Document:

Hudson Highland Group, Inc. 2004 Nonqualified Deferred Compensation Plan

 Exhibit 10.14 
  
 HUDSON HIGHLAND GROUP, INC. 
  
 NONQUALIFIED DEFERRED COMPENSATION PLAN 
  
 (Effective May 1, 2004) 
  

  
 Table of Contents

  

					
	 	  	 	  	Page

	 Article 1.
	  	Introduction	  	1
			
	 Article 2.
	  	Definitions	  	1
			
	 Article 3.
	  	Eligibility	  	2
			
	 Article 4.
	  	Elective Deferrals	  	3
			
	 Article 5.
	  	Matching Contributions	  	4
			
	 Article 6.
	  	Profit Sharing Contributions	  	5
			
	 Article 7.
	  	Deemed Investment Earnings	  	5
			
	 Article 8.
	  	Establishment of Trust	  	6
			
	 Article 9.
	  	Vesting and Distributions	  	6
			
	 Article 10.
	  	Administration of the Plan	  	8
			
	 Article 11.
	  	Amendment and Termination	  	8
			
	 Article 12.
	  	General Provisions	  	9

  

 i 

  
 HUDSON HIGHLAND GROUP,
INC. 
 NONQUALIFIED DEFERRED COMPENSATION PLAN 
  
 Article 1. Introduction 
  
 1.1. Title. The title of this Plan shall be the “Hudson Highland Group, Inc. Nonqualified Deferred Compensation Plan.” 

 
 1.2. Purpose. This Plan shall constitute an unfunded
nonqualified deferred compensation arrangement established for the purpose of providing deferred compensation to a select group of management or highly compensated employees (as defined for purposes of Title I of ERISA) of the Employers
participating in the Plan. The Plan is maintained and administered for the benefit of selected employees of the Employers, including those whose benefits under the Savings Plan are restricted by certain limitations of the Code. 
  
 Article 2. Definitions 
  
 “Account” means the Elective Deferrals Account, the Matching Contributions Account and/or the Profit
Sharing Account maintained on behalf of a Participant. 
  
 “Beneficiary” means the Participant’s beneficiary designated pursuant to Section 9.6. 
  
 “Board” means the Company’s Board of Directors. 
  
 “Code” means the Internal Revenue Code of 1986, as amended. 
  
 “Committee” means the Committee consisting of the Senior
Vice-President of Human Resources and the Chief Financial Officer of the Company, or such other officers of the Company as shall be designated by the Board from time to time to administer the Plan. 
  
 “Company” means Hudson Highland Group, Inc., a Delaware
corporation. 
  
 “Effective Date” means May 1,
2004. 
  
 “Elective Deferrals” means the
contributions made on behalf of a Participant pursuant to Section 4.1 of this Plan. 
  
 “Elective Deferrals Account” means the account maintained on behalf of each Participant which will represent the amount of Elective Deferrals made on behalf of such Participant pursuant to Section 4.1
of the Plan and the amount of deemed investment earnings and losses on such Participant’s Elective Deferrals. 
  
 “Eligible Employee” means an employee of an Employer who is eligible to participate in the Plan pursuant to Article 3. 
  
 “Employer” means the Company and each of its affiliates that
with the consent of the Committee participates in the Plan. 
  

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

  
 “Matching Contributions” means the
contributions made on behalf of a Participant pursuant to Section 5.1 of this Plan. 
  
 “Matching Contributions Account” means the account maintained on behalf of each Participant which will represent the amount of the Matching Contributions made on behalf of such Participant pursuant to
Section 5.1 of the Plan and the amount of the deemed investment earnings and losses on such Participant’s Matching Contributions. 
  
 “Participant” means any Eligible Employee who is participating in the Plan pursuant to Article 3. 
  
 “Permitted Investment” means such fund or type of investment
as may be approved by the Committee from time to time for purposes of this Plan. 
  
