Document:

EX-10.2(E)

 Exhibit 10.2(E) 

YAHOO! INC. 
 NOTICE OF RESTRICTED STOCK UNIT GRANT 
 [grantee name] 

[employee ID] 
 [address] 

You have been granted an award of Restricted Stock Units by Yahoo! Inc. (the “Company”) as follows: 

 

			
	Date of Grant:	  	[Date]
		
	Total Number of Restricted	  	[share number]
	Stock Units Granted:	  	
		
	Type of RSU:	  	U.S. Executive RSU
		
	Vesting Schedule:	  	

  

													
	 Shares
	  	Vesting Date	 	Shares	 	Vesting Date	 	Shares	 	  	Vesting Date
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]
	 [#]
	  	[Date]	 	[#]	 	[Date]	 	 	[#]	  	  	[Date]

  

			
		 	[INSERT IF APPLICABLE: This ‘front loaded’ grant represents [#] years of annual awards.]
		
	Manner of Payment by Company:	 	[stock] [cash] [cash or stock at Company’s election]
		
	Governing Documents:	 	 RSU Award Agreement for U.S. Executives
 1995 Stock Plan (the “Plan”)

 By your acceptance of this award through the Company’s online acceptance procedure (or by your
signature and the signature of the Company’s representative below): 
  

	 	•	 	 you acknowledge receiving and reviewing the Governing Documents (listed above) and the Supplemental Documents (listed below);

  

	 	•	 	 you agree that the Restricted Stock Units are granted under and governed by the terms and conditions of the Governing Documents and you agree to be
bound by the terms of this Notice of Restricted Stock Unit Grant and the Governing Documents, all of which are hereby incorporated by reference into this Notice of Restricted Stock Unit Grant; and 

 

	 	•	 	 you consent to the collection, use and transfer, in electronic or other form, of your personal data as described in the Governing Documents for the
purpose of implementing, administering and managing your participation in the Plan. 

 This Notice of Restricted Stock
Unit Grant shall be construed and determined in accordance with the laws of the U.S. State of Delaware (without giving effect to the conflict of laws principles thereof) and shall be deemed to have been executed and delivered by the parties hereto
as of the Date of Grant. 
  

							
	GRANTEE:	 		 	YAHOO! INC.
				
	 [Click here to accept]
	 		 	By:	 	 /s/ Marissa A. Mayer

	Signature	 		 		 	Marissa A. Mayer
				
	 [grantee name]
	 		 	Title:	 	 Chief Executive Officer

	Name	 		 		 	
			
	Supplemental Documents:	 		 	U.S. Prospectus
		 		 	Insider Trading Policy

 YAHOO! INC. 
 1995 STOCK PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

FOR U.S. EXECUTIVES 

Section 1. Grant of Restricted Stock Unit Award 
  

	(a)	Grant of Restricted Stock Units (“RSUs”). Yahoo! Inc., a Delaware corporation (the “Company”), hereby grants to the grantee (the
“Grantee”) named in the Notice of Restricted Stock Unit Grant (the “Notice of Grant”) the total number of RSUs set forth in the Notice of Grant, on the terms and conditions set forth in this Restricted Stock Unit Award Agreement
for U.S. Executives (this “Agreement”) and as otherwise provided in the Yahoo! Inc. 1995 Stock Plan, as amended (the “Award”). 

  

	(b)	Incorporation of Plan; Capitalized Terms. The provisions of the Yahoo! Inc. 1995 Stock Plan, as amended (the “Plan”) are hereby incorporated herein by
reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the
Plan. The Administrator shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Grantee and his/her legal
representative in respect of any questions arising under the Plan or this Agreement. 

 Section 2. Terms and Conditions of
Award 
 The grant of RSUs provided in Section 1(a) shall be subject to the following terms, conditions and
restrictions: 
  

	(a)	Limitations on Rights Associated with RSUs. The RSUs are bookkeeping entries only. The Grantee shall have no rights as a stockholder of the Company, no dividend
rights and no voting rights with respect to the RSUs. 

  

	(b)	Restrictions. The RSUs and any interest therein, may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the
laws of descent and distribution. Any attempt to dispose of any RSUs in contravention of the above restriction shall be null and void and without effect. 

