, and any other state, city, or local taxes). 
 Article 8. Noncompetition 

8.1 Prohibition on Competition. Without the prior written consent of the Company, during the term of this Plan, and for a period of
time equal to the period of time Severance Benefits are based upon (e.g. one (1) year for Tier 1; nine (9) months for Tier II; six (6) months for Tier III) Participants shall not, as an employee or an officer, engage directly or
indirectly in any business or enterprise which is “in competition” with the Company or its successors or assigns. For purposes of this Plan, a business or enterprise will be deemed to be “in competition” if it is engaged in any
significant business activity of the Company or its subsidiaries within the United States of America. Nothing herein shall modify or void the term of any independent non-compete agreement that the Participant has entered into with the Company which
shall continue to be of full force and effect unless modified in writing signed by the Company. 
 However Participants shall be
allowed to purchase and hold for investment less than two percent (2%) of the shares of any corporation whose shares are regularly traded on a national securities exchange or in the over-the-counter market. 

8.2 Disclosure of Information. Participants recognize that they have access to and knowledge of certain confidential and
proprietary information of the Company which is essential to the performance of their duties as employees of the Company. Participants will not, during or after the term of their employment by the Company, in whole or in part, disclose such
information to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever, nor shall he or she make use of any such information for their own purposes. 

8.3 Covenants Regarding Other Employees. During the term of this Plan, and for a period of one (1) year following the payment
of Severance Benefits under this Plan, each Participant agrees not to attempt to induce any employee of the Company to terminate his or her employment with the Company, accept employment with any competitor of the Company, or to interfere in a
similar manner with the business of the Company. 
 Article 9. 
 9.1 Successors to the Company. In no event shall a termination that occurs as a result of or in connection with the sale of the assets or stock of the Company or a subsidiary of the Company
(provided the Employee is offered employment by the purchasing entity) qualify an Employee for Severance Benefits under this Plan. 

  
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 9.2 Assignment by the Participant. This Plan shall inure to the benefit of and be
enforceable by each Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. 
 Article 10. Miscellaneous 
 10.1 Employment Status. Except as may be
provided under any other agreement between a Participant and the Company, the employment of the Participant by the Company is “at will” and may be terminated by either the Participant or the Company at any time, subject to applicable law.

 10.2 Beneficiaries. Each Participant may designate one or more persons or entities as the primary and/or contingent
Beneficiaries of any Severance Benefits owing to the Participant under this Plan. Such designation must be in the form of a signed writing acceptable to the Benefits Committee. Participants may make or change such designations at any time. If a
Participant dies while any amount would still be payable to him or her hereunder had he or she continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Plan, to the
Participant’s Beneficiary. In the event that a Participant fails to designate a Beneficiary, or the Beneficiary(ies) designated by the Participant predecease the Participant, then the beneficiary designated by the Participant under the
Company’s group term life insurance program shall be deemed to be the designated Beneficiary under this Plan, or, if there is no such Beneficiary, then such amounts shall be paid to the Participant’s devisee, legatee, or other designee, or
if there is no such designee, to the Participant’s estate. 
 10.3 Gender and Number. Except where otherwise
indicated by the context, any masculine term used herein also shall include the feminine, the feminine shall include the masculine, the plural shall include the singular, and the singular shall include the plural. 

10.4 Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. Further, the captions of this Plan are not part of the provisions hereof and
shall have no force and effect. 
 10.5 Modification. The Compensation Committee shall have unilateral authority to
approve the termination of, or any amendment or modification to the Plan, in its sole and absolute discretion. 
 10.6
Applicable Law. To the extent not preempted by the laws of the United States, the laws of the state of Delaware shall be the controlling law in all matters relating to this Plan. 

  
 10Amendment to Restricted Share Agreement

 EXHIBIT 10.1 
 ROBERT HALF INTERNATIONAL INC. 
 AMENDMENT TO RESTRICTED SHARE AGREEMENT

 This Amendment to Restricted Share Agreement (the “Amendment”) is made and entered into effective as of
May 9, 2012, by and between Harold M. Messmer, Jr. (“Participant”) and Robert Half International Inc. (the “Company”) and reflects the cumulative effects of amendments made effective May 6, 2012, and May 9, 2012.

