Document:

TRANSITION SERVICES agreement

                                 by and between

                               TMP WORLDWIDE inc.

                                       and

                           Hudson Highland Group, Inc.

                           Dated as of March 31, 2003

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                                Table of Contents

                                                                            Page

                                    ARTICLE 1
                                   DEFINITIONS

1.01   Definitions............................................................1

                                  ARTICLE 2
                        PURCHASE AND SALE OF SERVICES

2.01   Purchase and Sale of Services..........................................2
2.02   Additional Services....................................................3

                                  ARTICLE 3
                        SERVICE COSTS; OTHER CHARGES

3.01   Service Costs Generally................................................3
3.02   Agreed Billing.........................................................4
3.03   Pass-Through Billing...................................................4
3.04   Invoicing and Settlement of Costs......................................4

                                  ARTICLE 4
                                THE SERVICES

4.01   General Standard of Service............................................5
4.02   Limitation of Liability................................................5
4.03   Indemnification of TMP by HHGI.........................................6
4.04   Indemnification of HHGI by TMP.........................................7
4.05   Notice of Certain Matters..............................................7

                                  ARTICLE 5
                            TERM AND TERMINATION

5.01   Term...................................................................8
5.02   Termination............................................................8
5.03   Effect of Termination..................................................8

                                  ARTICLE 6
                                MISCELLANEOUS

6.01   Confidential Information...............................................9
6.02   Prior Agreements.......................................................9
6.03   Future Litigation and Other Proceedings................................9
6.04   No Agency.............................................................10
6.05   Subcontractors........................................................10
6.06   Force Majeure.........................................................10
6.07   Information...........................................................10
6.08   Notices...............................................................11
6.09   Severability..........................................................11
6.10   Amendments; No Waivers................................................12
6.11   Successors and Assigns................................................12
6.12   Governing Law.........................................................12
6.13   Counterparts; Effectiveness...........................................12

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                                Table of Contents
                                   (continued)
                                                                            Page

6.14   Entire Agreement......................................................12
6.15   Jurisdiction..........................................................12
6.16   Captions..............................................................13

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                          TRANSITION SERVICES AGREEMENT

     This Transition Services Agreement (this "Agreement") is entered into as of
March 31, 2003 by and between TMP Worldwide Inc., a Delaware corporation
("TMP"), and Hudson Highland Group, Inc., a Delaware corporation ("HHGI").

                              W I T N E S S E T H:

     WHEREAS, TMP owned 100% of the outstanding common stock of HHGI prior to
the consummation of the Distribution (as defined below);

     WHEREAS, TMP will no longer own any of the outstanding common stock of HHGI
after the consummation of the Distribution; and

     WHEREAS, TMP has heretofore directly or indirectly provided certain
administrative, legal, tax and other services to the HHGI Entities (as defined
below) and HHGI has heretofore directly or indirectly provided certain
administrative and other services to the TMP Entities (as defined below).

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, TMP and HHGI, for themselves,
their successors and assigns, hereby agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

     1.01 Definitions. The following terms, as used herein, have the following
meanings:

     "Business Day" means a day other than a Saturday, Sunday or other day on
which commercial banks in New York, New York are authorized or required by law
to close.

     "Common Stock" means the common stock, par value $.001 per share, of HHGI.

     "Confidential Information" has the meaning assigned thereto in the
Distribution Agreement.

     "Distribution" has the meaning assigned thereto in the Distribution
Agreement.

     "Distribution Agreement" means the Distribution Agreement, dated as of the
date hereof, between TMP and HHGI.

     "Distribution Date" has the meaning assigned thereto in the Distribution
Agreement.

     "HHGI Entities" means HHGI and its Subsidiaries, and "HHGI Entity" shall
mean any of the HHGI Entities.

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     "HHGI Services" means the various services described in the Schedules to be
provided by HHGI Entities to TMP Entities or to be procured by HHGI Entities on
behalf of TMP Entities.

     "Person" means any individual, corporation, limited liability company,
partnership, association, trust or other entity or organization, including a
governmental or political subdivision or any agency or instrumentality thereof.

     "Schedules" means the Schedules attached hereto.

     "Service" means any HHGI Service or TMP Service, as the context may
require, and "Services" means the HHGI Services or the TMP Services, as the
context may require.

     "Subsidiary" means, with respect to any Person, any other entity of which
securities or other ownership interests having ordinary voting power to elect a
majority of the board of directors or other persons performing similar functions
are at the time directly or indirectly owned by such Person.

     "TMP Entities" means TMP and its Subsidiaries, and "TMP Entity" shall mean
any of the TMP Entities.

     "TMP Services" means the various services described in the Schedules to be
provided by TMP Entities to HHGI Entities or to be procured by TMP Entities on
behalf of HHGI Entities.

                                    ARTICLE 2
                          PURCHASE AND SALE OF SERVICES

     2.01 Purchase and Sale of Services.

          (a) On the terms and subject to the conditions of this Agreement and
     in consideration of the Service Costs described below:

               (i)   TMP agrees to provide to HHGI, or procure the provision to
          HHGI of, and HHGI agrees to purchase from TMP, the TMP Services; and

               (ii)  HHGI agrees to provide to TMP, or procure the provision to
          TMP of, and TMP agrees to purchase from HHGI, the HHGI Services.

          (b) Unless otherwise specifically agreed by TMP and HHGI, the TMP
     Services to be provided or procured by TMP hereunder shall be substantially
     similar in scope, quality, and nature to those customarily provided to, or
     procured on behalf of, HHGI prior to the Distribution Date, and the HHGI
     Services to be provided or procured by HHGI hereunder shall be
     substantially similar in scope, quality, and nature to those customarily
     provided to, or procured on behalf of, TMP prior to the Distribution Date.

          (c) It is understood that:

               (i)   TMP Services to be provided to HHGI under this Agreement
          shall, at HHGI's request, be provided to Subsidiaries of HHGI, and TMP
          may satisfy its obligation to

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          provide or procure TMP Services hereunder by causing one or more of
          its Subsidiaries to provide or procure such TMP Services;

               (ii)  HHGI Services to be provided to TMP under this Agreement
          shall, at TMP's request, be provided to Subsidiaries of TMP, and HHGI
          may satisfy its obligation to provide or procure HHGI Services
          hereunder by causing one or more of its Subsidiaries to provide or
          procure such HHGI Services;

               (iii) with respect to TMP Services provided to, or procured on
          behalf of, any Subsidiary of HHGI, HHGI agrees to pay on behalf of
          such Subsidiary all amounts payable by or in respect of such TMP
          Services pursuant to this Agreement; and

               (iv)  with respect to HHGI Services provided to, or procured on
          behalf of, any Subsidiary of TMP, TMP agrees to pay on behalf of such
          Subsidiary all amounts payable by or in respect of such HHGI Services
          pursuant to this Agreement.

     2.02 Additional Services. To the extent that TMP and HHGI may mutually
agree:

          (a)  in addition to the TMP Services to be provided or procured by TMP
     in accordance with Section 2.01, if requested by HHGI, TMP shall provide
     additional services (including services not provided by TMP to the HHGI
     Entities prior to the Distribution Date) to HHGI; and

          (b)  in addition to the HHGI Services to be provided or procured by
     HHGI in accordance with Section 2.01, if requested by TMP, HHGI shall
     provide additional services (including services not provided by HHGI to the
     TMP Entities prior to the Distribution Date) to TMP.

          The scope of any such additional services, as well as the term, costs,
and other terms and conditions applicable to such services, shall be as mutually
agreed by TMP and HHGI, and shall be reflected in an additional Schedule to this
Agreement (in substantially the form attached hereto) executed by TMP and HHGI.

                                    ARTICLE 3
                          SERVICE COSTS; OTHER CHARGES

     3.01 Service Costs Generally. The Schedules hereto indicate, with respect
to the respective Services listed therein, whether the costs to be charged to
HHGI or TMP for such Services are to be determined by (i) the agreed billing
method described in Section 3.02 ("Agreed Billing") or (ii) the pass-through
billing method described in Section 3.03 ("Pass-Through Billing"). The Agreed
Billing and Pass-Through Billing methods applicable to Services provided to HHGI
or TMP are collectively referred to herein as the "Service Costs." HHGI agrees
to pay to TMP in the manner set forth in Section 3.04 the Service Costs
applicable to each of the TMP Services provided or procured by TMP, and TMP
agrees to pay to HHGI in the manner set forth in Section 3.04 the Service Costs
applicable to each of the HHGI Services provided or procured by HHGI.

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     3.02 Agreed Billing. The costs of Services as to which the Agreed Billing
method applies shall be equal to (i) the costs described in the Schedules hereto
(it being understood that from and after the Distribution Date, such costs with
respect to TMP Services may be increased by TMP in the exercise of its
reasonable judgment, and such costs with respect to HHGI Services may be
increased by HHGI in the exercise of its reasonable judgment), plus (ii) any
applicable federal, state and local sales, use or similar taxes. Notwithstanding
the foregoing, any third-party expenses as well as out-of-pocket expenses
incurred by TMP in connection with the provision of any TMP Services as to which
the Agreed Billing method applies shall be passed through to HHGI, or incurred
by HHGI in connection with the provision of any HHGI Services as to which the
Agreed Billing method applies shall be passed through to TMP.

     3.03 Pass-Through Billing. The costs of Services as to which the
Pass-Through Billing method applies shall be equal to the aggregate amount of
third-party, out-of-pocket costs and expenses incurred by any TMP Entity on
behalf of any HHGI Entity or by any HHGI Entity on behalf of any TMP Entity
(which costs shall include, but not be limited to, the costs incurred in
connection with obtaining the consent of any party to a contract or agreement to
which, in the case of TMP Services, any TMP Entity is a party, or in the case of
HHGI Services, any HHGI Entity is a party, where such consent is related to and
reasonably required for the provision of any Service). If a TMP Entity incurs
any such costs or expenses on behalf of any HHGI Entity as well as businesses
operated by TMP, or if a HHGI Entity incurs any such costs or expenses on behalf
of any TMP Entity as well as businesses operated by HHGI, TMP (in the case of
such costs or expenses incurred by a TMP Entity) or HHGI (in the case of such
costs or expenses incurred by a HHGI Entity) shall allocate any such costs or
expenses in good faith between the various businesses on behalf of which such
costs or expenses were incurred as such party hereto shall determine in the
exercise of its reasonable judgment. Such party hereto shall apply usual and
accepted accounting conventions in making such allocations, and such party
hereto or its agents shall keep and maintain such books and records as may be
reasonably necessary to make such allocations. Such party hereto shall make
copies of such books and records available to the other party hereto upon
request and with reasonable notice.

     3.04 Invoicing and Settlement of Costs. (a) Except as otherwise provided in
the Schedules with respect to any Service, TMP shall invoice the Chief Financial
Officer of HHGI on a monthly basis (not later than the tenth day of each month)
for the Service Costs for TMP Services, and HHGI shall invoice the Chief
Financial Officer of TMP on a monthly basis (not later than the tenth day of
each month) for the Service Costs for HHGI Services. In connection with the
invoicing described in this Section 3.04(a), TMP shall provide to HHGI such
billing data and level of detail as may be reasonably requested by HHGI, and
HHGI shall provide to TMP such billing data and level of detail as may be
reasonably requested by TMP.

          (a)  Each party hereto agrees to pay on or before 30 days after the
     date on which the other party hereto invoices it for Service Costs (or the
     next Business Day, if such day is not a Business Day) (each, a "Payment
     Date"), by wire transfer of immediately available funds payable to the
     order of the invoicing party, all amounts invoiced by such invoicing party
     pursuant to Section 3.04(a) during the preceding calendar month. If the
     party receiving the invoice fails to pay any monthly payment within 30 days
     of the relevant Payment Date, such party shall be obligated to pay, in
     addition to the amount due on such Payment Date, interest on

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     such amount at the prime rate as reported in The Wall Street Journal on the
     Payment Date (or the next Business Day on which The Wall Street Journal is
     published, if such day is not a Business Day on which The Wall Street
     Journal is published) compounded monthly from the relevant Payment Date
     through the date of payment. If more than one prime rate is reported, the
     invoicing party may choose the highest rate. If The Wall Street Journal
     ceases publication or to publish the prime rate, the invoicing party may
     use the prime rate published in any other newspaper of general circulation,
     or the invoicing party may substitute a similar reference rate in its sole
     discretion.