  

	(c)	Lapse of Restrictions. Subject to Sections 2(e) through 2(g) below, on each vesting date specified in the vesting schedule set forth in the Notice of Grant, the
number of RSUs set forth opposite such vesting date shall vest and become non-forfeitable. 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	1

	(d)	Timing and Manner of Payment of RSUs. As soon as practicable after (and in no case more than seventy-four days after) the date any RSUs subject to the Award
become non-forfeitable (the “Payment Date”), such RSUs shall be paid by the Company delivering to the Grantee a number of Shares equal to the number of RSUs that become non-forfeitable upon that Payment Date (rounded down to the nearest
whole share). The Company shall issue the Shares either (i) in certificate form or (ii) in book entry form, registered in the name of the Grantee. Delivery of any certificates will be made to the Grantee’s last address reflected on
the books of the Company and its Subsidiaries unless the Company is otherwise instructed in writing. The Grantee shall not be required to pay any cash consideration for the RSUs or for any Shares received pursuant to the Award. Neither the Grantee
nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any RSUs that are so paid. Notwithstanding anything herein to the contrary, the Company shall have no obligation to
issue Shares in payment of the RSUs unless such issuance and such payment shall comply with all relevant provisions of law and the requirements of any Stock Exchange. 

 

	(e)	Termination of Employment; Leaves of Absence. The following provisions shall apply in the event of the termination of the Grantee’s employment or service
with the Company, Parent or any Subsidiary, or should the Grantee take a leave of absence from employment with the Company, Parent or any Subsidiary: 

  

	 	(i)	General. Except as expressly provided below in this Section 2(e) or Section 2(g), in the event of the termination of the Grantee’s employment or
service with the Company, Parent or any Subsidiary for any reason prior to the lapsing of the restrictions in accordance with Section 2(c) hereof with respect to any of the RSUs granted hereunder, such portion of the RSUs held by the Grantee
shall be automatically forfeited by the Grantee as of the date of termination. (The date of any such termination of the Grantee’s employment or service is referred to in this Agreement as the “Termination Date.”) Neither the Grantee
nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any rights or interests in any RSUs that are forfeited pursuant to any provision of this Agreement. 

 

	 	(ii)	Termination Without Cause or Due to Death or Disability. Notwithstanding the foregoing clause (i) but subject to Section 2(g) below:

  

	 	(A)	 Termination During Annual Vesting Period: subject to clause (ii)(B) below, in the event (1) the termination of the Grantee’s
employment is by the Company, Parent or Subsidiary without Cause (as defined below) or due to the Grantee’s death or Total Disability (as defined in the Plan) and the Grantee complies with the release and other requirements described in
Section 2(j), (2) the Termination Date is not a scheduled vesting date and is six months or less before the next scheduled vesting date, and (3) on the Termination Date the period of time between (x) the then-prior vesting date
(or, if none, the date of grant specified in the Notice of Grant (the “Date of Grant”) or any earlier vesting commencement date specified by 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	2

	 	
the Administrator at the time of grant) and (y) the next scheduled vesting date is six months or more, then the RSUs that are scheduled to vest on the next scheduled vesting date (to the
extent then outstanding and unvested) shall vest and become non-forfeitable on the later of the Termination Date or the date the Grantee’s full release of any and all claims against the Company as contemplated by Section 2(j) becomes
irrevocable. Any RSUs that vest pursuant to this clause (ii)(A) shall be paid as soon as practicable after (and in no case more than seventy-four days after) the Termination Date (provided, that if the period for the Grantee to consider and revoke
any such release spans two different calendar years, payment of such RSUs will be made within such prescribed time period, but in the second of those two years). Any RSUs that do not vest in accordance with the foregoing provisions of this clause
(ii)(A) shall be automatically forfeited by the Grantee as of the Termination Date. For avoidance of doubt, this clause (ii)(A) will not apply to any such termination (other than a termination due to the Grantee’s death or Total Disability)
that occurs at any time within the 12-month period following a Change in Control (as defined below). 

  

	 	(B)	Front-Loaded Awards - Termination During Annual Vesting Period: notwithstanding the foregoing clause (ii)(A), in the event (1) the termination of the
Grantee’s employment is by the Company, Parent or Subsidiary without Cause or due to the Grantee’s death or Total Disability and the Grantee complies with the release and other requirements described in Section 2(j), and (2) this
award is designated as “front loaded” in the Notice of Grant, then the number of RSUs that vest upon the later of the Termination Date or the date the Grantee’s full release of any and all claims against the Company as contemplated by
Section 2(j) becomes irrevocable shall equal the quotient of (x) any RSUs that would have vested under clause (ii)(A) if this were not a front-loaded award, divided by (y) the number of years of annual awards this grant represents, as
stated in the Notice of Grant. Any RSUs that vest pursuant to this clause (ii)(B) shall be paid as soon as practicable after (and in no case more than seventy-four days after) the Termination Date (provided, that if the period for the Grantee to
consider and revoke any such release spans two different calendar years, payment of such RSUs will be made within such prescribed time period, but in the second of those two years). Any RSUs that do not vest in accordance with the foregoing
provisions of this clause (ii)(B) shall be automatically forfeited be the Grantee as of the Termination Date. For avoidance of doubt, this clause (ii)(B) will not apply to any such termination (other than a termination due to the Grantee’s
death or Total Disability) that occurs at any time within the 12-month period following a Change in Control. 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	3

