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                                                                   EXHIBIT 10.24

                                    EBAY INC.

                           1998 EQUITY INCENTIVE PLAN

                             STOCK OPTION AGREEMENT

            This Stock Option Agreement (this "AGREEMENT") is made and entered
into as of the date of grant set forth in the attached Notice of Grant of Stock
Option (the "NOTICE") by and between eBay Inc., a Delaware corporation (the
"COMPANY"), and the Optionee named in the Notice ("OPTIONEE"). Capitalized terms
not defined herein shall have the meanings ascribed to them in the Company's
1998 Equity Incentive Plan (the "PLAN").

            1. EXPIRATION. This Option shall expire on the Expiration Date set
forth on the Notice and must be exercised, if at all, on or before the earlier
of the Expiration Date or the date on which this Option is earlier terminated in
accordance with the provisions of Section 2 hereof.

            2. VESTING; TERMINATION. This Option shall vest in accordance with
the schedule set forth in the Notice and shall be exercisable only as it vests.
This Option shall cease to vest upon Optionee's Termination, and may be
exercised after Optionee's Termination only as set forth below.

                  2.1 Termination for Any Reason Except Death, Disability or
Cause. If Optionee is Terminated for any reason except Optionee's death,
Disability or Cause, then this Option, to the extent (and only to the extent)
that it is vested in accordance with the schedule set forth in the Notice on the
Termination Date, may be exercised by Optionee no later than three (3) months
after the Termination Date, but in any event no later than the Expiration Date.

                  2.2 Termination Because of Death or Disability. If Optionee is
Terminated because of death or Disability of Optionee (or the Optionee dies
within three (3) months after Termination other than for Cause or because of
Disability), then this Option, to the extent that it is vested in accordance
with the schedule set forth in the Notice on the Termination Date, may be
exercised by Optionee (or Optionee's legal representative or authorized
assignee) no later than twelve (12) months after the Termination Date, but in
any event no later than the Expiration Date. Any exercise after three months
after the Termination Date when the Termination is for any reason other than
Optionee's disability, within the meaning of Code Section 22(e)(3), shall be
deemed to be the exercise of a nonqualified stock option.

                  2.3 Termination for Cause. If Optionee is Terminated for
Cause, this Option will expire on the Optionee's date of Termination.

                  2.4 No Obligation to Employ. Nothing in the Plan, the Notice
or this Agreement shall confer on Optionee any right to continue in the employ
of, or other relationship with, the Company or any Parent or Subsidiary of the
Company, or limit in any way the right of

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                                                                       eBay Inc.
                                                          Stock Option Agreement

the Company or any Parent or Subsidiary of the Company to terminate Optionee's
employment or other relationship at any time, with or without Cause.

            3. MANNER OF EXERCISE.

                  3.1 Stock Option Exercise Agreement. To exercise this Option,
Optionee (or in the case of exercise after Optionee's death, Optionee's
executor, administrator, heir or legatee, as the case may be) must deliver to
the Company an executed stock option exercise agreement in the form attached
hereto as Exhibit A, or in such other form as may be approved by the Company
from time to time (the "EXERCISE AGREEMENT"), which shall set forth, inter alia,
Optionee's election to exercise this Option, the number of shares being
purchased, any restrictions imposed on the Shares and any representations,
warranties and agreements regarding Optionee's investment intent and access to
information as may be required by the Company to comply with applicable
securities laws. If someone other than Optionee exercises this Option, then such
person must submit documentation reasonably acceptable to the Company that such
person has the right to exercise this Option.

                  3.2 Limitations on Exercise. This Option may not be exercised
unless such exercise is in compliance with all applicable federal and state
securities laws, as they are in effect on the date of exercise. This Option may
not be exercised as to fewer than 100 Shares unless it is exercised as to all
Shares as to which this Option is then exercisable.

                  3.3 Payment. The Exercise Agreement shall be accompanied by
full payment of the Exercise Price for the Shares being purchased in cash (by
check), or where permitted by law:

      (a)   by cancellation of indebtedness of the Company to the Optionee;

      (b)   by surrender of shares of the Company's Common Stock that either:
            (1) have been owned by Optionee for more than six (6) months and
            have been paid for within the meaning of SEC Rule 144 (and, if such
            shares were purchased from the Company by use of a promissory note,
            such note has been fully paid with respect to such shares); or (2)
            were obtained by Optionee in the open public market; and (3) are
            clear of all liens, claims, encumbrances or security interests;

      (c)   by waiver of compensation due or accrued to Optionee for services
            rendered;

      (d)   provided that a public market for the Company's stock exists: (1)
            through a "same day sale" commitment from Optionee and a
            broker-dealer that is a member of the National Association of
            Securities Dealers (an "NASD DEALER") whereby Optionee irrevocably
            elects to exercise this Option and to sell a portion of the Shares
            so purchased to pay for the Exercise Price and whereby the NASD
            Dealer irrevocably commits upon receipt of such Shares to forward
            the exercise price directly to the Company; or (2) through a
            "margin" commitment from Optionee and an NASD Dealer whereby
            Optionee irrevocably elects to exercise this Option and to pledge

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                                                                       eBay Inc.
                                                          Stock Option Agreement

            the Shares so purchased to the NASD Dealer in a margin account as
            security for a loan from the NASD Dealer in the amount of the
            Exercise Price, and whereby the NASD Dealer irrevocably commits upon
            receipt of such Shares to forward the Exercise Price directly to the
            Company; or

      (e)   by any combination of the foregoing.

