Document:

EX-10.18(C)

 Exhibit 10.18(C) 
  

 
 April 14, 2014 

Ken Goldman 
  

	 	Re:	Letter Amendment to Performance Stock Option (the “Option”) 

 Dear Ken: 

Reference is made to the Performance Stock Option Agreement between you and Yahoo! Inc. (the “Company”) dated November 29, 2012
(the “Original Agreement”). Capitalized terms used in this letter agreement and the attached exhibit and not otherwise defined herein or therein will have the meanings ascribed to such terms in the Original Agreement. 

The Compensation Committee has determined that GAAP revenue and adjusted EBITDA will be the Performance Measures used with respect to the
Option beginning with 2014. Accordingly, effective with the Fiscal 2014 Performance Period under the Original Agreement, Appendix A to the Original Agreement is amended and restated in its entirety to read as set forth on Appendix A to this letter
agreement. 
 This letter agreement does not modify any other terms of the Original Agreement except as expressly set forth above
(including, without limitation, the vesting provisions of the Original Agreement as applicable to any Performance Period under the Original Agreement prior to the Fiscal 2014 Performance Period). 

If this letter accurately sets forth our agreement with respect to the foregoing matters, please sign the enclosed copy of this letter and
return it to me. 
  

	
	Sincerely,
	 YAHOO! INC.

	
	 /s/ Jacqueline Reses

	
	 Jacqueline Reses

	 Chief Development Officer

 Acknowledged and Agreed: 

			
		
	 By:
	 	 /s/ Ken Goldman

		 	Ken Goldman

 701 First Avenue Sunnyvale CA 94089 

P: 408 349 3300    F: 408 349 3301 

 Appendix A - 2012 Performance Option 

Vesting of Option 
 Subject to Sections 6 and 7 of
the Agreement, one-third (1/3) of the “Total Number of Shares Granted” as set forth in the Notice of Grant shall be eligible to vest with respect to each of the Performance Periods set forth below based on the Company’s GAAP
Revenue and Adjusted EBITDA (each, a “Performance Measure”) for that Performance Period in accordance with this Appendix A. 
  

			
	 Vesting Date
	  	 Corresponding Performance Period

	January 26, 2015	  	Fiscal 2014
	January 26, 2016	  	Fiscal 2015

  

	 	•	 	Seventy percent (70%) of each Tranche shall be eligible to vest based on the Company’s GAAP Revenue during the corresponding Performance Period (the “Revenue Tranche”). 

 

	 	•	 	Thirty percent (30%) of each Tranche shall be eligible to vest based on the Company’s Adjusted EBITDA during the corresponding Performance Period (the “Adjusted EBITDA Tranche”). 

 

	 	•	 	For each Performance Measure, the Administrator has established a “Performance Goal” for the Fiscal 2014 Performance Period. At the start of the Fiscal 2015 Performance Period, the Administrator will determine
the Performance Goals for the Tranche corresponding to that Performance Period 

  

	 	•	 	For each Performance Period, each of the Revenue Tranche and the Adjusted EBITDA Tranche shall vest based on the Company’s actual performance for the Performance Period relative to the applicable Performance Goal,
with the percentage of each such tranche that vests to be determined as follows (with “actual performance” in each case being expressed as a percentage of the applicable Performance Goal): 

 

			
	 Actual Performance
GAAP Revenue
	  	Vesting 
Percentage
	 80% or less
	  	0%
	 99%
	  	99%
	 100%
	  	100%
	 101%
	  	101%
	 104% or more
	  	114%

  

			
	 Actual Performance:
Adjusted EBITDA
	  	Vesting 
Percentage
	 60% or less
	  	0%
	 98%
	  	98%
	 99%
	  	99%
	 100%
	  	100%
	 101%
	  	101%
	 102%
	  	102%
	 114% or more
	  	133%

  
 A-1 

	 	•	 	If the Company’s actual performance, as to a particular Performance Measure, is between two levels specified in the applicable table above, the vesting percentage related to that Performance Measure that vests
shall be determined by linear interpolation between the vesting percentages for those two levels. 

  

	 	•	 	The overall vesting percentage applicable to a Tranche, as determined above, shall be rounded to the nearest one percent. 

Notwithstanding any other provision herein, in no event shall a Tranche vest as to more than one hundred percent (100%) of the shares subject to the
Tranche. 
 The Administrator shall, following the end of a Performance Period, determine whether and the extent to which the applicable Performance Goals
have been satisfied and the vesting percentage of the corresponding Tranche. Such determinations by the Administrator shall be final and binding. Any portion of a Tranche allocated to a particular Performance Period that is not vested after giving
effect to the Administrator’s determination for that Performance Period shall terminate upon the date of such determination by the Administrator. 

Definitions and Adjustments 
 For purposes of the
Option, the following definitions will apply: 
 “Adjusted EBITDA” as to a particular period means the Company’s income from operations
before depreciation, amortization and stock-based compensation expense for that period. 
 “Financial Plan” as to a particular period means the
Company’s financial plan for that period reviewed by the Board of Directors and used by the Compensation Committee to set the Revenue and Adjusted EBITDA targets for that period. 