	 	(iii)	For purposes of this Agreement, “Cause” shall mean termination of the Grantee’s employment with the Company based upon the occurrence of one or more of
the following which, with respect to clauses (A), (B) and (C) below, if curable, the Grantee has not cured within fourteen (14) days after the Grantee receives written notice from the Company specifying with reasonable particularity
such occurrence: (A) the Grantee’s refusal or material failure to perform the Grantee’s job duties and responsibilities (other than by reason of the Grantee’s serious physical or mental illness, injury or medical condition);
(B) the Grantee’s failure or refusal to comply in any material respect with material Company policies or lawful directives; (C) the Grantee’s material breach of any contract or agreement between the Grantee and the Company
(including but not limited to any Employee Confidentiality and Assignment of Inventions Agreement or similar agreement between the Grantee and the Company), or the Grantee’s material breach of any statutory duty, fiduciary duty or any other
obligation that the Grantee owes to the Company; (D) the Grantee’s commission of an act of fraud, theft, embezzlement or other unlawful act against the Company or involving its property or assets or the Grantee’s engaging in
unprofessional, unethical or other intentional acts that materially discredit the Company or are materially detrimental to the reputation, character or standing of the Company; or (E) the Grantee’s indictment or conviction or nolo
contendre or guilty plea with respect to any felony or crime of moral turpitude. Following notice and cure as provided in the preceding sentence, upon any additional one-time occurrence of one or more of the events enumerated in that sentence,
the Company may terminate the Grantee’s employment for Cause without notice and opportunity to cure. However, should the Company choose to offer the Grantee another opportunity to cure, it shall not be deemed a waiver of its rights under this
provision. For purposes of this definition, the term “Company” shall include a Parent or any Subsidiary of the Company. 

  

	 	(iv)	Leaves of Absence. Unless otherwise expressly provided in a Company leave of absence vesting policy approved by the Administrator or otherwise by the
Administrator, and subject to compliance with all applicable laws relating to the Grantee’s employment by the Company, Parent or Subsidiary (as applicable), in the event the Grantee takes an authorized leave of absence from the Company, Parent
or Subsidiary (as applicable), each vesting date specified in the vesting schedule set forth in the Notice of Grant that has not occurred as of the commencement of such leave of absence shall be tolled for the number of calendar days in the period
that the Grantee is on such leave of absence, beginning with the commencement date of such leave of absence, but not beyond the maximum term of this Award as provided in the Plan (and any RSUs that have not vested and become non-forfeitable when
such maximum term is reached shall be automatically forfeited by the Grantee). (For example, if the scheduled vesting date is January 1, 2014 and, prior to that date the Grantee commences a leave of absence spanning 365 calendar days, the
vesting date shall (unless otherwise expressly provided in a Company leave of absence policy approved by the Administrator or otherwise by the Administrator) be tolled for 365 days and shall become January 1, 2015.) 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	4

	(f)	Corporate Transactions. The following provisions shall apply to the corporate transactions described below: 

 

	 	(i)	In the event of a proposed dissolution or liquidation of the Company, the Award will terminate and be forfeited immediately prior to the consummation of such proposed
transaction, unless otherwise provided by the Administrator. 

  

	 	(ii)	In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, the Award shall
be assumed or substituted with an equivalent award by such successor corporation, parent or subsidiary of such successor corporation; provided that the Administrator may determine, in the exercise of its sole discretion in connection with a
transaction that constitutes a permissible distribution event under Section 409A(a)(2)(A)(v) of the Code, that in lieu of such assumption or substitution, the Award shall be vested and non-forfeitable and any conditions or restrictions on the
Award shall lapse, as to all or any part of the Award, including RSUs as to which the Award would not otherwise be non-forfeitable. 