                                    ARTICLE 4
                                  THE SERVICES

     4.01 General Standard of Service. Except as otherwise agreed by TMP and
HHGI or described in this Agreement, and provided that neither TMP nor HHGI is
restricted by contract with third parties or by applicable law, TMP and HHGI
each agree that the nature, quality, and standard of care applicable to the
delivery of the respective Services to be delivered by each of them hereunder
shall be substantially the same as that of the Services which TMP and HHGI
provide from time to time throughout their respective businesses. Subject to
TMP's and HHGI's express obligations under this Agreement, the management of and
control over the provision of the TMP Services shall reside solely with TMP, and
the management and control over the provision of the HHGI Services shall reside
solely with HHGI. Without limiting the generality of the foregoing, (i) all
labor matters relating to employees of TMP and its Subsidiaries (including,
without limitation, employees involved in the provision of TMP Services to HHGI)
shall be within the exclusive control of TMP, and no HHGI Entity shall take any
action affecting such matters, and (ii) all labor matters relating to employees
of HHGI and its Subsidiaries (including, without limitation, employees involved
in the provision of HHGI Services to TMP) shall be within the exclusive control
of HHGI, and no TMP Entity shall take any action affecting such matters.

     4.02 Limitation of Liability.

          (a)  (i)   HHGI agrees that none of the TMP Entities and their
     respective directors, officers, agents, and employees (each, a "TMP
     Indemnified Person") shall have any liability, whether direct or indirect,
     in contract or tort or otherwise, to any HHGI Entity or any other Person
     for or in connection with the TMP Services rendered or to be rendered by
     any TMP Indemnified Person pursuant to this Agreement, the transactions
     contemplated hereby or any TMP Indemnified Person's actions or inactions in
     connection with any such TMP Services or transactions, except for damages
     which have resulted from such TMP Indemnified Person's gross negligence or
     willful misconduct in connection with any such TMP Services, actions or
     inactions.

               (ii)  TMP agrees that none of the HHGI Entities and their
          respective directors, officers, agents, and employees (each, a "HHGI
          Indemnified Person") shall have any liability, whether direct or
          indirect, in contract or tort or otherwise, to any TMP Entity or any
          other Person for or in connection with the HHGI Services rendered or
          to be rendered by any HHGI Indemnified Person pursuant to this
          Agreement, the transactions contemplated hereby or any HHGI
          Indemnified Person's

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          actions or inactions in connection with any such HHGI Services or
          transactions, except for damages which have resulted from such HHGI
          Indemnified Person's gross negligence or willful misconduct in
          connection with any such HHGI Services, actions or inactions.

          (b)  Notwithstanding the provisions of Section 4.02(a), none of the
     TMP Entities shall be liable for any special, indirect, incidental, or
     consequential damages of any kind whatsoever (including, without
     limitation, attorneys' fees) in any way due to, resulting from or arising
     in connection with any of the TMP Services or the performance of or failure
     to perform TMP's obligations under this Agreement, and none of the HHGI
     Entities shall be liable for any special, indirect, incidental, or
     consequential damages of any kind whatsoever (including, without
     limitation, attorneys' fees) in any way due to, resulting from or arising
     in connection with any of the HHGI Services or the performance of or
     failure to perform HHGI's obligations under this Agreement. This disclaimer
     applies without limitation (i) to claims arising from the provision of the
     TMP Services (in the case of a claim against TMP) or the HHGI Services (in
     the case of a claim against HHGI) or any failure or delay in connection
     therewith; (ii) to claims for lost profits; (iii) regardless of the form of
     action, whether in contract, tort (including negligence), strict liability,
     or otherwise; and (iv) regardless of whether such damages are foreseeable
     or whether TMP (in the case of a claim against TMP) or HHGI (in the case of
     a claim against HHGI) has been advised of the possibility of such damages.

          (c)  In addition to the foregoing, HHGI agrees that it shall, in all
     circumstances, use commercially reasonable efforts to mitigate and
     otherwise minimize its damages and those of the other HHGI Entities,
     whether direct or indirect, due to, resulting from or arising in connection
     with any failure by TMP to comply fully with its obligations under this
     Agreement, and TMP agrees that it shall, in all circumstances, use
     commercially reasonable efforts to mitigate and otherwise minimize its
     damages and those of the other TMP Entities, whether direct or indirect,
     due to, resulting from or arising in connection with any failure by HHGI to
     comply fully with its obligations under this Agreement.

          (d)  Notwithstanding the foregoing provisions of this Section 4.02,
     (i) in the event of a substantial and continuing failure on the part of TMP
     to provide or procure any material TMP Services, where such failure is
     reasonably expected to have a material adverse effect on HHGI and its
     Subsidiaries, considered as a whole, HHGI shall be entitled to seek
     specific performance to cause TMP to provide or procure such TMP Services,
     and (ii) in the event of a substantial and continuing failure on the part
     of HHGI to provide or procure any material HHGI Services, where such
     failure is reasonably expected to have a material adverse effect on TMP and
     its Subsidiaries, considered as a whole, TMP shall be entitled to seek
     specific performance to cause HHGI to provide or procure such HHGI
     Services.

     4.03 Indemnification of TMP by HHGI. HHGI agrees to indemnify and hold
harmless each TMP Indemnified Person from and against any damages, and to
reimburse each TMP Indemnified Person for all reasonable expenses as they are
incurred (i) in investigating, preparing, pursuing, or defending any claim,
action, proceeding, or investigation, whether or not in connection with pending
or threatened litigation and whether or not any TMP Indemnified Person is a
party (collectively, "TMP Actions"), arising out of or in connection with TMP
Services rendered or to be rendered by any TMP Indemnified Person pursuant to
this Agreement, the transactions contemplated hereby or any TMP Indemnified
Person's actions or inactions in

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connection with any such TMP Services or transactions; provided that HHGI shall
not be responsible for any damages of any TMP Indemnified Person that have
resulted from such TMP Indemnified Person's gross negligence or willful
misconduct in connection with any of the advice, actions, inactions, or Services
referred to above (it being understood and agreed that the provision by any TMP
Entity of any of the TMP Services contemplated by the Schedules hereof without
obtaining the consent of any party to any contract or agreement to which any TMP
Entity is a party as of the date hereof shall not constitute gross negligence or
willful misconduct by any TMP Entity; provided that the relevant TMP Entity has
used commercially reasonable efforts to obtain the relevant consent), and (ii)
in investigating, preparing, or defending any HHGI Action (as defined below),
arising out of the gross negligence or willful misconduct of any HHGI
Indemnified Person in connection with the HHGI Services rendered or to be
rendered pursuant to this Agreement.

     4.04 Indemnification of HHGI by TMP. TMP agrees to indemnify and hold
harmless each HHGI Indemnified Person from and against any damages, and to
reimburse each HHGI Indemnified Person for all reasonable expenses as they are
incurred (i) in investigating, preparing, pursuing, or defending any claim,
action, proceeding, or investigation, whether or not in connection with pending
or threatened litigation and whether or not any HHGI Indemnified Person is a
party (collectively, "HHGI Actions"), arising out of or in connection with HHGI
Services rendered or to be rendered by any HHGI Indemnified Person pursuant to
this Agreement, the transactions contemplated hereby or any HHGI Indemnified
Person's actions or inactions in connection with any such HHGI Services or
transactions; provided that TMP shall not be responsible for any damages of any
HHGI Indemnified Person that have resulted from such HHGI Indemnified Person's
gross negligence or willful misconduct in connection with any of the advice,
actions, inactions, or HHGI Services referred to above (it being understood and
agreed that the provision by any HHGI Entity of any of the HHGI Services
contemplated by Schedules hereof without obtaining the consent of any party to
any contract or agreement to which any HHGI Entity is a party as of the date
hereof shall not constitute gross negligence or willful misconduct by any HHGI
Entity; provided that the relevant HHGI Entity has used commercially reasonable
efforts to obtain the relevant consent), and (ii) in investigating, preparing,
or defending any TMP Action, arising out of the gross negligence or willful
misconduct of any TMP Indemnified Person in connection with the TMP Services
rendered or to be rendered pursuant to this Agreement.

     4.05 Notice of Certain Matters. If either party hereto at any time believes
that the other party hereto is not in full compliance with its obligations under
Section 4.01 of this Agreement, it shall so notify the other party in writing
promptly (but not later than 30 days) after becoming aware of such possible
non-compliance by the other party. Such notice (a "Non-Compliance Notice") shall
set forth in reasonable detail the basis for the notifying party's belief as
well as the notifying party's view as to the steps to be taken by the notified
party to address the possible non-compliance. For the 30 days after receipt of
such a notice, appropriate representatives of each party shall work in good
faith to develop a plan to resolve the matters referred to in the Non-Compliance
Notice. In the event such matters are not resolved through such discussions, the
notifying party may elect to terminate the notified party's obligation to
provide or procure, and its obligation to purchase, the Service or Services
referred to in its Non-Compliance Notice in accordance with Section 5.02. In the
event such matters are resolved through such discussions

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and the notifying party does not elect to terminate such Service or Services
within 60 days of the end of the 30-day period referred to in the third sentence
of this Section 4.05, the notifying party shall not be entitled to deliver
another Non-Compliance Notice or pursue other remedies with respect to same or
any substantially similar matter so long as the notified party complies in all
material respects with the terms of such resolution. In no event shall any
termination of this Agreement pursuant to this Section 4.05 limit or affect
either party's right to seek remedies in accordance with Section 6.15 in respect
of any breach by the other party of any of its obligations under this Agreement
prior to such termination.

                                    ARTICLE 5
                              TERM AND TERMINATION

     5.01 Term. Except as otherwise provided in this Article 5, in Section 6.06,
in the Schedules hereto or as otherwise agreed in writing by the parties, (a)
this Agreement shall have a term of one year from the Distribution Date, (b)
TMP's obligation to provide or procure, and HHGI's obligation to purchase, any
TMP Service shall cease as of the applicable date set forth in the applicable
Schedule or such earlier date determined in accordance with Section 5.02 and (c)
HHGI's obligation to provide or procure, and TMP's obligation to purchase, any
HHGI Service shall cease as of the applicable date set forth in the applicable
Schedule or such earlier date determined in accordance with Section 5.02.

     5.02 Termination. (a) Except as otherwise provided in any Schedule hereto,
(i) HHGI may from time to time terminate this Agreement with respect to one or
more of the TMP Services, in whole or in part, upon giving at least 30 days'
prior notice to TMP, (ii) TMP may from time to time terminate this Agreement
with respect to one or more of the HHGI Services, in whole or in part, upon
giving at least 30 days' prior notice to HHGI and (iii) either party hereto may
terminate this Agreement at any time upon 30 days' written notice.

          (a)  TMP may terminate any TMP Service or any HHGI Service at any time
     if HHGI shall have failed to perform any of its material obligations under
     this Agreement relating to any such Service, TMP has notified HHGI in
     writing of such failure and such failure shall have continued for a period
     of 30 days after receipt of HHGI of written notice of such failure.

          (b)  HHGI may terminate any HHGI Service or any TMP Service at any
     time if TMP shall have failed to perform any of its material obligations
     under this Agreement relating to any such Service, HHGI has notified TMP in
     writing of such failure and such failure shall have continued for a period
     of 30 days after receipt of TMP of written notice of such failure.

     5.03 Effect of Termination. (a) Other than as required by law, upon
termination of any Service pursuant to Section 5.02, or upon termination of this
Agreement in accordance with its terms, the party obligated to render such
Service hereunder prior to such termination shall have no further obligation to
provide the terminated Service (or any Service, in the case of termination of
this Agreement) and the party entitled to receive such Service hereunder prior
to such termination shall have no obligation to pay any fees relating to such
Service or make any other payments hereunder; provided that notwithstanding such
termination, (i) each party hereto that received Services from the other party
hereto shall remain liable to the other party hereto for fees

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owed and payable in respect of such Services provided prior to the effective
date of the termination and (ii) the provisions of Articles 4, 5 and 6 shall
survive any such termination indefinitely.

