ServiceMagic 2010 Annual Report Download - page 145

Download and view the complete annual report

Please find page 145 of the 2010 ServiceMagic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 169

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169

Exhibit 10.19
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is entered into by and between
Thomas J. McInerney (“Executive”) and IAC/InterActiveCorp, a Delaware corporation (the “Company”),
and is effective December 1, 2010 (the
“Effective Date”).
WHEREAS, the Company desires to establish its right to the services of Executive, in the capacity described below, on the
terms and conditions hereinafter set forth, and Executive is willing to accept such employment on such terms and conditions;
WHEREAS, IAC and the Executive are parties to that certain Agreement, dated as of November 21, 2006 (as amended by
Amendment No. 1 thereto, with an effective date as of May 13, 2008, the “ Existing Agreement ”), and it is the intention of the parties to further
amend and restate the terms of the Existing Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual agreements hereinafter set forth, Executive and the Company have agreed
and do hereby agree as follows:
1A. EMPLOYMENT . During the Term (as defined below), the Company shall employ Executive, and Executive shall be employed, as
Executive Vice President, Chief Financial Officer. During Executive’s employment with the Company, Executive shall do and perform all
services and acts necessary or advisable to fulfill the duties and responsibilities as are commensurate and consistent with Executive’s position
and shall render such services on the terms set forth herein. During Executive’s employment with the Company, Executive shall report directly
to the Chief Executive Officer of the Company, or such person as may from time to time be designated by the Company (hereinafter referred to
as the “Reporting Officer”). Executive shall have such powers and duties with respect to the Company as may reasonably be assigned to
Executive by the Reporting Officer, to the extent consistent with Executive’s position. Executive agrees to devote all of Executive’s working
time, attention and efforts to the Company and to perform the duties of Executive’s position in accordance with the Company’s policies as in
effect from time to time. Executive’s principal place of employment shall be the Company’s offices located in New York, New York.
2A. TERM . This Agreement commenced on November 21, 2006, continued for a period of one (1) year and was renewed for successive
one-year periods. This agreement shall automatically be renewed for successive one-year periods in perpetuity unless one party hereto provides
written notice to the other, at least ninety (90) days prior to the end of the then current one-year employment period, that it elects not to extend
this Agreement, which notice shall be irrevocable (any such notice, a “Non-Renewal Notice”). The period beginning on the date hereof and
ending on the first anniversary hereof or, if the Agreement is renewed pursuant to the prior sentence, the last day of the last one-year renewal
period, shall be referred to hereinafter as the “Term”.
Notwithstanding anything to the contrary in this Section 2A, Executive
’s employment hereunder may be terminated in accordance with the
provisions of Section 1 of the Standard Terms and Conditions attached hereto.