Document:

Filed by Bowne Pure Compliance

Exhibit 10.1

[Korn/Ferry International Letterhead]

KORN/FERRY INTERNATIONAL

June 26, 2008

Mr. Paul Reilly, Executive Chairman

Korn/Ferry International

8302 Tallahassee Dr. N.E.

St. Petersburg, FL 33702

Dear Paul,

This letter is written to confirm that the Korn/Ferry Board of Directors would like you to continue as Executive
Chairman for another year, July 1, 2008 through June 30, 2009, with the understanding this agreement is subject to an
annual review and will be renewed on terms similar to the enclosed unless you are notified otherwise by June 1, 2009.

The general terms or our understanding are outlined below:

	 	1.	 	You will continue as an at-will employee. Your duties and responsibilities are defined in Section 3 of
your existing employment agreement dated April 24, 2007 (“Existing Agreement”).

	 	2.	 	For the period of this agreement, your base salary will continue at $500,000 annually.

	 	3.	 	You will be provided an annual bonus target of $750,000, with the actual payout recommended by the
Compensation Committee and approved by the Board. The Committee will base half the recommended amount on the
same basis as used for the senior management team. As you know, for 2008 this included on-third weight each
to EPS, Revenue, and the specific strategic objectives previously established for client satisfaction, market
share, solution-driven growth, career destination, and “other.” The second half of the bonus will be based on
Executive Chair duties and responsibilities as outlined in Section 3 of your Existing Agreement. The bonus
amount for all above items would not exceed the target.

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In addition, the Committee will consider bonus amounts for critical special assignments, as agreed with
the Chief Executive Officer, such as your present assistance in the U.K. Due to the potential awards for
such special assignments, the actual bonus amount could exceed the target of $750,000.

The salary, target bonus, and bonus criteria would be reviewed annually by the Compensation Committee
and would be discussed and agreed with you prior to Board approval.

	 	4.	 	The “Certain Additional Payments by the Company” – Section 7(f) of the Existing Agreement, and Section
9 “Application of Section 409A”, are incorporated by reference into this letter agreement.

	 	5.	 	Employee benefit programs and perquisites would continue as outlined in Section 6 of your Existing
Agreement, including the reimbursement of business expenses and the continuation of administrative support
services.

	 	6.	 	Your employment can be terminated at any time, for any reason, either by you or by the Board. Each
party would attempt to give maximum reasonable notice should that occur. Your compensation would continue
through the date of any termination, including a pro-rated bonus as
determined by the Compensation Committee
and approved by the Board. Consistent with your Existing Agreement, termination by death or disability will
result in payment of accrued salary and pro rated target bonus. If you termination is for cause (as defined
in your Existing Agreement) you will be paid only accrued salary through the date of termination.

	 	7.	 	Section 10 – “Confidential Information; Cooperation with Regard to Litigation” and Section 11 –
“Nonsolicitation” are incorporated by reference into this letter agreement.

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The terms outlined in this letter have been approved by the Board. If you agree, please sign a copy of the letter
and return it to me.

Sincerely,

/s/ Ken Whipple                        
Ken Whipple

Agree /s/ Paul C. Reilly               Date July 14, 2008

               Paul C. Reilly

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3Filed by Bowne Pure Compliance

Exhibit 10.2

[KORN/FERRY INTERNATIONAL LETTERHEAD]

Gary D. Burnison

Chief Executive Officer

March 1, 2008

PERSONAL AND CONFIDENTIAL

Mr. Paul Reilly

8301 Tallahassee Drive, NE

St. Petersburg, FL 33702

Dear Paul:

Pursuant to our discussions this letter will serve to formalize the terms of your special,
temporary assignment as the interim head of our EMEA region.

You will continue in your position as Executive Chairman of the Board of Korn/Ferry, and
nothing in this agreement is meant to modify or supersede the terms of your agreement regarding
that role. This letter is meant to formalize the terms for covering, or reimbursing, expenses
related to the special assignment as interim Managing Director of EMEA. Additional compensation
related to this assignment, if any, will be determined by the Board in accordance with your
contract as Executive Chairman.

Role

As the interim Managing Director of EMEA you will represent the Company in all operational matters
including recruiting and retaining consultants within the region, revenue and profitability
performance and client and go to market efforts.