  

	(g)	Change in Control. The following provisions shall apply in the event of a Change in Control (as defined below) prior to the date the RSUs have either become
vested and non-forfeitable or have been forfeited pursuant to this Agreement: 

  

	 	(i)	In the event that, during the period of twelve (12) months following the Change in Control, the Grantee’s employment is terminated by the Company, Parent or
any Subsidiary without Cause or by the Grantee for Good Reason (as such terms are defined below) and the Grantee complies with the release and other requirements described in Section 2(j), the RSUs subject to the Award, to the extent then
outstanding and not vested, shall become fully vested and non-forfeitable as of the later of the Grantee’s Termination Date or the date any such release becomes final and irrevocable. Any RSUs that vest pursuant to this clause (i) shall be
paid as soon as practicable after (and in no case more than seventy-four days after) the Termination Date (provided, that if the period for the Grantee to consider and revoke any such release spans two different calendar years, payment of such RSUs
will be made within such prescribed time period, but in the second of those two years). 

  

	 	(ii)	For purposes of this Agreement, “Change in Control” shall mean the first of the following events to occur after the Date of Grant: 

 

	 	(A)	 any person or group of persons (as defined in Section 13(d) and 14(d) of the Exchange Act) together with its Affiliates (as defined below), but
excluding (i) the Company or any of its subsidiaries, (ii) any employee benefit plans of the Company or (iii) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of stock of the Company (individually a “Person” and collectively, “Persons”), is or becomes, directly or 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	5

	 	
indirectly, the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of securities of the Company representing 40% or more of the combined voting power of the
Company’s then outstanding securities (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Affiliates); 

 

	 	(B)	the consummation of a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation or entity regardless of
which entity is the survivor, 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 being converted into
voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company, such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; or

  

	 	(C)	the stockholders of the Company approve a plan of complete liquidation or winding-up of the Company or there is consummated an agreement for the sale or disposition by
the Company of all or substantially all of the Company’s assets, provided, however, that a sale of the Company’s search business shall not constitute a Change in Control, regardless of whether stockholders approve the transaction.

  

	 	(iii)	For purposes of this Agreement, “Good Reason” shall be deemed to exist only if the Company shall fail to correct within 30 days after receipt of written
notice from the Grantee specifying in reasonable detail the reasons the Grantee believes one of the following events or conditions has occurred (provided such notice is delivered by the Grantee no later than 30 days after the initial existence of
the occurrence): (A) a material diminution of the Grantee’s then current aggregate base salary and target bonus amount (other than reductions that also affect other similarly situated employees) without the Grantee’s prior written
agreement; (B) the material diminution of the Grantee’s authority, duties or responsibilities as an employee of the Company without the Grantee’s prior written agreement (except that change in title or assignment to a new supervisor
by itself shall not constitute Good Reason); or (C) the relocation of the Grantee’s position with the Company to a location that is greater than 50 miles from the Grantee’s current principal place of employment with the Company, and
that is also further from the Grantee’s principal place of residence, without the Grantee’s prior written agreement, provided that in all events the termination of the Grantee’s service with the Company shall not be treated as a
termination for “Good Reason” unless such termination occurs not more than six (6) months following the initial existence of the occurrence of the event or condition claimed to constitute “Good Reason.” For purposes of this
definition, the term “Company” shall include a Parent or any Subsidiary of the Company. 

  

	 	(iv)	 For purposes of this Agreement, “Affiliate” means, with respect to any individual or entity, any other individual or entity who, directly or
indirectly through one or 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	6

	 	
more intermediaries, controls, is controlled by or is under common control with, such individual or entity. 

 This Award of RSUs shall not be subject to the acceleration of vesting provisions of Section 2.5 of the Amended and Restated Yahoo! Inc. Change in Control Employee Severance Plan for Level I and
Level II Employees. 
  

	(h)	Income Taxes. Except as provided in the next sentence, the Company shall withhold and/or reacquire a number of Shares issued in payment of (or otherwise issuable
in payment of, as the case may be) the RSUs having a Fair Market Value equal to the taxes that the Company determines it or the Grantee’s employer is required to withhold under applicable tax laws with respect to the RSUs (with such withholding
obligation determined based on any applicable minimum statutory withholding rates). In the event that the Company cannot (under applicable legal, regulatory, listing or other requirements, or otherwise) satisfy such tax withholding obligation in
such method, the Company may satisfy such withholding by any one or a combination of the following methods: (i) by requiring the Grantee to pay such amount in cash or check; (ii) by deducting such amount out of any other compensation
otherwise payable to the Grantee; and/or (iii) by allowing the Grantee to surrender shares of Common Stock of the Company which (A) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise),
have been owned by the Grantee for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (B) have a Fair Market Value on the date of surrender equal to the amount required to be withheld. For these
purposes, the Fair Market Value of the Shares to be withheld or repurchased, as applicable, shall be determined on the date that the amount of tax to be withheld is to be determined. 

