Document:

Unassociated Document

    
      

    

    Exhibit 10.32

      

    
      
        TALEO
CORPORATION

        

        AMENDMENT
TO EMPLOYMENT AGREEMENT

        

        

        This
Amendment to the Employment Agreement (the “Amendment”) is made as of December
26, 2008, by and between Taleo Corporation (the “Company”), and Katy Murray
(“Executive”).

        

        RECITALS

        

        WHEREAS, the
Company and Executive are parties to a Katy Murray Employment Agreement dated
August 4, 2006 (the “Agreement”); and

        

        WHEREAS, the
Company and Executive desire to amend certain provisions of the Agreement in
order to come into compliance with Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”), and any final regulations and official
guidance promulgated thereunder (together, “Section 409A”), as set forth
below.

        

        NOW, THEREFORE, BE IT
RESOLVED, the Company and Executive agree that in consideration of the
foregoing and the promises and covenants contained herein, the parties agree as
follows:

        

        AGREEMENT

        

        1.    
        Bonus
Opportunity.  The following sentence shall be added to Section
3(b) of the Agreement entitled “Bonus,” immediately following the last sentence
of Section 3(b) of the Agreement:

        

        “Bonus
payments, if any, will be made no later than the 15th day of
the third month following the later of (i) the end of the Company’s fiscal year
in which such bonus is earned, or (ii) the end of the calendar year in which
such bonus is earned.”

        

        2.  
          Relocation Expense
Reimbursement.  The following sentence shall be added to
Section 6 of the Agreement entitled “Relocation Reimbursement,” immediately
following the last sentence of Section 6 of the Agreement:

        

        “It is
the understanding of the Company and Executive that in order for Executive to
receive such relocation reimbursement payments, Executive must be an employee
through the date of each such payment.”

        

        3.   
         Severance.  Sections
7(a) through 7(c) of the Agreement shall be amended and restated in their
entirety to provide as follows:

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  “(a)

                	
                  If
      Company or a successor corporation terminates Executive’s employment for
      any reason other than Cause (as defined below) or if Executive resigns for
      Good Reason (as defined below) then Company or the successor corporation
      will (1) pay prorated bonuses for any partially completed bonus periods
      through Executive’s termination date (at an assumed 100% on-target
      achievement of goal), less any applicable state and federal required
      withholding amounts and other lawful deductions, (2) pay six (6) months of
      Executive’s Base Salary at the rate in effect at the time of Executive’s
      resignation or termination of employment, less any applicable state and
      federal required withholding amounts and other lawful deductions, and (3)
      if Executive elects to continue Executive’s health insurance coverage
      under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)
      following such termination or resignation of Executive’s employment, pay
      the same portion of Executive’s monthly premium under COBRA as it pays for
      active employees until the earliest of (i) the close of the 6 month
      period following the termination of Executive’s employment, (ii) the
      expiration of Executive’s continuation coverage under COBRA, or (iii) the
      date when Executive becomes eligible for substantially equivalent health
      insurance coverage in connection with new employment or
      self-employment.

                

        

        

        
          	
                   
      

                	
                  (b)

                	
                  If
      Company or a successor corporation terminates Executive’s employment for
      any reason other than Cause (as defined below) or if Executive resigns for
      Good Reason (as defined below) and either such event takes place within
      one year following a Change in Control (as defined below), then Company or
      the successor corporation will (1) pay prorated bonuses for any partially
      completed bonus periods through Executive’s termination date (at an
      assumed 100% on-target achievement of goal), less any applicable state and
      federal required withholding amounts and other lawful deductions, (2) pay
      twelve (12) months of Executive’s Base Salary at the rate in effect at the
      time of Executive’s resignation or termination of employment, less any
      applicable state and federal required withholding amounts and other lawful
      deductions, (3) pay bonuses (at an assumed 100% on-target achievement of
      goal) at the rate in effect at the time of Executive’s resignation or
      termination of employment for a period of 12 months from the date of
      Executive’s resignation or termination of employment (bonuses will be
      prorated for any partially completed bonus periods through the 12 month
      period from the date of Executive’s resignation or termination of
      employment, less any applicable state and federal required withholding
      amounts and other lawful deductions, and (4) if Executive elects to
      continue Executive’s health insurance coverage under the Consolidated
      Omnibus Budget Reconciliation Act (“COBRA”) following such termination or
      resignation of Executive’s employment, pay the same portion of Executive’s
      monthly premium under COBRA as it pays for active employees until the
      earliest of (i) the close of the 12 month period following the termination
      of Executive’s employment, (ii) the expiration of Executive’s continuation
      coverage under COBRA, or (iii) the date when Executive becomes eligible
      for substantially equivalent health insurance coverage in connection with
      new employment or self-employment.

