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

On January 27, 2021, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Hudson Global, Inc. (the "Company") approved an incentive compensation plan (the "2020 CEO/CFO Incentive Compensation Plan") for the Company's Chief Executive Officer, Jeffrey E. Eberwein, and Chief Financial Officer, Matthew K. Diamond, for the year ending December 31, 2020. The 2020 CEO/CFO Incentive Compensation Plan is based upon pre-Covid targets, and is designed to award such officers for achieving certain corporate objectives and provides for both equity and cash incentive opportunities. Pursuant to the 2020 CEO/CFO Incentive Compensation Plan, the Committee set the target cash opportunity at $100,000 and $78,750, respectively, and the target restricted stock unit opportunity at $470,000 and 6,000 shares, respectively. Payouts under the 2020 CEO/CFO Incentive Compensation Plan will be based upon whether the Company in 2020 achieved EBITDA exceeding certain specified amounts and on the Company's corporate costs for 2020 remaining below a certain threshold. The Committee also approved the 2020 Incentive Compensation Plan for other executives of the Company, which is also based upon pre-Covid targets, and is designed to award such executives for achieving certain group and division objectives and provides for both equity and cash incentive opportunities.


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