 

	(i)	No Advice Regarding Award. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the
Grantee’s participation in the Plan, or the Grantee’s acquisition or sale of the underlying Shares. The Grantee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation
in the Plan before taking any action related to the Plan. 

  

	(j)	 Conditions of Accelerated Vesting; Exclusive Remedy. The accelerated vesting provisions specified in Sections 2(e) and 2(g) above are
conditioned on (1) the Grantee’s signing a full release of any and all claims against the Company in a release form acceptable to the Company (within the period specified in it by the Company, which in no event shall be more than fifty
days following the Grantee’s Termination Date) and the Grantee’s not revoking such release pursuant to any revocation rights afforded by applicable law, and (2) the Grantee’s compliance with the Grantee’s obligations under
his or her Employee Confidentiality and Assignment of Inventions Agreement, or similar agreement. The Grantee agrees that such accelerated vesting benefits specified in this Agreement (and any applicable severance benefits provided under a written
agreement with the Company then in effect in accordance with its terms) will constitute the exclusive and sole remedy for any termination of the Grantee’s employment and the

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	7

	 	
Grantee covenants not to assert or pursue any other remedies, at law or in equity, with respect to the Grantee’s termination and/or employment. 

Section 3. Miscellaneous 
  

	(a)	Notices. Any and all notices, designations, consents, offers, acceptances and any other communications provided for herein shall be given in writing and shall be
delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the case of the Company to both the Chief Financial Officer and the General Counsel of the Company at the principal office of the Company
and, in the case of the Grantee, to the Grantee’s address appearing on the books of the Company or to the Grantee’s residence or to such other address as may be designated in writing by the Grantee. Notices may also be delivered to the
Grantee, during his or her employment, through the Company’s inter-office or electronic mail systems. 

  

	(b)	No Right to Continued Employment. The Grantee understands and agrees that the vesting of Shares pursuant to Section 2 above is earned only by continuing in
the employ or service of the Company at the will of the Company (not through the act of being hired, being granted the RSUs or acquiring Shares under this Agreement). The Grantee further acknowledges and agrees that nothing in this Agreement, nor in
the Plan which is incorporated in this Agreement by reference, shall confer upon the Grantee any right with respect to continuation as an employee or consultant with the Company, a Parent or any Subsidiary, nor shall it interfere with or restrict in
any way the right of the Company, a Parent or any Subsidiary, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any reason whatsoever, with or without Cause and with or without advance notice.

  

	(c)	Bound by Plan. By signing this Agreement, the Grantee acknowledges that he/she has received a copy of the Plan and has had an opportunity to review the Plan and
agrees to be bound by all the terms and provisions of the Plan. 

  

	(d)	Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the Grantee and the
beneficiaries, executors, administrators, heirs and successors of the Grantee. 

  

	(e)	Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not
constitute a part, of this Agreement. 

  

	(f)	Section 409A. This Agreement and the Award are intended to comply with or be exempt from, as the case may be, Section 409A of the Code so as to not
result in any tax, penalty or interest thereunder. This Agreement and the Award shall be construed and interpreted accordingly. Except for the Company’s tax withholding rights, the Grantee shall be solely responsible for any and all tax
liability with respect to the Award. 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	8

	(g)	Invalid Provision. The invalidity or unenforceability of any particular provision hereof shall not affect the other provisions hereof, and this Agreement shall
be construed in all respects as if such invalid or unenforceable provision had been omitted. 

  

	(h)	Governing Law/Choice of Venue. 

  

	 	(i)	This Agreement and the rights of the Grantee hereunder shall be construed and determined in accordance with the laws of the State of Delaware (without giving effect to
the conflict of laws principles thereof), as provided in the Plan. 

  

	 	(ii)	For the purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by the Award or this Agreement, the parties
hereby submit and consent to the exclusive jurisdiction of the State of California where this grant is made and/or to be performed and agree that such litigation shall be conducted only in the courts of Santa Clara County, California, or the federal
court of the United States for the Northern District of California, and no other courts. 

  

	(i)	Imposition of Other Requirements. If the Grantee relocates to another country after the Date of Grant, the Company reserves the right to impose other
requirements on the Grantee’s participation in the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Grantee to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing. 

  

	(j)	Recoupment. Notwithstanding any other provision herein, the recoupment or “clawback” policies adopted by the Administrator and applicable to equity
awards, as such policies are in effect from time to time, shall apply to the Award and any Shares that may be issued in respect of the Award. 

  

	(k)	Entire Agreement. This Agreement, the Notice of Grant and the Plan contain the entire agreement and understanding of the parties hereto with respect to the
subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. 