                

        

        

        
          	
                   
      

                	
                  (c)

                	
                  All
      benefits set forth in Sections 7(a) and 7(b) are collectively referred to
      as “Severance.”  Subject to Section 8(a) and to any required six
      (6) month delay pursuant to Section 15, Severance payments, other than
      reimbursements of COBRA premiums, shall be made by the Company in one lump
      sum and shall be paid within thirty (30) days of any such termination of
      employment.”

                

        

        
          
             

          

          
            -2-

            
              

            

          

          
             

          

        

        4.  
          Release of
Claims.  Section 8(a) of the Agreement entitled “Separation
Agreement and Release of Claims” shall be amended and restated in its entirety
to provide as follows:

        

        
          	
                   
      

                	
                  “(a)

                	
                  Separation Agreement
      and Release of Claims.  The receipt of any severance
      pursuant to this Agreement will be subject to Executive signing and not
      revoking a separation agreement and release of claims (the “Release”) in a
      form reasonably acceptable to the Company which becomes effective within
      sixty (60) days following Executive’s employment termination date or such
      earlier date as required by the Release (such deadline, the “Release
      Deadline”).  The Release will provide (among other things) that
      Executive will not disparage the Company, its directors, or its executive
      officers, and will contain No-Inducement, No-Solicit and Non-Compete terms
      consistent with this Agreement.  No severance pursuant to this
      Agreement will be paid or provided until the Release becomes
      effective.  Notwithstanding any timing of payment provision in
      Section 7, in the event severance payments provided under Section
      7(a) or Section 7(b) would be considered Deferred Payments (as defined in
      Section 15 below), then the following timing of payments will apply to
      such Deferred Payments, in each case subject to any delay in payment
      required by the provisions of Section 15 (and provided the Release becomes
      effective):

                

        

        

        
          	
                   
      

                	
                  (i)

                	
                  If
      the Release Deadline is on or before December 10 of the calendar year in
      which Executive’s “separation from service” (within the meaning of
      Section 409A of the Internal Revenue Code of 1986, as amended,
      and any final regulations and official guidance promulgated thereunder
      (together, “Section 409A”)) occurs, any portion of the severance
      payments or benefits provided under Section 7(a) or Section 7(b) that
      would be considered Deferred Payments will be paid to Executive on or
      before December 31 of that calendar year or such later time as required by
      Section 15 of this Agreement, if applicable;
and

                

        

        

        
          	
                   
      

                	
                  (ii)

                	
                  If
      the Release Deadline is after December 10 of the calendar year in which
      Executive’s “separation from service” (within the meaning of
      Section 409A) occurs, any portion of the severance payments or
      benefits provided under Section 7(a) or Section 7(b) that would
      be considered Deferred Payments will be paid on the first payroll date to
      occur during the calendar year following the calendar year in which such
      separation of service occurs or such later time as required by
      (A) the Release Deadline, or (B) Section 15 of this Agreement,
      if applicable.”

                

        

        

        5.  
          Section
409A.  Section 15 of the Agreement entitled “Section 409A”
shall be amended and restated in its entirety to provide as
follows:

        

        
          “15. 
   Section
409A.

