Document:

Amend to Empl Agmnt, as of Dec 30, 2008 btw Registrant and Howard Sutter

 AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of December 30, 2008 between Kforce Inc., a Florida
corporation (the “Employer” or the “Company”) and Howard Sutter (the “Executive”). 
 BACKGROUND

 The Executive and the Employer are parties to that certain Employment Agreement dated effective July 1, 2003 (the “Employment
Agreement “). The Employment Agreement has been continually operated in compliance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the rules, regulations, and transitional guidance
promulgated thereunder and with respect thereto (collectively, “Section 409A”). In order to ensure that the Employment Agreement complies in form with Section 409A, the Executive and the Employer wish to amend the Employment
Agreement in the manner herein provided. 
 Accordingly, in consideration of the foregoing, and of the respective agreements of the parties
herein, the Employer and the Executive agree as follows: 
 TERMS 
 1. The following sentence is added to the Employment Agreement as the last sentence in Section 5(c): 
 “Any such reimbursement for additional tax liabilities shall be paid no later than the end of the calendar year following the calendar year in which the Executive or Executive’s Beneficiaries remit the related taxes.”

 2. Section 5(e) of the Employment Agreement is amended in its entirety to read as follows: 
 “(e) Definition of Disability. As used in this Agreement, the term “Disability” means the Executive meets one of the following
requirements: 
 (i) The Executive is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months; or 
 (ii) The Executive is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Employer. 
 3. Section 5(f) of the Employment Agreement is deleted. 

 4. The first sentence of Section 7 is amended in its entirety to read as follows: 
 “On the Date of Termination of the Executive’s employment under this Agreement for any reason whatsoever, the Executive’s Base Salary will
cease thereafter to accrue except as specifically provided in Sections 5, 6 or 9 and the Executive (or in the event of Executive’s death, Executive’s designated beneficiaries, Executive’s personal representative, or the executor or
administrator of Executive’s estate (Executive’s “Beneficiaries”) will be entitled to such rights and benefits under the Employer’s compensation and benefit plans, policies and arrangements in which the Executive is then a
participant as may be provided for under such plans, policies and arrangements (which shall not be modified adversely to the Executive or Executive’s Beneficiaries after Executive’s Date of Termination).” 
 5. Section 7(a) of the Employment Agreement is amended by the deletion of the clause “or such later date as the Executive or such Beneficiaries may request in
writing.” 
 6. The last sentence in Section 9(a) of the Employment Agreement is amended in its entirety to read as follows: 
 “The Executive’s termination of employment will not constitute a termination for Good Reason unless the Executive first provides written notice
to the Employer of the existence of the Good Reason within ninety days following the effective date of the occurrence of the Good Reason, and the Good Reason remains uncorrected by the Employer for more than thirty days following such written notice
of the Good Reason from the Executive to the Employer, and the effective date of the Executive’s termination of employment is within one year following the effective date of the occurrence of the Good Reason.” 
 7. The following sentence is added to the Employment Agreement as the last sentence in Section 9(c)(ii): 
 “The severance pay amount shall be paid to the Executive not later than thirty days after Executive’s Date of Termination.” 
 8. Section 10(d)(ii) of the Employment Agreement is amended by the deletion of the parenthetical clause “(or such later date as the Executive may elect).”

 9. The fourth sentence of Section 16 shall be amended in its entirety to read as follows: 
 “The Employer will not have any obligation to the Executive under this section for any loss suffered if the Executive voluntarily pays, settles,
compromises, confesses judgment for, or admits liability with respect to any matter without the approval of the Employer.” 

