Exhibit 10.1

    
Notice of Stock Option Award Granted Under the
LendingTree, Inc. 2008 Stock and Annual Incentive Plan

Important Note: You must login to your account to obtain other important
information concerning this Award, such as a copy of the LendingTree, Inc. 2008
Stock and Annual Incentive Plan as the same has been amended and restated from
time to time up to the date of this Award (the “2008 Plan”) and the Terms and
Conditions for Stock Option Awards (the “Terms and Conditions”). You acknowledge
that you have received copies of the 2008 Plan and the 2008 Plan’s prospectus.

 
Award Recipient:
 
 
Stock Option Award:
Under the 2008 Plan:
You have been awarded a nonqualified option to acquire      Shares of
LendingTree common stock at an “Exercise Price” of $ per Share (“Stock Option”);
 
Award Date:
 
 
Vesting Schedule:
Subject to your continued employment with LendingTree or its Subsidiaries or
Affiliates, your Stock Option shall, subject to the provisions of the 2008 Plan
and the Terms and Conditions, vest and no longer be subject to any restriction
as of the vesting dates, as set forth below:
 
Vest Date
Shares Vesting
     
Expiration Date:
Once vested, your Stock Option will expire upon the earlier of (i) the
expiration of the 12-month period following your Termination of Employment for
any reason other than due to death, Disability or Retirement, (ii) the
expiration of the one-year period following your Termination of Employment due
to death, Disability or Retirement or (iii) 10 years from your Award Date (the
“Expiration Date”), except as otherwise provided in the 2008 Plan or the
attached Terms and Conditions.
If you do not exercise your vested Stock Option before the Expiration Date, your
unexercised Stock Option will be forfeited and canceled in its entirety.
 
Impact of a Termination of Employment:
Except as otherwise provided in the 2008 Plan, the Terms and Conditions and any
Individual Agreement between you and LendingTree, the unvested portion of this
Stock Option will be forfeited without consideration and canceled in its
entirety upon your Termination of Employment.
 
Terms and Conditions:
Capitalized terms used (but not defined) in this Award Notice shall have the
meanings set forth in the 2008 Plan.
Your Stock Option is subject to the Terms and Conditions attached hereto and the
2008 Plan. Copies of these documents are also available upon request from the
Human Resources Department. In the event of a conflict between the Terms and
Conditions and this Notice, this Notice shall control.
Without a complete review of these documents, you will not have a full
understanding of all the material terms of your Stock Option.

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Exhibit 10.1

Terms and Conditions for Stock Option Award
Overview
These Terms and Conditions apply to the stock option (the “Award”) awarded to
you by LendingTree, Inc. (“LendingTree” or the “Company”) pursuant to Section 5
of the LendingTree, Inc. 2008 Stock and Annual Incentive Plan as the same has
been amended and restated from time to time (the “2008 Plan”). You were notified
of your Award by way of an award notice (the “Award Notice”). All capitalized
terms used herein, to the extent not defined, shall have the meaning as set
forth in the 2008 Plan.
Continuous Service
In order for the Award to vest, you must be continuously employed by LendingTree
or any of its Subsidiaries or Affiliates during the Restriction Period (as
defined below) or as otherwise provided in the Vesting section below. Nothing in
your Award Notice, these Terms and Conditions, or the 2008 Plan shall confer
upon you any right to continue in the employ or service of LendingTree or any of
its Subsidiaries or Affiliates or interfere in any way with their rights to
terminate your employment or service at any time and for any or no reason.
Vesting
Subject to the Award Notice, these Terms and Conditions and the 2008 Plan, the
Award shall vest and no longer be subject to satisfaction of any restriction as
set forth in the Vesting Schedule section of the Award Notice. The period during
which such restrictions apply is the “Restriction Period.”
The vesting of your Award is conditioned upon your continuous employment with
LendingTree or its Subsidiaries or Affiliates through each respective vesting
date. Notwithstanding the foregoing, 100% of your then-outstanding and unvested
portion of your Award shall vest upon the occurrence of a Change in Control
which occurs during your employment with LendingTree (or any Subsidiary or
Affiliate). The term “Change in Control” is defined in the 2008 Plan, and
includes certain events affecting LendingTree (not events only affecting
specific businesses of LendingTree).
Termination of Employment
Upon your Termination of Employment with LendingTree or any of its Subsidiaries
or Affiliates during the Restriction Period for any reason, any unvested portion
of this Award shall be forfeited and canceled in its entirety without
consideration effective immediately upon such Termination of Employment. The
then vested portion of this Stock Option may remain exercisable after your
Termination Employment to the extent permitted under section 5(i) of the 2008
Plan.
For the avoidance of doubt, transfers of employment among the Company and its
Subsidiaries and Affiliates, without any break in service, is not a Termination
of Employment.
Exercise
When you wish to exercise this Award, you must notify the Company by filing a
“Notice of Exercise” in the form prescribed by LendingTree at the address given
on the form. Your notice must specify how many Shares you wish to purchase and
is subject to the minimum purchase limitation set forth in section 5(g) of the
2008 Plan. The notice can only become effective after it is received and
approved by the Company. If someone else wants to exercise this Stock Option
after your death, that person must prove to the Company’s satisfaction that he
or she is entitled to do so.
When you submit your Notice of Exercise, you must include payment of the
aggregate Exercise Price for the Shares you are purchasing. Payment may be made
in one (or a combination) of (i) certified or bank check or (ii) to the extent
approved by the Committee by any of the methods described in sections 5(g)(i),
5(g)(ii), or 5(g)(iii) of the 2008 Plan.
Taxes and Withholding
No later than the date as of which an amount in respect of any part of this
Award first becomes includable in your gross income for federal, state, local or
foreign income or employment or other tax purposes, LendingTree or its
Subsidiaries and/or Affiliates shall, unless prohibited by law, have the right
to deduct any federal, state, local or foreign taxes of any kind required by law
to be withheld with respect to such amount due to you, including deducting such
amount from the delivery of Shares or cash issued upon settlement of the Award
that gives rise to the withholding requirement. In the event Shares are deducted
to cover tax withholdings, the number of Shares withheld shall generally have a
Fair Market Value equal to the aggregate amount of