        

        
          
             

          

          
            -3-

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  (a)

                	
                  Notwithstanding
      anything to the contrary in this Agreement, no severance payments or
      benefits payable to Executive, if any, pursuant to this Agreement that,
      when considered together with any other severance payments or separation
      benefits, is considered deferred compensation under Section 409A
      (together, the “Deferred Payments”) will be payable until Executive has a
      “separation from service” within the meaning of Section
      409A.  Similarly, no severance payable to Executive, if any,
      pursuant to this Agreement that otherwise would be exempt from Section
      409A pursuant to Treasury Regulation Section 1.409A-1(b)(9) will be
      payable until Executive has a “separation from service” within the meaning
      of Section 409A.

                

        

        

        
          	
                   
      

                	
                  (b)

                	
                  Further,
      if Executive is a “specified employee” within the meaning of
      Section 409A at the time of Executive’s separation from service
      (other than due to death), any Deferred Payments that otherwise are
      payable within the first six (6) months following Executive’s separation
      from service will become payable on the first payroll date that occurs on
      or after the date six (6) months and one (1) day following the date of
      Executive’s separation from service.  All subsequent Deferred
      Payments, if any, will be payable in accordance with the payment schedule
      applicable to each payment or benefit.  Notwithstanding anything
      herein to the contrary, in the event of Executive’s death following
      Executive’s separation from service but prior to the six (6) month
      anniversary of Executive’s separation from service (or any later delay
      date), then any payments delayed in accordance with this paragraph will be
      payable in a lump sum as soon as administratively practicable after the
      date of Executive’s death and all other Deferred Payments will be payable
      in accordance with the payment schedule applicable to each payment or
      benefit.  Each payment and benefit payable under the Agreement
      is intended to constitute a separate payment for purposes of Section
      1.409A-2(b)(2) of the Treasury
Regulations.

                

        

        

        
          	
                   
      

                	
                  (c)

                	
                  Any
      severance payment that satisfies the requirements of the “short-term
      deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury
      Regulations shall not constitute Deferred Payments for purposes of the
      Agreement.  Any severance payment that qualifies as a payment
      made as a result of an involuntary separation from service pursuant to
      Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not
      exceed the Section 409A Limit shall not constitute Deferred Payments for
      purposes of the Agreement.  For purposes of this subsection (c),
      “Section 409A Limit” will mean the lesser of two (2) times: (i)
      Executive’s annualized compensation based upon the annual rate of pay paid
      to Executive during the Company’s taxable year preceding the Company’s
      taxable year of Executive’s separation from service as determined under
      Treasury Regulation Section 1.409A-1(b)(9)(iii)(A)(1) and any Internal
      Revenue Service guidance issued with respect thereto; or (ii) the maximum
      amount that may be taken into account under a qualified plan pursuant to
      Section 401(a)(17) of the Code for the year in which Executive’s
      employment is terminated.

                

        

        
          
             

          

          
            -4-

            
              

            

          

          
             

          

        

        
          	
                   
      

                	
                  (d)

                	
                  The
      foregoing provisions are intended to comply with the requirements of
      Section 409A so that none of the severance payments and benefits to be
      provided under the Agreement will be subject to the additional tax imposed
      under Section 409A, and any ambiguities herein will be interpreted to so
      comply.  Executive and the Company agree to work together in
      good faith to consider amendments to the Agreement and to take such
      reasonable actions which are necessary, appropriate or desirable to avoid
      imposition of any additional tax or income recognition prior to actual
      payment to Executive under Section
409A.”

                

        

        

        6.   
         Integration.  The
following sentence shall be added to Section 16 of the Agreement entitled
“Integration,” immediately following the last sentence of Section
16:

        

        “With
respect to stock options and awards of restricted stock granted on or after the
date hereof, the acceleration of vesting provisions provided herein will apply
to such awards except to the extent otherwise explicitly provided in the
applicable equity award agreement.”

        

        7.   
         280G Best
Results.  The following sentences shall be added to Section 24
of the Agreement entitled “Parachutes,” immediately following the last sentence
of Section 24:

        

        “Any
reduction in payments and/or benefits required by this Section 24 will occur in
the following order: (a) reduction of cash payments; (b) reduction of vesting
acceleration of equity awards; and (c) reduction of other benefits paid or
provided to Executive.  In the event that acceleration of vesting of
equity awards is to be reduced, such acceleration of vesting will be cancelled
in the reverse order of the date of grant for Executive’s equity
awards.  If two or more equity awards are granted on the same date,
each award will be reduced on a pro-rata basis.”