          (b) Following termination of this Agreement with respect to any TMP
     Service, TMP and HHGI agree to cooperate in providing for an orderly
     transition of such TMP Service to HHGI or to a successor service provider.
     Following termination of this Agreement with respect to any HHGI Service,
     TMP and HHGI agree to cooperate in providing for an orderly transition of
     such HHGI Service to TMP or to a successor service provider.

                                    ARTICLE 6
                                  MISCELLANEOUS

     6.01 Confidential Information. HHGI and TMP hereby covenant and agree to
hold in trust and maintain confidential all Confidential Information relating to
the other party or any of such other party's Subsidiaries as provided in Section
6.06 of the Distribution Agreement.

     6.02 Prior Agreements. In the event there is any inconsistency between the
provisions of this Agreement, on the one hand, and provisions of prior services
agreements (other than commercial agreements entered into between any TMP Entity
and any HHGI Entity as of the Distribution Date), if any, between any TMP Entity
and any HHGI Entity (the "Prior Agreements"), on the other hand, the provisions
of this Agreement shall govern and such provisions in the Prior Agreements are
deemed to be amended so as to conform with this Agreement.

     6.03 Future Litigation and Other Proceedings. In the event that HHGI (or
any of its Subsidiaries or any of its or their officers or directors) or TMP (or
any of its Subsidiaries or any of its or their officers or directors) at any
time after the date hereof initiates or becomes subject to any litigation or
other proceedings before any governmental authority or arbitration panel with
respect to which the parties have no prior agreements (as to indemnification or
otherwise), the party (and its Subsidiaries and its and their officers and
directors) that has not initiated and is not subject to such litigation or other
proceedings shall comply, at the other party's reasonable expense, with any
reasonable requests by the other party for assistance in connection with such
litigation or other proceedings (including by way of provision of information
and making available of employees as witnesses). In the event that HHGI (or any
of its Subsidiaries or any of its or their officers or directors) and TMP (or
any of its Subsidiaries or any of its or their officers or directors) at any
time after the date hereof initiate or become subject to any litigation or other
proceedings before any governmental authority or arbitration panel with respect
to which the parties have no prior agreements (as to indemnification or
otherwise), each party (and its officers and directors) shall, at their own
expense, coordinate their strategies and actions with respect to such litigation
or other proceedings to the extent such coordination would not be detrimental to
their respective interests and shall comply, at the reasonable expense of the
requesting party, with any reasonable requests of the other party for assistance
in connection therewith (including by way of provision of information and making
available of employees as witnesses).

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     6.04 No Agency. Nothing in this Agreement shall constitute or be deemed to
constitute a partnership or joint venture between the parties hereto or
constitute or be deemed to constitute any party the agent or employee of the
other party for any purpose whatsoever and neither party shall have authority or
power to bind the other or to contract in the name of, or create a liability
against, the other in any way or for any purpose.

     6.05 Subcontractors. Either party hereto may hire or engage one or more
subcontractors to perform all or any of its obligations under this Agreement;
provided that, subject to Section 4.02, TMP shall in all cases remain primarily
responsible for all obligations undertaken by it in this Agreement with respect
to the scope, quality and nature of the TMP Services and HHGI shall in all cases
remain primarily responsible for all obligations undertaken by it in this
Agreement with respect to the scope, quality and nature of the HHGI Services.

     6.06 Force Majeure. (a) For purposes of this Section, "Force Majeure" means
an event beyond the control of either party, which by its nature could not have
been foreseen by such party, or, if it could have been foreseen, was
unavoidable, and includes without limitation, acts of God, storms, floods,
riots, fires, sabotage, civil commotion or civil unrest, interference by civil
or military authorities, acts of war (declared or undeclared) and failure of
energy sources.

          (a)  Without limiting the generality of Section 4.02(a), neither party
     shall be under any liability for failure to fulfill any obligation under
     this Agreement, so long as and to the extent to which the fulfillment of
     such obligation is prevented, frustrated, hindered, or delayed as a
     consequence of circumstances of Force Majeure; provided that such party
     shall have exercised all due diligence to minimize to the greatest extent
     possible the effect of Force Majeure on its obligations hereunder.

          (b)  Promptly on becoming aware of Force Majeure causing a delay in
     performance or preventing performance of any obligations imposed by this
     Agreement (and termination of such delay), the party affected shall give
     written notice to the other party giving details of the same, including
     particulars of the actual and, if applicable, estimated continuing effects
     of such Force Majeure on the obligations of the party whose performance is
     prevented or delayed. If such notice shall have been duly given, and actual
     delay resulting from such Force Majeure shall be deemed not to be a breach
     of this Agreement, and the period for performance of the obligation to
     which it relates shall be extended accordingly; provided that if Force
     Majeure results in the performance of a party being delayed by more than 60
     days, the other party shall have the right to terminate this Agreement with
     respect to any Service affected by such delay forthwith by written notice.

     6.07 Information. Subject to applicable law and privileges, each party
hereto covenants and agrees to provide the other party with all information
regarding itself and transactions under this Agreement that the other party
reasonably believes are required to comply with all applicable federal, state,
county and local laws, ordinances, regulations and codes, including, but not
limited to, securities laws and regulations.

                                       10
<PAGE>

     6.08 Notices. All notices and other communications to any party hereunder
shall be in writing (including facsimile or similar writing) and shall be deemed
given when received addressed as follows:

                     If to TMP, to:

                     TMP Worldwide Inc.
                     622 Third Avenue, 39th Floor
                     New York, New York  10017
                     Facsimile:  (917) 256-8026
                     Attention:  Andrew J. McKelvey

                     With a copy to:

                     TMP Worldwide Inc.
                     622 Third Avenue, 39th Floor
                     New York, New York  10017
                     Facsimile:  (917) 256-8526
                     Attention:  Myron Olesnyckyj

                     Fulbright & Jaworski L.L.P.
                     666 Fifth Avenue
                     New York, New York  10103
                     Facsimile: (212) 318-3400
                     Attention: Gregg J. Berman, Esq.

                     If to HHGI, to:

                     Hudson Highland Group, Inc.
                     622 Third Avenue, 38th Floor
                     New York, New York  10017
                     Facsimile:  (917) 256-8403
                     Attention:  Jon F. Chait

                     With a copy to:

                     Hudson Highland Group, Inc.
                     225 West Wacker Drive, Suite 2100
                     Chicago, Illinois  60606
                     Facsimile:  (312) 782-1743
                     Attention:  Latham Williams

Any party may, by written notice so delivered to the other parties, change the
address to which delivery of any notice shall thereafter be made.

     6.09 Severability. If any provision of this Agreement shall be invalid or
unenforceable, such invalidity or unenforceability shall not render the entire
Agreement invalid.

                                       11
<PAGE>

Rather, the Agreement shall be construed as if not containing the particular
invalid or unenforceable provision, and the rights and obligations of each party
shall be construed and enforced accordingly.

     6.10 Amendments; No Waivers.

          (a)  Any provision of this Agreement may be amended or waived if, and
     only if, such amendment or waiver is in writing and signed, in the case of
     an amendment, by TMP and HHGI, or in the case of a waiver, by the party
     against whom the waiver is to be effective.

          (b)  No failure or delay by any party in exercising any right, power
     or privilege hereunder shall operate as a waiver thereof nor shall any
     single or partial exercise thereof preclude any other or further exercise
     thereof or the exercise of any other right, power or privilege. The rights
     and remedies herein provided shall be cumulative and not exclusive of any
     rights or remedies provided by law.

     6.11 Successors and Assigns. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns; provided that neither party may assign, delegate or
otherwise transfer any of its rights or obligations under this Agreement without
the consent of the other parties hereto.

     6.12 Governing Law. This Agreement shall be construed in accordance with
and governed by the law of the State of New York, without regard to the
conflicts of laws rules thereof.

     6.13 Counterparts; Effectiveness. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. This
Agreement shall become effective when each party hereto shall have received a
counterpart hereof signed by the other parties hereto.

     6.14 Entire Agreement. This Agreement (including the Schedules constituting
a part of this Agreement) constitutes the entire understanding of the parties
with respect to the subject matter hereof and supersedes all prior agreements,
understandings and negotiations, both written and oral, between the parties with
respect to the subject matter hereof. Neither this Agreement nor any provision
hereof is intended to confer upon any Person other than the parties hereto any
rights or remedies hereunder.

     6.15 Jurisdiction. Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this
Agreement or the transactions contemplated hereby shall be brought only in the
United States District Court for the Southern District of New York or any other
New York State court sitting in New York County, and each of the parties hereby
consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives,
to the fullest extent permitted by law, any objection which it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or that any such suit, action or proceeding which is brought
in any such court has been brought in an inconvenient forum. Process in any such
suit, action or proceeding may be served on any party anywhere in the

                                       12
<PAGE>

world, whether within or without the jurisdiction of any such court. Without
limiting the foregoing, each party agrees that service of process on such party
as provided in Section 6.08 shall be deemed effective service of process on such
party.

     6.16 Captions. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation
hereof.

                                       13
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Transition Services
Agreement to be duly executed by their respective authorized officers as of the
date first above written.

                                           TMP WORLDWIDE INC.

                                           By:    /s/ Andrew J. McKelvey
                                                  ----------------------------
                                           Name:  Andrew J. McKelvey
                                           Title: Chairman and CEO

                                           HUDSON HIGHLAND GROUP, INC.

                                           By:    /s/ Jon F. Chait
                                                  ----------------------------
                                           Name:  Jon F. Chait
                                           Title: Chairman, President and CEO

                                       14
<PAGE>

                             Schedules for Services
                      Effective as of the Distribution Date

Schedule #       Service Provider                    Functional Area
----------       ----------------                    ---------------
    1                TMP/HHGI                         Tax services
    2                  TMP                           Legal services
    3                TMP/HHGI                    Information technology
    4                  TMP                              Insurance
    5                  HHGI               Accounting, payroll & administrative
    6                  HHGI                            Facilities
    7                  HHGI                      Information technology
    8                  TMP                     Insurance, human resources,
                                               workplace health and safety
    9                  TMP              Secretarial, property and administrative
    10                 TMP                             Facilities
    11                 TMP                         Accounting services
    12                 TMP                             Facilities
    13                 TMP                             Facilities
    14                 TMP                       Information technology
    15                 TMP                         Accounting services
    16                 TMP                           Legal services
    17                 HHGI                             Insurance
    18                 HHGI                          Human resources
    19                 TMP                           Legal services

The Schedules to this Agreement have been omitted. The Schedules to this
Agreement will be furnished to the Securities and Exchange Commission
supplementally upon request.

<PAGE>

                          TRANSITION SERVICES SCHEDULE

--------------------------------------------------------------------------------
Schedule #:

Service provider:   |_| TMP Worldwide                      |_|  Hudson Highland

Functional area:    |_| Insurance    |_| Tax Services      |_| Legal Services
                    |_| Facilities   |_| Human Resources   |_| Information
                    |_| Other (describe):                       Technology

Start/end date:

Summary of Services to be provided (describe in appropriate detail):

--------------------------------------------------------------------------------

                                      S-1

<PAGE>

--------------------------------------------------------------------------------

Estimated total Service Costs to service provider:

Describe Service Cost methodology and factors affecting total Service Costs:

Describe how Service Costs will be adjusted in the event of an increase/decrease
in Services provided:

Additional information:

--------------------------------------------------------------------------------

     IN WITNESS WHEREOF, the parties have executed and delivered the foregoing
Transition Services Schedule, which is hereby deemed incorporated into and made
part of that certain Transition Services Agreement between TMP Worldwide Inc.
and Hudson Highland Group, Inc.

Date:

                                           TMP WORLDWIDE INC.

                                           By:
                                           Name:
                                           Title:

                                           HUDSON HIGHLAND GROUP, INC.

