Exhibit 10.19

 

AMENDMENT NUMBER 1
TO
EMPLOYMENT AGREEMENT
DATED AS OF OCTOBER 9, 2002
BETWEEN TOM MCINERNEY
AND
INTERACTIVECORP

This Amendment (this “Amendment”) is entered into as of November 15, 2004 (the
“Amendment Effective Date”) by and between Tom McInerney (the “Executive”) and
IAC/InterActiveCorp (the “Company”) with regard to that certain Employment
Agreement, dated as of October 9, 2002, between the Executive and the Company
(the “Agreement”). All capitalized terms used herein without definition will
have the meaning given them in the Agreement.

 

WHEREAS, Executive and the Company have agreed that Executive will assume a new
role within the Company and its affiliates; and

 

WHEREAS, it is the intention of the parties to amend the terms of the Agreement
as a result of this change.

 

NOW, THEREFORE, the parties agree that, as of a time to be designated by the
Company upon reasonable notice to Executive, the following amendments to the
Agreement shall become effective:

 

1.                                       The first two sentences of Section 1A
of the Agreement are hereby deleted and replaced in their entirety with the
following:

 

The Company agrees to employ Executive as Executive Vice President, Chief
Financial Officer and Executive accepts and agrees to such employment. 
Executive will have such responsibilities as are reasonably assigned by the
Reporting Officer (defined below), consistent with his role as CFO of the
Company (the “Responsibilities”).

 

2.                                       The words “and HSN’s offices in St.
Petersburg, Florida” shall be deleted from the final sentence of Section 1A of
the Agreement.

 

3.                                       In Section 3A(a) of the Agreement,
“$450,000” shall be deleted and “$550,000” shall be inserted in its place.

 

4.                                       The words “(including reasonable costs
of commercial air travel incurred in commuting on a regular basis between New
York, New York and Tampa, Florida)” in Section 3A(d)(i) of the Agreement, as
well as the final sentence of the same section, shall be deleted.

 

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5.                                       The final sentence of Section 1 (d) of
the Agreement shall be deleted and replaced with the following:

 

“Notwithstanding any provision herein to the contrary, for the avoidance of
doubt the parties agree that the designation by the Company of a new Reporting
Officer shall not constitute a material diminution in Executive’s
Responsibilities, provided that the Executive retains such responsibilities
consistent with the role of CFO of the Company.”

 

6.                                       Except as explicitly set forth herein,
the Agreement will remain in full force and effect.

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
November 15, 2004.

 

 

 

IAC/INTERACTIVECORP

 

 

 

 

 

By:

/s/ Gregory R. Blatt

 

 

 

 Name: Gregory R. Blatt

 

 

 Title: SVP and General Counsel

 

 

 

 

 

 

 

 

/s/ Thomas J. McInerney

 

 

 

THOMAS J. MCINERNEY

 

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