Document:

Form of Change of Control Agreement

 Exhibit 10.4(a) 

ZIPREALTY, INC. 
 CHANGE OF CONTROL AGREEMENT 
 This Change of Control Agreement (the
“Agreement”) is made and entered into by and between ZipRealty, Inc., a Delaware corporation (the “Company”), and the individual whose name is set forth on the signature page to this Agreement (the “Executive”).

 R E C I T A L S 
 A. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control. The Board of Directors of the Company (the
“Board”) recognizes that such consideration can be a distraction to the Executive and can cause the Executive to consider alternative employment opportunities. The Board has determined that it is in the best interests of the Company and
its shareholders to assure that the Company will have the continued dedication and objectivity of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control of the Company. 

B. The Board believes that it is in the best interests of the Company and its shareholders to provide the Executive with an incentive to
continue his employment and to motivate the Executive to maximize the value of the Company upon a Change of Control for the benefit of its shareholders. 
 C. Certain capitalized terms used in the Agreement are defined in Section 4 below. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties hereto agree as follows: 

1. Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto with respect to this
Agreement have been satisfied. 
 2. At-Will Employment. The Company and the Executive acknowledge that the
Executive’s employment is and shall continue to be at-will, as defined under applicable law. If the Executive’s employment terminates for any reason, including (without limitation) any termination prior to a Change of Control, the
Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement, or as may otherwise be available in accordance with the Company’s established Executive plans and practices or
pursuant to other agreements with the Company. 
 3. Benefits. 

(a) Termination Following A Change of Control. In the event that a Change of Control of the Company occurs and
during the period beginning on the closing date of the transaction giving rise to such Change of Control and ending 12 months after such closing date, the Executive’s employment with the Company (or the successor entity in such Change of
Control transaction) is either (a) terminated by the Company (or its successor entity) without Cause or (b) is 

 
Constructively Terminated, then fifty percent (50%) of all unvested Stock Rights as of such date shall become fully vested on the date of such termination. 

(b) Termination For Cause. If the Executive’s employment terminates by reason of the Executive’s
voluntary resignation (and is not a Constructive Termination), or if the Executive is terminated for Cause, then the Executive shall not be entitled to receive the accelerated vesting of Stock Rights set forth in Section 3(a) above. 

(c) Termination Apart from Change of Control. In the event the Executive’s employment is terminated for any
reason, either prior to the occurrence of a Change of Control or after the twelve (12)-month period following a Change of Control, then the Executive will be entitled to receive severance and any other benefits only as may then be established under
the Company’s existing written severance and benefits plans and practices or pursuant to other written agreements with the Company. 
 4. Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 
 (a) Cause. “Cause” means (i) the Executive’s failure to perform (other than due to mental or physical disability or death) the duties of Executive’s position (as they may
exist from time to time) to the reasonable satisfaction of the Company (or the successor corporation) after receipt of a written warning and failure to cure any such non-performance within ten business days of receipt of such written warning;
(ii) any act of dishonesty taken in connection with the Executive’s responsibilities as an Executive that is intended to result in such Executive’s personal enrichment; (iii) the Executive’s conviction or plea of no contest
to a crime that negatively reflects on the Executive’s fitness to perform Executive’s duties or harms the Company’s (or the successor corporation’s) reputation or business; (iv) willful misconduct by the Executive that is
injurious to the Company’s (or the successor corporation’s) reputation or business; or (v) the Executive’s willful violation of a material Company employment policy. For purposes of this definition, an act or failure to act will
be deemed “willful” if effected not in good faith or without reasonable belief that such action or failure to act was in the best interests of the Company (or the successor corporation). 

(b) “Change in Control” means the occurrence of any of the following events: 

(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the
“beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then
outstanding voting securities; or 
 (ii) The approval by shareholders of the sale or disposition by the Company
of all or substantially all of the Company’s assets; 
 (iii) A change in the composition of the Board
occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” means directors who either (A) are Directors as of the effective date of the

  
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Plan, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but
will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or 

(iv) The approval by shareholders of a merger or consolidation of the Company with any other corporation, other than a
merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or
its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

For purposes of clauses (i) and (iii) above, such Change of Control shall be deemed to have occurred on the date on which the
transaction closes; for the purpose of clauses (ii) and (iv) above, such Change of Control shall be deemed to have occurred on the date on which the Company’s shareholders approve a transaction described in that clause.
Notwithstanding the foregoing, the reincorporation of the Company in Delaware (or any other jurisdiction) shall not constitute a Change of Control for purposes of this Agreement. 

