SIXTHAMENDMENT TO THESPHERION CORPORATION DEFERREDCOMPENSATION PLAN
Exhibit 10.54
SIXTH AMENDMENT
TO THE SPHERION CORPORATION
DEFERRED COMPENSATION PLAN
THIS SIXTH AMENDMENT to the Spherion Corporation Deferred Compensation Plan (the Plan) is made on this 1st day of January, 2004, by Spherion Corporation, a Delaware corporation (the Company);
W I T N E S S E T H :
WHEREAS, Article IX of the Plan provides that the Company has the right to amend the Plan at any time; and
WHEREAS, the Company now desires to amend the Plan to permit participants to direct the investment of Matching Contributions;
NOW, THEREFORE, the Plan hereby is amended, effective as of January 1, 2004, as follows:
1. By adding the following to the end of Plan Section 4.2(e)(ii):
Notwithstanding the foregoing, Matching Contributions made on or after January 1, 2004, may be invested in any Investment Funds as directed by the Participant, provided that a Participant may not direct the investment of any additional amounts representing Matching Contributions or earnings thereon into the Deferred Company Stock Unit Fund.
2. Except as specifically amended hereby, the Plan shall remain in full force and effect as prior to this Amendment.
IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Sixth Amendment on the date first above written.
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| SPHERION CORPORATION |
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| By: |
| /s/ Lisa Iglesias |
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| Title: |
| Senior Vice President |
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