Summary of KFORCE INC - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) As disclosed in the Current Report on Form 8-K filed on January 9, 2009, Stephen McMahan declined to accept a modified role within Kforce Inc. ("Kforce") and was terminated, effective February 15, 2009. In conjunction with such termination, Mr. McMahan and Kforce executed a Separation and Release Agreement (the "Agreement"), effective January 21, 2009. Pursuant to the Agreement, in exchange for certain releases, Mr. McMahan will receive a severance payment of $623,750.

The foregoing summary contained in this Current Report on Form 8-K is qualified in its entirety by reference to the complete copy of the Agreement attached hereto as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

     Exhibit
     Number    Description
     10.1      Separation and Release Agreement, effective January 21, 2009.