        

        8.  
          Full Force and
Effect.  To the extent not expressly amended hereby, the
Agreement shall remain in full force and effect.

        

        9.     
       Entire
Agreement.  This Amendment and the Agreement constitute the
full and entire understanding and agreement between the parties with regard to
the subjects hereof and thereof.

         

        10.           Counterparts.  This
Amendment may be executed in counterparts, all of which together shall
constitute one instrument, and each of which may be executed by less than all of
the parties to this Amendment.

        

        11.           Amendment.  Any
provision of this Amendment may be amended, waived or terminated by a written
instrument signed by the Company and Executive.

        

        12.           Governing
Law.  This Amendment shall be governed by the laws of the State
of California (with the exception of its conflict of laws
provisions).

         

        (Signature page
follows)
 

        
          
             

          

          
            -5-

            
              

            

          

          
             

          

        

        IN WITNESS WHEREOF, the
undersigned parties have caused this Amendment to be executed as of the date
first set forth above.

        

        

        
          
            	
                    KATY
      MURRAY

                  	 
      	
                    TALEO
      CORPORATION

                  	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                    /s/ Katy Murray

                  	 
      	
                    /s/ Josh Faddis

                  	 
      
	
                    Signature

                  	 
      	
                    Signature

                  	 
      
	 
      	 
      	 
      	 
      
	
                    Katy Murray

                  	 
      	
                    Josh Faddis

                  	 
      
	
                    Print
      Name

                  	 
      	
                    Print
      Name

                  	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                    VP, Legal

                  	 
      
	 
      	 
      	
                    Print
      Title

                  	 
      

          

        

         

         

        (Signature
page to Amendment to Katy Murray Employment Agreement)

         

         

      

    

     
-6-Unassociated Document

    
      

    

    Exhibit 10.33

      
           

        
          TALEO
CORPORATION

          

          AMENDMENT
TO EMPLOYMENT AGREEMENT

          

          

          This
Amendment to the Contract of Employment (the “Amendment”) is made as of December
24, 2008, by and between Taleo Corporation (the “Company”), and Guy Gauvin
(“Executive”).

          

          RECITALS

          

          WHEREAS, the
Company and Executive are parties to a Contract of Employment dated
March 8, 2006 (the “Agreement”); and

          

          WHEREAS, the
Company and Executive desire to amend certain provisions of the Agreement in
order to come into compliance with Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”), and any final regulations and official
guidance promulgated thereunder (together, “Section 409A”), in case Executive
becomes subject to U.S. tax law such that his compensation becomes or may become
subject to Section 409A, as set forth below.

          

          NOW, THEREFORE, BE IT
RESOLVED, the Company and Executive agree that in consideration of the
foregoing and the promises and covenants contained herein, the parties agree as
follows:

          

          AGREEMENT

          

          1.     
       An Appendix A shall be
added to the Agreement as follows:

          

          “Appendix
A

          

          Notwithstanding
anything to the contrary set forth in the Agreement, in the event that Executive
becomes subject to U.S. taxation such that Executive becomes or may become
subject to Section 409A of the Internal Revenue Code of 1986, as amended, and
any final regulations and official guidance promulgated thereunder (together,
“Section 409A”), the following terms and conditions shall apply to this
Agreement.  For the avoidance of doubt, this Appendix A shall not
become effective so long as Executive is not subject to U.S. taxation or
otherwise is exempt from the requirements of Section 409A.  Reference
to any Section of the Agreement referenced in this Appendix A shall be
in reference to such Section as amended herein.

          

          A.           Bonus
Opportunity.  The following sentence is added to Section 3.2 of
the Agreement entitled “Bonus,” immediately following the last sentence of
Section 3.2 of the Agreement:

          

          “Bonus
payments, if any, will be made no later than the 15th day of
the third month following the later of (i) the end of the Taleo’s fiscal year in
which such bonus is earned, or (ii) the end of the calendar year in which such
bonus is earned.”

