Document:

exv10w50

Exhibit 10.50

June 25, 2009

PERSONAL AND CONFIDENTIAL 

Mr. Robert McNabb

10919 Wickline Drive

Houston, TX 77024

			
	Re	 	Employment Agreement dated as of October 1, 2003 between Korn/Ferry
International (“Company” or “Korn/Ferry”) and Robert McNabb, as
renewed and amended on September 29, 2006 (the “Employment Agreement”)

Dear Bob,

This letter agreement (this “Letter Agreement”) serves to formalize the modification and renewal of
the terms of your employment with Korn/Ferry, including your future compensation and benefits.
Unless otherwise defined in this Letter Agreement, all capitalized terms used in this Letter
Agreement shall have the meanings specified in the Employment Agreement.

Term 

The initial renewal term of your employment began on October 1, 2006 and will automatically expire
on September 30, 2009. The Company has exercised its option to renew the Employment Agreement for
a successive three (3) year period ending on September 30, 2012 (the “Second Renewal Term”), and
this Letter Agreement shall be considered written notice of that renewal.

During the Second Renewal term you will continue to hold the position as Chief Executive Officer of
Futurestep and Executive Vice President of the Company. During the Second Renewal Term, you will
report to the Chief Executive Officer of the Company, and you will continue to receive the same
Base Salary (which may reflect an adjustment made for current economic conditions) and the
incentive opportunity as set forth in the Employment Agreement.

Changes to Termination and Severance Provisions 

In lieu of the severance provided in Section 6(d) of the Employment Agreement, we have agreed that
if your employment is terminated by the Company without Cause at any time during the first two
years of the Second Renewal Term, within 30 days following the termination of your employment you
will be entitled to receive a lump sum cash payment in an amount equal to 2 times your Base Salary
If your employment is terminated by the Company without Cause during the third year of the Second
Renewal Term, within 30 days following the termination of your employment you will be entitled to
receive a lump sum cash payment in an amount equal to you 2 times your Base Salary prorated to
reflect the number of months you were employed during that third year. For example if you were
employed for 9 months of the third year, you would be entitled to receive a lump sum cash payment
equal to 25% (i.e., the number of months remaining in the third year following your termination (3)
divided by 12) of 2 times your Base Salary.

In addition, if your employment is terminated by the Company without Cause at any time during the
first 18 months of the Second Renewal Term, following the termination of your employment you and
your covered dependent(s) will be entitled to continue for a period of 18 months to participate at
the expense of the Company in the Company’s group health plan(s) at the same benefit level and to
the same extent and for the same contribution, if any, as such continued participation is available
to other executive officers of the Company from time to time. If your employment is terminated by
the Company without Cause after the first 18 months of the Second Renewal Term, upon the
termination of your employment you and your covered dependent(s) will be entitled to continue until
the end of the Second Renewal Term to participate at

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the expense of the Company in the Company’s group health plan(s) at the same benefit level and to
the same extent and for the same contribution, if any, as such continued participation is available
to other executive officers of the Company from time to time. For example if you were employed for
9 months after the first 18 months of the Second Renewal Term, such participation may continue for
a period of 9 months after termination.

Further, if your employment is terminated without Cause during the Second Renewal Term, all
unvested outstanding stock options and other equity-type incentives held by you at the time of such
termination that would have vested during the 12 months following the date of such termination will
automatically vest as of the date of such termination.

The Employment Agreement, as amended hereby, will expire on September 30, 2012, and no additional
severance, benefit, or club membership payments will be due to you in any amount thereafter.

Any previous reference in the Employment Agreement to the definition of “Good Reason” contained in
Section 6(h)(4)(A) is removed in its entirety. Notwithstanding anything contained in the Employment
Agreement to the contrary, or any earlier understanding, you understand that the Company may, at
any time during the Second Renewal Term, change (including reduce or eliminate) your titles and
roles, including asking you actively participate in your Succession Planning, to transition your
responsibilities or to step down as CEO of Futurestep, which you hereby agree to do when so asked,
without such changes giving you the right to terminate your employment or otherwise constituting a
constructive termination by the Company and without you being entitled to any severance or similar
payments by reason of such changes. In such event you will either stay involved with Futurestep in
a “comparable position” (as defined below) or have a “comparable position” in the Company. For
purpose of this Letter Agreement, the term “comparable position” will mean a position with at least
the same base salary and incentive targets and incentive potential as your salary and incentive at
the time of any such change in your titles and roles.