(c) Constructive Termination. “Constructive Termination” shall mean the occurrence of any of the
following without the Executive’s express written consent (i) the assignment to the Executive of any duties or the reduction of the Executive’s duties, either of which results in a significant diminution in the Executive’s
position or responsibilities in effect immediately prior to such assignment, or the removal of the Executive from such position and responsibilities, provided, however that changes in the circumstances of employment which are solely the result of
changes in corporate legal structure resulting directly from the Change of Control shall not constitute a basis for Constructive Termination; (ii) a substantial reduction, without good business reasons, of the facilities and perquisites
(including office space and location) available to the Executive immediately prior to such reduction; (iii) a material reduction by the Company in the cash compensation of the Executive as in effect immediately prior to such reduction;
(iv) a material reduction by the Company in the kind or level of employee benefits to which the Executive is entitled immediately prior to such reduction with the result that the Executive’s overall benefits package is significantly
reduced; or (v) the relocation of Executive’s principal place of employment to a facility or a location more than 50 miles from the Executive’s then present location. 

(d) Stock Rights. “Stock Rights” shall mean all options to acquire shares of Company Common Stock or
stock appreciation rights under plans, agreements or arrangements which are compensatory in nature, including, without limitation, the Company’s 1999 Stock Plan and 2004 Equity Incentive Plan, and any restricted stock issued by the Company.

  
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 5. Successors. 

(a) Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase,
merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the
same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s
business and/or assets which executes and delivers the assumption agreement described in this Section 5(a) or which becomes bound by the terms of this Agreement by operation of law. 

(b) Executive’s Successors. The terms of this Agreement and all rights of the Executive hereunder shall inure
to the benefit of, and be enforceable by, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

6. Notice. 
 (a) General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S.
registered or certified mail, return receipt requested and postage prepaid. In the case of the Executive, mailed notices shall be addressed to the Executive at his or her home address most recently communicated to the Company in writing. In the case
of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 
 (b) Notice of Termination. Any termination by the Company for Cause or by the Executive as a result of a voluntary resignation or a Constructive Termination shall be communicated by a notice of
termination to the other party hereto given in accordance with Section 6(a) of this Agreement. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which shall be not more than 30 days after the giving of such notice). The failure by the Executive to include in the
notice any fact or circumstance which contributes to a showing of Constructive Termination shall not waive any right of the Executive hereunder or preclude the Executive from asserting such fact or circumstance in enforcing Executive’s rights
hereunder. 
 7. Miscellaneous Provisions. 

(a) No Duty to Mitigate. The Executive shall not be required to mitigate the amount of any payment contemplated by
this Agreement, nor shall any such payment be reduced by any earnings that the Executive may receive from any other source. 
 (b) Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an
authorized officer of the Company (other than the Executive). No waiver by 

  
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either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the
same condition or provision at another time. 
 (c) Headings. All captions and section headings used in
this Agreement are for convenient reference only and do not form a part of this Agreement. 
 (d) Whole
Agreement. No agreements, representations or understandings (whether oral or written and whether express or implied) which are not expressly set forth in this Agreement have been made or entered into by either party with respect to the subject
matter hereof. This Agreement represents the entire understanding of the parties hereto with respect to the subject matter hereof and supersedes all prior arrangements and understandings regarding the same, including, if applicable, any prior Change
of Control Agreement entered into by and between the Company and the Executive which shall be superseded by this Agreement notwithstanding Section 7(d) of such agreement. No future agreements between the Company and the Executive may supersede
this Agreement, unless they are in writing and specifically mention this Section 7(d). 
 (e) Choice of
Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California (with the exception of its conflict of laws provisions). 

(f) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 (g) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 

*  *  * 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Change in Control Agreement, in
the case of the Company by its duly authorized officer, as of the day and year set forth below. 
  

									
	COMPANY:	 		 	ZIPREALTY, INC.
					