          
            
               

            

            
              
              

              
                

              

            

            
               

            

          

          B.           Severance.  Sections
6.1 through 6.3 of the Agreement are amended and restated in their entirety to
provide as follows:

          

          
            	
                     
      

                  	
                    “6.1

                  	
                    If
      Taleo or a successor corporation terminates Executive’s employment for any
      reason other than Cause (as defined below) or if Executive resigns for
      Good Reason (as defined below) then Taleo or the successor corporation
      will (1) pay prorated bonuses for any partially completed bonus periods
      through Executives termination date (at an assumed 100% on-target
      achievement of goal), less any applicable state and/or provincial and
      federal required withholding amounts and other lawful deductions, (2) pay
      a lump sum equal to twelve (12) months of Executive’s Base Salary at the
      rate in effect at the time of Executive’s resignation or termination of
      employment, less any applicable state and/or provincial and federal
      required withholding amounts and other lawful deductions, and (3) Taleo
      will reimburse Executive for any applicable premiums Executive pays for
      coverage for Executive and Executive’s eligible dependents for
      substantially the same health insurance coverage as provided by the Taleo
      plan for a period of 12 months following the termination of Executive’s
      employment, or the date when Executive becomes eligible for substantially
      equivalent health insurance coverage in connection with new employment or
      self-employment.

                  

          

          

          
            	
                     
      

                  	
                    6.2

                  	
                    If
      Taleo or a successor corporation terminates Executive’s employment for any
      reason other than Cause (as defined below) or if Executive resigns for
      Good Reason (as defined below) and either such event takes place within
      one year following a Change in Control (as defined below), then Taleo or
      the successor corporation will (1) pay prorated bonuses for any partially
      completed bonus periods through Executives termination date (at an assumed
      100% on-target achievement of goal), less any applicable state and/or
      provincial and federal required withholding amounts and other lawful
      deductions, (2) pay a lump sum equal to twelve (12) months of Executive’s
      Base Salary at the rate in effect at the time of Executive’s resignation
      or termination of employment, less any applicable state and/or provincial
      and federal required withholding amounts and other lawful deductions, (3)
      pay bonuses (at an assumed 100% on-target achievement of goal) at the rate
      in effect at the time of Executive’s resignation or termination of
      employment for a period of 12 months from the date of Executive’s
      resignation or termination of employment (bonuses will be prorated for any
      partially completed bonus periods through the 12 month period from the
      date of Executive’s resignation or termination of employment), less any
      applicable state and/or provincial and federal required withholding
      amounts and other lawful deductions, and (4) Taleo will reimburse
      Executive for any applicable premiums Executive pays for coverage for
      Executive and Executive’s eligible dependents for substantially the same
      health insurance coverage as provided by the Taleo plan for a period of 12
      months following the termination of Executive’s employment, or the date
      when Executive becomes eligible for substantially equivalent health
      insurance coverage in connection with new employment or
      self-employment.

                  

          

          
            
               

            

            
              -2-

              
                

              

            

            
               

            

          

          
            	
                     
      

                  	
                    6.3

                  	
                    All
      benefits set forth in Sections 6.1 and 6.2 are collectively referred to as
      “Severance.”  Subject to Section 6.13 and to any required six
      (6) month delay pursuant to Section E of this Appendix A,
      Severance payments, other than reimbursement of health insurance premiums,
      shall be made by Taleo in one lump sum and shall be paid within thirty
      (30) days of any such termination of
  employment.”

