Exhibit 10.01

November 19, 2004

Christopher Corrado
16425 Inglewood Road NE
Kenmore, WA 98028

Dear Chris:

eBay Inc. (“the Company” or “eBay”) is pleased to offer you, subject to approval
by eBay’s Board of Directors, the exempt position of Chief Technology Officer at
a salary of $15,384.62 paid bi-weekly, which is equivalent to an annualized
salary of $400,000.12. In addition, the Company may award you discretionary
bonuses from time to time.

You will be entitled to the benefits that eBay customarily makes available to
employees in positions comparable to yours and it will be recommended to the
Board of Directors that you be granted an option for the purchase of 300,000
shares of the Company’s Common Stock. If you accept and start in San Jose,
California by December 27, 2004, you will be granted an option for the purchase
of an additional 50,000 shares of the Company’s Common Stock. The options will
be granted under the Company’s 2001 Equity Incentive Plan and, assuming you
remain an employee, will vest with respect to 25% of the shares subject to the
option one year after the commencement of your employment and, at the end of
each month thereafter, with respect to an additional 1/48 of the shares subject
to the option. Enclosed is the Company’s securities trading policy, which
outlines the procedures and guidelines governing securities trades by company
personnel. Please review the enclosed trading policy carefully, sign and date
the certification (page one of the agreement) and return it to me.

You will be eligible to participate in eBay’s Executive Management Incentive
Program (MIP), which is comprised of 5 components: 4 quarterly and 1 annual.
Payouts are based on individual achievement as well as Company performance. Your
target bonus under the current program would be 60% of your base salary.
Eligibility for this program begins with your first full business quarter of
employment. You must be employed on the last day of the calendar quarter to be
eligible for the quarterly pay out. To be eligible for the annual bonus
component, you would need to be employed on the first day of the 4th calendar
quarter and be employed on the last day of such quarter.

You will earn a one-time bonus of $100,000 (less deductions and applicable
taxes) after the completion of 30 days from the date that you join eBay. This
bonus will be payable within two payroll periods following that period.

eBay will assist with expenses incurred for your relocation from Kenmore, WA to
the San Francisco Bay Area under the terms of eBay’s relocation assistance
program for employees in positions comparable to yours. Details regarding the
terms of such relocation assistance program are enclosed.

Under federal immigration laws, the Company is required to verify each new
employee’s identity and legal authority to work in the United States.
Accordingly, please be prepared to furnish appropriate documents satisfying
those requirements; this offer of employment is conditioned on submission of
satisfactory documentation. Enclosed is a list of the required documents.

Your employment at the Company is “at-will” and either you or the Company may
terminate your employment at any time, with or without cause or advance notice.
The at-will nature of the employment relationship can only be changed by written
agreement signed by eBay’s Chief Executive Officer. Other terms, conditions, job
responsibilities, compensation and benefits may be adjusted by the Company from
time to time in its sole discretion.

All of us at eBay are very excited about you joining our team and look forward
to a beneficial and fruitful relationship. However, should any dispute arise
with respect to your employment or the termination of that employment, we both
agree that such dispute shall be conclusively resolved by final, binding and
confidential arbitration in accordance with the rules of the American
Arbitration Association (AAA), rather than by a jury court or administrative
agency. The Company will bear those expenses unique to arbitration. Please
review the enclosed Arbitration Agreement carefully.

As a condition of your employment, you must complete both the Arbitration
Agreement and the enclosed Employee Proprietary Information and Inventions
Agreement prior to commencing employment. In part, the Proprietary Information
and Inventions Agreement requires that a departing employee refrain from
unauthorized use or disclosure of the Company’s confidential information (as
defined in that Agreement). This Agreement does not prevent a former employee
from using know-how and expertise in any new field or position. If you should
have any questions about the Employee Proprietary Information and Inventions
Agreement, please call me. Otherwise, please sign and date this document and
return it to me in the enclosed envelope.

This letter with attachments, the Arbitration Agreement, and the Employee
Proprietary Information and Inventions Agreement contain the entire agreement
with respect to your employment. Should you have any questions with regard to
any of the items indicated above, please call me. Kindly indicate your consent
to this agreement by signing copies of this letter, the Arbitration Agreement,
and the Proprietary Information and Inventions Agreement and returning them to
me, along with the Company’s trading policy certification.

This offer is contingent upon your background verification. Upon your signature
below, this will become our binding agreement with respect to your employment
and its terms merging and superseding in their entirety all other or prior
offers, agreements and communications, whether written or oral, by you and the
Company as to the specific subjects of this letter.

We are excited at the prospect of you joining our team. Your background and
qualifications will add a unique strength to eBay’s continued success. We look
forward to you coming on board.

     
Very truly yours,
  ACCEPTED:
 
   
/s/ Maynard Webb
  /s/ Christopher Corrado 12/14/04
 
   
Maynard Webb
Chief Operations Officer
  Christopher Corrado Date

Anticipated Start Date: 12/27/04