 “Plan” means this “Hudson Highland Group, Inc. Nonqualified Deferred Compensation Plan,” as amended from time to time. 
  
 “Plan Year” means the calendar year. 
  
 “Profit Sharing Contributions” means the contributions made on behalf of a Participant pursuant to Section
6.1 of the Plan. 
  
 “Profit Sharing Contributions
Account” means the account maintained on behalf of each Participant which will represent the amount of the Profit Sharing Contributions made on behalf of such Participant pursuant to Section 6.2 of the Plan and the amount of the deemed
investment earnings and losses on such Participant’s Profit Sharing Contributions. 
  
 “Savings Plan” means the Hudson Highland Group, Inc. 401(k) Savings Plan, as amended from time to time. 
  
 “Valuation Date” means each day on which the Nasdaq National Market or the New York Stock Exchange is open. 
  
 Article 3. Eligibility 
  
 Each employee of an Employer shall be eligible to participate in the Plan for a Plan Year if, as of a date designated by the
Committee, such employee: 
  

	 	(i)	is eligible to participate in the Savings Plan, 

  

	 	(ii)	is employed by an Employer in one of the following positions: (A) a Vice President or more senior position in the Corporate division of the Company, (B) a Regional Vice-President,
Vice President (Staff) or more senior position in the Hudson division of the Company or (C) a Partner, Managing Partner, Vice President (Staff) or more senior position in the Highland division of the Company, and 

  

 2 

	 	(iii)	is notified by the Committee in writing of such employee’s eligibility to participate in the Plan; 

  
 provided, however, that only those employees of an Employer who are in a select group of management or are highly compensated
(within the meaning of Title I of ERISA) may be designated as eligible to participate in this Plan. 
  
 Article 4. Elective Deferrals 
  
 4.1. Elective Deferral Election. Prior to the Effective Date and the first day of each Plan Year thereafter, each Eligible Employee shall be permitted to elect, in accordance with rules and procedures established by the
Committee, that Elective Deferrals be credited to his or her Elective Deferrals Account in any one or more of the following amounts: (i) a whole percentage, not in excess of 25%, of such Participant’s base pay for such Plan Year, including base
salary and draws on commissions, (ii) a whole percentage, not in excess of 100%, of such Participant’s annual bonus payable in such Plan Year and (iii) a whole percentage, not in excess of 100%, of such Participant’s commissions payable in
such Plan Year (other than draws on commissions). In order to participate in the Plan for any subsequent Plan Year, an Eligible Employee must submit a new election within the designated election period occurring prior to the Plan Year for which the
election is to be effective. In no event shall an election under the Plan apply to compensation payable prior to the date on which such election is received by the Committee. Each Participant’s compensation shall be reduced by the amount of all
Elective Deferrals made on his or her behalf. Subject to any applicable requirements and restrictions under the Code, the Committee also may permit each Participant to elect, in accordance with rules and procedures established by the Committee, that
any amount required to be distributed to such Participant from the Savings Plan in order to satisfy the nondiscrimination requirements of Section 401(k)(3) or 401(m)(2) of the Code shall instead be distributed to the Company and an amount equal to
the amount so distributed shall be credited to such Participant’s Elective Deferrals Account hereunder. 
  
 4.2. Suspension of Deferral Election. A Participant may elect to suspend all future Elective Deferrals for a Plan Year upon a demonstration
to the satisfaction of the Committee that the continuation of such Elective Deferrals for the remainder of the Plan Year would cause such Participant to suffer a financial hardship, as determined by the Committee in its sole discretion. A
Participant who is permitted to suspend Elective Deferrals during a Plan Year shall not be permitted to resume Elective Deferrals under the Plan prior to the first day of the following Plan Year. No other changes may be made during a Plan Year to
the percentage or amount of compensation subject to a Participant’s Elective Deferral election. 
  