  

	(l)	Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same is in writing and signed by the parties
hereto. 

  

	(m)	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. 

  

	(n)	Signature. This Agreement shall be deemed executed by the Company and the Grantee as of the Date of Grant upon execution by such parties (or upon the
Grantee’s online acceptance) of the Notice of Grant. 

  

			
	RSU Award Agreement for U.S. Executives (May 2013)	  	9EX-10.15(M)

 Exhibit 10.15(M) 
 Execution Version 
 NINTH AMENDMENT 

TO SEARCH AND ADVERTISING SERVICES AND SALES AGREEMENT 
 This Ninth Amendment to Search and Advertising Services and Sales Agreement (this “Ninth Amendment”) is entered into to be effective as of June 27, 2013 (“Ninth Amendment
Effective Date”) by and between Yahoo! Inc., a Delaware corporation (“Yahoo!”), and Microsoft Corporation, a Washington corporation (“Microsoft”). 

WHEREAS, Yahoo! and Microsoft are parties to that certain Search and Advertising Services and Sales Agreement, entered into as of
December 4, 2009, as amended (collectively, the “Agreement”); and 
 WHEREAS, Yahoo! and Microsoft desire
to further amend the Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein,
the parties agree as follows: 
 1. Definitions. Capitalized terms used but not defined herein have the same meanings given in the
Agreement. 
 2. RPS Guarantee. 
 (a) With respect to the United States, in lieu of calculating and paying the RPS Guarantee (i.e., payments due under Exhibit E) for the United States as otherwise provided in the Agreement for Queries
during the periods listed below, Microsoft will owe and pay the following amounts to Yahoo!: 
  

			
	Activity Period	  	Amendment 9 Amount  

	October 1, 2012 – December 31,
2012	  	USD$[*]
	January 1, 2013 – March 31,
2013	  	USD$[*]
	April 1, 2013 – June 30,
2013	  	USD$[*]
	July 1, 2013 – September 30,
2013	  	USD$[*]
	October 1, 2013 – December 31,
2013	  	USD$[*]
	January 1, 2014 – March 31,
2014	  	USD$[*]

 (b) In consideration for the Amendment 9 Amounts payable by Microsoft pursuant to Section 2(a) above
of this Ninth Amendment, Yahoo! waives the right to receive RPS Guarantee payments in any country other than (i) Taiwan and Hong Kong and (ii) the Amendment 9 Amounts for the United States. For clarity, except for Taiwan and Hong Kong,
there shall be no additional RPS Guarantee payments (i.e., beyond payments already made as of the Ninth Amendment Effective Date or otherwise set forth in the table above) due. 

(c) Each Amendment 9 Amount is earned on the first day of the applicable activity period subject to Section 2(f) below of this Ninth
Amendment; provided, however, payment for each activity 

  

					
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	[*]	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to omitted portions. 

 Execution Version 

 

 
period shall be due from Microsoft to Yahoo! 45 days after the end of that period. For the three activity periods starting on October 1, 2012 and ending on June 30, 2013, the payment
due date shall be 30 days from the Ninth Amendment Effective Date. At least 10 days prior to the payment due dates set forth in the preceding two sentences (e.g., 35 days following the end of the applicable activity period) and no earlier than the
later of July 20, 2013 and 20 days after the end of the applicable activity period, Yahoo! shall invoice Microsoft via Microsoft’s online payment system (as provided in Section 9.2.4(a)(1) of the Agreement), with payment to be made to
Yahoo! Inc. in US dollars. If Yahoo! fails to invoice Microsoft within the period of time specified in the prior sentence, Microsoft’s payment due date shall be automatically extended by an equal number of days (e.g., if Yahoo! invoices
Microsoft 5 days prior to the payment due date for an activity period then Microsoft’s payment due date will be extended for 5 days for the applicable activity period). During the period for invoice submission described in this paragraph, if
after reasonable diligence Microsoft’s online payment system is unavailable or unable to accept Yahoo!’s invoice submission or Yahoo! is unable to submit an invoice, Yahoo! may provide a written invoice instead pursuant to the notice
provisions of Section 20.5 of the Agreement (unless Microsoft provides in writing an alternate address for receipt of such invoices) specifically noting the unavailability of such systems. 

