Addendum to Employment Agreement between PRG Schultz International, Inc. and Richard Bacon (September 11, 2003)

Summary

This addendum to Richard Bacon's employment agreement with PRG Schultz International, Inc. confirms that the company will protect 50% of his base salary from currency exchange rate fluctuations, using the rate as of September 2, 2003 ($1 = £0.63694), for 16 months. There will be two adjustment periods: one in January 2004 for income earned through December 31, 2003, and another in January 2005 for income earned in 2004. The agreement is signed by the company's Executive Vice President of Human Resources.

EX-10.51 10 g93606exv10w51.txt EX-10.51 SEPTEMBER 11, 2003 ADDENDUM TO EMPLOYMENT AGREEMENT EXHIBIT 10.51 September 11, 2003 Richard Bacon 142 Oakwood Court Abbotsbury Road London, UK W14 8JS Dear Rick: This letter confirms our agreement with you regarding your compensation, effective 9/2/03. PRG Schultz International, Inc. will protect fifty percent (50%) of your base salary against the currency exchange rate on the date of September 2, 2003 ($1 = Pound Sterling 0.63694) for a period of 16 months. There will be two true-up periods, one in January 2004 for income earned through December 31, 2003 and one in January 2005 for income earned from January 1, 2004 through December, 2004. Sincerely, /s/ Marie Neff Marie Neff Executive Vice President, Human Resources MN/smh