 4.3. Elective Deferrals Account. The Committee shall establish and maintain an Elective Deferrals Account for each Participant who elects
Elective Deferrals under this Article 4. The Participant’s Elective Deferrals Account shall be a bookkeeping account maintained by the Company and shall reflect the amount of the Elective Deferrals credited hereunder on behalf of the
Participant. The Company shall credit Elective Deferrals to a Participant’s Elective Deferral Account within a reasonable period following the end of the payroll period during which the Participant’s compensation is reduced by the amount
of such Elective Deferral. The amount of any deemed investment earnings and losses on the amounts reflected in a Participant’s 

  

 3 

 
Elective Deferrals Account shall be credited or charged to his or her Elective Deferrals Account in accordance with Article 7. 
  
 4.4. Transfer of Elective Deferrals to Savings Plan. Prior to
the Effective Date and the first day of each Plan Year thereafter, each Participant shall be permitted to elect, in accordance with rules and procedures established by the Committee, that as of a date not later than two and one-half (21⁄2) months
after the end of such Plan Year, such Participant’s Elective Deferrals Account be reduced by an amount equal to the Maximum Permissible Contribution, as defined below, and that an amount equal to the Maximum Permissible Contribution be either
(i) distributed to the Participant in cash or (ii) deferred as an Elective Deferral under the Savings Plan. For purposes of this Section 4.4, a Participant’s “Maximum Permissible Contribution” with respect to a Plan Year shall be an
amount equal to the lesser of: 
  

	 	(a)	the maximum amount of Elective Deferrals which the Participant could elect for such Plan Year pursuant to the terms of the Savings Plan within the limits imposed under 402(g),
401(k)(3), 401(m)(2) and 401(a)(17) of the Code; and 

  

	 	(b)	the aggregate Elective Deferrals which the Participant elected under this Plan for such Plan Year. 

  
 An Participant’s election pursuant to this Section 4.4 with respect to a Plan Year shall be irrevocable. 
  
 Article 5. Matching Contributions 
  
 5.1. Matching Contributions. For each Plan Year, a Matching
Contribution shall be credited to each Participant’s Matching Contributions Account in an amount equal to the excess of: 
  

	 	(a)	the amount of the Matching Contribution that would have been made on behalf of the Participant under the Savings Plan for such Plan Year with respect to the Elective Deferrals made
pursuant to Section 4.1 hereof, including Elective Deferrals which the Participant elects to defer under the Savings Plan but excluding Elective Deferrals which the Participant elects to receive in cash, in either case pursuant to Section 4.4 of
this Plan, determined as though all such Elective Deferrals had been made under the Savings Plan (i) without regard to the limits imposed under the Savings Plan to enable the Savings Plan to satisfy the nondiscrimination requirements of sections
401(k)(3) and 401(m)(2) of the Code, but (ii) subject to the limits under sections 401(a)(17), 402(g) and 415 of the Code, over 

  

	 	(b)	the amount of the Matching Contribution actually made for the Participant under the Savings Plan for such Plan Year. 

  
 5.2. Matching Contributions Account. The Committee shall
establish and maintain a Matching Contributions Account for each Participant who is entitled to receive Matching Contributions under this Article 5. The Participant’s Matching Contributions Account shall be a bookkeeping account maintained by
the Company and shall reflect the amount of the Matching 

  

 4 

 
Contributions credited hereunder on behalf of the Participant. The Company shall credit a Matching Contribution to a Participant’s Matching
Contributions Account within a reasonable period following the end of the Plan Year for which such contribution is made. The amount of any deemed investment earnings and losses on the amounts reflected in a Participant’s Matching Contributions
Account shall be credited or charged to his or her Matching Contributions Account in accordance with Article 7. 
  