(d) Sections 6-7 of the Fifth Amendment to the Agreement are void and not effective with respect to any countries other than Taiwan and
Hong Kong. If Microsoft is more than 30 days late in paying any Amendment 9 Amount set forth in Section 2(a) of this Ninth Amendment, Yahoo! may notify Microsoft in accordance with Section 20.5 of the Agreement and specifically reference
this Section. If Microsoft fails to make such payment within 30 days after receiving Yahoo!’s notice, then Sections 6 and 7 of the Fifth Amendment will “resume” with respect to any Covered Country that was not yet past the time when
[*] would have begun (in the absence of this Ninth Amendment) as of the first day of the activity period related to such Amendment 9 Amount that Microsoft had failed to pay. Further, for any Covered Country in which this “resume” applies,
Yahoo! shall provide Microsoft with the Guarantee Adjustor for the [*] period defined in Section 6(a) of the Fifth Amendment prior to Microsoft’s being required to decide whether to opt to [*] per Section 6(a)(A) of the Fifth
Amendment, and the timetable for all associated activities and elections shall be similarly adjusted as required to reasonably implement this sentence. For clarity, in case of “resume” and Microsoft’s opting [*] for a specific
country, no retroactive payment (i.e., prior to such election) shall apply with respect to such country. For clarity, Microsoft’s payment of any Amendment 9 Amount under such circumstances does not prejudice Microsoft’s right to claim a
Dispute over the Amendment 9 Amounts and follow the process set forth in Section 17 of the Agreement, including commencing an arbitration under Section 17.4 of the Agreement to recover such payments. 

(e) Yahoo! and Microsoft agree that the Amendment 9 Amounts set forth in the above table fully and finally settle and resolve
(i) any and all payments, or adjustments to payments, owed by or to either party in connection with [*] through the Ninth Amendment Effective Date, (ii) any expenses incurred from the Commencement Date through the Ninth Amendment Effective
Date which are subject to reimbursement under Section 8.2 (except as provided in the immediately following sentence), (iii) any [*] amounts submitted to Microsoft pursuant to Section 8.2 from the Commencement Date through the Ninth
Amendment Effective Date except for [*] which were not incurred in good faith, and (iv) interest related to late payments owed by either party prior to the Ninth Amendment Effective Date. Microsoft further agrees to reimburse Yahoo! for the
additional $[*] submitted to Microsoft for reimbursement immediately prior to the Ninth Amendment Effective Date, as long as Microsoft finds the additional $[*] as per the terms of Section 8.2 of the Agreement as if those expenses had been
submitted in a timely fashion. 
 (f) In the event the Agreement is terminated during an activity period provided in the table
above, the Amendment 9 Amount due for such activity period shall be adjusted pro-rata to reflect the number of days in such activity period prior to termination as a percentage of total days during such activity period. 

  

					
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	[*]	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to omitted portions. 

 Execution Version 

 

 (g) Within 30 days of the Ninth Amendment Effective Date, Yahoo! shall pay to Microsoft
(i) all [*], and (ii) $[*]. Beyond the foregoing $[*] that is due to Microsoft, the parties agree to waive [*] issued prior to the Ninth Amendment Effective Date. Microsoft agrees that adjustments to Net Revenues [*]. 

3. RPS Guarantee in Taiwan & Hong Kong. 
 (a) After the first sentence of the definition of “Control Bucket” (in Exhibit E), the following shall be inserted: “Further, with respect to the Guarantee for Taiwan and Hong Kong, traffic
in the Control Bucket shall be [*] (as eligible traffic to the [*] named search entry point is defined in the second paragraph of Section 3.1(a)(2) of Exhibit E, except that references to the US and non-US are replaced by the applicable
country).” 
 (b) To minimize the impact of [*] being different between certain periods of the Reference Period and the
True-Up Period that are being compared, the parties desire to utilize a Control Bucket in the True-Up Period which has an [*] as similar as possible to that used in [*] during the same True-Up Period, in calculating the Guarantee Adjustor for [*],
and to estimate the effect of such [*] on the Reference Period for purposes of comparing with the True-Up Period. To achieve this, Yahoo! will use the same [*] in the Control Bucket as used in [*] on the [*] during the True-Up Period, and will [*]
the True-Up Period RPS to reflect what it would had been had the [*] been used. This will be accomplished by adjusting the [*] for each calendar [*] by calculating the RPS impact of the [*] via a [*] which Yahoo! will run between the Ninth Amendment
Effective Date and the start of [*], using the parties’ [*]. All results and computations performed by Yahoo! will be shared with Microsoft. During the months where the [*] is not similar to the current [*], the [*] will be adjusted up or down
by the average percentage indicated by the [*] previously performed. 
 (c) For the [*] that the parties previously have been
discussing ([*]), the parties have agreed to “[*]” between their positions in calculating the Guarantee Adjustor for [*]. The Control Bucket during the Guarantee Period shall reflect for each of these items the same treatment as
Yahoo!’s [*] during the same period for each of these [*]. For each of these [*], where treatment differs in the Control Bucket on corresponding dates between the Reference Period and True-Up Period for any or all of these [*], the
Adjusted Control RPS shall incorporate and reflect [*] as measured for each of these [*], as reasonably determined by [*] which Yahoo! will perform in the [*], consistent with the parties’ marketplace teams’ historical methodology for
estimating such [*], and Yahoo! will run such [*] using current Control Bucket settings (except for the [*]). The parties shall use [*] of such [*] in RPS to adjust the [*] for [*] during that portion of the True-Up Period for which the [*]
exists between the Control Bucket during the Reference Period and the Control Bucket during the True-Up Period. Yahoo! will review with Microsoft all [*] and other calculations used to estimate [*], and identify on the [*] the amount applied for
each of these [*]. For the avoidance of doubt, if [*] was not live in the Control Bucket for the [*] of the Reference Period, but live in the Control Bucket for the [*] of the True-Up Period, then the [*] shall be [*] as set forth
above. For example, if that specific [*] was shown by the [*] described above to [*] by [*]% in the True-Up Period, then the [*] would be [*] by [*]% during that specific [*] period. 

