Document:

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                                                                   EXHIBIT 10.28

                         KORN/FERRY EMPLOYMENT CONTRACT

     AGREEMENT dated May 1, 1995, by and between KORN/FERRY INTERNATIONAL, a
California corporation, (hereinafter called the "Corporation") and James E.
Boone, (hereinafter called the "Executive").

                              W I T N E S S E T H:

     In consideration of the mutual covenants contained herein, the parties
agree as follows:

     FIRST: The Corporation agrees to employ the Executive and the Executive
agrees to serve the Corporation, and any subsidiary or affiliate of the
Corporation, in the capacity of Managing Director, for the term of this
agreement.

     SECOND: The initial term of the Executive's employment under this agreement
shall be for the period commencing on April 30, 1995 and expiring on April 30,
1996 (unless sooner terminated as provided in this agreement) and thereafter
Executive's employment hereunder shall automatically continue year to year for
further successive terms of one year each (each ending on the next April 30th,
each such year being referred to as an "extended year"), unless at least thirty
(30) days prior to the end of the initial term or the then current extended
year, as the case may be, either party does not wish the employment of Executive
under this agreement to be continued beyond the end of the initial term or then
current extended year, as the case may be, in which event Executive's employment
shall terminate at the end of such initial term or then current extended year.

     THIRD: (A) The Executive shall devote his full time and efforts to the
business and affairs of the Corporation, its subsidiaries and affiliates

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and shall use his best efforts to promote the interests thereof. During the term
of this agreement, the Executive shall not engage in any other business or
business activity whether or not such business activity is pursued for gain,
profit or other pecuniary advantage; provided, however, that the Executive shall
not be prevented from investing his assets in such form or manner as will not
require any substantial amount of time or services on the part of the Executive
in the operation of the affairs of the enterprises in which such investments are
made.

          (B) The Executive agrees to hold such offices in the Corporation
and/or any subsidiary or affiliate of the Corporation to which, from time to
time, he may be elected or appointed, without additional compensation. The
Executive shall render such services to the Corporation and/or to any and all
subsidiaries and affiliates of the Corporation at such times and at such places
as shall from time to time be designated by the Board of Directors and/or the
President of the Corporation.

          (C) It is contemplated that the Executive shall perform his duties in
such places as may be required. The Executive may be obliged, from time to time,
and for reasonable periods of time, to travel in the performance of his duties.
In such cases, the Corporation shall pay or reimburse the Executive for all
reasonable travel and other expenses incurred by him in connection with the
performance of his services under this agreement, upon presentation of expense
statements or vouchers and such other supporting information as it may from time
to time request; provided, however, that the amount available for such travel
and other expenses may be fixed in advance by the President.

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     FOURTH: (A) The Corporation shall compensate the Executive for the services
to be rendered by the Executive hereunder, including all services, if any, to be
rendered as an officer and/or Director of the Corporation and/or any subsidiary
or affiliate of the Corporation. During the initial term of the Executive's
employment hereunder, such compensation shall be at the rate of $200,000 per
annum; during an extended year of the Executive's employment hereunder, such
compensation shall be at the same rate per annum as was in effect during the
prior extended year (or during the initial term in the case of the first such
extended year). Corporation may, in its sole discretion, but shall not be
obligated to increase Executive's rate of compensation in the course of
Corporation's annual compensation review or otherwise by written agreement with
Executive. The applicable compensation for the initial term and for each
extended year (if any) shall be paid in equal (semi-) monthly installments.

          (B) The Executive shall, in addition to his salary, be eligible to
receive an annual bonus as may be approved by the Board of Directors, less
income tax withholding and other customary employee deductions. In the event of
termination of the Executive's employment under this Agreement, he shall be
entitled only to such payment of the bonus as was approved by or pursuant to
authority from the Board of Directors as of the date of termination.

          (C) The Executive shall be eligible to participate in any group
insurance, deferred compensation or other plan or program adopted by the
Corporation for the benefit of its executive employees of similar stature of the
Executive in accordance with the provisions of the respective plan or plans.

          (D) The Executive shall be entitled to twenty (20) days annual
vacation, exclusive of sick leave and holidays recognized by the Corporation,
which may be taken at such times as are consistent with good business practices.