The payment of any and all severance benefits of any type referred to above will be contingent upon
your execution of the Company’s standard form of severance and release agreement within 21 days
following your termination of employment and such release becoming effective and irrevocable in
accordance with the terms thereof. Unless earlier terminated, at the conclusion of the Second
Renewal Term, your employment will terminate and there will be no further compensation (other than
Accrued Compensation) or severance benefit due to you from the Company.

For the avoidance of doubt, should you terminate your employment prior to the expiration of the
Second Renewal Term, other than for Good Reason within 12 months following a Change in Control in
accordance with Section 6(e) of the Employment Agreement, the Company will be released from all of
its obligations as outlined above or otherwise set forth in the Employment Agreement, and from that
time forward you shall only be entitled to receive your Accrued Compensation as of the date of your
departure.

To the extent there are any inconsistencies between this Letter Agreement and the Employment
Agreement, the provisions of this Letter Agreement shall govern and control. Except as otherwise
expressly provided in this Letter Agreement, the Employment Agreement remains unmodified and in
full force and effect.

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Please indicate your acceptance of this Letter Agreement by signing and dating a copy of this
Letter Agreement in the spaces provided below and returning such signed and dated copy to me.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	/s/ Gary Burnison
 	 
	 	Gary Burnison, Chief Executive Officer 	 

ACCEPTED AND AGREED TO:

	 	 	 	 	 
	/s/ Robert McNabb

	 	June 25 2009
	 	 
	 

	 	 	 	 
	Robert McNabb

	 	Date of Signature	 	 

3exv10w51

Exhibit 10.51

June 25, 2009

Mr. Gary Burnison

5561 Partridge Court

Westlake Village, CA 91362

			
	Re:	 	Employment Agreement dated as of April 24, 2007 between Korn/Ferry International
(“Company” or “Korn/Ferry”) and Gary Burnison (“Employment Agreement”)

Dear Gary:

This letter serves to formalize the modifications regarding your continuing employment relationship
with Korn/Ferry, including your future compensation and benefits, and the amendment of certain
terms and conditions of your Employment Agreement referenced above.

Specifically, you, as Chief Executive Officer of Korn/Ferry, have requested and the Board has
agreed that a temporary reduction in your salary is desirable in response to the current economic
environment. As such, your base salary shall be ratably reduced by $75,000. In addition, in
accordance with Korn/Ferry’s furlough policy, you will be required to take two weeks of unpaid
leave this year, which will result in you forgoing approximately an additional $25,000 in base
salary. The reduction will become effective July 1, 2009, and will remain in effect through April
30, 2010, after which it will be restored to its present levels.

This temporary reduction shall have no impact on the potential for your cash and equity incentive
awards for this or any other year, which will continue to be calculated off of your base salary
prior to the reduction. Similarly, any other benefits, including but not limited to the severance
and change in control provisions in your Employment Agreement, will be calculated off of your base
salary prior to the reduction. Any severance paid under the terms of your Employment Agreement
would be deemed to include any of the compensation eliminated by means of this forebearance.

It is agreed that this letter as it relates to the temporary salary forbearance and mandatory
unpaid leave cannot be the basis for Good Reason or any constructive termination action and does
not constitute Good reason under your Employment Agreement. It is further agreed that the
reduction in salary agreed to in this letter will occur notwithstanding the last sentence of
Section 4(a) of your Employment Agreement. Except as otherwise modified in this letter agreement,
your Employment Agreement remains unmodified and in full force and effect.

Please indicate your acceptance of this letter agreement amending your Employment Agreement by
signing and dating a copy of this letter agreement in the spaces provided below and returning such
signed and dated copy to me. I thank you for your continued commitment to Korn/Ferry.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	/s/ Kenneth Whipple
 	 
	 	Kenneth Whipple 	 

ACCEPTED AND AGREED TO:

	 	 	 	 	 
	/s/ Gary D. Burnison

	 	June 25, 2009
	 	 
	 

	 	 	 	 
	Gary D. Burnison

	 	Date of Signature

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