On October 2, 2015, Hudson Global Inc. and Neil J. Funk, the Vice President, Internal Audit of the company, entered into an Executive Agreement pursuant to which Mr. Funk's employment with the company will cease on October 31, 2015. Until October 31, 2015, Mr. Funk's employment duties and responsibilities, as well as his compensation and benefits, will continue as provided in the Executive Employment Agreement entered into between the company and Mr. Funk on January 26, 2012 and previously filed with the Securities and Exchange Commission, which is superseded by the Separation Agreement. Under the Separation Agreement, Mr. Funk agrees to serve as a consultant to the company in the role of Internal Audit, Enterprise Risk and Controls Consultant from November 1, 2015 through February 28, 2017, subject to extension, provided that Mr. Funk may terminate the Separation Agreement at any time prior to the expiration of the term by providing at least 60 days' advance notice of termination to the company.
Hudson Global, Inc. is a total talent solutions provider, which operates under the brand name Hudson RPO. The Company delivers customized recruitment outsourcing and total talent solutions to organizations worldwide. The Companyâs core service offering is RPO, consisting of RPO and contracting services. It provides complete recruitment outsourcing, project-based outsourcing and recruitment consulting for clientsâ permanent staff hires. The Company provides clients with a range of outsourced professional contract staffing services and managed service provider services sometimes offered on a standalone basis and sometimes as part of a blended total talent solution. These services draw upon a combination of specialized recruiting and project management competencies to deliver a range of solutions. Its clientele includes mid-to-large-cap multinational companies and government agencies. The Company operates in 14 countries with three geographic segments: Americas, Asia Pacific, and Europe.