Exhibit 10.2
Terms and Conditions for Restricted Stock Units Granted Under the
Match Group, Inc. 2017 Stock and Annual Incentive Plan
 

Overview
 
These Terms and Conditions apply to your award of restricted stock units (the
“Award”) granted pursuant to Section 7 of the Match Group, Inc. 2017 Stock and
Annual Incentive Plan (the “2017 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 meanings set forth in 2017 Plan.
 
Continuous Service
 
In order for your Award to vest, you must be continuously employed by Match
Group, Inc. (“Match”) or any of its Subsidiaries during the Restriction Period
(as defined below). Nothing in your Award Notice, these Terms and Conditions or
the 2017 Plan shall confer upon you any right to continue in the employ or
service of Match or any of its Subsidiaries or interfere in any way with their
rights to terminate your employment or service at any time.
 
Vesting
 
Subject to these Terms and Conditions and the 2017 Plan, the restricted stock
units (“RSUs”) in respect of your Award shall vest and no longer be subject to
any restriction (such period during which such restriction applies is the
“Restriction Period”) as specified in your Award Notice.
 
Termination of Employment
 
The treatment of the RSUs in respect of your Award upon the termination of your
employment is set forth in these Terms and Conditions and the 2017 Plan. Except
as set forth in your Award Notice, employment agreement (if applicable) or
below, upon any termination of your employment with Match or any of its
Subsidiaries during the Restriction Period for any reason (including, for the
avoidance of doubt, due to your death or Disability) any unvested portion of
your Award shall be forfeited and canceled in its entirety effective immediately
upon such event.
 
If: (i) your employment is terminated for Cause or if you resign in anticipation
of being terminated for Cause or (ii) following any termination of your
employment for any reason, Match becomes aware that during the two (2) years
prior to such termination of employment there was an event or circumstance that
would have been grounds for termination for Cause that caused or is reasonably
likely to cause meaningful damage (economic, reputational or otherwise) to Match
and/or any of its Subsidiaries (the “Underlying Event”) (and which would not
have been curable upon notice), then: (a) your Award (whether or not vested)
shall be forfeited and canceled in its entirety and (b) if your Award vested
after the Underlying Event, then Match shall be entitled to recover from you at
any time within two (2) years after such vesting, and you shall pay over to
Match, any amounts realized as a result of such vesting. This remedy shall be
without prejudice to, or waiver of, any other remedies Match and/or its
Subsidiaries may have in such event.
 
Settlement
 
Subject to your satisfaction of the tax obligations described immediately below
under “Taxes and Withholding,” as soon as practicable after any RSUs in respect
of your Award have vested and are no longer subject to the Restriction Period,
such RSUs shall be settled. For each RSU settled, Match shall: (i) if you are
employed within the United States, issue one share of Common Stock for each RSU
vesting or (ii) if you are employed outside the United States, pay, or cause to
be paid, to you an amount of cash equal to the Fair Market Value of one share of
Common Stock for each RSU vesting. Notwithstanding the foregoing, Match shall be
entitled to hold the shares or cash issuable to you upon settlement of all RSUs
that have vested until Match or the agent selected by Match to administer the
2017 Plan (the “Agent”) has received from you: (i) a duly executed Form W-9 or
W-8, as applicable or (ii) payment for any federal, state, local or foreign
taxes of any kind required by law to be withheld with respect to such RSUs.
 

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Taxes and Withholding
 
No later than the date as of which an amount in respect of any RSUs first
becomes includible in your gross income for federal, state, local or foreign
income or employment or other tax purposes, Match or its Subsidiaries 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 RSUs 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 the related withholding obligation. If the event that any
such deduction and/or withholding is prohibited by law, you shall, prior to or
contemporaneously with the vesting or your RSUs, pay to Match, or make
arrangements satisfactory to Match 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.
 
Change in Control
 
Change in Control. “Change in Control” is defined as set forth in the Plan. The
vesting of your Award will not be accelerated upon a Change in Control of Match.
However, in the event that you cease to be employed within the two (2) year
period following a Change in Control of Match as a result of: (i) a termination
without Cause or (ii) your resignation for Good Reason, then 100% of your Award
shall vest in one lump sum installment as of the date of such event. The
Disaffiliation of the business or subsidiary of Match by which you are employed
or for which you are performing services at the time of such sale or other
disposition by Match shall be considered a Termination of Employment (not a
Change in Control of Match) and shall be governed by the applicable provisions
of the 2017 Plan and the provision set forth under the caption “Termination of
Employment” above; provided, however, that the Committee may deem it appropriate
to make an equitable adjustment to the number of RSUs and the number and kind of
shares of Common Stock underlying the RSUs underlying your Award.
 
Non-Transferability of the RSUs
 
Until such time as your RSUs are ultimately settled, they shall not be
transferable by you by means of sale, assignment, exchange, encumbrance, pledge,
hedge or otherwise.
 
No Rights as a Stockholder
 
Except as otherwise specifically provided in the 2017 Plan, unless and until
your RSUs are settled, you shall not be entitled to any rights of a stockholder
with respect to the RSUs (including the right to vote the shares underlying your
RSUs and the right to receive dividends, among other rights).
 
Other Restrictions
 
The RSUs shall be subject to the requirement that, if at any time the Committee
shall determine that: (i) the listing, registration or other 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 or
permit 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 of RSUs 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 2017
Plan, the 2017 Plan shall control; provided, that an action or provision that is
permissive under the terms of the 2017 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 2017 Plan shall
govern including, without limitation, the provisions thereof pursuant to which
the Committee has the power, among others, to: (i) interpret the 2017 Plan,
(ii) prescribe, amend and rescind rules and

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regulations relating to the 2017 Plan and (iii) make all other determinations
deemed necessary or advisable for the administration of the 2017 Plan. In the
event of any conflict between your Award Notice (or any other information posted
by Match or the Agent online or given to you directly or indirectly through the
Agent) and Match’s books and records, or (ii) ambiguity in the Award Notice (or
any other information posted by Match or the Agent online or given to you
directly or indirectly through the Agent), Match’s books and records shall
control.
 
Amendment
 
Match may modify, amend or waive the terms of your RSUs, 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 RSUs constitutes your authorization of the release from
time to time to Match or any of its Subsidiaries or Affiliates and to the Agent
(together, the “Relevant Companies”) of any and all personal or professional
data that is necessary or desirable for the administration of your RSUs and/or
the 2017 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 RSUs and/or the 2017 Plan and/or to implement or
structure any further grants of equity awards (if any)). The acceptance of your
RSUs also constitutes your authorization of the transfer of the Relevant
Information to any jurisdiction in which Match, 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.
 
Section 409A of the Code
 
Your Award is not intended to constitute “nonqualified deferred compensation”
within the meaning of Section 409A of the Internal Revenue Code of 1986, as
amended, and the rules and regulations issued thereunder (“Section 409A”). 
However, if: (i) any amounts or benefits payable in respect of your Award are
determined to be non-qualified deferred compensation within the meaning of
Section 409A, (ii) such amounts become payable upon a termination of employment
and (iii) you are a “Specified Employee” (as defined under Section 409A) as of
the date of your termination of employment, then such amounts or benefits (if
any) shall be paid or provided to you in a single lump sum on the earlier of
(x) the first day of the seventh month following your termination of employment
and (y) your death.
 
In no event shall Match be required to pay you any “gross-up” or other payment
with respect to any taxes or penalties imposed under Section 409A with respect
to any amounts or benefits paid to you in respect of your Award.

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