		 		 		 	By:	 	 
					
		 		 		 	Name:	 	
					
		 		 		 	Title:	 	
					
		 		 		 	Date:	 	 
				
	EXECUTIVE:	 		 	Name:	 	 
					
		 		 		 	Signature:	 	 
					
		 		 		 	Date:Management Incentive Plan - Fiscal Year 2011

 Exhibit 10.9 
 ZipRealty Inc. Management Incentive Plan – Fiscal Year 2011 
 General Purpose:
This ZipRealty Inc. (“Company”) Management Incentive Plan – Fiscal Year 2011 (“Plan”) is designed to motivate and retain the Company’s Management (as defined herein) to achieve the Company’s financial and
operational goals for Fiscal Year 2010, as well as to retain such persons in the employ of the Company. Management as used in this Plan includes all employees of the Company holding the position of Vice President or higher. “Management”
specifically excludes all District Directors, Sales Management, as defined in the Sales Management 2011 Incentive Plan, and other employees not specifically identified in this paragraph. 
 Duration: This Plan will be in effect for the Company’s fiscal year ending December 31, 2011 (“Fiscal Year 2011”), meaning that the performance period determining whether
bonuses will be paid upon satisfaction of performance objectives is Fiscal Year 2011. 
 Plan Administrator: The
Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) shall administer this Plan with respect to “Eligible Persons” (as defined below) who are executive officers of the Company, and the
Company’s Chief Executive Officer, in consultation with the Committee, shall administer this Plan with respect to other Eligible Persons (as applicable, the “Administrator”).  

Eligible Persons: Individuals eligible to earn an incentive payment under this plan (“Eligible Persons”) include Management who are
employed by the Company during the Fiscal Year 2011, without interruption (except as set forth in the “Proration” section of this Plan), and (ii) on the date following completion of the Fiscal Year when the Administrator completes its
review of performance, calculates and approves the payment of bonuses under this Plan. 
 Proration: In the sole discretion
of the Administrator, a prorated incentive may be paid under this Plan for any member of Management who became eligible to participate in the Plan after the beginning of Fiscal Year 2011, or who was away from work for some portion of fiscal year
2011 due to an approved leave of absence. Additionally, in the sole discretion of the Administrator, a modified incentive amount may be paid under this Plan to any Eligible Person who works a reduced work schedule. 

Incentive Pool: The Committee, in consultation with the Company’s Chief Executive Officer will establish an incentive pool of funds available
for payout if the Company achieves $1 million of “Adjusted EBITDA. Thereafter, twenty percent (20%) of all “Adjusted EBITDA” in excess of $1million shall be added to the incentive pool of funds. For purposes of this Plan
“Adjusted EBITDA” shall be defined as net income (loss) less interest income plus interest expense, provision for income taxes, depreciation and amortization expense, stock-based compensation and further adjusted to eliminate the impact of
certain items that we do not consider representative of our ongoing core operating performance. 
 Incentive Pool Distribution: Eighty
percent (80%) of the total Incentive pool shall be allocated proportionally across Company departments based on department size and salary levels (the “Base Pool”). The Chief Executive Officer shall have discretion to allocate the
remaining twenty percent (20%) of the Incentive pool to Company departments based on overall department 

 
performance and contribution to Company goals (the “Discretionary Pool”). Managers shall have discretion to adjust individual awards based on job performance. 

Incentive Amount: Subject to the terms and conditions of this Plan, Eligible Persons may earn payment of “Incentive Amounts” based on
the Company’s achievement of target levels of Adjusted EBITDA approved by the Compensation Committee (“Targets”) determined as a percentage of annual base salary upon completion of the Fiscal Year. Incentive Amounts based on Company
Adjusted EBITDA between the Targets below shall be determined by a calculation approved by the Compensation Committee. 
  