 10. A new Section 29 is added to the Employment Agreement, to read as follows: 
 “29. SECTION 409A. 
 With respect to the payments
provided by this Agreement upon termination of the Executive’s employment (the “Cash Severance Amount”), in the event the aggregate portion of the Cash Severance Amount payable during the first six months following the date of
termination of the Executive’s employment would exceed an amount (the “Minimum Amount”) equal to two times the lesser of (i) the Executive’s annualized compensation as in effect for the calendar year immediately preceding
the calendar year during which the Executive’s termination of employment occurs, or (ii) the maximum amount that may be taken into account under a qualified retirement plan pursuant to Section 401(a)(17) of the Internal Revenue Code
of 1986, as amended (the “Code”) for the calendar year during which the Executive’s termination of employment occurs, then, to the extent necessary to avoid the imposition of additional income taxes or penalties or interest on the
Executive under Section 409A of the Code, (x) the Employer shall pay during the first six months following the date of termination of the Executive’s employment, at the time(s) and in the form(s) provided by the applicable sections of
this Agreement, a portion of the Cash Severance Amount equal to the Minimum Amount, and (y) the Employer shall accumulate the portion of the Cash Severance Amount that exceeds the Minimum Amount and that the Executive would otherwise be
entitled to receive during the first six months following the date of termination of the Executive’s employment and shall pay such accumulated amount to the Executive in a lump sum on the first day of the seventh month following the dale of
termination of the Executive’s employment, and (z) the Employer shall pay the remainder of the Cash Severance Amount, if any, on and after the first day of the seventh month following the date of termination of the Executive’s
employment at the time(s) and in the form(s) provided by the applicable section(s) of this Agreement.” 
 IN WITNESS WHEREOF, the
parties have executed this Amendment to Employment Agreement as of the date first written above. This Amendment may be executed in counterparts, which taken together shall have the same force and effect as a single original fully executed agreement
Signatures transmitted by facsimile, scan, or other electronic means shall have the same validity, force and effect as original signatures. 
  

			
	KFORCE INC.
		
	By:	 	 /s/ Joseph J. Liberatore

		 	Joseph J. Liberatore, Chief Financial Officer
		
		 	 /s/ Howard Sutter

		 	Howard Sutter, Vice PresidentAmendment No. 14 to Loan Agreement

 Exhibit 10.24 
 AMENDMENT NO. 14 TO 
 LOAN AGREEMENT 
 This Amendment No. 14 to Loan Agreement (the “Amendment”) is dated as of the 15th day of December, 2008 and is by and
between BANK OF AMERICA, N.A., a national banking association, as successor by merger to LaSalle Bank National Association (“Lender”), and eLOYALTY CORPORATION, a Delaware corporation (the “Borrower”). 
 W I T N E S S E T H: 
 WHEREAS, Lender and Borrower are parties to that certain Loan Agreement, dated as of December 17, 2001 (as amended or otherwise
modified from time to time, the “Loan Agreement”; capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Loan Agreement); and 
 WHEREAS, the Borrower has requested that the Loan Agreement be amended in certain respects; 
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, each of Lender and Borrower hereby agree as follows: 
 1. Amendments to Loan Agreement. In
reliance on the representations and warranties set forth in Section 2 of this Amendment and subject to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment, the Loan Agreement is hereby amended as follows:

 1.1. The following definition of “Farnam Lease” is hereby added to Section 1.1 of the Loan Agreement,
inserted in appropriate alphabetical order: 
 “Farnam Lease” shall mean that certain Lease Agreement between
Borrower and Farnam Street Financial, Inc. dated as of July 30, 2007.” 
 1.2. The definition of Maturity Date in
Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 ““Maturity Date” shall mean December 31, 2009.” 
 1.3. The first sentence of
Section 2.5 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 “Subject to
the terms and conditions of this Agreement and upon the execution by the Borrower and the Bank of a Master Letter of Credit Agreement and, the upon the execution and delivery by the Borrower, and the acceptance by the Bank of an application for
letter of credit, the Bank agrees to issue for the account of the Borrower such Letters of Credit in the standard 