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     FIFTH: (A) The Executive acknowledges that (i) he holds a senior management
position with the Corporation, (ii) in such capacity he is responsible for
carrying out procedures and methods by which the Corporation develops and
conducts its business, (iii) he has access to the Corporation's clients,
channels for developing clients and recruiting executives for employment, and
other confidential information of the Corporation, (iv) he has direct
substantial responsibility to maintain the Corporation's business relationship
with clients of the Corporation whose affairs he handles, (v) it would be unfair
to the Corporation if the Executive were to appropriate to himself or others the
benefits of the Corporation's many years of developing such business
relationships, especially when the Executive enjoys a relationship with a client
of the Corporation as a result of his being introduced to the client's personnel
as the representative of the Corporation, (vi) it would be unfair to the
Corporation if the Executive were to appropriate to himself or others the
benefits of the business, personnel and other confidential information which the
Corporation has developed in the conduct of its business and (vii) it is
therefore fair that reasonable restrictions should be placed on certain
activities of the Executive after his employment with the Corporation
terminates.

          (B) The Executive agrees during his term of employment, except as
necessary to carry on the business of the Corporation, and after the expiration
of his employment, that he shall not, directly or indirectly, use or disclose to
any person, firm or corporation, any candidate list, personal histories or
resumes, employment information, business information, customer lists, business
secrets, or any other information not generally known in the industry concerning
the business or policies of the Corporation, including, but not limited to, the
Corporation's list of clients or placement candidates.

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          (C) The Executive agrees that during the term of his employment
hereunder, and for the two year period immediately subsequent to the expiration
of his employment, he will not directly or indirectly (as owner, principal,
agent, partner, officer, employee, independent contractor, consultant,
stockholder or otherwise), (i) solicit or accept any executive search or
placement assignment from, or otherwise attempt to provide services then
provided by the Corporation to, any existing client of the Corporation or its
subsidiaries or affiliates or any person who has been a client of the
Corporation or its subsidiaries or affiliates during the preceding two years,
(ii) solicit for employment or otherwise attempt to engage the services of any
employee of the Corporation or its subsidiaries or affiliates. The term "client"
as used in clause (C) (i) hereof shall mean only clients as to which the
Executive, at any time during the three years preceding his termination of
employment, contacted or engaged in activities on behalf of the Corporation.

          (D) Nothing herein shall be deemed to prevent the Executive after
termination of his employment, from engaging in business competitive to that of
the Corporation provided the Executive does so without violating the above
provisions which, among other matters, prohibit the Executive's utilizing the
Corporation's confidential records, soliciting the Corporation's employees and
soliciting the Corporation's clients as defined in clause (C) (i) hereof.

          (E) The Executive recognizes and acknowledges that any breach of the
foregoing subparagraphs FIFTH (B) and (C) would result in immeasurable and
irreparable harm to the Corporation, and accordingly, agrees that in addition
to, and not in lieu of, all other remedies available to the Corporation by
reason of such breach, the Corporation shall be entitled to temporary and
permanent injunctive relief to prevent the occurrence or continuation thereof.

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     SIXTH: (A) The Executive's employment under this agreement shall terminate
upon the first to happen or occur of any of the following events or conditions:

     (1)  the death of the Executive;

     (2)  the permanent disability of the Executive; or

     (3)  the Corporation's election to terminate the employment of the
          Executive upon notice to him if:

          (a) the Executive shall by reason of illness, physical or mental
          disability or other incapacity, fail to render the services provided
          for by this agreement for a period of sixty (60) consecutive days or
          for nonconsecutive periods aggregating more than one hundred twenty
          (120) days within any six month period, exclusive of Saturdays,
          Sundays, holidays or days on which the Executive was on vacation
          provided, however, that the Corporation shall have given the Executive
          such notice during his absence; or

          (b) in the opinion of the Board of Directors of the Corporation, or a
          committee thereof, the Executive has breached any statutory or common
          law duty of loyalty to the Corporation, or has neglected those duties
          in such a manner as to meet reasonable standards of performance
          established by the Board of Directors or a committee thereof.