(d) The mapping table in Section 3.1(a)(1)(D) of Exhibit E to the Agreement is amended to include [*] as an additional country
mapped to [*]. 
 (e) The data source table in Section 3.1(a)(1)(B) of Exhibit E to the Agreement is amended to replace the
“TBD” for [*] with “[*]”. 
 (f) In calculating the Guarantee Adjustor for [*], the parties shall use the
same dates as in [*] (as [*] is the source country for the [*]). For example, the value of the Guarantee Adjustor for [*] on June 25 would be equal to the value of the Guarantee Adjustor in [*] on June 25. 

  

					
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	[*]	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to omitted portions. 

 Execution Version 

 

 4. Notices. The Yahoo contact information in Section 20.5 of the Agreement is deleted and
updated as follows: 
 “If to Yahoo!, to: 
 Yahoo! Inc. 
 701 First Avenue 

Sunnyvale, CA 94089 
 Attention: Laurie Mann, Senior Vice President, Search Products 
 Telephone:
(408) 349-3300 
 Telecopy: (408) 349-3510” 
 5. Entities for Payments to or from Yahoo!. Section 9.2.4(a) of the Agreement and Exhibit J to the Agreement, as applicable, are amended to reflect that effective 90 days from the Ninth
Amendment Effective Date, the new Yahoo! Payor and Payee entity for payments associated with advertisers with invoices that are delivered in Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam and Hong Kong will be Yahoo! Netherlands BV.
Section 9.2.4(a) of the Agreement and Exhibit J to the Agreement, as applicable, are amended to reflect that the effective November 1, 2013, the new Yahoo! Payor and Payee entity for payments associated with advertisers with invoices that
are delivered in the United Kingdom, Ireland, Austria, Denmark, Finland, Italy, Netherlands, Norway, Russia, Spain, Sweden, Germany, France, South Africa, Israel, Turkey and the Middle East – Dubai will be Yahoo! EMEA Limited. 

6. Miscellaneous. This Ninth Amendment will be governed and construed, to the extent applicable, in accordance with the laws of the State of New
York, without regard to its conflict of law principles. This Ninth Amendment may be executed in multiple counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument. This Ninth Amendment may
be amended or modified only by a written agreement that (a) refers to this Ninth Amendment; and (b) is executed by an authorized representative of each party. This Ninth Amendment shall be binding on the parties hereto and their respective
personal and legal representatives, successors, and permitted assigns. Except as expressly set forth herein, the Agreement remains in full force and effect and this Ninth Amendment shall not be construed to alter, amend or change any of the other
terms or conditions set forth in the Agreement. To the extent of any conflict between this Ninth Amendment and any provisions of the Agreement, this Ninth Amendment shall control with respect to the subject matter hereof. 

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 IN WITNESS WHEREOF, the parties by their duly authorized representatives have executed this Ninth
Amendment as of the Ninth Amendment Effective Date. 
  

							
	YAHOO! INC.	 	MICROSOFT CORPORATION
				
	By:	 	 /s/ Laurence Mann
	 	By:	 	 /s/ Rik van der Kooi

							
	Name:	 	Laurence Mann	 	Name:	 	Rik van der Kooi
	Title:	 	Senior Vice President, Search Products	 	Title:	 	COO-OSD

  

					
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