                  3.4 Tax Withholding. Prior to the issuance of the Shares upon
exercise of this Option, Optionee must pay or provide for any applicable federal
or state withholding obligations of the Company. If the Committee permits,
Optionee may provide for payment of withholding taxes upon exercise of this
Option by requesting that the Company retain Shares with a Fair Market Value
equal to the minimum amount of taxes required to be withheld. In such case, the
Company shall issue the net number of Shares to the Optionee by deducting the
Shares retained from the Shares issuable upon exercise.

                  3.5 Issuance of Shares. Provided that the Exercise Agreement
and payment are in form and substance satisfactory to counsel for the Company,
the Company shall issue the Shares registered in the name of Optionee,
Optionee's authorized assignee, or Optionee's legal representative, and shall
deliver certificates representing the Shares with the appropriate legends
affixed thereto.

            4. NOTICE OF DISQUALIFYING DISPOSITION OF ISO SHARES. To the extent
this Option is an ISO, if Optionee sells or otherwise disposes of any of the
Shares acquired pursuant to the ISO on or before the later of (a) the date two
(2) years after the Date of Grant, and (b) the date one (1) year after transfer
of such Shares to Optionee upon exercise of this Option, then Optionee shall
immediately notify the Company in writing of such disposition.

            5. COMPLIANCE WITH LAWS AND REGULATIONS. The exercise of this Option
and the issuance and transfer of Shares shall be subject to compliance by the
Company and Optionee with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on
which the Company's Common Stock may be listed at the time of such issuance or
transfer. Optionee understands that the Company is under no obligation to
register or qualify the Shares with the SEC, any state securities commission or
any stock exchange to effect such compliance.

            6. NONTRANSFERABILITY OF OPTION. This Option may not be transferred
in any manner other than by will or by the laws of descent and distribution and
may be exercised during the lifetime of Optionee only by Optionee. The terms of
this Option shall be binding upon the executors, administrators, successors and
assigns of Optionee.

            7. TAX CONSEQUENCES. Set forth below is a brief summary as of the
date the Board adopted the Plan of some of the federal and California tax
consequences of exercise of this Option and disposition of the Shares. THIS
SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. OPTIONEE

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                                                                       eBay Inc.
                                                          Stock Option Agreement

SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE
SHARES.

                  7.1 Exercise of Incentive Stock Option. To the extent this
Option qualifies as an ISO, there will be no regular federal or California
income tax liability upon the exercise of this Option, although the excess, if
any, of the fair market value of the Shares on the date of exercise over the
Exercise Price will be treated as a tax preference item for federal income tax
purposes and may subject the Optionee to the alternative minimum tax in the year
of exercise.

                  7.2 Exercise of Nonqualified Stock Option. To the extent this
Option does not qualify as an ISO, there may be a regular federal and California
income tax liability upon the exercise of this Option. Optionee will be treated
as having received compensation income (taxable at ordinary income tax rates)
equal to the excess, if any, of the fair market value of the Shares on the date
of exercise over the Exercise Price. The Company may be required to withhold
from Optionee's compensation or collect from Optionee and pay to the applicable
taxing authorities an amount equal to a percentage of this compensation income
at the time of exercise.

                  7.3 Disposition of Shares. The following tax consequences may
apply upon disposition of the Shares.

                        a. Incentive Stock Options. If the Shares are held for
more than twelve (12) months after the date of the transfer of the Shares
pursuant to the exercise of an ISO and are disposed of more than two (2) years
after the Date of Grant, any gain realized on disposition of the Shares will be
treated as long-term capital gain for federal and California income tax
purposes. If Shares purchased under an ISO are disposed of within the applicable
one (1) year or two (2) year period, any gain realized on such disposition will
be treated as compensation income (taxable at ordinary income rates) to the
extent of the excess, if any, of the fair market value of the Shares on the date
of exercise over the Exercise Price.

                        b. Nonqualified Stock Options. If the Shares are held
for more than twelve (12) months after the date of the transfer of the Shares
pursuant to the exercise of an NQSO, any gain realized on disposition of the
Shares will be treated as long-term capital gain.

                        c. Withholding. The Company may be required to withhold
from Participant's compensation or collect from the Participant and pay to the
applicable taxing authorities an amount equal to a percentage of this
compensation income.

            8. PRIVILEGES OF STOCK OWNERSHIP. Optionee shall not have any of the
rights of a stockholder with respect to any Shares until the Shares are issued
to Optionee.