               (B) All compensation shall cease to accrue upon termination of
the Executive's employment.

               (C) The Executive's employment hereunder may be terminated with
cause by the Corporation in the event the Executive shall commit any act of
fraud against the Corporation, or any criminal act. Any such act shall be deemed
to be a breach of this agreement by the Executive.

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     SEVENTH: In the event that the Executive is unable, for any reason to
perform the duties required of him under this agreement for a period of thirty
(30) consecutive days, the Corporation shall have the right at its option to
suspend payment of all forms of compensation provided for in paragraph FOURTH
hereof from and after the expiration of such thirty (30) day period. Any such
suspension shall not extend the term of employment hereunder nor shall the
Executive be entitled to retroactive compensation for the period of such
suspension.

     EIGHTH: All notices, requests, demands and other communications provided
for by this agreement shall be in writing and shall be deemed to have been given
at the time when mailed at any general or branch United States Post Office, by
first class postage prepaid, certified or registered mail, return receipt
requested, and addressed to the address of the respective party stated below or
to such changed address as such party may have fixed by like notice similarly
given:

     To the Corporation:               Korn/Ferry International
                                       Executive Offices
                                       237 Park Avenue
                                       New York, New York 10017

     To the Executive:                 _________________________

                                       _________________________

                                       _________________________

                                       _________________________

provided, however, that any notice of change of address shall be deemed to have
been given only upon receipt, or first attempted delivery by the post office.

     NINTH: This agreement shall inure to the benefit of and be binding upon the
Corporation, its successors and assigns, and the Executive, his

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heirs, executors, administrators and legal representatives, except that this
agreement shall terminate upon the death of the Executive.

     TENTH: This agreement sets forth the entire agreement and understanding
between the parties as to the subject matter hereof and merges and supersedes
all prior discussions, agreements and understandings of any kind and every
nature between them.

     ELEVENTH: This agreement shall not be changed, modified or amended except
by a writing signed by the parties hereto.

     TWELFTH: This agreement shall be governed by the laws of the State of New
York.

     THIRTEENTH: In the event that any provision of this agreement, or the
application of any provision hereof, is declared to be illegal, invalid or
otherwise unenforceable by a court of competent jurisdiction, the remainder of
this agreement shall not be affected except to the extent necessary to delete
such illegal, invalid or unenforceable provision, unless the provision held
invalid shall substantially impair the benefit of the remaining portion of this
agreement.

     FOURTEENTH: This agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

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IN WITNESS WHEREOF, this agreement has been executed by the parties in New York
on the day and in the year first above written.

The offer letter of employment dated January 28, 1995, between Korn/Ferry
International and James E. Boone is appended hereto and incorporated herein by
reference. In the event any provision of this agreement conflicts or is
inconsistent with the offer letter, then such provision in this agreement shall
be void and no longer in effect. Without limiting the generality of the
foregoing, Paragraphs FIFTH and SEVENTH of this agreement shall be deemed void
in their entirety, and Paragraph SIXTH of this agreement shall not apply until
after May 1, 1997.

Agreed to and accepted by:

EXECUTIVE                              KORN/FERRY INTERNATIONAL

/s/ James E. Boone
-----------------------------          ------------------------------
James E. Boone                         By:

                                        9<PAGE>
                                                                   EXHIBIT 10.29

             [KORN/FERRY INTERNATIONAL FUTURESTEP, INC. LETTERHEAD]

                                                                December 3, 2001

PERSONAL AND CONFIDENTIAL

Mr. Robert H. McNabb
10919 Wickline Drive
Houston, Texas 77024

Dear Bob:

     I am delighted to extend to you this offer of employment with Korn/Ferry
International Futurestep, Inc. ("Futurestep") for the position of President of
Futurestep's Americas and Asia-Pacific regions. In this capacity, you will have
overall responsibility for Futurestep's operations within North America, Latin
and South America, and Asia with the ultimate objective of optimizing revenue
growth and profitability subject to market and economic conditions and within
the context of Korn/Ferry's overall strategy. You initially will report directly
to me. Your employment will be effective December 3, 2001 or such other date as
may be mutually agreed upon.