 Article 6. Profit Sharing Contributions 
  
 6.1. Profit Sharing Contributions. For any one or more Plan Years, a Profit Sharing Contribution may be credited to the Profit Sharing
Contributions Accounts maintained for the benefit of any one or more Participants, in such amount, if any, as the Board shall determine in its sole discretion. Such amount may, but need not, be an amount equal to the excess of (i) the amount of the
Profit Sharing Contributions, if any, that would have been allocated to the Participant’s account under the Savings Plan for such Plan Year without regard to either or both of the limitations of sections 401(a)(17) and 415 of the Code over (ii)
the amount of the Profit Sharing Contributions actually allocated to the Participant’s account under the Savings Plan for such Plan Year. 
  
 6.2. Profit Sharing Contributions Account. The Committee shall establish and maintain a Profit Sharing Contributions Account for each
Participant who is entitled to receive Profit Sharing Contributions under this Article 6. The Participant’s Profit Sharing Contributions Account shall be a bookkeeping account maintained by the Company and shall reflect the amount of the Profit
Sharing Contributions credited hereunder on behalf of the Participant. The Company shall credit a Profit Sharing Contribution to a Participant’s Profit Sharing Contributions Account within a reasonable period following the end of the Plan Year
for which such contribution is made. The amount of any deemed investment earnings and losses on the amounts reflected in a Participant’s Profit Sharing Contributions Account shall be credited or charged to his or her Profit Sharing
Contributions Account in accordance with Article 7. 
  
 Article 7. Deemed
Investment Earnings 
  
 7.1. Permitted
Investments. Each Participant may designate from time to time, in accordance with rules and procedures established by the Committee, that all or a portion of his or her Accounts be deemed to be invested in one or more Permitted Investments.

  
 7.2. Receipts. Each Participant’s Accounts
shall be deemed to receive all interest, dividends, earnings and other property which would have been received with respect to a Permitted Investment deemed to be held in such Accounts if the Company actually owned such Permitted Investment. Cash
deemed received with respect to a Permitted Investment shall be credited to the Accounts as of the date it would have been available for reinvestment if the Company actually owned the Permitted Investment. 
  
 7.3. Elections. All elections to be made by a Participant
pursuant to this Article 7 shall be made only by such Participant; provided, that if such Participant dies before his or her entire Account balance is distributed pursuant to the terms of the Plan, or if the Committee determines that such
Participant is legally incompetent or otherwise incapable of managing his or 

  

 5 

 
her own affairs, the Committee shall have the authority to itself make the elections pursuant to this Section 7.3 on behalf of such Participant, or designate
such Participant’s designated Beneficiary, legal representative or some near relative of such Participant to make the elections pursuant to this Section 7.3 on behalf of such Participant. 
  
 7.4. Actual Investment Not Required. The Company need not
actually make any Permitted Investment. If the Company should from time to time make any investment similar to a Permitted Investment, such investment shall be solely for the Company’s own account and the Participant shall have no right, title
or interest therein. Accordingly, each Participant is solely an unsecured creditor of the Company with respect to any amount distributable to the Participant under the Plan. 
  
 Article 8. Establishment of Trust 
  
 8.1. Establishment of Trust. The Company may, in its sole discretion, establish a grantor trust (as described in section 671 of the Code)
for the purpose of accumulating assets to provide for the obligations hereunder. The assets and income of such trust shall be subject to the claims of the general creditors of the Company. The establishment of such a trust shall not affect the
Company’s liability to pay benefits hereunder except that any such liability shall be offset by any payments actually made to a Participant under such a trust. In the event such a trust is established, the amount to be contributed thereto shall
be determined by the Company and the investment of such assets shall be made in accordance with the trust document. 
  
 8.2. Status of Trust. Participants shall have no direct or secured claim in any asset of the trust or in specific assets of the Company and
will have the status of general unsecured creditors of the Company for any amounts due under this Plan. 
  
 Article 9. Vesting and Distributions 
  
 9.1. Vesting of Elective Deferrals Account. Each Participant shall at all times have a one hundred percent (100%) vested and nonforfeitable interest in his or her Elective Deferrals Account. 

