Classmates.com 2010 Annual Report Download - page 288

Exhibit 10.22
EMPLOYMENT AGREEMENT
This Employment Agreement (the “ Agreement ”) is made and entered into effective the 7th day of February, 2011 (the “ Effective
Date
”) by and between FTD Group, Inc. , a Delaware corporation (the “ Company ”), with principal corporate offices at 3113 Woodcreek
Drive, Downers Grove, Illinois 60515, and Robert S. Apatoff , whose address is 3113 Woodcreek Drive, Downers Grove, Illinois 60515 (“
Employee
”).
WHEREAS , Employee and the Company had previously entered into an employment agreement (the “ Prior Agreement ”) dated
October 14, 2008, as amended from time to time;
WHEREAS, effective as of the date hereof, Employee and the Company desire to enter into a new employment agreement to replace
the Prior Agreement.
NOW THEREFORE,
in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.
Term; Position .
(a) The original term of this Agreement will commence on the Effective Date and extend through February 15, 2014, unless this
Agreement is earlier terminated as provided herein (the “ Term ”).
(b) Employee will continue to serve as President of the Company and report to the Chief Executive Officer of the Company.
Employee agrees to devote Employee’s full-time attention, skill and efforts to the performance of Employee’s duties for the Company.
2.
Salary and Benefits .
(a) Employee will be paid a salary at Employee’s current annualized rate of $600,000, payable in successive bi-weekly or other
installments in accordance with the Company’s standard payroll practices for salaried employees. Employee’s rate of salary will be subject to
such increases as may be determined from time to time by the Board of Directors. As used in this Agreement, the term “ Board of Directors ”
shall refer to the Board of Directors of United Online, Inc. or other governing body or committee to which the authority of the Board of Directors
of United Online, Inc. with respect to executive compensation matters has been delegated, including (without limitation) the Compensation
Committee of the Board of Directors of United Online, Inc.
(b) Employee will be eligible to participate in each of the Company’s employee benefit plans that is made generally available
either to the Company’s employees or to the Company’s senior executives and for which Employee satisfies the applicable eligibility
requirements. Employee will be entitled to a minimum of four (4) weeks of paid vacation each year or such greater amount as determined in
accordance with the Company’s standard vacation policy.
(c) The Company will promptly reimburse Employee for all reasonable and necessary business expenses Employee incurs in
connection with the business of the Company and the performance of Employee’s duties hereunder upon Employee’s submission of reasonable
and timely documentation of those expenses. In no event shall any expense be reimbursed later than the end of the calendar year following the
calendar year in which that expense is incurred, and the amounts reimbursed in any one