COMPUTER HORIZONS CORP
EXHIBIT 10.2
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<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.2    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>March&nbsp;31,
2003 </FONT></P>

<P><FONT SIZE=2>William
J. Murphy<BR>
Computer Horizons Corp.<BR>
49 Old Bloomfield Avenue<BR>
Mountain Lakes, New Jersey 07046-1495 </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re:&nbsp;&nbsp;&nbsp;&nbsp;Amendment
to Employment Agreement </FONT></P>

</UL>

<P><FONT SIZE=2>Dear
Bill: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a result of John J. Cassese taking a leave of absence from his position as Chief Executive Officer and President of Computer Horizons Corp. (the "Company") and the Board of Directors
(the "Board") naming you as acting Chief Executive Officer and President, you and the Board have agreed to amend your employment agreement with the Company dated January&nbsp;1, 2000 (the "Original
Agreement"). All of the terms and conditions in the Original Agreement not otherwise amended as set forth herein in this letter agreement (the "Letter Agreement") shall be incorporated into this
Letter Agreement and shall remain in full force and effect. In the event of any inconsistency between the terms and conditions in the Original Agreement and those in this Letter Agreement, the terms
and conditions in this Letter Agreement shall control. Capitalized terms not defined herein have the meanings assigned to them in the Original Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;You
shall serve as the Company's Chief Executive Officer and President with the duties and responsibilities attendant to such positions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Your
term under this Letter Agreement shall be for two years commencing on the date hereof (the "Initial Term"). After the Initial Term this Letter Agreement shall renew
automatically on a yearly basis (the "Yearly Term") so long as notice is not given by you to the Company or the Company to
you, in either case no later than the last day of the 6<SUP>th</SUP> month of the then current term, that the Yearly Term shall not be extended. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Promptly
after execution of this Letter Agreement, the Company will pay to you a one-time special retention bonus of $75,000 (the "Retention Bonus"). In the
event you voluntarily terminate your employment with the Company prior to the end of the Initial Term you agree to repay the Retention Bonus to the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;In
the event the Company determines, for any reason and at any time during the Initial Term or an Extended Term, in the discretion of the Board, that you should
relinquish your duties as President and Chief Executive Officer and return to service as the Company's Chief Financial Officer and Executive Vice President, the Company will give you 90&nbsp;days
written notice of such decision and this Letter Agreement shall terminate and the Original Agreement will remain in full force and effect, except that Section&nbsp;6 of this Letter Agreement shall
replace Section&nbsp;10 of the Original Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;In
the event you resume your duties as CFO, in accordance with Paragraph&nbsp;4, the Extended Term as defined in the Original Agreement shall commence on the date you
resume said duties ("Resumption Date"), continue for one year and may be extended in accordance with the provisions of the Original Agreement except that the "anniversary date" shall be the Resumption
Date or any subsequent Resumption Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;In
the event you terminate your employment for Good Reason pursuant to Section&nbsp;9 of the Original Agreement or the Company terminates your employment other than for
Cause or Disability, then you shall be entitled to a lump sum payment equal to the sum of (i)&nbsp;your current annual salary under the Original Agreement and (ii)&nbsp;your highest annual
performance bonus paid during your employment with the company. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;In
the event that change of control, as defined in Par. 12 of your existing employment agreement, occurs, then you shall be paid 2X your current base salary plus the
highest annual bonus paid during your term of employment with CHC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;Sections
4, 5, 6 and 7 of this Letter Agreement shall survive the termination of this Letter Agreement. </FONT></P>

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<TD WIDTH="45%"><FONT SIZE=2>Very truly yours,</FONT></TD>
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&nbsp;</FONT></TD>
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<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>WILLIAM M. DUNCAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<TD WIDTH="45%"><HR NOSHADE><FONT SIZE=2> William M. Duncan for the Board<BR>
as Chairman of the Board's<BR>
Compensation Committee</FONT></TD>
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Accepted and Acknowledged by:</FONT></TD>
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&nbsp;</FONT></TD>
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<TD WIDTH="53%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>WILLIAM J. MURPHY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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&nbsp;</FONT></TD>
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<TD WIDTH="53%"><HR NOSHADE><FONT SIZE=2> William J. Murphy</FONT></TD>
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