 
 9.2. Vesting of Matching Contributions Account and Profit
Sharing Account. Except as otherwise specified by the Board with respect to a Profit Sharing Contribution, each Participant shall become vested in his or her Matching Contributions Account and Profit Sharing Contributions Account at the same
time and to the same extent as the Participant shall become vested in his or her Matching Contributions and Profit Sharing Contributions accounts under the Savings Plan. The unvested portion of a Participant’s Matching Contributions Account and
Profit Sharing Account shall be immediately forfeited upon the termination of such Participant’s employment for any reason, and shall not thereafter be reallocated to the Accounts of any other Participants. 
  
 9.3. Timing of Distributions. If a Participant’s
employment with all Employers is terminated for any reason, including death, retirement, total and permanent disability, resignation or dismissal, the balance in the Participant’s Elective Deferral Account and the vested balance in the
Participant’s Matching Contributions Account and Profit Sharing Account (determined as of the Valuation Date on or immediately preceding the date on which the distribution is processed) 

  

 6 

 
shall be paid or begin to be paid to the Participant (or, in the event of the Participant’s death, to his or her Beneficiary) as soon as
administratively practicable after the end of the Plan Year in which the Participant’s termination of employment occurs. 
  
 9.4. Form of Distribution. The vested balance of a Participant’s Account shall be paid in the form of a lump sum cash payment unless
the Participant submits an election to receive such payment in annual cash installments over a period elected by the Participant, which period shall be not less than two years nor more than 15 years in duration. Such election shall be
submitted in accordance with procedures established by the Committee, and shall be effective only if submitted at least one year prior to the date on which the Participant’s termination of employment occurs or, if later, the Participant’s
commencement of participation in the Plan. The Participant’s Account shall continue to be credited with earnings or losses pursuant to Article 7 until the balance of such Account has been paid in full. If such Participant is entitled to a
Matching Contribution or Profit Sharing Contribution for the Plan Year in which his or her employment terminates, the Committee may defer payment of such Participant’s Account until such Matching Contribution or Profit Sharing Contribution has
been credited to such Participant’s Account. If a Participant dies before the vested balance of such Participant’s Account has been distributed to the Participant in full, the remaining vested balance of such Account shall be distributed
to the Participant’s Beneficiary in a single lump sum cash payment as soon as administratively practicable after the end of the Plan Year in which the Participant’s death occurs. 
  
 9.5. Involuntary Distributions. Notwithstanding the foregoing
provisions of this Article 9, the Committee may on its own initiative authorize the Company to distribute to any Participant (or to a designated Beneficiary in the event of the Participant’s death) all or any portion of the Participant’s
Elective Deferrals Account, Matching Contributions Account and Profit Sharing Contributions Account. Such payment would be specifically authorized in the event that there is a change in tax law, a published ruling or similar announcement issued by
the Internal Revenue Service, a regulation issued by the Secretary of the Treasury, a decision by a court of competent jurisdiction involving a Participant or a Beneficiary, or a closing agreement made under section 7121 of the Code that is approved
by the Internal Revenue Service and involves a Participant, and the Committee determines that a Participant has or will recognize income for federal income tax purposes with respect to amounts deferred under this Plan prior to the time such amounts
are paid to the Participant. 
  
 9.6. Designation of
Beneficiaries. Each Participant may name any one or more Beneficiaries (who may be named concurrently, contingently or successively) to whom the Participant’s Accounts under the Plan are to be paid if the Participant dies before such
Accounts are fully distributed. Each such Beneficiary designation will revoke all prior designations by the Participant, shall not require the consent of any previously named Beneficiary, and will be effective only when filed with the Committee
during the Participant’s lifetime. If a Participant fails to designate a Beneficiary before his or her death, as provided above, or if the Beneficiary designated by a Participant dies before the date of the Participant’s death or before
payment of the Participant’s Accounts, the Committee, in its discretion, may pay the Participant’s Accounts (a) to the surviving spouse of such deceased Participant, if any, or (b) if there shall be no surviving spouse, the surviving
children of such deceased Participant, if any, in equal shares, or (c) if there shall be no surviving spouse or children, to the executors or administrators of the 

