1 EXHIBIT 10.7 AMENDMENT NUMBER THREE TO THE EMPLOYMENT AGREEMENT BETWEEN SNELLING AND SNELLING, INC. AND TIMOTHY J. LONCHARICH Effective October 2, 1997 SNELLING AND SNELLING, INC. 12801 NORTH CENTRAL EXPRESSWAY, SUITE 700 DALLAS, TEXAS 75243 TELEPHONE: (972) 239-7575 2 AMENDMENT NUMBER THREE TO THE EMPLOYMENT AGREEMENT BETWEEN SNELLING AND SNELLING, INC. AND TIMOTHY J. LONCHARICH Effective: October 2, 1997 This Amendment made this 2nd day of October, 1997, by and between Snelling and Snelling, Inc., a Pennsylvania Corporation (the "Employer") and Timothy J. Loncharich ("Employee"). RECITALS: A. Employee and the Employer entered into an Employment Agreement effective July 26, 1994. B. Employee and the Employer amended the Employment Agreement effective August 1, 1994 and November 1, 1996. C. Pursuant to the provisions of Paragraph 15 of the Employment Agreement, Employee and the Employer desire to amend the Employment Agreement further. NOW , THEREFORE it is agreed that the Employment Agreement is amended effective as of October 2, 1997 as follows: l. Paragraph 2.A. Positions. is amended by restatement in its entirety to read as follows: A. Positions. Employee will serve as President and Chief Operating Officer of the Employer. 2. Except as amended by this Amendment Number Three, the Employment Agreement continues in full force and effect. EFFECTIVE as of the day and year first above written. EMPLOYEE: EMPLOYER: SNELLING AND SNELLING, INC. ___________________________ By:________________________________ Timothy J. Loncharich Robert O. Snelling, Sr. Chairman of the Board and Chief Executive Officer ____________________________ ____________________________________ Date Date ADDRESS: ADDRESS: 1002 Saddlebrook Drive 12801 N. Central Expressway, Suite 700 Colleyville, Texas 76034 Dallas, Texas 75243