“GAAP” means U.S. generally accepted accounting principles.

“GAAP Revenue” as to a particular period means the Company’s worldwide revenue for that period as determined by the Company in accordance with
GAAP and reflected in its reporting of financial results. 
 “Tranche” means the one-third (1/3) of the “Total Number of Shares
Granted” as set forth in the Notice of Grant that is eligible to vest with respect to a particular Performance Period. 
 For purposes of calculating
actual GAAP Revenue and Adjusted EBITDA for a particular period, the GAAP Revenue and Adjusted EBITDA for that period shall be adjusted (without duplication) for the following items to the extent such items were not included in the Financial Plan:

  

	 	(a)	increased or decreased to eliminate the financial statement impact of acquisitions with a GAAP purchase price of $500 million or more and costs associated with such acquisitions; 

 

	 	(b)	increased or decreased to eliminate the financial statement impact of divestitures with a GAAP sale price of $500 million or more and costs associated with such divestitures; 

 

	 	(c)	increased or decreased to eliminate the financial statement impact of any new changes in accounting standards announced during the year that are required to be applied during the year in accordance with GAAP;

  

	 	(d)	increased or decreased to eliminate the financial statement impact of restructuring charges that are required to be expensed (or reversed) under GAAP; 

  
 A-2 

	 	(e)	increased or decreased to eliminate the financial statement impact of goodwill and intangible asset impairment charges that are required to be recorded under GAAP; and 

 

	 	(f)	increased or decreased to eliminate the financial statement impact of legal settlements that have an impact on revenues or expenses under GAAP. 

  
 A-3EX-10.24

 Exhibit 10.24 

May 31, 1999 
 Ronald Scott Bell 

Dear Ronald: 
 On behalf of Yahoo! Inc., I am pleased to offer
you the position of Corporate Counsel reporting to Jon Sobel. Your starting salary will be $8,750.00 per month ($105,000.00 annually), paid semi-monthly and subject to an annual review. Additionally, you will be eligible to participate in the
regular Yahoo! health insurance benefits and other employee benefit plans established by the company generally for its employees. 
 As a part of the Yahoo!
team, we strongly believe that ownership of the Company by our employees is an important factor to our success. Therefore, as part of your compensation, management will recommend that the Board of Directors grant you an option to purchase 22,500
shares of Yahoo! lnc.’s Common stock under Yahoo! lnc.’s 1995 Stock Option Plan. The exercise price for this option will be the fair market value of Yahoo! Common Stock on the date of grant as determined by the Board of Directors. Options
under the Yahoo! plan typically have a 10 year term and vest as to 1/4 of the shares after one year of employment, and in equal monthly installments over the 36 following months. 

As an employee of Yahoo!, it is likely that you will become knowledgeable about confidential and or proprietary information related to the operations,
products and services of the company and its clients. To protect the interests of both the company and its clients, all employees are required to read and sign a PROPRIETARY INFORMATION AND ASSIGNMENT OF INVENTIONS AGREEMENT prior to beginning
employment. A copy of this agreement is enclosed. Please sign it and return it along with your signed copy of this letter. 
 Please understand that this
letter does not constitute a contract of employment for any specific period of time, but will create an “employment at will” relationship that may be terminated at any time by you or Yahoo!, with or without cause. Your signature at the end
of this letter confirms that no promises or agreements that are contrary to our at-will relationship have been committed to you during any of your pre-employment discussions with Yahoo!, and that this letter contains our complete agreement regarding
the terms and conditions of your employment. 
 Our signature on this letter also confirms our mutual agreement to binding arbitration, as defined under the
California Arbitration Act, under the rules of the American Arbitration Association, should there be any dispute related to the termination of our employment relationship or the terms of your employment relationship with Yahoo!. 

www.yahoo.com              3420 central expressway Ÿ santa clara, CA 95051 Ÿ phone (408) 731-8300 Ÿ fax (408) 616-3707 

  Page
 2
 
  

 We hope for an early acceptance of this offer, however, it will remain open until the close of business on
June 8, 1999. Please understand that this offer is contingent upon successful completion of your background investigation. To accept this offer, please sign this letter in the space provided below and return it to Amy Logue. At 9:00AM on your
first day of employment, you will meet with Beth Haba, Human Resources Director, for your new hire orientation. Please ask for her in the lobby of building 3420 located on Central Expressway in Santa Clara. In order for Yahoo! to comply with the
Immigration Reform and Control Act we ask that you bring with you on your first day, appropriate verification or authorization to work in the United States (e.g. US Passport or driver’s license and social security card). We look forward to your
joining us and hope that you find your employment with Yahoo! enjoyable and professionally rewarding. 
  

	
	Very truly yours,
	
	 /s/ Shelley Shaw

	
	 Shelley Shaw

	 Human Resources Manager

 I accept this offer of employment with Yahoo! Inc. and agree to the terms and conditions outlined in this letter. 

 

					
	 /s/ Ronald S. Bell
	 		 	 6/4/99

	Signature	 		 	Date
			
	 July 12, 1999
	 		 	
	Planned Start Date

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