  

 7 

 
estate of such deceased Participant, or (d) if no executor or administrator shall have been appointed for the estate of such deceased Participant within six
months from the date of the Participant’s death, to the person or persons who would be entitled under the intestate succession laws of the state of the Participant’s domicile to receive the Participant’s personal estate. 

 
 Article 10. Administration of the Plan 
  
 The Plan shall be administered by the Committee. The duties and authority of
the Committee under the Plan shall include (a) the interpretation of the provisions of the Plan, (b) the adoption of any rules and regulations which may become necessary or advisable in the operation of the Plan, (c) the making of such
determinations as may be permitted or required pursuant to the Plan, and (d) the taking of such other actions as may be required for the proper administration of the Plan in accordance with its terms. Any decision of the Committee with respect to
any matter within the authority of the Committee shall be final, binding and conclusive upon the Company and each Participant, former Participant, designated Beneficiary, and each person claiming under or through any Participant or designated
Beneficiary. Any action taken by the Committee with respect to any one or more Participants shall not be binding on the Committee as to any action to be taken with respect to any other Participant. A member of the Committee may be a Participant, but
no member of the Committee may participate in any decision directly affecting his or her rights or the computation of his or her benefits under the Plan. Each determination required or permitted under the Plan shall be made by the Committee in its
sole and absolute discretion. The members of the Committee may allocate their responsibilities and may designate any other person or committee, including employees of the Company, to carry out any of their responsibilities with respect to
administration of the Plan. The claims procedure applicable to claims and appeals of denied claims under the Savings Plan shall apply to any claims for benefits under the Plan and appeals of any such denied claims. 
  
 Article 11. Amendment and Termination 
  
 11.1. Amendment. The Company shall have the right to amend the
Plan from time to time, except that no amendment shall reduce the amount credited to a Participant’s Account without the consent of such Participant or, if the Participant is deceased, his or her Beneficiary. Any Plan amendment shall be adopted
by action of the Compensation Committee of the Board; provided, however, that the Company’s Executive Vice President, Human Resources, shall, and hereby is, also authorized to amend the Plan, but only to the extent that such
amendment: (i) is required or deemed advisable as the result of legislation or regulation; (ii) concerns solely routine ministerial or administrative matters; or (iii) is not routine, ministerial or administrative but does not materially increase
any cost to the Employers. 
  
 11.2. Plan
Termination. The Plan may be terminated at any time by action of the Compensation Committee of the Board in its sole discretion. Upon a termination of the Plan, the Compensation Committee may elect either to accelerate the payment of all
Accounts to Participants and Beneficiaries or to pay all Accounts pursuant to the terms of the Plan and the Participant elections thereunder. In no event, however, shall the amount credited to a Participant’s Account be reduced as a result of a
Plan termination without the consent of the Participant or, if the Participant is deceased, his or her Beneficiary. 
  

 8 

 Article 12. General Provisions 
  
 12.1. Non-Alienation of Benefits. A Participant’s rights to the amounts credited to his or her Accounts
under the Plan shall not be salable, transferable, pledgeable or otherwise assignable, in whole or in part, by the voluntary or involuntary acts of any person, or by operation of law, and shall not be liable or taken for any obligation of such
person. Any such attempted grant, transfer, pledge or assignment shall be null and void and without any legal effect. 
  
 12.2. Withholding for Taxes. Notwithstanding anything contained in this Plan to the contrary, the Employers shall withhold from any
distribution made under the Plan such amount or amounts as may be required for purposes of complying with the tax withholding provisions of the Code or any applicable State law for purposes of paying any tax attributable to any amounts distributable
or creditable under the Plan. The Company may reduce a Participant’s Account to reflect employment taxes payable with respect to deferred compensation prior to termination of employment. 
  
