Employment Agreement - Heidrick & Struggles International Inc. and Jurgen Mulder
AMENDMENT
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According to Article VIII. Final Provisions and its paragraph (2) of the
Employment Agreement of September 25, 1997 the latter is amended as follows:
Wording of Article I. Date, Duties, Title in its paragraph (3) is amended
as follows:
"In addition to the titles stated in the present paragraph, the Partner shall
have effective November 16, 1998 the title of President/Europe"...(remaining
wording is left unchanged).
Wording of Article II. Compensation in its paragraph (2) Base Salary is
amended as follows:
"The gross salary of the Partner shall be effective November 16, 1998 DM
1,075,000 per annum"...(remaining wording is left unchanged).
Wording of Article II. Compensation in its paragraph (5) is amended as
follows:
"As long as the Partner has the title of President/Europe, the Partner is
entitled to a yearly guaranteed bonus of DM 1,400,000 which includes bonus for
production of SOB and brings the total amount of the Partner's TCF up to DM
2,500,000.
Wording of Article II. Compensation in its paragraph (6) Integration period
is cancelled.
This Amendment shall become invalid and the Employment Agreement in its version
of September 25, 1997 shall become exclusively applicable as soon as the Partner
no longer holds the position of President/Europe.
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Both Parties hereby accept the terms and conditions of the present Amendment to
the Employment Agreement signed on September 25, 1997.
In Witness Whereof, both parties have executed the present amendment on November
16, 1998.
/s/ Richard Nelson /s/ Jurgen Mulder
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Heidrick & Struggles International, Inc. Partner
/s/ Herbert Bechtel
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Heidrick & Struggles: Unternehmensberatung GmbH & Co. KG (as legal successor of
Mulder & Partner & Co. KG).