                                           By:
                                           Name:
                                           Title:

                                      S-2TAX SEPARATION AGREEMENT

                                 by and between

                               TMP Worldwide Inc.
                       on behalf of itself and the members
                           of the TMP Worldwide Group
                                       and

                           Hudson Highland Group, Inc.
                       on behalf of itself and the members
                          of the Hudson Highland Group

                           Dated as of March 31, 2003

<PAGE>

                                TABLE OF CONTENTS

 1.  DEFINITIONS...............................................................1
 2.  ADMINISTRATIVE AND COMPLIANCE MATTERS.....................................7
     2(a) Sole Tax Sharing Agreement...........................................7
     2(b) Designation of Agent.................................................7
     2(c) Pre-Spin-Off Period Tax Returns......................................7
          2(c)(i)   Preparation of Income Tax Returns..........................7
          2(c)(ii)  Audits and Refunds.........................................8
          2(c)(iii) Delivery of Tax Packages...................................8
          2(c)(iv)  Restructuring Tax Liability................................8
     2(d) Ratable Allocation...................................................8
     2(e) Non-Income Tax Returns and Post-Spin-Off Period Returns
           of the HHGI Group...................................................8
     2(f) Short-Year Combined State Returns....................................9
 3.  TAX SHARING...............................................................9
     3(a) General..............................................................9
     3(b) Prior Years..........................................................9
     3(c) 2002 and 2003 Short-Year.............................................9
     3(d) Final Determination..................................................9
     3(e) Carrybacks and Certain Other Matters................................10
     3(f) Treatment of Adjustments and Payments...............................10
     3(g) Deductions and Certain Taxes Related to Options.....................11
 4.  CERTAIN REPRESENTATIONS AND COVENANTS....................................12
     4(a) HHGI Representations................................................12
     4(b) HHGI Covenants......................................................13
     4(c) TMP Representations.................................................14
 5.  INDEMNITIES..............................................................14
     5(a) HHGI Indemnity......................................................14
     5(b) TMP Indemnity.......................................................15
     5(c) Discharge of Indemnity..............................................16
     5(d) Tax Benefits........................................................17
 6.  PERFORMANCE..............................................................17
 7.  COMMUNICATION AND COOPERATION............................................18
     7(a) Consult and Cooperate...............................................18
     7(b) Provide Information.................................................18
     7(c) Tax Attribute Matters...............................................18
 8.  AUDITS AND CONTEST.......................................................18
 9.  PAYMENTS.................................................................19
10.  NOTICES..................................................................19
11.  COSTS AND EXPENSES.......................................................20
12.  EFFECTIVENESS; TERMINATION AND SURVIVAL..................................20
13.  SECTION HEADINGS.........................................................21

                                       i
<PAGE>

                                TABLE OF CONTENTS
                                   (Continued)

14.  ENTIRE AGREEMENT; AMENDMENTS AND WAIVERS.................................21
     14(a)  Entire Agreement..................................................21
     14(b)  Amendments and Waivers............................................21
15.  GOVERNING LAW AND INTERPRETATION.........................................21
16.  DISPUTE RESOLUTION.......................................................21
17.  COUNTERPARTS.............................................................21
18.  ASSIGNMENTS; THIRD PARTY BENEFICIARIES...................................21
19.  SEVERABILITY.............................................................22
20.  SETOFF...................................................................22
21.  FURTHER ASSURANCES.......................................................22
22.  AUTHORIZATION, ETC.......................................................22

                                       ii
<PAGE>

                            TAX SEPARATION AGREEMENT

     This Agreement is entered into as of the 31st day of March, 2003 between
TMP Worldwide Inc. ("TMP"), a Delaware corporation, on behalf of itself and the
members of the TMP Group, and Hudson Highland Group, Inc. ("HHGI"), a Delaware
corporation, on behalf of itself and the members of the HHGI Group.

                              W I T N E S S E T H:

     WHEREAS, pursuant to the tax laws of various jurisdictions, certain members
of the HHGI Group, as defined below, will file certain tax returns on an
affiliated, consolidated, combined, unitary, fiscal unity or other group basis
(including as permitted by Section 1501 of the Internal Revenue Code of 1986, as
amended (the "Code")) with certain members of the TMP Group, for taxable periods
beginning prior to the Spin-off, as defined below;

     WHEREAS, TMP and HHGI intend to enter into a Distribution Agreement and
Ancillary Agreements providing for the consolidation of the assets and
operations of all the "Executive Search" and "eResourcing" businesses owned by
TMP and its subsidiaries and affiliates into HHGI and its subsidiaries and
affiliates;

     WHEREAS, TMP intends to distribute all of the shares of HHGI to its
shareholders (the "Spin-off"); and

     WHEREAS, TMP and HHGI desire to set forth their agreement on the rights and
obligations of TMP, HHGI and the members of the TMP Group and the HHGI Group,
respectively, with respect to the handling and allocation of federal, state,
local and foreign Taxes incurred in Taxable periods beginning prior to the
Spin-off Date, as defined below, Taxes resulting from the Restructuring, as
defined below, and various other Tax matters.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the parties agree as follows:

     1.   DEFINITIONS

          (a)  As used in this Agreement:

          "2003 Short Year" shall mean the short taxable year beginning on the
     first day of HHGI's first taxable period in 2003 and ending on the Spin-off
     Date.

          "Affiliate" of any Person shall mean (i) any individual, corporation,
     partnership or other entity directly or indirectly owning more than 50
     percent (by vote or value) of,

                                       1
<PAGE>

     owned more than 50 percent (by vote or value) by, or under more than 50
     percent (by vote or value) common ownership with, such Person, and (ii) any
     entity that is entitled to the benefit of any Tax Asset of such Person
     under applicable law, any entity with any Tax Asset to which such Person is
     entitled to the benefit of under applicable law, or any entity which is
     entitled or required to transfer or assign income, revenues, receipts, or
     gains to such Person under applicable law.

          "After-Tax Amount" shall mean an additional amount necessary to
     reflect the hypothetical Tax consequences of the receipt or accrual of any
     payment, using the maximum statutory rate (or rates, in the case of an item
     that affects more than one Tax) applicable to the recipient of such payment
     for the relevant year, reflecting for example, the effect of the deductions
     available for interest paid or accrued and for Taxes such as state and
     local income Taxes.

          "Ancillary Agreement" shall have the meaning assigned to it in the
     Distribution Agreement.

          "Consolidated Group" shall mean the HHGI Group, the TMP Group and the
     TMP Consolidated Group.

          "Distribution Agreement" shall mean the Distribution Agreement, dated
     as of the date hereof, between TMP and HHGI.

          "Executive Search Business" shall mean any business activity
     associated with counseling and assisting companies worldwide in the
     recruitment of high-level executives, normally vice-president and above,
     including CEOs, COOs, CFOs and board members, as well as operations and
     staff positions, as determined by the TMP Vice President - Taxes, in
     accordance with past practices.

          "eResourcing Business" shall mean any business activity associated
     with assisting companies around the world in finding suitable employees in
     the mid-market selection and temporary contracting industry, excluding any
     business activity associated with the selection process through the use of
     interactive media and on-line databases, as determined by the TMP Vice
     President - Taxes, in accordance with past practices.

          "Federal Tax" shall mean any Tax imposed under the Code and any
     related penalty imposed under Subtitle F of the Code.

          "Final Determination" shall mean (i) with respect to Federal Taxes,
     (A) a "determination" as defined in Section 1313(a) of the Code, or (B) the
     date of acceptance by or on behalf of the IRS of Form 870-AD (or any
     successor form thereto), as a final resolution of Tax liability for any
     Taxable period, except that a Form 870-AD (or successor form thereto) that
     reserves the right of the taxpayer to file a claim for refund or the right
     of the IRS to assert a further deficiency shall not constitute a Final
     Determination with respect to the item or items so reserved; (ii) with
     respect to Taxes other than Federal Taxes, any final determination of
     liability in respect of a Tax that,

                                       2
<PAGE>

     under applicable law, is not subject to further appeal, review or
     modification through proceedings or otherwise; (iii) with respect to any
     Tax, any final disposition by reason of the expiration of the applicable
     statute of limitations or applicable foreign equivalent; or (iv) with
     respect to any Tax, the payment of Tax by TMP, HHGI, or any member of the
     TMP Group or the HHGI Group, whichever is responsible for payment of such
     Tax under applicable law, with respect to any item disallowed or adjusted
     by a Taxing Authority, provided that the provisions of Section 9 hereof
     have been complied with, or, if such section is inapplicable, that the
     party responsible under the terms of this Agreement for such Tax is
     notified by the party paying such Tax that it has determined that no action
     should be taken to recoup such disallowed item, and the other party agrees
     with such determination.

          "HHGI Group" shall mean HHGI and its Affiliates immediately after the
     Spin-off Date, including any predecessors thereto; PROVIDED, HOWEVER, that
     for purposes of determining whether an entity is a member of the HHGI
     Group, a transfer of beneficial ownership of an entity shall be treated as
     a transfer of title, regardless of whether title has actually passed;
     PROVIDED FURTHER, that to the extent that TMP or an Affiliate of any member
     of the TMP Consolidated Group conducted at least one Executive Search
     Business or eResourcing Business and at least one Non-Executive
     Search/eResourcing Business, each Executive Search Business and/or
     eResourcing Business, as applicable, shall be treated for purposes of this
     Agreement as a separate corporation that is a member of the HHGI Group,
     unless such Executive Search Business and/or eResourcing Business, as
     applicable, continues to be conducted by an Affiliate of any member of the
     TMP Group immediately after the Spin-off Date and each Non-Executive
     Search/eResourcing Business shall be treated for purposes of this Agreement
     as a separate corporation that is a member of the TMP Group; PROVIDED
     FURTHER, that if with respect to any Pre-Spin-off Period any Affiliate of
     any member of the TMP Group was involved solely in the conduct of an
     Executive Search Business or eResourcing Business, such member shall be
     treated as a member of the HHGI Group for such Pre-Spin-off Period, unless
     such Executive Search Business or eResourcing Business, as applicable,
     continues to be conducted by an Affiliate of any member of the TMP Group
     immediately after the Spin-off Date; and PROVIDED FURTHER, that if with
     respect to any Pre-Spin-off Period any Affiliate of any member of the HHGI
     Group was not involved in the conduct of an Executive Search Business or
     eResourcing Business, such member shall not be treated as a member of the
     HHGI Group for such Pre-Spin-off Period. Notwithstanding anything to the
     contrary herein, the HHGI Group shall include any entity (and any Affiliate
     thereof) that is sold by TMP or any member of the TMP Group to HHGI or any
     member of the HHGI Group prior to the Spin-off Date in connection with the
     Restructuring.

          "HHGI Tax Liability" shall mean, with respect to any Taxable period
     and subject to Sections 3(e)(ii)-(iv), the HHGI Group's Tax liability for
     such Taxable period, computed as if the relevant members of the HHGI Group
     were not and never were part of the TMP Consolidated Group, but rather were
     a separate affiliated group of corporations filing a similar group Return
     (PROVIDED, HOWEVER, that transactions with any member of the TMP Group
     shall not be taken into account until the first Taxable period

                                       3
<PAGE>

     in which such transaction is required to be taken into account for Tax
     purposes under applicable law). Such computation shall be made (A) without
     regard to the income, deductions (including net operating loss and capital
     loss deductions) and credits in any year of any member of the TMP Group,
     except to the extent that a payment was made to any member of the TMP Group
     with respect thereto, (B) by taking account of any Tax Asset of the HHGI
     Group, including net operating loss and capital loss carryforwards and
     carrybacks and minimum Tax credits from earlier years of the HHGI Group,
     and with reduction for any such Tax Assets used by any member of the TMP
     Group, (C) by applying the maximum applicable statutory Tax rate in effect
     under applicable law during the relevant year, (D) reflecting the
     positions, elections and accounting methods used by the TMP Consolidated
     Group in preparing the relevant Return for the TMP Consolidated Group, (E)
     by not permitting the HHGI Group any compensation deductions attributable
     to the exercise of options to purchase stock of TMP which are held by
     employees or former employees of the HHGI Group, and (F) without regard to
     gain attributable to the recognition by TMP of any excess loss account with
     respect to the stock of HHGI or by HHGI of any excess loss account with
     respect to the stock of its subsidiaries, in each case as a result of the
     Restructuring.

          "IRS" shall mean the Internal Revenue Service.

          "LIBOR" shall be determined on the basis of the offered rates for
     deposits in U.S. Dollars for a period of 30 days that appear on the Reuters
     Screen LIBOR Page as of 11:00 a.m., London time. If at least two rates
     appear on the Reuters Screen LIBOR Page, the rate will be the arithmetic
     mean of such rates.