 12.3. Immunity of Committee Members. The members of the
Committee may rely upon any information, report or opinion supplied to them by any officer of the Company or any legal counsel, independent public accountant or actuary, and shall be fully protected in relying upon any such information, report or
opinion. No member of the Committee shall have any liability to the Company or any Participant, former Participant, designated Beneficiary, person claiming under or through any Participant or designated Beneficiary or other person interested or
concerned in connection with any decision made by such member of the Committee pursuant to the Plan which was based upon any such information, report or opinion if such member of the Committee relied thereon in good faith. 
  
 12.4. Plan Not to Affect Employment Relationship. Neither the
adoption of the Plan nor its operation shall in any way affect the right and power of any Employer to dismiss or otherwise terminate the employment or change the terms of the employment or amount of compensation of any Participant at any time, for
any reason or without cause. By accepting any payment under this Plan, each Participant, former Participant, designated Beneficiary and each person claiming under or through such person, shall be conclusively bound by any action or decision taken or
made under the Plan by the Committee. 
  
 12.5.
Notices. Any notice required to be given by the Company or the Committee hereunder shall be in writing and shall be delivered in person or by U.S. mail, interoffice mail, express courier service or electronic mail, to the address set
forth in the records of the Company. 
  
 12.6. Number;
Headings. Wherever any words are used herein in the singular form they shall be construed as though they were also used in the plural form in all cases where they would so apply. Headings of sections and subsections of the Plan are inserted for
convenience of reference and are not part of the Plan and are not to be considered in the construction thereof. 
  
 12.7. Controlling Law. The Plan shall be construed in accordance with the internal laws of the State of New York, to the extent not
preempted by any applicable federal law. 
  

 9 

 12.8. Successors. The Plan is binding on all persons entitled to benefits hereunder and
their respective heirs and legal representatives, on the Committee and its successor and on the Company and its successors, whether by way of merger, consolidation, purchase or otherwise. 
  
 12.9. Severability. If any provision of the Plan shall be held illegal or invalid for any reason, such
illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be enforced as if the invalid provisions had never been set forth therein. 
  
 IN WITNESS WHEREOF, Hudson Highland Group, Inc. has caused this Plan to be adopted by its duly authorized officer
this              day of
                            , 2004. 
  

			
	HUDSON HIGHLAND GROUP, INC.
		
	 By:
	 	 
	 	 	 

  

 10Summary of Hudson Highland Group, Inc. Compensation for Non-employee Members

 Exhibit 10.15 
  
 Summary of Hudson Highland Group, Inc. Compensation for Non-employee 
 Members of the Board of Directors 
  
 The Company’s policy of compensation for the non-employee members of the Board of Directors is as follows. 
  

	 	•	 	Retainer and Fees. Each non-employee director is entitled to receive an annual retainer of $25,000, a fee of $2,500 for each Board and Board committee meeting attended in person and
a fee of $1,000 for each telephonic Board meeting. The Chairperson of the Audit Committee receives an additional annual retainer of $10,000 and Chairpersons of other Board committees receives an additional annual retainer of $5,000. Additionally,
directors are reimbursed for out-of-pocket expenses associated with attending meetings of the Board and committees thereof. 

  

	 	•	 	Equity Compensation. Upon first being elected or appointed as a director of the Company, each non-employee director of the Company is granted an option to purchase 25,000 shares of
Common Stock under the terms of the Hudson Highland Group Long Term Incentive Plan. The exercise price for options is the fair market value of a share of Common Stock on the date of grant. Options have a term of ten years and become exercisable as
follows: 40% immediately on the date of grant, 60% after the first anniversary of the date of grant, 80% after the second anniversary, and 100% after the third anniversary.

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