                  

          

          

          C.           Release of
Claims.  Section 6.13 of the Agreement entitled “Separation
Agreement and Release of Claims” is amended and restated in its entirety to
provide as follows:

          

          
            	
                     
      

                  	
                    “6.13

                  	
                    Separation Agreement
      and Release of Claims.  The receipt of any severance
      pursuant to this Agreement will be subject to Executive signing and not
      revoking a separation agreement and release of claims (the “Release”) in a
      form reasonably acceptable to Taleo which becomes effective within sixty
      (60) days following Executive’s employment termination date or such
      earlier date as required by the Release (such deadline, the “Release
      Deadline”).  The Release will provide (among other things) that
      Executive will not disparage Taleo, its directors, or its executive
      officers, and will contain No-Inducement, No-Solicit and Non-Compete terms
      consistent with this Agreement.  No severance pursuant to this
      Agreement will be paid or provided until the Release becomes
      effective.  Notwithstanding any timing of payment provision in
      Section 6, in the event severance payments provided under Section 6.1
      or Section 6.2 would be considered Deferred Payments (as defined in
      Section E of Appendix A below),
      then the following timing of payments will apply to such Deferred
      Payments, in each case subject to any delay in payment required by the
      provisions of Section D of this Appendix A (and
      provided the Release becomes
effective):

                  

          

          

          
            	
                     
      

                  	
                    (i)

                  	
                    If
      the Release Deadline is on or before December 10 of the calendar year in
      which Executive’s “separation from service” (within the meaning of
      Section 409A of the Internal Revenue Code of 1986, as amended,
      and any final regulations and official guidance promulgated thereunder
      (together, “Section 409A”)) occurs, any portion of the severance
      payments or benefits provided under Section 6.1 or Section 6.2 that
      would be considered Deferred Payments will be paid to Executive on or
      before December 31 of that calendar year or such later time as required by
      (A) the payment schedule applicable to each payment or benefit as set
      forth in Section 6, or (B) if applicable, Section D of this
      Appendix
      A; and

                  

          

          

          
            	
                     
      

                  	
                    (ii)

                  	
                    If
      the Release Deadline is after December 10 of the calendar year in which
      Executive’s “separation from service” (within the meaning of
      Section 409A) occurs, any portion of the severance payments or
      benefits provided under Section 6.1 or Section 6.2 that would be
      considered Deferred Payments will be paid on the first payroll date to
      occur during the calendar year following the calendar year in which such
      separation of service occurs or such later time as required by
      (A) the payment schedule applicable to each payment or benefit as set
      forth in Section 6, (B) the Release Deadline, or (C) if
      applicable, Section D of this Appendix
      A.”

                  

          

          
            
               

            

            
              -3-

              
                

              

            

            
               

            

          

          D.           Section
409A.  Sections 8.9 and 8.10 of the Agreement are amended and
restated in their entirety to provide as follows:

          

          
            	
                     
      

                  	
                    “8.9

                  	
                    Section
      409A.

                  

          

          

          
            	
                     
      

                  	
                    (a)

                  	
                    Notwithstanding
      anything to the contrary in this Agreement, no severance payments or
      benefits payable to Executive, if any, pursuant to this Agreement that,
      when considered together with any other severance payments or separation
      benefits, is considered deferred compensation under Section 409A
      (together, the “Deferred Payments”) will be payable until Executive has a
      “separation from service” within the meaning of Section
      409A.  Similarly, no severance payable to Executive, if any,
      pursuant to this Agreement that otherwise would be exempt from Section
      409A pursuant to Treasury Regulation Section 1.409A-1(b)(9) will be
      payable until Executive has a “separation from service” within the meaning
      of Section 409A.

                  

          

          

          
            	
                     
      

                  	
                    (b)

                  	
                    Further,
      if Executive is a “specified employee” within the meaning of
      Section 409A at the time of Executive’s separation from service
      (other than due to death), any Deferred Payments that otherwise are
      payable within the first six (6) months following Executive’s separation
      from service will become payable on the first payroll date that occurs on
      or after the date six (6) months and one (1) day following the date of
      Executive’s separation from service.  All subsequent Deferred
      Payments, if any, will be payable in accordance with the payment schedule
      applicable to each payment or benefit.  Notwithstanding anything
      herein to the contrary, in the event of Executive’s death following
      Executive’s separation from service but prior to the six (6) month
      anniversary of Executive’s separation from service (or any later
      delay date), then any payments delayed in accordance with this paragraph
      will be payable in a lump sum as soon as administratively practicable
      after the date of Executive’s death and all other Deferred Payments will
      be payable in accordance with the payment schedule applicable to each
      payment or benefit.  Each payment and benefit payable under the
      Agreement is intended to constitute a separate payment for purposes of
      Section 1.409A-2(b)(2) of the Treasury
  Regulations.