Term of the Assignment

This assignment will not have a definite term, but it is anticipated that it will be completed
prior to the end of the fiscal year 2009. It is also anticipated the
number of days you will spend in the U.K. during this assignment will be less than 183 days over
any 365 day period. However, it is understood, that should the assignment require
your presence in the UK for more than 183 days over any 365 day period it will result in tax
consequences for which the Company will provide tax equalization as described below.

 

 

Paul Reilly

March 1, 2008

Page 2

Philosophy Regarding Financial Arrangements

It is agreed the overarching philosophy for the financial arrangements related to this assignment
will follow the concept that you will not incur any additional out-of-pocket expenses that, on an
after-tax basis, are greater than if you had remained solely in your role as Executive Chairman and
resident in the United States. The reimbursement of expenses, as described below, will occur
following the normal Company process and time line for submitting and reimbursement of business
expenses. Reimbursement of expenses you have incurred will not be contingent on any other
conditions of employment.

Employment Related Costs

The cost of obtaining and maintaining work permits, certificate of coverage and the like will be
borne by the Company. The cost of resolving any employment issues of a legal or tax nature arising
from the assignment will be covered by the Company, and, in the unlikely event an issue arises that
requires you to obtain a separate legal or tax advisor the Company will cover reasonable costs for
the advisor.

Housing and Related Costs

Korn/Ferry will pay for the cost of renting a two-bedroom serviced, furnished flat during the
tenure of your assignment. In addition, the Company will reimburse you for ancillary costs related
to furnishing the flat, e.g., utensils, bedding, etc. Additionally, the Company will pay all
standard utilities including telephone expenses.

Travel

The Company will reimburse you for first class airfare while commuting to and from Europe. In
addition, the firm will reimburse the expense of two trips for your family to travel from your home
to London with business class airfare. Further, the Company will reimburse you for incidental
living expenses for your family while visiting in Europe, although it is understood this does not
include entertainment expenses.

 

 

 

Paul Reilly

March 1, 2008

Page 3

Transportation

The firm will reimburse you for transportation expenses while staying in Europe, e.g. taxi, trains,
etc.

Cost of Living

The firm will reimburse you for incidental living expenses while you are staying in Europe, e.g.
incremental costs over the cost of similar services in or around your current residence. In
addition, the Company will reimburse you for reasonable living expenses while on the assignment
such as food, meals, laundry, supplies and other day-to-day living expenses.

Tax Equalization and Assistance

It is anticipated, given the current projected length of your assignment, there will not be a need
for tax equalization. However, if the assignment does result in a personal tax liability in the UK,
Korn/Ferry will tax equalize you for the term of your assignment on your employment income,
including salary, bonus, option gains, restricted stock vesting and subsidies and allowances
connected with your assignment. This equalization process will limit your personal total tax
liability on these income items to essentially the same amount as if you had remained in the United
States in your current position. During your assignment, the firm will continue to withhold Federal
and state taxes in accordance with your claimed deductions, and also deduct Social Security and
Medicare taxes. At the end of the tax year an equalization calculation, if necessary, will be
performed by a third party “expert” and you will reimburse Korn/Ferry for any tax refunds you
receive in excess of the amount required for your tax equalization, or Korn/Ferry will pay you sums
as indicated in the tax equalization calculation.

 

 

 

Paul Reilly

March 1, 2008

Page 4

If tax equalization becomes necessary, reasonable fees associated with tax preparation assistance
for the filing period(s) in the United States and the United Kingdom during your assignment will
be paid by Korn/Ferry.

In the unlikely event any reimbursed expenses are disallowed or disputed by the tax authorities in
the U.S. or U.K. you agree to cooperate with the Company to challenge such determination and the
Company will bear the cost of any experts involved in the process. Further, if the final
determination results in a tax liability to you the Company will cover the resulting tax liability
regardless of the source from which they originate.

Repatriation

At the conclusion of your assignment Korn/Ferry will reimburse you for shipping a reasonable amount
of personal household possessions to St. Petersburg Florida.

Paul, I am very grateful for your willingness to take on this critical assignment.

	 	 	 	 	 	 	 
	 

	 	 	 	Sincerely,	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Gary D. Burnison
 

Gary D. Burnison
	 	 
	 

	 	 	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	ACCEPTED:
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	/s/ Paul
Reilly	 	 
	 	 	 	 
	Paul Reilly	 	 	 	Date

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