          "Non-Executive Search/eResourcing Business" shall mean any business
     activity other than an Executive Search Business and/or an eResourcing
     Business.

          "Person" shall have the meaning ascribed to it in Section 7701(a)(1)
     of the Code.

          "Post-Spin-off Period" shall mean (i) any Taxable period (or portion
     thereof) beginning after the close of business on the Spin-off Date and
     (ii) with respect to a Taxable period that begins before and ends after the
     Spin-off Date, the portion of such Taxable period that commences on the day
     immediately after the Spin-off Date.

          "Pre-Spin-off Period" shall mean (i) any Taxable period ending on or
     before the close of business on the Spin-off Date and (ii) with respect to
     a Taxable period that begins before and ends after the Spin-off Date, the
     portion of such Taxable period ending on and including the Spin-off Date.

          "Prime" shall mean the rate announced from time to time as "prime" as
     reported in the Wall Street Journal's Money Rates table as its prime rate
     with respect to the applicable currency.

          "Restructuring" shall mean the Spin-off, all transactions effected by
     the Spin-off and all transactions occurring in connection with the
     Spin-off; including, but not limited

                                       4
<PAGE>

     to, any transaction contemplated by the Distribution Agreement or any
     Ancillary Agreement.

          "Return" shall mean any Tax return, statement, report, form, election,
     claim or surrender (including estimated Tax returns and reports, extension
     requests and forms, and information returns and reports) required to be
     filed with any Taxing Authority.

          "Spin-off" shall mean the distribution of all the HHGI common stock by
     TMP to its shareholders.

          "Spin-off Date" shall mean the date of closing of the Spin-off.

          "Tax" (and the correlative meaning, "Taxes," "Taxing" and "Taxable")
     shall mean (A) any net income, gross income, gross receipts, alternative or
     add-on minimum, sales, use, business and occupation, value-added, trade,
     goods and services, ad valorem, franchise, profits, license, business
     royalty, withholding, payroll, employment, capital, excise, transfer,
     recording, severance, stamp, occupation, premium, property, asset, real
     estate, acquisition, environmental, custom duty, or other tax, governmental
     fee or other like assessment or charge of any kind whatsoever, including
     applicable foreign, together with any interest and any penalty, addition to
     tax or additional amount imposed by a Taxing Authority; (B) any liability
     of a member of the TMP Group or the HHGI Group, as the case may be, for the
     payment of any amounts of the type described in clause (A) for any Taxable
     period resulting from such member being a part of a Consolidated Group
     pursuant to the application of Treasury Regulation Section 1.1502-6 or any
     similar provision applicable under state, local or foreign law; or (C)
     except as otherwise provided in the Distribution Agreement, any liability
     of a member of the TMP Group or the HHGI Group for the payment of any
     amounts described in clause (A) as a result of any express or implied
     obligation to indemnify any other party.

          "Tax Asset" shall mean any net operating loss, net capital loss,
     investment Tax credit, foreign Tax credit, target jobs Tax credit, low
     income housing credit, research and experimentation credit, charitable
     deduction, or any other loss, credit or Tax attribute, including additions
     to basis of property and attributes which reduce or offset value-added Tax
     liability, which could reduce any Tax (domestic or foreign), including,
     without limitation, deductions, credits, or alternative minimum net
     operating loss carryforwards related to alternative minimum Taxes.

          "Tax Benefit" shall mean an amount derived with respect to a Tax Asset
     that is equal to the excess of (A) the amount of Federal Taxes, Foreign
     Taxes, or State or Local Combined Income Taxes, as the case may be, that
     would have been payable by the recipient of the Tax Benefit without the use
     of a Tax Asset (including, but not limited to, a carryback, carryforward,
     or reattribution of the Tax Asset), over (B) the amount of Federal Taxes,
     Foreign Taxes or State or Local Combined Income Taxes, as the case may be,
     actually payable by such recipient. In the case of a tax refund arising out
     of the use of a Tax Asset, the Tax Benefit shall be equal to the amount of
     the refund that was actually

                                       5
<PAGE>

     received over the amount of the refund that would have been received in the
     absence of such Tax Asset.

          "Tax Item" shall mean any item of income, gain, loss, deduction or
     credit, or other attribute that may have the effect of increasing or
     decreasing any Tax.

          "Tax Packages" shall mean one or more packages of information that are
     (i) reasonably necessary for the purpose of preparing Returns of any
     Consolidated Group with respect to a Pre-Spin-off Period and (ii) completed
     in all material respects in accordance with the standards that TMP has
     established for its subsidiaries with respect to the relevant Pre-Spin-off
     Period.

          "Tax Proceeding" shall mean any Tax audit, dispute or proceeding
     (whether administrative or judicial).

          "Taxing Authority" shall mean any governmental authority (domestic or
     foreign), including, without limitation, any state, municipality, political
     subdivision or governmental agency, responsible for the imposition of any
     Tax.

          "TMP Consolidated Group" shall mean with respect to any Taxable
     period, TMP and its Affiliates (including their predecessors and
     successors), including those Affiliates comprising the HHGI Group.

          "TMP Group" shall mean, with respect to any Taxable period, TMP and
     its Affiliates (including their predecessors and successors) other than
     those Affiliates comprising the HHGI Group.

          "TMP Tax Liability" shall mean, with respect to any Taxable period and
     subject to Sections 3(e)(ii)-(iv), the TMP Group's Tax liability for such
     Taxable period, computed as if the relevant members of the TMP Group were
     not and never were part of the TMP Consolidated Group, but rather were a
     separate affiliated group of corporations filing a similar group Return
     (PROVIDED, HOWEVER, that transactions with any member of the HHGI Group
     shall not be taken into account until the first Taxable period in which
     such transaction is required to be taken into account for Tax purposes
     under applicable law). Such computation shall be made (A) without regard to
     the income, deductions (including net operating loss and capital loss
     deductions) and credits in any year of any member of the HHGI Group, except
     to the extent that a Tax Asset of any member of the HHGI Group was used to
     reduce the TMP Group Tax Liability, (B) by taking account of any Tax Asset
     of the TMP Group, including net operating loss and capital loss
     carryforwards and carrybacks and minimum Tax credits from earlier years of
     the TMP Group, and without reduction for any such Tax Assets used by any
     member of the HHGI Group, (C) by applying the maximum applicable statutory
     Tax rate in effect under applicable law during the relevant year, (D)
     reflecting the positions, elections and accounting methods used by the
     Consolidated Group in preparing the relevant Return for the Consolidated
     Group and (E) by taking into account any compensation deductions in
     accordance with Section 3(g) hereof.

                                       6
<PAGE>

          "TMP Vice President-Tax" shall include any successor position or
     title; PROVIDED, HOWEVER, that if such successor position or title does not
     have responsibility for Tax matters, then the most senior position or title
     that has responsibility for Tax matters shall be substituted for the TMP
     Vice President-Tax in this Agreement.

          (b) Any term used in this Agreement which is not defined in this
     Agreement shall, to the extent the context requires, have the meaning
     assigned to it in the Code or the applicable Treasury regulations
     thereunder (as interpreted in administrative pronouncements and judicial
     decisions) or in comparable provisions of applicable law.

     2.   ADMINISTRATIVE AND COMPLIANCE MATTERS.

          (a)  Sole Tax Sharing Agreement. Any and all existing Tax sharing
     agreements or arrangements, written or unwritten, between any member of the
     TMP Group and any member of the HHGI Group shall be or shall have been
     terminated as of the date of this Agreement. As of the date of this
     Agreement, neither the members of the HHGI Group nor the members of the TMP
     Group shall have any further rights or liabilities thereunder, and this
     Agreement shall be the sole Tax sharing agreement between members of the
     HHGI Group and the members of the TMP Group. Notwithstanding the foregoing,
     if any such termination is not binding on any Taxing Authority, the HHGI
     Group shall hold the affected member of the TMP Group harmless against any
     adverse effect which would have been avoided if such termination had been
     given effect by such Taxing Authority.

          (b)  Designation of Agent. HHGI and each member of the HHGI Group,
     hereby irrevocably authorize TMP as its agent, coordinator, and
     administrator, for the purpose of taking any and all actions (including the
     execution of waivers of applicable statutes of limitation) necessary or
     incidental to the filing of any Return, any amended Return, or any claim
     for refund (even where an item or Tax Asset giving rise to an amended
     Return or refund claim arises in a Post-Spin-off Period), credit or offset
     of Tax or any other proceedings, and for the purpose of making payments to,
     or collecting refunds from, any Taxing Authority, in each case relating
     only to any Pre-Spin-off Period.

          (c)  Pre-Spin-Off Period Returns.

               (i)   Preparation of Income Tax Returns. TMP will prepare and
          file, with the assistance of HHGI Group, all Returns of TMP
          Consolidated Group and all Separate Income Tax Returns of any member
          of that group for all Pre-Spin-off Periods. TMP shall have the right
          with respect to such Returns to determine (A) the manner in which such
          returns, documents or statements shall be prepared and filed,
          including, without limitation, the manner in which Tax Items shall be
          reported; (B) whether any extensions should be requested, and (C) the
          elections that will be made by any member of TMP Group or HHGI Group.

                                       7
<PAGE>

               (ii)  Audits and Refunds. With respect to all Returns of TMP
          Consolidated Group and all Separate Income Tax Returns of any member
          of that group for all Pre-Spin-off Periods, except as otherwise
          provided in Section 8, TMP shall have the right to (i) contest,
          compromise or settle any adjustment or deficiency proposed, asserted
          or assessed as a result of any audit of any Return, (ii) file,
          prosecute, compromise or settle any claim for refund, (iii) determine
          whether any refunds to which a Consolidated Group may be entitled
          shall be received by way of refund or credited against the Tax
          liability of such Group and (iv) determine whether a deposit will be
          made with a Taxing Authority to stop the running of interest.

               (iii) Delivery of Tax Packages. With respect to the 2002 and 2003
          Tax years, HHGI and the members of the HHGI Group shall prepare and
          deliver to TMP all Tax Packages no later than 90 days prior to the due
          date of such Returns taking into account duly filed extensions of
          time.

               (iv)  Restructuring Tax Liability. To the extent that any Return
          for a Pre-Spin-off Period reflects any transaction effected in
          connection with the Restructuring, TMP shall have complete discretion
          in determining the amount of any Tax liability resulting from the
          Restructuring that will be shown on such Return. For the purpose of
          exercising such discretion, any such Return that is filed by a member
          of the HHGI Group shall be submitted by such member of the HHGI Group
          to TMP (together with any relevant schedules, statements and, to the
          extent requested by TMP, supporting documentation) at least 45 days
          prior to the due date (including extensions) of such Return. To the
          extent necessary to determine the amount of any Tax liability
          resulting from the Restructuring which will be shown on such Return,
          TMP shall have the right to review all work papers and procedures used
          to prepare such Return. If, within 10 business days after delivery of
          any such Return, TMP objects to the amount of any Tax liability shown
          on such Return and resulting from the Restructuring, the Return shall
          be adjusted in the manner TMP deems appropriate and as so adjusted
          shall be binding upon the parties without further adjustment.

          (d)  Ratable Allocation. TMP may, at its option, elect and HHGI will
     join TMP (if necessary) in electing to ratably allocate items (other than
     extraordinary items) of the HHGI Group in accordance with relevant
     provisions of Treasury Regulation Section 1.1502-76. If TMP exercises its
     option to make the election, each member of the HHGI Group will provide a
     statement stating its consent to such election as required under the
     regulations.

          (e)  Non-Income Tax Returns and Post-Spin-Off Period Returns of the
     HHGI Group. HHGI shall be solely responsible for the preparation and filing
     of (i) Income Tax Returns of the HHGI Group for all Post-Spin-off Periods
     and the separate Foreign, State and Local Returns of HHGI and any member of
     the HHGI Group, if any, for all Tax periods that end after the Spin-off
     Date and (ii) the Returns of HHGI Group for Non-Income Taxes for any tax
     period.

                                       8
<PAGE>

          (f)  Short-Year Combined State Returns. TMP and HHGI agree that State
     or Local Returns in which a member of the HHGI Group files such Return with
     a member of the TMP Group on a consolidated, combined or unitary basis and
     which was filed for Tax periods beginning prior to the Spin-off Date, will
     reflect a short taxable year for HHGI ending on the Spin-off Date in any
     state or local taxing jurisdiction in which such tax year is allowed by
     administrative practice, whether or not required by law.