            9. INTERPRETATION. Any dispute regarding the interpretation of this
Agreement shall be submitted by Optionee or the Company to the Committee for
review. The resolution of such a dispute by the Committee shall be final and
binding on the Company and Optionee.

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                                                                       eBay Inc.
                                                          Stock Option Agreement

            10. ENTIRE AGREEMENT. The Plan is incorporated herein by reference.
This Agreement, the Notice, the Plan and the Exercise Agreement constitute the
entire agreement and understanding of the parties hereto with respect to the
subject matter hereof and supersede all prior understandings and agreements with
respect to such subject matter.

            11. NOTICES. Any notice required to be given or delivered to the
Company under the terms of this Agreement shall be in writing and addressed to
the Corporate Secretary of the Company at its principal corporate offices. Any
notice required to be given or delivered to Optionee shall be in writing and
addressed to Optionee at the address indicated above or to such other address as
such party may designate in writing from time to time to the Company. All
notices shall be deemed to have been given or delivered upon: personal delivery;
three (3) days after deposit in the United States mail by certified or
registered mail (return receipt requested); one (1) business day after deposit
with any return receipt express courier (prepaid); or one (1) business day after
transmission by facsimile.

            12. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Agreement. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer set forth herein, this Agreement shall be binding upon
Optionee and Optionee's heirs, executors, administrators, legal representatives,
successors and assigns.

            13. GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the internal laws of the State of California, without regard
to that body of law pertaining to choice of law or conflict of law.

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                                    EXHIBIT A

                                    EBAY INC.
                     1998 EQUITY INCENTIVE PLAN (THE "PLAN")
                         STOCK OPTION EXERCISE AGREEMENT

      I hereby elect to purchase the number of shares of Common Stock of EBAY
INC. (the "Company") as set forth below:

<TABLE>
<S>                                              <C>
Optionee_____________________________________    Number of Shares Purchased:____________
Social Security Number:______________________    Purchase Price per Share:______________
Address:_____________________________________    Aggregate Purchase Price:______________
        _____________________________________    Date of Option Agreement:______________
        _____________________________________
Type of Option: [ ] Incentive Stock Option       Exact Name of Title to Shares:_________
                [ ] Nonqualified Stock Option    _______________________________________
</TABLE>

1. DELIVERY OF PURCHASE PRICE. Optionee hereby delivers to the Company the
Aggregate Purchase Price, to the extent permitted in the Option Agreement (the
"Option Agreement") as follows (check as applicable and complete):

[ ]   in cash (by check) in the amount of $_____________________, receipt of
      which is acknowledged by the Company;

[ ]   by cancellation of indebtedness of the Company to Optionee in the amount
      of $________________________________;

[ ]   by delivery of ______________________________ fully-paid, nonassessable
      and vested shares of the Common Stock of the Company owned by Optionee for
      at least six (6) months prior to the date hereof (and which have been paid
      for within the meaning of SEC Rule 144), or obtained by Optionee in the
      open public market, and owned free and clear of all liens, claims,
      encumbrances or security interests, valued at the current Fair Market
      Value of $____________________ per share;

[ ]   by the waiver hereby of compensation due or accrued to Optionee for
      services rendered in the amount of $____________________________________ ;

[ ]   through a "same-day-sale" commitment, delivered herewith, from Optionee
      and the NASD Dealer named therein, in the amount of
      $_______________________________; or

[ ]   through a "margin" commitment, delivered herewith from Optionee and the
      NASD Dealer named therein, in the amount of $_________________________.

2. MARKET STANDOFF AGREEMENT. Optionee, if requested by the Company and an
underwriter of Common Stock (or other securities) of the Company, agrees not to
sell or otherwise transfer or dispose of any Common Stock (or other securities)
of the Company held by Optionee during the period requested by the managing
underwriter following the effective date of a registration statement of the
Company filed under the Securities Act, provided that all officers and directors
of the Company are required to enter into similar agreements. Such agreement
shall be in writing in a form satisfactory to the Company and such underwriter.
The Company may impose stop-transfer instructions with respect to the shares (or
other securities) subject to the foregoing restriction until the end of such
period.

3. TAX CONSEQUENCES. OPTIONEE UNDERSTANDS THAT OPTIONEE MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF OPTIONEE'S PURCHASE OR DISPOSITION OF THE SHARES.
OPTIONEE REPRESENTS THAT OPTIONEE HAS CONSULTED WITH ANY TAX CONSULTANT(S)
OPTIONEE DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE
SHARES AND THAT OPTIONEE IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

4. ENTIRE AGREEMENT. The Plan, Option Agreement and Notice of Grant of Stock
Option (the "NOTICE") are incorporated herein by reference. This Exercise
Agreement, the Plan, the Option Agreement and the Notice constitute the entire
agreement and understanding of the parties and supersede in their entirety all
prior understandings and agreements of the Company and Optionee with respect to
the subject matter hereof, and are governed by California law except for that
body of law pertaining to choice of law or conflict of law.

Date: _______________________________    __________________________________
                                         SIGNATURE OF OPTIONEE