Amendment Two to On Assignment, Inc. Amended and Restated Deferred Compensation Plan

Summary

On Assignment, Inc. is amending its Amended and Restated Deferred Compensation Plan to terminate the plan effective May 2, 2011. After this date, all participants will receive their account balances as lump sum cash payments as soon as possible. The rest of the plan remains unchanged. This amendment is executed by the company's authorized officer.

EX-10.3 6 exhibit10_3.htm AMENDMENT TWO TO THE AMENDED DEFERRED COMP PLAN exhibit10_3.htm

AMENDMENT TWO TO THE

ON ASSIGNMENT, INC.

AMENDED AND RESTATED DEFERRED COMPENSATION PLAN

This Amendment Two to the On Assignment, Inc. Amended and Restated Deferred Compensation Plan, as amended, (the “Plan”), is made effective April 20, 2011, by On Assignment, Inc., a Delaware corporation (the “Company”).

BACKGROUND

A.	Section 11.1 of the Plan reserves the right of the Company to terminate the Plan at any time.

B.	The Company desires to terminate the Plan with respect to all of its participants in accordance with applicable law.

AMENDMENTS

1.	The following new paragraph is added after the last sentence in Section 11.1:

Notwithstanding the foregoing, the Plan will terminate on May 2, 2011 (the “Termination Date”). In accordance with the discretion provided under this Section 11.1, all Participant Account Balances will be distributed to the respective Participants in the form of lump sum cash distributions as soon as practicable after the Termination Date.

2.	The remainder of the Plan shall remain unchanged.

The Company has caused this Amendment Two to be executed on its behalf, by its officer duly authorized, on this 20th day of April, 2011.

	On Assignment, Inc.

	By:	/s/James L. Brill
		James L. Brill
		Sr. Vice President & Chief Financial Officer