Salary and Cash Bonus Opportunity

     Your entry compensation program will consist of an annual base salary of
$425,000, payable in semi-monthly increments. In addition, you will be eligible
for a target annual cash bonus of 100% of base salary ($425,000). Your maximum
annual cash bonus opportunity will equal 200% of base salary ($850,000). Your
actual cash bonus will be based on the performance of Korn/Ferry International
("Korn/Ferry") as a whole, the performance of Futurestep as a whole, the
performance of the business units under your direct responsibility, and an
assessment of your individual performance. The assessment of performance for
cash bonus determination purposes will be conducted by me and the Boards of
Directors of Futurestep and Korn/Ferry under a process to be mutually
determined. The award of any cash bonus is contingent upon your continued active
employment with Futurestep as of the date bonuses are awarded, generally in July
following the close of the firm's fiscal year (April 30). Eligibility for
earning an annual cash bonus will begin immediately upon your employment with
the firm. Your bonus opportunity for the fiscal year ending April 30, 2002
(FY02) will be pro-rated based on the number of days you are employed by the
firm during FY02.

Annual Stock Option Grant

     In addition to the annual cash bonus opportunity described above, you will
be eligible to receive an annual grant of options to purchase Korn/Ferry common
stock. The

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Mr. Robert H. McNabb
Page 2

target grant value is 50% of annual base salary ($212,500), while the maximum
grant value is 100% of annual base salary ($425,000). Grant value will be
determined by the Black-Scholes Option Pricing Model, using the same assumptions
the Korn/Ferry Compensation Committee applies to determine annual stock option
grants for Korn/Ferry's executive officers. Your actual option grant will be
based on an assessment of your individual performance with emphasis on your
adherence to firm values, such as teaming. This assessment of performance will
be conducted by me and the Boards of Directors of Futurestep and Korn/Ferry.

Stock Option Hiring Grant

     Executive Management will recommend to the Korn/Ferry Compensation
Committee that you be granted 35,000 Korn/Ferry stock options with an exercise
price equal to the closing market price of Korn/Ferry's common stock on the date
the grant is approved by the Committee or your first day of active full-time
employment, whichever is later. This hiring option grant will vest in three
annual installments. With the approval of the Committee, the first third of the
grant (11,667 shares) will vest six months from your initial date of employment;
the second third of the grant (11,667 shares) will vest two years from your
initial date of employment; and the final third of the grant (11,666 shares)
will vest three years from your initial date of employment. The grant will be
made under the terms and conditions of the Korn/Ferry International Performance
Award Plan and is subject to such other terms and conditions as may be required
by the Committee.

Stock Ownership Guideline

     As a senior officer of Futurestep, you will be expected to acquire and
retain in your name (or jointly in the name of you and your spouse) Korn/Ferry
common stock with a market value equal to at least 150% of your annual base
salary. Stock options are not counted as part of this requirement until they
have been exercised and converted into actual shares. You will have a period of
three years from your hire date to meet this commitment. It is anticipated that
this ownership commitment can be satisfied through the gain realized upon the
exercise of accumulated options. In the event that the performance of the firm's
stock is insufficient to achieve this objective, the period of time required to
meet the stock ownership goal will be extended.

Termination Protection

     Notwithstanding Futurestep's or Korn/Ferry's severance policy, your
employment will be governed by a two-year employment agreement subject to
automatic renewal for successive 12-month periods unless the agreement is
terminated in writing by

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Mr. Robert H. McNabb
Page 3

you or the firm prior to 60 days from expiration. If you are terminated without
"cause" during the initial two-year term of the agreement, you will receive
severance equal to 150% of your then current annual base salary. If Futurestep
fails to renew your agreement within the renewal period, you will receive
severance equal to 100% of your then current annual base salary. For purposes of
this paragraph, "cause" is defined as any of the following: (a) conviction of a
felony involving moral turpitude; (b) behavior which is fraudulent or, in the
opinion of the Chairman and Board of Directors of Futurestep or Korn/Ferry,
materially harmful to Futurestep or Korn/Ferry; (c) willful neglect of duties;
(d) continued poor performance after receiving written notification of such by
the Board of Directors of Futurestep which specifies the areas of poor
performance, and your failure to cure such performance deficiency(ies) within 90
days of receiving Board notice. The details of these termination provisions will
be set forth in and governed by the Employment Agreement referred to below.