                  

          

          
            
               

            

            
              -4-

              
                

              

            

            
               

            

          

          
            	
                     
      

                  	
                    (c)

                  	
                    Any
      severance payment that satisfies the requirements of the “short-term
      deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury
      Regulations shall not constitute Deferred Payments for purposes of the
      Agreement.  Any severance payment that qualifies as a payment
      made as a result of an involuntary separation from service pursuant to
      Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not
      exceed the Section 409A Limit shall not constitute Deferred Payments for
      purposes of the Agreement.  For purposes of this subsection (c),
      “Section 409A Limit” will mean the lesser of two (2) times: (i)
      Executive’s annualized compensation based upon the annual rate of pay paid
      to Executive during Taleo’s taxable year preceding Taleo’s taxable
      year of Executive’s separation from service as determined under Treasury
      Regulation Section 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue
      Service guidance issued with respect thereto; or (ii) the maximum amount
      that may be taken into account under a qualified plan pursuant to Section
      401(a)(17) of the Code for the year in which Executive’s employment is
      terminated.

                  

          

          

          
            	
                     
      

                  	
                    (d)

                  	
                    The
      foregoing provisions are intended to comply with the requirements of
      Section 409A so that none of the severance payments and benefits to be
      provided under the Agreement will be subject to the additional tax imposed
      under Section 409A, and any ambiguities herein will be interpreted to so
      comply.  Executive and Taleo agree to work together in good
      faith to consider amendments to the Agreement and to take such reasonable
      actions which are necessary, appropriate or desirable to avoid imposition
      of any additional tax or income recognition prior to actual payment to
      Executive under Section 409A.”

                  

          

          

          E.           Integration.  The
following sentence is added to Section 8.4 of the Agreement, immediately
following the last sentence of Section 8.4:

          

          “With
respect to stock options and awards of restricted stock granted on or after the
date hereof, the acceleration of vesting provisions provided herein will apply
to such awards except to the extent otherwise explicitly provided in the
applicable equity award agreement.””

          

          2.    
        Full Force and
Effect.  To the extent not expressly amended hereby, the
Agreement shall remain in full force and effect.

          

          3.   
         Entire
Agreement.  This Amendment and the Agreement constitute the
full and entire understanding and agreement between the parties with regard to
the subjects hereof and thereof.

          

          4.   
         Counterparts.  This
Amendment may be executed in counterparts, all of which together shall
constitute one instrument, and each of which may be executed by less than all of
the parties to this Amendment.

          
            
               

            

            
              -5-

              
                

              

            

            
               

            

          

          5.    
        Amendment.  Any
provision of this Amendment may be amended, waived or terminated by a written
instrument signed by the Company and Executive.

          

          6.     
       Governing
Law.  This Amendment shall be governed by the laws of the
Province of Quebec (with the exception of its conflict of laws
provisions).

          

          (Signature page
follows)

          
            
               

            

            
              -6-

              
                

              

            

            
               

            

          

          IN WITNESS WHEREOF, the
undersigned parties have caused this Amendment to be executed as of the date
first set forth above.

          

          

          
            
              	
                      GUY
      GAUVIN

                    	 
      	
                      TALEO
      CORPORATION

                    	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                      /s/ Guy Gauvin

                    	 
      	
                      /s/ Josh Faddis

                    	 
      
	
                      Signature

                    	 
      	
                      Signature

                    	 
      
	 
      	 
      	 
      	 
      
	
                      Guy Gauvin

                    	 
      	
                      Josh Faddis

                    	 
      
	
                      Print
      Name

                    	 
      	
                      Print
      Name

                    	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                      VP, Legal

                    	 
      
	 
      	 
      	
                      Print
      Title

                    	 
      

            

          

          

          

          (Signature
page to Amendment to Guy Gauvin Employment
Agreement)

      

    

     
-7-

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