							
	 	  	 Target 1
	  	 Target 2
	  	 Target 3

	 Position
	  		  		  	
	 CEO
	  	15% of salary	  	50% of salary	  	100% of salary
	 Officers
	  	6% of salary	  	20% of salary	  	40% of salary
	 VP
	  	4.5% of salary	  	15% of salary	  	30% of salary

 The Incentive Amounts set forth
above may be adjusted pursuant to application of the Discretionary Pool and/or pursuant to the “Performance Adjustment” section below. 
 Performance Adjustment: The Administrator shall have discretion to adjust any Eligible Person’s Incentive Amount based on his or her job performance for Fiscal Year 2011 by
reducing or increasing the Incentive Amount as the Administrator, in its sole discretion deems appropriate, including elimination of the Incentive Award. The Administrator shall also have the discretion to determine that no Incentive Pool will be
funded. 
 Calculation and Approval: An Eligible Person’s Incentive Amount or Adjusted Incentive Amount, as determined
in the manner set forth above, is that Eligible Person’s “Actual Incentive” with respect to Fiscal Year 2011. All calculations of each Actual Incentive must be approved by the Administrator with respect to such participant and the
total amount of the aggregate incentive pool to be paid hereunder to all Eligible Persons must be approved by the Committee after such consultation with the Board as it deems appropriate. 
 Payments: All amounts, if any, to be paid out hereunder shall be paid in accordance with the Company’s standard payroll practices, within a reasonable amount of time and in accordance with
applicable law following determination by the Committee that there shall be a pool from which to make such payments with respect to Fiscal Year 2011 and calculation of applicable incentives. In all cases, amounts, if any, to be paid out hereunder
shall be paid no later than March 15 of the year following the year in which the applicable amount is earned. 
 Future Incentive
Periods: This Plan is in effect only with respect to Fiscal Year 2011. Nothing in this Plan provides for or implies the establishment or payment of any incentives with respect to future periods. 

Merger or Acquisition: The Board of Directors may modify this Plan, including terminate it without making payments hereunder, with respect to
Fiscal Year 2011 in its sole discretion in the event of a merger or acquisition of the Company. 

 Administration: The Committee has sole and exclusive discretionary authority to interpret this Plan
and adopt such rules and regulations for carrying out this Plan as it deems appropriate. The Committee may, in its discretion modify or terminate this Plan. Decisions by the Committee are final and binding on all parties to the maximum extent
allowed by law. 
 Employment is Terminable At Will: Nothing in this Plan will interfere with or limit in any way the right of the
Company or the right of any individual to alter or terminate the employment relationship at any time, with or without cause. 
 General Terms
and Conditions: Amounts to be paid under this Plan in cash will be paid from the general funds of the Company. Nothing in this Plan will be construed to create a trust or establish any evidence of any individual’s claim of any right to
payment other than as an unsecured general creditor of the Company. All payments to be made in cash will be made in the currency in which the individual is regularly paid. 
 Tax Withholding: All payments will be subject to the satisfaction of applicable federal, state, local or similar income withholding requirements and to any employment tax withholding requirements.
The Company shall withhold all applicable amounts required by law from any payments hereunder. 
 Section 409A: All cash payable
under this Plan is intended to be exempt from or comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the regulations and guidance thereunder (together, Section 409A) so that none of the
payments and benefits to be provided under this Plan will be subject to the additional tax imposed under Section 409A, and any ambiguities herein shall be interpreted to so comply or be exempt. Each payment and benefit payable under this Plan
is intended to constitute a separate payment for purposes of Section 1.409A-2(b) (2) of the Treasury Regulations. The Company may, in good faith and without the consent any Eligible Participant, make any amendments to this Plan and take
such reasonable actions which it deems necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition under Section 409A prior to actual payment to an Eligible Participant. 

Governing Law; Severability: This Plan will be construed, administered and governed in all respects in accordance with the internal laws of the
State of California. In the event that any provision of this Plan is held illegal or invalid for any reason, such holding will not affect the remaining provisions of this Plan, and this Plan will be construed and enforced as if the illegal and
invalid provision had not been included. 
 Entire Agreement: This Plan and any resolutions of the Compensation Committee amending the
Plan, is the entire understanding between the Company and any participant regarding the subject matter of this Plan and supersedes all prior bonus or commission incentive plans, or employment contracts whether with any subsidiary or affiliate, or
any written or verbal representations regarding the subject matter of this Plan. Participation in this Plan during the Fiscal Year 2011 will not convey any entitlement to participate in this or future plans or to the same or similar bonus benefits.
Payments under this Plan are an extraordinary item of compensation that is outside the normal or expected compensation for the purpose of calculating any extra benefits, termination, severance, redundancy, end-of-service premiums, bonuses,
long-service awards, overtime premiums, pension or retirement benefits or other similar payment.

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