 For good and valuable consideration, to the sufficiency of which the parties acknowledge and agree, the Restricted Shares
Agreements between Participant and the Company dated as of February 12, 2009, February 10, 2010, February 9, 2011, and April 12, 2012, (respectively, the “2009 Agreement”, the “2010 Agreement”, the
“2011 Agreement” and the “2012 Agreement”) are amended as set forth below. 
 1.    Accelerated
Vesting.    Section 3 of each of the 2009 Agreement, the 2010 Agreement, the 2011 Agreement and the 2012 Agreement is amended to insert “(excluding the first sentence of Section 15, which shall not apply to the
Restricted Stock Award)” after “Section 15 of the Plan”. 
 2.    Performance
Conditions.    Section 4 of the 2012 Agreement is hereby amended and restated in its entirety as follows: 
 “The Restricted Share Award shall be subject to the Performance Condition as specified in Section 12 of the Plan; provided, however, for purposes of this Restricted Share Award, the term
“Multiplier” shall mean (a) the Performance Goal Ratio, if the Performance Goal Ratio is greater than or equal to 0 and less than 1.0, (b) 1, if the Performance Goal Ratio is greater than or equal to 1.0, or (c) 0, if the
Performance Goal Ratio is less than 0. The Target Performance Goal (with respect to which the Performance Goal shall be Earnings Per Share) and the Performance Period shall be determined by the Committee.” 

3.    Negative Discretion.    The 2011 Agreement and the 2012 Agreement are each hereby amended to add a
new Section 19 to the end thereof: 
 “19.    Additional Negative
Discretion.    In addition to the Performance Conditions set forth in Section 4 above and notwithstanding the vesting schedule set forth in Section 2 of the Agreement or anything to the contrary in the Plan, upon
each vesting date, if the determination by the Compensation Committee of the TSR referred to below shall not yet have occurred, 50% of the shares that would otherwise be eligible to vest on such date (i.e., 25% of the total shares subject to the
Restricted Share Award) shall remain held in escrow by the Company and subject to forfeiture based on the Company’s Total Shareholder Return (“TSR”) relative to the TSR of the companies that comprise the S&P 500 Index as of
May 6, 2012 and December 31, 2014 (the “S&P 500 TSR”) for the period commencing on May 6, 2012 and ending on December 31, 2014 (the “TSR Measurement Period”). The calculation of the Final Award and the
total number of shares that may be forfeited, if any, based on the Company’s relative TSR shall be determined as follows: 
 (i) if the Company’s TSR for the TSR Measurement Period is at or below the 35th percentile relative to the S&P 500 TSR, then 50% of the total shares remaining subject to the Restricted Share
Award after any adjustment for the Performance Condition specified in Section 4 shall be forfeited in calculating the Final Award; 
 (ii) if the Company’s TSR for the TSR Measurement Period is at or above the 50th percentile relative to the S&P 500 TSR, then no shares subject to the Restricted Share Award shall be forfeited in
calculating the Final Award as a result of the Company’s TSR; and 
 (iii) to the extent the
Company’s TSR for the TSR Measurement Period is between the 35th and 50th
percentile relative to the S&P 500 TSR, linear interpolation shall be used to determine the percentage of shares remaining subject to the Restricted Share Award after any adjustment for the Performance Condition specified in

 
Section 4 that shall be forfeited. For example, if the Company’s relative TSR is at the 40th percentile, then 33.3% of the total shares remaining subject to the Restricted Share Award shall be forfeited.

 Any non-forfeited shares held in escrow pursuant to this Section 19 shall be released upon the Compensation
Committee’s determination of the Company’s TSR shortly following the completion of the TSR Measurement Period. For the avoidance of doubt, the total number of shares that may be forfeited pursuant to this Section 19 shall be allocated
equally between the tranches scheduled to vest on each of the two vesting dates. 
 For purposes of this Restricted Share Award,
“Total Shareholder Return” or “TSR” shall be equal to the average price of a share of common stock during the thirty (30) trading days prior to and ending on the last trading day on or immediately prior to the last day of
the TSR Measurement Period less the average price of a share of common stock during the thirty (30) trading days prior to and ending on the last trading day on or immediately prior to the first day of the TSR Measurement Period, plus all
dividends payments made during the TSR Measurement Period, which are assumed to be re-invested as of the date of such dividend distribution, divided by the average price of a share of common stock during the thirty (30) trading days prior to
and ending on the last trading day on or immediately prior to the first day of the TSR Measurement Period, with all prices to be automatically proportionately adjusted as applicable in the event of a stock split, reverse stock split, combination,
consolidation, reclassification or subdivision.” 
 4.    Adjustment of Grant.    The 2011
Agreement is amended to reduce the number of shares covered thereby from 178,037 to 136,146. The 41,891 shares no longer covered by the 2011 Agreement are deemed forfeited without consideration and shall be returned to the Company. The 136,146
shares still subject to the agreement shall vest as to 50% thereof on each of the two vesting dates specified in Section 2 of the 2011 Agreement. 
 5.    Full Force and Effect.    To the extent not expressly amended hereby, the 2009 Agreement, the 2010 Agreement, 2011 Agreement and the 2012 Agreement
remain in full force and effect. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	 ROBERT HALF INTERNATIONAL INC.

		
	By	 	 
		 	         M. Keith Waddell

        President

 Participant hereby accepts and agrees to be bound by all of the terms and conditions of this
Agreement. 
  

	
	
	  
	         Harold M. Messmer, Jr.

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