Company: MTCH
Filing Date: 2025-02-04
Form Type: 8-K
Source: 0000898822-25-000002
Chunk: 2

Company: Match Group, Inc.
Filing Date: 2025-02-04
Form: 8-K
Item: Item 5.02
Chunk 2
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 employment without
cause, for good reason, due to the Company’s non-renewal of the employment agreement or due to death (each a “ Qualified Termination”), subject to Mr. Rascoff’s execution and non-revocation of a release and compliance with applicable restrictive
covenants, (a) any RSUs scheduled to vest during the 12 months following termination will immediately vest, and (b) any PSUs (other than the Value Creation Award which is described below) will remain outstanding through the end of the performance
period and vest based on actual performance, which vesting will be prorated based on the number of days employed during the performance period in the event the termination occurs before the date that is 12 months before the end of the performance
period.

The Value Creation Award vests subject to continued service and satisfaction of the Company’s stock price hurdles
of $40, $50 and $60, each applicable to one third of the award. A stock price hurdle is met if the volume weighted average price of the Company’s stock equals or exceeds the applicable hurdle for 45 consecutive calendar days during the last year
of the three-year performance period. Fifty percent of a tranche will vest upon satisfaction of the performance goal, and the remaining 50% will vest at the end of the three-year performance period, subject to continued service through the vesting
date. If the Company’s stock trades at or above a stock price hurdle that has not yet been achieved during the last ten trading days of the three-year performance period, any unvested portion of the award will remain outstanding and eligible to
meet any unsatisfied stock price hurdle for 90 additional days. Upon a Qualified Termination, subject to Mr. Rascoff’s execution and non-revocation of a release and compliance with applicable restrictive covenants, (i) if the termination occurs in
the last year of the performance period and a stock price hurdle was satisfied prior to termination, the 50% of that tranche that is subject to the service requirement will vest, and (ii) in all other cases, unvested tranches will remain
outstanding and eligible to meet any unsatisfied stock price hurdle until the first anniversary of termination (or May 4, 2028, if earlier).

In the event of a termination of employment without cause, for good reason or due to the Company’s non-renewal of
the employment agreement, subject to his execution and non-revocation of a release and compliance