Employee Benefits

     You will be eligible for the same level of employee benefits as other
employees of your position level and tenure. Currently, these benefits are
summarized below.

     You will be entitled to ten holidays per year, twenty days vacation, and
fifteen days sick leave. You will also be enrolled in Korn/Ferry's group
insurance program, which includes life, accidental death and dismemberment, and
health benefits. Life insurance coverage, which may be limited by the
underwriters, will be three times your base salary up to a maximum of $500,000;
of which $50,000 will be provided under the group program and the remainder
under the Korn/Ferry Worldwide Executive Benefit - Life Plan. You may also
enroll for supplemental, employee paid life insurance coverage. If you elect
this coverage, you will pay the premium cost through payroll deduction. Your
enrollment for life insurance benefits will take effect 60 days after your first
day of employment.

     You will also participate in Korn/Ferry's health benefits plan, which
includes medical, dental and vision care coverage. Based on the plan you select,
your monthly contribution for health benefits coverage will range from $40 -
$120 for the Preferred Provider Plan (PPO) or $0 - $100 for the Health
Maintenance Organization Plan (HMO) depending on the number of family members
covered. Your payments, if any, will be made through payroll deductions and may
be done on a pre-tax basis if you choose to participate in the Korn/Ferry
Flexible Spending Plan described below. Your enrollment for health benefits will
take effect 60 days after your first day of employment and your completion of
the enrollment forms.

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Mr. Robert H. McNabb
Page 4

     You will also have the opportunity to enroll in Korn/Ferry's Flexible
Benefit Account Plan. This is a Section 125 plan by which you may: (1) defer a
portion of your income on a pre-tax basis, (2) pay your contribution for
dependent health coverage, (3) reimburse you for certain health expenses not
covered by insurance, and (4) reimburse you for dependent (child or elder) care
expenses. You are eligible to enroll in this plan at the beginning of the first
plan quarter (January 1, April 1, July 1 and October 1) after you have completed
60 days of employment and enrolled in the group health plan. If you do not
enroll at that time, you must wait until the annual enrollment in December.

     After you have completed 60 days of employment, Korn/Ferry will provide you
with short-term disability coverage. This coverage will protect you against loss
of income if you are unable to work because you are disabled due to a non-work
related illness or injury. If you become disabled, this benefit provides 70
percent of your basic weekly salary to a maximum of $1,500 per week for up to 12
weeks. You would be eligible to receive benefits under this program after you
have been disabled for seven calendar days.

     In addition, you may enroll in Korn/Ferry's group long-term disability
insurance program which provides disability benefits of 60 percent of your
monthly base salary to a maximum of $10,000 per month. The monthly premiums for
this benefit are based on your salary. If you elect this benefit, Futurestep
will pay 75 percent of the premium and you will pay the remaining 25 percent
through payroll deduction. Your eligibility for enrollment for long-term
disability benefits will take effect 60 days after your first day of employment.

     Futurestep will also provide you $500,000 in travel accident insurance. You
may also enroll in Korn/Ferry's family travel accident insurance program which
provides 24-hour coverage to your dependents for travel accidents. If you elect
this benefit, you will pay the premium cost through payroll deduction.

     You may participate in the Korn/Ferry International Employee Tax Deferred
Savings Plan which is a qualified 401(k) plan. Tax-deferred employee
contributions can begin on the fiscal quarterly enrollment period following six
months of employment. You will be eligible for employer contributions on the
fiscal quarterly enrollment date after you have been employed one year.

     You will receive a complete health benefits package with enrollment forms
and plan descriptions approximately thirty days prior to your eligibility date.

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Mr. Robert H. McNabb
Page 5

     Coverage in Korn/Ferry's employee and executive benefits programs is
dependent upon your timely completion and our receipt of all forms and materials
required for enrollment.

Executive Benefits

     You will be eligible for the same level of executive benefits as other
employees of your position level and tenure. Currently, these benefits are as
summarized below.