     3.   TAX SHARING.

          (a)  General. Any Return filed by TMP or a member of the TMP Group
     prior to the Spin-off Date that reflected the income, assets or operations
     of an Executive Search Business or an eResourcing Business shall be treated
     as required to be filed by the TMP Group and any payment made prior to the
     Spin-off Date with respect to such Return shall be treated as having been
     made by the TMP Group. Any Return filed by HHGI or a member of the HHGI
     Group prior to the Spin-off date that reflected the income, assets or
     operations of a Non-Executive Search/eResourcing Business shall be treated
     as required to be filed by the HHGI Group and any payment made prior to the
     Spin-off date with respect to such Return shall be treated as having been
     made by the HHGI Group.

          (b)  Prior Years. Except as otherwise provided in Section 3(d)-(g),
     for all Taxable periods of TMP Consolidated Group, for which a Return has
     been filed on the date of the Spin-off, during which the Tax Asset of the
     HHGI Group or TMP Group, as appropriate, was included in a Return of such
     Consolidated Group and the Tax Asset resulted in a reduction of Taxes,
     neither the HHGI Group nor the TMP Group, as appropriate, is obligated to
     pay the HHGI Group or the TMP Group, as appropriate, for the Tax Benefit of
     the use of the Tax Asset in such Return.

          (c)  2002 and 2003 Short Year. Except as otherwise provided in Section
     3(d)-(g), for the calendar year 2002 and the 2003 Short Year of the TMP
     Consolidated Group, for which a Return will be filed subsequent to the date
     of the Spin-off, during which the Tax Asset of the HHGI Group or the TMP
     Group, as applicable, may be included in a Return of such Consolidated
     Group and the Tax Asset will result in a reduction of Taxes, neither the
     HHGI Group or the TMP Group, as applicable, will be obligated to pay the
     HHGI Group or the TMP Group, as applicable, for the Tax benefit of the use
     of the Tax Asset in such Return.

          (d)  Final Determination. If the Final Determination of the TMP Tax
     Liability with respect to any Consolidated Group reflects a Tax Asset that
     was not used to reduce the Tax liability of the TMP Group, but may under
     applicable law be used to reduce the Tax liability of the HHGI Group for
     any Tax period, HHGI shall pay to TMP the actual Tax saving produced by
     such Tax Asset within 30 days after such Tax saving is claimed on a Return,
     and the future Returns of the HHGI Group shall be adjusted to reflect such
     use. The amount of any such Tax saving for any Tax period shall be the

                                       9
<PAGE>

     amount of the reduction in Taxes payable to a Taxing Authority (or the
     increase in any Tax refund) with respect to such period as compared to the
     Taxes that would have been payable to a Taxing Authority (or the Tax refund
     that would have been received) by the Consolidated Group with respect to
     such period in the absence of such Tax Asset.

          (e)  Carrybacks and Certain Other Matters.

               (i)   HHGI and each member of the HHGI Group agrees not to carry
          back any Tax Asset of the HHGI Group from a Post-Spin-off Period
          without the advance written consent of TMP. If TMP consents to such
          carryback, TMP shall not be obligated to pay to HHGI or any member of
          the HHGI Group the Tax Benefit received by TMP Consolidated Group from
          the use in any Pre-Spin-Off Period of a carryback of any Tax Asset of
          HHGI Group from a Post-Spin-Off Period.

               (ii)  Notwithstanding the definitions of HHGI Tax Liability or
          TMP Tax Liability or any other provision in this Agreement, any loss
          recognized upon any sale to any member of the TMP Consolidated Group
          of any Executive Search Business or eResourcing Business from a
          Pre-Spin-Off Period, or any Tax Asset used in an Executive Search
          Business and/or eResourcing Business from a Pre-Spin-Off Period, shall
          be treated as a Tax Asset of the TMP Group.

               (iii) Notwithstanding the definitions of HHGI Tax Liability or
          TMP Tax Liability or any other provision in this Agreement, any Tax
          Asset or refund of Tax resulting from the matters relating to the UK
          Inland Revenue Thin Capitalization examination shall be treated as a
          Tax Asset of, or a refund of Tax attributable to, the TMP Group,
          respectively.

               (iv)  Notwithstanding the definitions of HHGI Tax Liability or
          TMP Tax Liability or any other provision in this Agreement, any Tax
          Asset or refund of Tax resulting from the sale or transfer of the
          stock or assets of the European restructurings, in accordance with the
          Distribution and Ancillary Agreements, shall be treated as a Tax Asset
          of, or a refund of Tax attributable to, the TMP Group, respectively.

          (f)  Treatment of Adjustments and Payments.

               (i)   Responsibility for Payment. Except as provided in
          paragraph (f)(ii)-(iv) or in Section 9, TMP shall be responsible for
          any payment due to any taxing authority as a result of an audit
          adjustment to any Income Tax Return which relates solely to a
          Pre-Spin-off Period. HHGI shall be responsible for any payment due to
          any taxing authority as a result of an adjustment to any Return of
          HHGI Group which relates solely to a Post-Spin-off period. In the case
          of any adjustment not covered in the preceding sentence, TMP Vice
          President-Tax shall determine the amount to be paid by each party in a
          manner consistent with the principles of this Agreement and with past
          practices.

                                       10
<PAGE>

               (ii)  Timing Differences. To the extent that any audit adjustment
          of an Income Tax Return relating to a Pre-Spin-off period is
          attributable to timing differences attributable to the HHGI Group,
          HHGI shall pay to TMP an amount reflecting the timing differences. In
          the case of a Federal Return, or Foreign Return this amount shall be
          equal to the actual amount of the adjustment to TMP Consolidated Group
          Tax liability that is attributable to the timing differences, as
          determined by TMP Vice President-Tax. In the case of a Combined Income
          Tax Return or Separate Income Tax Return, the amount shall be equal to
          the difference between the tax actually due on the adjusted Return and
          the amount that would have been due on the adjusted Return had HHGI
          not been included as a member of TMP Consolidated Group, as determined
          by TMP Vice President-Tax.

               (iii) Except as provided in clause (iv) below, if any adjustment
          by reason of audit, amended return or otherwise is made with respect
          to a Return filed by a member of the TMP Group which would have
          increased the HHGI Tax Liability with respect to a Pre-Spin-off Period
          Return, then within 30 days after any member of the TMP Group makes a
          payment to a Taxing Authority or makes a deposit with a Taxing
          Authority to stop the running of interest with respect to such audit
          adjustment, the HHGI Group shall pay to the TMP Group the additional
          HHGI Tax Liability.

               (iv)  Any refunds or credits of Tax (including a return of a
          deposit described in Section 3(f)(iii)) received by a member of the
          HHGI Group relating to a Pre-Spin-off Period, to the extent
          attributable to any Tax Asset of any member of the HHGI Group shall be
          paid by the HHGI Group to the TMP Group within 30 days of receipt;
          provided that no such payment shall be required to the extent such
          refund or credit is attributable to an adjustment for which payment in
          respect thereof has previously been made pursuant to Section 3(f)(iii)
          and PROVIDED FURTHER that, in determining the extent to which a refund
          is attributable to any Tax Asset of a member of the HHGI Group, if the
          portion of any such refund represents interest with respect to Taxes
          and the items or Tax attributes to which such interest relates are not
          readily identifiable, then the TMP Vice President-Tax shall in good
          faith determine the allocation of such interest among the items and
          Tax attributes of the members of the HHGI Group.

          (g)  Deductions and Certain Taxes Related to Options. The TMP Group
     shall file Returns claiming (x) the Tax deductions attributable to the
     exercise of options to purchase stock of TMP which are held by employees or
     former employees of the HHGI Group and (y) any other similar compensation
     related Tax deductions. Accordingly, (i) the TMP Group shall be entitled to
     any such Tax deductions, (ii) the Returns of the TMP Group and the HHGI
     Group shall reflect the entitlement of the TMP Group to such deductions,
     and (iii) to the extent any such deductions are disallowed, the HHGI Group
     shall file amended Returns claiming such deductions and shall pay to the
     TMP Group an amount equal to the actual benefit received by the HHGI Group
     in respect of such deductions. If, at any time subsequent to a disallowance
     described in the immediately preceding clause (iii), the TMP Vice
     President-Tax determines that the HHGI Group shall claim all subsequent Tax
     deductions attributable to the exercise of options to purchase TMP stock
     which are held by employees or former employees of the

                                       11
<PAGE>

     HHGI Group, (i) the Returns of the TMP Group and the HHGI Group filed after
     such determination shall reflect such determination, (ii) not later than 3
     days prior to the due date of any such Return, HHGI shall notify the TMP
     Vice President-Tax of the amount of Tax deductions it intends to claim on
     such Return with respect to such options or other compensation related Tax
     deductions, and (iii) the HHGI Group shall pay to the TMP Group an amount
     equal to the actual benefit received by the HHGI Group in respect of such
     deductions. For purposes of the immediately preceding clause (i), the TMP
     Vice President-Tax will have the right to determine the amount of such Tax
     deductions that will be claimed by the HHGI Group on any such Return. For
     purposes of each of the two immediately preceding clauses (iii), the actual
     benefit shall be considered equal to the excess of the amount of Tax that
     would have been payable to a Taxing Authority (or of the Tax refund that
     would have been receivable) by the HHGI Group in the absence of such
     deduction over the amount of Tax actually payable to a Taxing Authority (or
     of the Tax refund actually received) by the HHGI Group. Payment of the
     amount referred to in the first clause (iii) of this Section 3(g) shall be
     made within 30 days of the receipt by any member of the HHGI Group of any
     refund, credit or other offset attributable thereto from the relevant
     Taxing Authority. Payment of the amount referred to in the second clause
     (iii) of this section 3(g) shall be made not later than 3 days after the
     due date of the estimated Tax payment immediately following when any member
     of the HHGI Group becomes entitled to any refund, credit or other offset
     attributable to such deduction. HHGI agrees to act as TMP's pay agent for
     purposes of administering and accounting for TMP stock options held by
     employees or former employees of the HHGI Group. In addition, upon the
     exercise of any options to purchase stock of TMP which are held by
     employees or former employees of the HHGI Group, the HHGI Group (as agent
     for the TMP Group, where applicable) shall prepare and file all applicable
     Returns, withhold and remit any required withholding under federal, state,
     local or foreign income Tax law, and pay the applicable tax liability under
     the Federal Insurance Contributions Act, the Federal Unemployment Tax Act,
     any state employment Tax law or any equivalent or similar foreign statute
     in connection with such an event. To the extent a Taxing Authority
     determines that the TMP Group is liable for withholding Taxes or Taxes
     under the Federal Insurance Contributions Act, the Federal Unemployment Tax
     Act, any state employment Tax law or any equivalent or similar foreign
     statute in connection with the exercise of such an option, the HHGI Group
     shall pay to the TMP Group an amount equal to the Tax paid by the TMP Group
     as a result of such Tax liability within 30 days of demand thereof.

     4.   CERTAIN REPRESENTATIONS AND COVENANTS.

          (a)  HHGI Representations. HHGI and each member of the HHGI Group
     represent that as of the date hereof, and covenants that on the Spin-off
     Date, there is no plan or intention (i) to liquidate, merge or consolidate
     HHGI or any member of the HHGI Group with any other Person subsequent to
     the Spin-off Date, (ii) to sell or otherwise dispose of any asset, or cease
     business operations in any Executive Search Business or eResourcing
     Business of HHGI, or any member of the HHGI Group, subsequent to the
     Spin-off Date, in a manner that would result in any increased Tax

                                       12
<PAGE>

     liability or reduction of any Tax Asset of the TMP Group or any member
     thereof or which would not be in the ordinary course of business, (iii) to
     take any action inconsistent with the information and representations
     furnished to any Taxing Authority, legal counsel or accounting firm in
     connection with the request for a ruling or comparable pronouncement by a
     Taxing Authority, or with the delivery of an opinion by such counsel or
     accounting firm, with respect to the Restructuring, regardless of whether
     such information or representations were included in the ruling or
     pronouncement issued by the Taxing Authority or the opinion delivered by
     such counsel or accounting firm, (iv) to take any action that contravenes
     any existing gain recognition agreement or other agreement with a Taxing
     Authority to which any member of the HHGI Group or the TMP Group is a party
     (v) to repurchase stock of HHGI in a manner contrary to the requirements of
     Revenue Procedure 96-30 or in a manner contrary to the representations
     furnished to any Taxing Authority, legal counsel or accounting firm in
     connection with the request for a ruling or comparable pronouncement by a
     Taxing Authority, or with the delivery of an opinion by such counsel or
     accounting firm, with respect to the Restructuring, or (vi) to enter into
     any negotiations, agreements, or arrangements with respect to transactions
     or events (including stock issuances, pursuant to the exercise of options
     or otherwise, option grants, capital contributions, or acquisitions, but
     not including the Spin-off) that may cause the Spin-off to be treated as
     part of a plan pursuant to which one or more persons acquire directly or
     indirectly HHGI stock representing a "50-percent or greater interest"
     within the meaning of Section 355(d)(4) of the Code.