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Exhibit 10.1

LendingTree’s withholding obligation on the date of exercise of the Stock
Option. If the event that any such deduction and/or withholding is prohibited by
law, you shall, prior to or contemporaneously with the settlement of your Award,
be required to pay to LendingTree, or make arrangements satisfactory to
LendingTree regarding the payment of, any federal, state, local or foreign taxes
of any kind required by law to be withheld with respect to such amount. To the
extent approved by the Committee, you may satisfy the applicable tax withholding
amounts as permitted under section 13(d) of the 2008 Plan.
Non-Transferability of the Award
Your Award shall not be transferable by you by means of sale, assignment,
exchange, encumbrance, pledge, hedge or otherwise except as may be permitted
under section 5(j) of the 2008 Plan.
No Rights as a Stockholder
Until your Award is exercised and settled with Shares, you shall not be entitled
to any rights of a stockholder with respect to the Award (including the right to
vote the underlying Shares or receive dividends). Moreover, if LendingTree
declares and pays dividends on the Common Stock during the Restriction Period,
this Award will not be credited with any dividends.
Other Restrictions
The Award shall be subject to the requirement that, if at any time the Committee
shall determine that (i) the listing, registration or qualification of the
Shares of Common Stock subject or related thereto upon any securities exchange
or under any state or federal law, or (ii) the consent or approval of any
government regulatory body is necessary or desirable as a condition of, or in
connection with, the delivery of Shares, then in any such event, the Award
and/or any issuance of Shares under the Award shall not be effective unless such
listing, registration, qualification, consent or approval shall have been
effected or obtained free of any conditions not acceptable to the Committee.
Conflicts and Interpretation
In the event of any conflict between these Terms and Conditions and the 2008
Plan, the 2008 Plan shall control; provided, that an action or provision that is
permissive under the terms of the 2008 Plan, and required under these Terms and
Conditions, shall not be deemed a conflict and these Terms and Conditions shall
control. In the event of any ambiguity in these Terms and Conditions, or any
matters as to which these Terms and Conditions are silent, the 2008 Plan shall
govern. In the event of (i) any conflict between the Award Notice (or any
information posted on LendingTree’s intranet or given to you directly or
indirectly through the Agent (including information posted on
https://us.etrade.com/stock-plans) and LendingTree’s books and records, or (ii)
ambiguity in the Award Notice (or any information posted on LendingTree’s
intranet or given to you directly or indirectly through the Agent (including
information posted on https://us.etrade.com/stock-plans), LendingTree’s books
and records shall control.
Amendment
LendingTree may modify, amend or waive the terms of your Awards, prospectively
or retroactively, but no such modification, amendment or waiver shall materially
impair your rights without your consent, except as required by applicable law,
NASDAQ or stock exchange rules, tax rules or accounting rules.
Data Protection
The acceptance of your Award constitutes your authorization of the release from
time to time to LendingTree or any of its Subsidiaries or Affiliates and to the
agent selected by LendingTree to administer the 2008 Plan (the “Agent”)
(together, the “Relevant Companies”) of any and all personal or professional
data that is necessary or desirable for the administration of your Award and/or
the 2008 Plan (the “Relevant Information”). Without limiting the above, this
authorization permits your employing company to collect, process, register and
transfer to the Relevant Companies all Relevant Information (including any
professional and personal data that may be useful or necessary for the purposes
of the administration of your Award and/or the 2008 Plan and/or to implement or
structure any further grants of equity awards (if any)). The acceptance of your
Award also constitutes your authorization of the transfer of the Relevant
Information to any jurisdiction in which LendingTree, your employing company or
the Agent considers appropriate. You shall have access to, and the right to
change, the Relevant Information, which will only be used in accordance with
applicable law.

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Exhibit 10.1

Sections 409A, 280G and 4999 of the Code
Your Award is not intended to constitute “nonqualified deferred compensation”
within the meaning of Section 409A of the Code and related rules and regulations
(“Section 409A”). In no event shall LendingTree be required to pay you any
“gross-up” or other payment with respect to any taxes or penalties imposed under
Section 409A (or Code Section 280G or 4999) with respect to any amounts or
benefits paid to you in respect of your Award.
Notification of Changes
Any changes to these Terms and Conditions shall either be posted on
LendingTree’s intranet or communicated (either directly by LendingTree or
indirectly through any of its Subsidiaries, Affiliates or the Agent) to you
electronically via e-mail (or otherwise in writing) after such change becomes
effective.