 
form of the Bank and otherwise in form and substance acceptable to the Bank, from time to time during the term of this Agreement, provided that (i) the
Letter of Credit Obligations may not at any time exceed the Maximum Letter of Credit Obligation, (ii) the Letter of Credit Obligations may not at any time exceed the Borrowing Base Amount less the aggregate outstanding principal amount of the
Revolving Loans, and (iii) no Letter of Credit shall have an expiration date later than December 31, 2010.” 
 1.4. Section 8.1(f) of the Loan Agreement is amended and restated in its entirety as follows: 
 “(f)
obligations arising under (i) that certain Systems Integrator Agreement dated as of May 18, 2006 by and between the Borrower and Cisco Systems, Inc. (“Cisco”) as the same may be amended, restated or otherwise modified from time
to time; provided, however, that the amount owing by Borrower pursuant to such agreement shall at no time exceed $12,000,000 in the aggregate, (ii) the Farnam Lease as the same may be amended, restated or otherwise modified from time to time;
provided, however, that the lease amounts previously paid and to be paid by Borrower pursuant to the Farnam Lease shall not exceed $7,000,000 in the aggregate during the term of the Farnam Lease (iii) Capital Leases (other than the Farnam
Lease) or purchase money financing for fixed assets acquired (or deemed to be acquired) by the Borrower, so long as the aggregate outstanding amount of such obligations (whether or not described on Schedule 8.2) at any time does not
exceed $1,000,000;” 
 2. Representations and Warranties. To induce the Lender to enter into this Amendment, the
Borrower hereby represents and warrants to the Lender that: 
 2.1. the execution, delivery and performance by the Borrower
of this Amendment and each of the other agreements, instruments and documents contemplated hereby are within its corporate power, have been duly authorized by all necessary corporate action, have received all necessary governmental approval (if any
shall be required), and do not and will not contravene or conflict with any provision of law applicable to the Borrower, the certificate of incorporation and by-laws of the Borrower (as amended to date), any order, judgment or decree of any court or
governmental agency, or any agreement, instrument or document binding upon the Borrower or any of its property; 
 2.2. each
of the Loan Agreement and the other Loan Documents, each as amended by this Amendment, are the legal, valid and binding obligation of the Borrower to the extent the Borrower is a party thereto, and the Loan Agreement and such Loan Documents are
enforceable against the Borrower in accordance with their respective terms; 
  

 -2- 

 2.3. the representations and warranties of Borrower contained in the Loan Agreement and
the Loan Documents, each as amended hereby, are true and correct in all material respects as of the date hereof, with the same effect as though made on the date hereof, except to the extent that such representations and warranties expressly relate
to an earlier date, in which case such representations and warranties are true and correct as of such earlier date; and 
 2.4. Borrower has performed in all material respects all of its obligations under the Loan Agreement and the other Loan Documents to be performed by it on or before the date hereof and as of the date hereof, Borrower is in compliance with
all applicable terms and provisions of the Loan Agreement and each of the other Loan Documents to be observed and performed by it and, assuming the effectiveness of the consents set forth herein, no Event of Default has occurred and is continuing.

 3. Conditions. The effectiveness of the amendments and consents set forth above is subject to the following
conditions precedent: 
 3.1. Borrower shall have executed and delivered to Lender, or shall have caused to be executed and
delivered to Lender, each in form and substance satisfactory to Lender, this Amendment, a Second Amended and Restated Revolving Note and such other documents, instruments and agreements as Lender may reasonably request. 
 3.2. Borrower shall have paid to Lender the annual renewal fee for the extension of the Maturity Date in the amount of $15,000 which
shall be fully earned and non-refundable. 
 3.3. All proceedings taken in connection with the transactions contemplated by
this Amendment and all documents, instruments and other legal matters incident thereto shall be satisfactory to Lender and its legal counsel. 
 3.4. Assuming the effectiveness of the consents set forth herein, no Event of Default shall have occurred and be continuing. 
 4. References; Effectiveness. Each of the Lender and the Borrower hereby agree that all references to the Loan Agreement which are contained in any of the other Loan Documents shall refer
to the Loan Agreement as amended by this Amendment. 
 5. Counterparts. This Amendment may be executed in any number
of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. 
 6. Continued Effectiveness. Except as specifically set forth herein, the Loan Agreement and each of the other Loan Documents shall
continue in full force and effect according to their respective terms. 
  

 -3- 

 7. Governing Law. This Amendment shall be a contract made under and governed by
the internal laws of the State of Illinois. 
 8. Costs and Expenses. Borrower hereby agrees that all expenses
incurred by the Lender in connection with the preparation, negotiation and closing of the transactions contemplated hereby, including without limitation reasonable attorneys’ fees and expenses, shall be part of the Obligations. 
 [Signature page to follow] 
  

 -4- 

 IN WITNESS WHEREOF, this Amendment has been executed as of, and is effective as of, the
day and year first written above. 
  

			
	eLOYALTY CORPORATION, a Delaware corporation, as Borrower
		
	 By 
	 	 /s/ William B. Noon

	 Its
	 	 VP, Controller

	
	BANK OF AMERICA, N.A., a national banking association, as successor by merger to LaSalle Bank National Association, as Lender
		
	 By 
	 	 /s/ Erin M. Frey

	 Its
	 	 VP

  

 -5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]