          (b)  HHGI Covenants. HHGI covenants to TMP that, without the prior
     written consent of the TMP Vice President-Tax,

               (i)   during the two-year period following the Spin-off Date,
          neither HHGI nor any member of the HHGI Group will liquidate, merge or
          consolidate with any other Person,

               (ii)  during the two-year period following the Spin-off Date
          neither HHGI nor any member of the HHGI Group will sell, exchange,
          distribute or otherwise dispose of its assets or cease business
          operations in any Executive Search Business or eResourcing Business in
          a manner that would result in any increased Tax liability or reduction
          of any Tax Asset of the TMP Group or any member thereof or which would
          not be in the ordinary course of business,

               (iii) HHGI will not take any action that contravenes any existing
          gain recognition agreement or other agreement with a Taxing Authority
          to which any member of the HHGI Group or the TMP Group is a party,

               (iv)  on or after the Spin-off Date, HHGI will not, nor will it
          permit any member of the HHGI Group to, make or change any accounting
          method, amend any Return or take any Tax position on any Return, take
          any other action, omit to take any action or enter into any
          transaction that results in any increased Tax liability or reduction
          of any Tax Asset of the TMP Group or any member thereof in respect of
          any Pre-Spin-off Period,

                                       13
<PAGE>

               (v)    HHGI will not, nor will it permit any member of the HHGI
          Group to, take any action inconsistent with the information and
          representations furnished to any Taxing Authority, legal counsel or
          accounting firm in connection with a request for a ruling or
          comparable pronouncement by a Taxing Authority or with the delivery of
          an opinion by such counsel or accounting firm, with respect to the
          Restructuring, regardless of whether such information or
          representations were included in the ruling or pronouncement issued by
          such Taxing Authority or the opinion delivered by such counsel or
          accounting firm,

               (vi)   HHGI will for a minimum of two years following the date of
          such distribution, continue the active conduct of the historic
          business relied upon to satisfy the requirements of Section 355(b) of
          the Code,

               (vii)  HHGI will not repurchase stock of HHGI in a manner
          contrary to the requirements of Revenue Procedure 96-30 or in a manner
          contrary to the representations furnished to any Taxing Authority,
          legal counsel or accounting firm in connection with the request for a
          ruling or comparable pronouncement by a Taxing Authority, or with the
          delivery of an opinion by such counsel or accounting firm, with
          respect to the Restructuring,

               (viii) during the applicable period provided in Section
          355(e)(2)(B) of the Code with respect to the Spin-off, HHGI will not
          enter into any transaction or make any change in equity structure
          (including stock issuances, pursuant to the exercise of options,
          option grants or otherwise, capital contributions, or acquisitions,
          but not including the Spin-off) that may cause the Spin-off to be
          treated as part of a plan pursuant to which one or more persons
          acquire directly or indirectly HHGI stock representing a "50-percent
          or greater interest" within the meaning of Section 355(d)(4) of the
          Code,

               (ix)   HHGI will file federal consolidated returns with its
          subsidiaries for the Tax period immediately after the Spin-off Date.

          (c)  TMP Representations.

               (i)    TMP represents as of the date hereof that on the date of
          the Spin-off, there is no plan or intention to take any action
          inconsistent with the information and representations furnished to the
          Internal Revenue Service in connection with the request for rulings
          under Section 355 and 368(a)(1)(D) of the Code.

               (ii)   Except as otherwise disclosed in public documents, TMP and
          the members of the TMP Group represent as of the date hereof that on
          the Spin-off date, neither TMP or the TMP Group is aware of any
          present plan or intention by the current shareholders of TMP to sell,
          exchange, transfer by gift, or otherwise dispose of any of their stock
          in, or securities of, TMP.

                                       14
<PAGE>

     5.   INDEMNITIES.

          (a)  HHGI Indemnity. HHGI and each member of the HHGI Group will
     jointly and severally indemnify TMP and the members of the TMP Group that
     were members of a Consolidated Group that included such HHGI Affiliate
     against and hold them harmless from:

               (i)   any Tax Liability of the HHGI Group;

               (ii)  any liability or damage resulting from a breach by HHGI or
          any member of the HHGI Group of any representation or covenant made by
          HHGI herein;

               (iii) any Tax Liability attributable to the Restructuring that is
          attributable to any action of HHGI or any member of the HHGI Group,
          without regard to whether the TMP Vice President-Tax or any other TMP
          officer has consented to such action, including, but not limited to,
          any Taxes attributable to the failure of the Spin-off to qualify under
          Section 355 of the Code or attributable to the application of Sections
          355(e) or 355(f) of the Code with respect to such Spin-off if (x) for
          any reason a member or members of the HHGI Group or a shareholder of
          such member or members is responsible for the Spin-off's failure to
          qualify under Section 355 or (y) the stock of HHGI is acquired by one
          or more persons, whether directly or indirectly, such that Section
          355(e) causes such stock not to be treated as "qualified property" for
          purposes of Section 361(c)(2);

               (iv)  any Tax Liability resulting from the recapture, pursuant to
          Section 904(f) of the Code, of an overall foreign loss for a
          Pre-Spin-off Period to the extent that the TMP Vice President-Tax
          determines that such loss is attributable to operations of the
          Executive Search Business and/or eResourcing Business in a
          Pre-Spin-off Period;

               (v)   any Tax Liability resulting from the recapture, pursuant to
          Section 367(a)(3)(C) of the Code, of a branch loss for a Pre-Spin-off
          Period to the extent that the TMP Vice President-Tax determines that
          such loss is attributable to operations of the Executive Search
          Business and/or eResourcing Business in a Pre-Spin-off Period;

               (vi)  any increase in any Tax Liability, or any reduction of any
          Tax Asset, of any member of the TMP Group resulting from a Final
          Determination of a Taxing Authority relating to the pricing of
          services provided by a member of the TMP Group to a member of the HHGI
          Group; and

               (vii) all liabilities, costs, expenses (including, without
          limitation, reasonable expenses of investigation and attorneys' fees
          and expenses), losses, damages, assessments, settlements or judgments
          arising out of or incident to the

                                       15
<PAGE>

          imposition, assessment or assertion of any Tax liability or damage
          described in (i), (ii), (iii), (iv) (v) or (vi) including those
          incurred in the contest in good faith in appropriate proceedings
          relating to the imposition, assessment or assertion of any such Tax,
          liability or damage.

          (b)  TMP Indemnity. TMP and each member of the TMP Group will jointly
     and severally indemnify HHGI and the members of the HHGI Group that were
     members of a Consolidated Group that included such TMP Affiliate against
     and hold them harmless from:

               (i)   any Tax Liability of the TMP Group, other than any such
          liability described in Section 5(a);

               (ii)  any Tax Liability resulting from the Restructuring, other
          than any such liabilities described in Section 5(a);

               (iii) any liability or damage resulting from a breach by TMP or
          any member of the TMP Group of any representation or covenant made by
          TMP herein;

               (iv)  any increase in any Tax Liability, or any reduction of any
          Tax Asset, of any member of the HHGI Group resulting from a Final
          Determination of a Taxing Authority relating to the pricing of
          services provided by a member of the HHGI Group to a member of the TMP
          Group; and

               (v)   all liabilities, costs, expenses (including, without
          limitation, reasonable expenses of investigation and attorneys' fees
          and expenses), losses, damages, assessments, settlements or judgments
          arising out of or incident to the imposition, assessment or assertion
          of any Tax liability or damage described in (i), (ii), or (iii), or
          (iv) including those incurred in the contest in good faith in
          appropriate proceedings relating to the imposition, assessment or
          assertion of any such Tax, liability or damage.

          If a member of the TMP Group ceases to be an Affiliate of any member
          of the TMP Group as a result of a sale of its stock to a third party
          (whether or not treated as a sale or exchange of stock for Tax
          purposes), such member of the TMP Group shall be released from its
          obligations under this Agreement upon such sale and neither TMP nor
          any member of the TMP Group shall have any obligation to indemnify
          HHGI or any member of the HHGI Group under Section 5(b) for any
          liability or damage attributable to actions taken by such Affiliate
          after such sale.

          (c)  Discharge of Indemnity. HHGI, TMP and the members of the HHGI
     Group and TMP Group, respectively, shall discharge their obligations under
     Sections 5(a) and 5(b) hereof, respectively, by paying the relevant amount
     within 30 days of demand thereof. The TMP Group shall be entitled to make
     such a demand at any time after a member of the TMP Group makes a payment
     or deposit in respect of a Tax for

                                       16
<PAGE>

     which any member of the HHGI Group has an obligation under Section 5(a).
     The HHGI Group shall be entitled to make such a demand at any time after a
     Final Determination of an obligation of any member of the TMP Group under
     Section 5(b). Any such demand shall include a statement showing the amount
     due under Section 5(a) or 5(b), as the case may be. Calculation mechanics
     relating to items described in Section 5(a)(i) and 5(b)(i) are set forth in
     Section 2(c). Notwithstanding the foregoing, if either HHGI, TMP or any
     member of the HHGI Group or TMP Group disputes in good faith the fact or
     the amount of its obligation under Section 5(a) or Section 5(b), then no
     payment of the amount in dispute shall be required until any such good
     faith dispute is resolved in accordance with Section 16 hereof; PROVIDED,
     HOWEVER, that any amount not paid within 30 days of demand thereof shall
     bear interest as provided in Section 9.

          (d)  Tax Benefits. If an indemnification obligation of any member of
     the TMP Group or any member of the HHGI Group, as the case may be, under
     this Section 5 arises in respect of an adjustment that makes allowable any
     deduction, amortization, exclusion from income or other allowance (a "Tax
     Benefit") which would not, but for such adjustment, be allowable, then any
     payment by any member of the TMP Group or any member of the HHGI Group,
     respectively, pursuant to this Section 5 shall be an amount equal to (x)
     the amount otherwise due but for this subsection (d), minus (y) the present
     value of the product of the Tax Benefit multiplied (i) by the maximum
     applicable federal, foreign or state, as the case may be, corporate tax
     rate in effect at the time such Tax Benefit becomes allowable to a member
     of the HHGI Group or a member of the TMP Group (as the case may be) or (ii)
     in the case of a credit, by 100 percent. The present value of such product
     shall be determined by discounting such product from the time the Tax
     Benefit becomes allowable at a rate equal to Prime.

          (e)  For purposes of this Section 5, in the case of Taxes that are
     imposed on a periodic basis and are payable for a Tax period that includes
     (but does not end on) the Spin-off Date, the portion of such Tax related to
     the portion of such Tax period ending on the Spin-off Date shall (x) in the
     case of any Taxes other than Taxes based upon or related to income, sales,
     gross receipts, or wages, be deemed to be the amount of such Tax for the
     entire Tax period multiplied by a fraction the numerator of which is the
     number of days in the Tax period ending on the Spin-off Date and the
     denominator of which is the number of days in the entire Tax period, and
     (y) in the case of any Tax based upon or related to income, sales, gross
     receipts, or wages, be deemed equal to the amount which would be payable if
     the relevant Tax period ended on the Spin-off Date.

     6.   PERFORMANCE. TMP agrees and acknowledges that TMP shall be responsible
for the performance of the obligations of each member of the TMP Group hereunder
applicable to such member. HHGI agrees and acknowledges that HHGI shall be
responsible for the performance by each member of the HHGI Group of the
obligations hereunder applicable to such member.

