Pennsylvania
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23-2394430
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
During the Extension Period, the Executive's compensation will be as follows: (a) base salary at the annual rate provided in the Agreement ($465,000 per year), which will be pro-rated based on length of service during the Extension Period; (b) bonus at the same level provided in the Agreement, which will be pro-rated based on length of service during the Extension Period, and the performance targets and the Executive's achievement of those performance targets will be based on performance during the Extension Period; and (c) employee benefits and withholding as set forth in the Agreement.
The Agreement provided that, following the expiration of the Executive's employment (originally scheduled to be on December 31, 2012), the Executive would perform consulting services for the Company through December 31, 2014 (the "Consulting Period"). Under the Amendment, the Consulting Period will begin on the first day following the end of the Extension Term and end on December 31, 2014.
The Amendment also provides that, in the event of the Executive's retirement as provided in his outstanding Stock Appreciation Rights Agreements, the Executive will have until December 31, 2014 to exercise those awards.
CDI Corp.
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Date: January 07, 2013
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By:
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/s/ Brian D. Short
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Brian D. Short
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Senior Vice President, Chief Administrative Officer and General Counsel
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