     In December, you will be given an opportunity to enroll in the Korn/Ferry
Enhanced Wealth Accumulation Plan. This benefit is a deferred compensation plan
that provides retirement, survivor, and disability benefits. Retirement and
survivor benefits can total $500,000 per unit and you are eligible to enroll in
one additional unit every five years.

     You will also participate in the Korn/Ferry Worldwide Executive Benefit -
Retirement Plan. This plan supplements the 401(k) Plan and social security, to
provide a total target retirement benefit for executives of 25% of final average
salary with twenty years of service.

     On the date you become eligible for the health benefits plan, you will
automatically be enrolled in the Korn/Ferry Executive Medical Plan. This plan
provides you with additional benefit payments, above those paid under the
standard group health insurance, as well as reimbursement for certain medical
services not covered under the group health insurance. Your coverage under this
plan will be a maximum of $2,500 per year. Further information about this
program will be provided with your benefits package.

     After completing one year of employment, you may also participate in the
Korn/Ferry College Tuition Program. This executive benefit provides $2,000 per
year up to a maximum of $8,000 for each dependent child enrolled full-time as an
undergraduate in an accredited college or university.

     You will receive $600.00 per month as an automobile allowance. In addition,
Futurestep will reimburse you for monthly membership dues at the CCA Club (up to
$300 monthly) and the Champions Country Club (up to $350 monthly).

     It is understood that you plan to continue in your role as Chairman of the
Board of Winrock Human Resources. This commitment will be reviewed periodically
and, provided such activity does not interfere with the performance of your
duties, you have my support to continue in this role.

<PAGE>

Mr. Robert H. McNabb
Page 6

Professional Requirements

     As part of our standard employment practice, you are being asked to sign an
Employment Agreement with Futurestep. An Employment Agreement is attached for
your execution.

     As part of your employment by Futurestep, we also ask that you provide a
detailed description of your job history and educational background. A form for
this purpose is enclosed. The information you provide concerning past employment
and educational history will be verified by the firm. Your employment is
contingent on the accuracy of the information you provide.

     Pursuant to the Immigration and Nationality Act, our firm is required to
verify the identity and employment eligibility of all new hires. In order to
comply with this legal obligation, we must complete an Employment Eligibility
Verification Form I-9 within three days of hire. We have enclosed a Form I-9 for
your review. Please note that you will need to provide either (i) one document
from "List A" or (ii) one document from "List B" and one document from "List C"
of the form (see page two of the enclosed I-9 Form). If you anticipate having
difficulty completing the Form I-9 or producing the required documents, please
contact me.

     Further, all Futurestep professional employees are required to review and
acknowledge the firm's Personnel Policies & Procedures, which govern all aspects
of our professional practice. A copy of the Policies & Procedures is enclosed.
Your employment is contingent on your abiding by the provisions of this
document. Please review it carefully and return the signed acknowledgment form
with your acceptance of this offer. Please keep the Policies and Procedures for
your personal files.

Business Information and Non-Competition

     Please review the provisions of the Employment Agreement setting forth your
confidentiality and non-competition obligations with care. In accepting this
offer of employment with Futurestep, you are making a personal commitment to
adhere to those provisions.

Acceptance of Employment

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Mr. Robert H. McNabb
Page 7

     Upon your acceptance of this offer of employment, please acknowledge your
agreement with the terms set forth in this letter by signing in the designated
space below. A copy of this letter is enclosed for your records.

     Please also complete and sign the enclosed documents and return them to me
with your signed letter:

     - Employment Agreement

     - Applicant History Form

     - Personnel Policies & Procedures: Acknowledgment Form

     - Insider Trading Policy: Acknowledgment Form

     - Personnel Information Form: (Section A)

     - W-4 form & EDD Form

     - I-9 form

     - Direct Deposit Request Form

     I look forward to your joining us and to your success with Korn/Ferry
International Futurestep, Inc. If you have any questions, please don't hesitate
to call me.

                                            Sincerely,

                                            Paul C. Reilly
                                            Chairman

ACCEPTED:

/s/  Robert H. McNabb
---------------------------                 -------------------------------
Robert H. McNabb                            Date

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