                                       17
<PAGE>

     7.   COMMUNICATION AND COOPERATION.

          (a)  Consult and Cooperate. HHGI and TMP shall consult and cooperate
     (and shall cause each member of the HHGI Group or the TMP Group,
     respectively, to cooperate) fully at such time and to the extent reasonably
     requested by the other party in connection with all matters subject to this
     Agreement. Such cooperation shall include, without limitation:

               (i)   the retention and provision on reasonable request of any
          and all information including all books, records, documentation or
          other information pertaining to Tax matters relating to the TMP Group
          and the HHGI Group, any necessary explanations of information, and
          access to personnel, until one year after the expiration of the
          applicable statute of limitation (giving effect to any extension,
          waiver, or mitigation thereof);

               (ii)  the execution of any document that may be necessary or
          helpful in connection with any required Return or in connection with
          any audit, proceeding, suit or action; and

               (iii) the use of the parties' best efforts to obtain any
          documentation from a governmental authority or a third party that may
          be necessary or helpful in connection with the foregoing.

          (b)  Provide Information. TMP and HHGI shall keep each other fully
     informed with respect to any material development relating to the matters
     subject to this Agreement.

          (c)  Tax Attribute Matters. TMP and HHGI shall promptly advise each
     other with respect to any proposed Tax adjustments relating to a
     Consolidated Group, which are the subject of an audit or investigation, or
     are the subject of any proceeding or litigation, and which may affect any
     Tax liability or any Tax attribute of TMP, HHGI, the TMP Group, the HHGI
     Group or any member of the HHGI Group or the TMP Group (including, but not
     limited to, basis in an asset or the amount of earnings and profits).

     8.   AUDITS AND CONTEST.

          (a)  Notwithstanding anything in this Agreement to the contrary, TMP
     shall have full control over all matters relating to any Return or any Tax
     Proceeding relating to any Tax matters of at least one member of the TMP
     Group or any Tax liability resulting from the Restructuring. HHGI may, at
     its own expense, participate in any such Tax Proceeding. TMP Vice President
     - Tax shall have absolute discretion with respect to any decisions to be
     made, or the nature of any action to be taken, with respect to any matter
     described in the preceding sentence.

                                       18
<PAGE>

          (b)  The indemnified party agrees to give notice to the Indemnitor of
     the assertion of any claim, or the commencement of any suit, action or
     proceeding in respect of which indemnity may be sought hereunder within 30
     days of such assertion or commencement, or such earlier time that would
     allow the Indemnitor to timely respond to such claim, suit, action or
     proceeding.

          (c)  With respect to Returns relating to Taxes solely attributable to
     the HHGI Group, HHGI and the members of the HHGI Group shall have full
     control over all matters relating to any Tax Proceeding in connection
     therewith. HHGI and the members of the HHGI Group shall have absolute
     discretion with respect to any decisions to be made, or the nature of any
     action to be taken, with respect to any matter described in the preceding
     sentence.

     9.   PAYMENTS. All payments to be made hereunder shall be made in
immediately available funds. Except as otherwise provided, all payments required
to be made pursuant to this Agreement will be due 30 days after the receipt of
notice of such payment or, where no notice is required, 30 days after the fixing
of liability or the resolution of a dispute. Payments shall be deemed made when
received. All payments shall be increased to reflect any tax liability of the
payee such that the payee receives in addition to such payments otherwise owed
the After-Tax Amount of any such payment. Any payment that is not made by the
TMP Group when due shall bear interest at LIBOR plus 25 basis points as quoted
from time to time, for each day until paid. Any payment that is not made by the
HHGI Group when due shall bear interest at LIBOR plus 25 basis points, as quoted
from time to time, for each day until paid. If, pursuant to a Final
Determination, any amount paid by TMP or the members of the TMP Group, pursuant
to this Agreement results in any increased HHGI Tax liability or reduction of
any Tax Asset of TMP or any member of the TMP Group, relating to a HHGI Tax
Liability, then HHGI, shall indemnify TMP or the TMP Group and hold it harmless
from any interest or penalty attributable to such increased Tax liability or the
reduction of such Tax Asset and shall pay to TMP or the TMP Group, in addition
to amounts otherwise owed, the After-Tax Amount. With respect to any payment
required to be made under this Agreement, TMP Vice President - Tax has the right
to designate, by written notice to HHGI, which member of the HHGI Group or the
TMP Group, as the case may be, will make or receive such payment and in which
currency such payment will be made. In addition, the remedies provided for in
this Section 9 are not exclusive and shall not limit any rights or remedies
which may otherwise be available to any party at law or in equity.

     10.  NOTICES. All notices and other communications to any party hereunder
shall be in writing (including facsimile or similar writing) and shall be deemed
given when received addressed as follows:

                                       19
<PAGE>

                     If to TMP or the TMP Group, to:

                     Patrick Harrington
                     Vice President - Tax
                     TMP Worldwide, Inc.
                     622 Third Avenue, 39th Floor
                     New York, New York 10017
                     Facsimile: (917) 256-8526

                     If to HHGI or the HHGI Group, to:

                     Hudson Highland Group, Inc.
                     622 Third Avenue, 38th Floor
                     New York, New York  10017
                     Facsimile: (917) 256-8403
                     Attention:  Jon F. Chait

At such time that HHGI hires a Vice President of Taxes, notices to HHGI or the
HHGI Group shall be given to the Vice President of Taxes, or such successor
position or title.

     11.  COSTS AND EXPENSES.

          (i)  Except as expressly set forth in this Agreement, each party shall
     bear its own costs and expenses incurred pursuant to this Agreement. For
     purposes of this Agreement, costs and expenses shall include, but not be
     limited to, reasonable attorney fees, accountant fees and other related
     professional fees and disbursements. Notwithstanding anything to the
     contrary in this Agreement, the HHGI Group will be responsible for its
     allocable portion, as determined by the TMP Vice President - Tax, of (i)
     all costs and expenses attributable to filing any Return that reflects the
     income, assets or operations of the HHGI Group and (ii) all costs and
     expenses incurred by TMP in complying with the provisions of Section 7 of
     this Agreement.

          (ii) With respect to all Tax Proceedings, costs shall be allocated in
     good faith by the TMP Vice President - Tax. Each party hereto shall be
     liable for its allocable portion of such costs as provided in Section 5.

     12.  EFFECTIVENESS; TERMINATION AND SURVIVAL. This Agreement shall become
effective upon the closing of the Spin-off. All rights and obligations arising
hereunder with respect to a Pre-Spin-off Tax Period shall survive until they are
fully effectuated or performed and, provided, further, that notwithstanding
anything in this Agreement to the contrary, this Agreement shall remain in
effect and its provisions shall survive for one year after the full period of
all applicable statutes of limitation or applicable foreign equivalent (giving
effect to any extension, waiver or mitigation thereof) and, with respect to any
claim hereunder initiated prior to the end of such period, until such claim has
been satisfied or otherwise resolved.

                                       20
<PAGE>

     13.  SECTION HEADINGS. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation
hereof.

     14.  ENTIRE AGREEMENT; AMENDMENTS AND WAIVERS.

          (a)  Entire Agreement. This Agreement contains the entire
     understanding of the parties with respect to the subject matter hereof and
     thereof and supersedes all prior agreements, understandings and
     negotiations, both written and oral, between the parties with respect to
     the subject matter hereof and thereof.

          (b)  Amendments and Waivers. Any provision of this Agreement may be
     amended or waived if, and only if, such amendment or waiver is in writing
     and signed, in the case of an amendment, by TMP and HHGI, or in the case of
     a waiver, by the party against whom the waiver is to be effective. No
     failure or delay by any party in exercising any right, power or privilege
     hereunder shall operate as a waiver thereof nor shall any single or partial
     exercise thereof preclude any other or further exercise thereof or the
     exercise of any other right, power or privilege. The rights and remedies
     herein provided shall be cumulative and not exclusive of any rights or
     remedies provided by law.

     15.  GOVERNING LAW AND INTERPRETATION. This Agreement shall be construed
and enforced in accordance with the laws of the State of New York without giving
effect to laws and principles relating to conflicts of law.

     16.  DISPUTE RESOLUTION. If the parties hereto are unable to resolve any
disagreement or dispute relating to this Agreement, including but not limited to
whether a transaction is part of the Restructuring and whether a Tax liability
is a TMP Tax Liability or a HHGI Tax Liability, such dispute shall be resolved
in good faith by the TMP Vice President - Tax.

     17.  COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same Agreement.

     18.  ASSIGNMENTS; THIRD PARTY BENEFICIARIES. Except as provided below, this
Agreement shall be binding upon and shall inure only to the benefit of the
parties hereto and their respective successors and assigns, by merger,
acquisition of assets or otherwise (including but not limited to any successor
of a party hereto succeeding to the Tax attributes of such party under
applicable law). This Agreement is

                                       21
<PAGE>

not intended to benefit any person other than the parties hereto and such
successors and assigns, and no such other person shall be a third party
beneficiary hereof. If, during the period beginning on the Spin-off Date and
ending upon the expiration of the survival period set forth in Section 12, any
corporation becomes an Affiliate of any member of the HHGI Group, such Affiliate
shall be bound by the terms of this Agreement and HHGI shall provide evidence to
TMP of such Affiliate's agreement to be bound by the terms of this Agreement.

     19.  SEVERABILITY. If any provision of this Agreement or the application of
any such provision to any party or circumstances shall be determined by any
court of competent jurisdiction to be invalid, illegal or unenforceable to any
extent, the remainder of this Agreement or such provision or the application of
such provision to such party or circumstances, other than those determined to be
so invalid, illegal or unenforceable, shall remain in full force and effect to
the fullest extent permitted by law and shall not be affected by such
determination, unless such a construction would be unreasonable.

     20.  SETOFF. If, at the time HHGI is required to make any payment to TMP
under this Agreement, TMP owes HHGI any amount under this Agreement or any
Ancillary Agreement (as such term is defined in the Distribution Agreement),
then such amounts shall be offset and the excess shall be paid by the party
liable for such excess. Similarly, if at the time TMP is required to make any
payment to HHGI under this Agreement, HHGI owes TMP any amount under this
Agreement or any Ancillary Agreement (as such term is defined in the
Distribution Agreement), then such amounts shall be offset and the excess shall
be paid by the party liable for such excess.

     21.  FURTHER ASSURANCES. In addition to the actions specifically provided
for elsewhere in this Agreement, TMP and HHGI shall use reasonable efforts to
take, or cause to be taken, all actions, and to do, or cause to be done, all
things, reasonably necessary, proper or advisable under applicable laws,
regulations and agreements or otherwise to consummate and make effective their
obligations under this Agreement, including, but not limited to, using its
reasonable efforts to obtain any consents and approvals and to make any filings
and applications necessary or desirable in order to carry out their obligations
under this Agreement; provided that no party hereto shall be obligated to pay
any consideration therefor (except for filing fees and other similar charges) to
any third party from whom such consents or approvals are requested or to take
any action or omit to take any action if the taking of or the omission to take
such action would be unreasonably burdensome to the party, its Group or its
Group's business.

     22.  AUTHORIZATION, ETC. Each of the parties hereto hereby represents and
warrants that it has the power and authority to execute, deliver and

                                       22
<PAGE>

perform this Agreement, that this Agreement has been duly authorized by all
necessary corporate action on the part of such party, that this Agreement
constitutes a legal, valid and binding obligation of each such party, and that
the execution, delivery and performance of this Agreement by such party does not
contravene or conflict with any provision or law or of its charter or bylaws or
any agreement, instrument or order binding on such party.

     IN WITNESS WHEREOF, the parties have executed and delivered this Agreement
as of the day and year first written above.

                                      TMP on its own behalf and on behalf of
                                      the members of the TMP Group.

                                      By:    /s/ Andrew J. McKelvey
                                             ----------------------------
                                      Name:  Andrew J. McKelvey
                                      Title: Chairman and CEO

                                      HHGI on its own behalf and on behalf of
                                      the members of the HHGI Group.

                                      By:    /s/ Jon F. Chait
                                             ----------------------------
                                      Name:  Jon F. Chait
                                      Title: Chairman, President and CEO

                                       23

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