Document:

EX-10.24

 Exhibit 10.24 

AIRBNB, INC. 
 AMENDED
AND RESTATED NON-EMPLOYEE DIRECTOR COMPENSATION POLICY 
 Adopted on November 18, 2020

 The Board of Directors (the “Board”) of Airbnb, Inc. (the “Company”) has approved the
following Amended and Restated Non-Employee Director Compensation Policy (“Policy”), which amends and restates the policy previously approved on November 13, 2018, to provide all non-employee members of the Board compensation for their service on the Board. This Policy shall be effective as of the date the Company’s registration statement relating to the initial public offering of its
Common Stock becomes effective. The Board may amend this Policy from time to time at its discretion. 
  

	 	I.	 Eligibility: Only those members of the Board who constitute
Non-Employee Directors are eligible to receive compensation under this Policy. For purposes of this Policy, “Non- Employee Director” means any
member of the Board who is not an employee of the Company or any of its subsidiaries. A director who is an employee of the Company or any of its subsidiaries is not entitled to compensation on account of such director’s service on the Board. In
addition, no compensation shall be paid to any member of the Board on account of such director’s service as a director of a subsidiary of the Company. 

  

	 	II.	 Equity Compensation 

 

	 	a.	 Initial RSU Award. In the event a Non-Employee Director is
appointed to the Board on a date other than May 25 such Non- Employee Director shall automatically be granted an initial award of Restricted Stock Units (“RSUs”) under the
Company’s 2020 Incentive Award Plan or its successor (the “Plan”) covering a number of shares (rounded down to the nearest whole number) of the Company’s Class A Common Stock equal to (i) the sum of (A)
$300,000 multiplied by the fraction (rounded to four decimal places) obtained by dividing (1) the number of days from (and including) the date such Non-Employee Director is appointed to the Board
until the one-year anniversary of the date of the then-most recent May 25th (including the 24th as a day in the calculation, but not the 25th) by (2) 365
(irrespective of whether it is a leap year) plus (B) the Initial RSU Election Amount (as defined below), if any, divided by (ii) the Fair Market Value (as defined in the Plan) of a share of Company Class A Common Stock
as of the date of grant (the “Initial RSU Award”). Each Initial RSU Award shall vest in full on the May 25 following the date of grant, subject to the Non-Employee Director’s
continued service on the Board through the date of vesting. 

  

	 	b.	 Annual RSU Award. On each May 25, each Non-Employee
Director shall automatically be granted an annual award of RSUs under the Plan covering a number of shares (rounded down to the nearest whole number) of the Company’s Class A Common Stock equal to (i) the sum of (A) $300,000
plus (B) the Annual RSU Election Amount (as defined below), divided by (ii) the Fair Market Value of a share of Company Class A Common Stock as of the date of grant (the “Annual RSU Award”). Each
Annual RSU Award shall vest in full on the first anniversary of the date of grant, subject to the Non-Employee Director’s continued service on the Board through the date of vesting. 

  
 1 

Airbnb, Inc. 
 Non-Employee Director Compensation Policy 

	 	c.	 Form of Agreement. All grants of RSUs shall be made pursuant to the Plan and governed by an individual
award agreement to be entered into between the Company and the Non-Employee Director in substantially the form previously approved by the Board. The descriptions of these grants set forth above are qualified
in their entirety by reference to the Plan and the applicable award agreement issued thereunder. 

  

	 	d.	 Change in Control. Immediately prior to the closing of a Change in Control (as defined in the Plan), the
vesting of all Initial RSU Awards, Annual RSU Awards and other equity awards, including any stock options, held by each Non-Employee Director shall accelerate in full. 

 

	 	III.	 Cash Compensation 

Cash compensation payable to each Non-Employee Director shall consist of an annual fee of $50,000 for
each Non-Employee Director, which shall be paid in quarterly installments as soon as practicable after the conclusion of each fiscal quarter of the Company. 

Cash compensation payable to each Non-Employee Director shall also consist of additional annual fees
for each Non-Employee Director’s service as a chair or member of a Board committee, as Chairman of the Board or as Lead Independent Director, as follows, and shall be paid once per year as soon as
practicable after the conclusion of each fiscal year of the Company: 
  

					
	 Audit Committee Chair
	  	$	40,000	 
	 Compensation Committee Chair
	  	$	37,500	 
	 Nominating and Corporate Governance Committee Chair
	  	$	30,000	 
	 Stakeholder Committee Chair
	  	$	37,500	 
	 Audit Committee Member
	  	$	15,000	 
	 Compensation Committee Member
	  	$	12,500	 
	 Nominating and Corporate Governance Committee Member
	  	$	10,000	 
	 Stakeholder Committee Member
	  	$	12,500	 
	 Lead Independent Director
	  	$	25,000	 
	 Chairman of the Board
	  	$	50,000	 

 For the avoidance of doubt, a Non-Employee Director serving as the
chair of a committee shall only receive the chair fee for such committee and shall not be entitled to receive a member fee. Notwithstanding anything in this Policy to the contrary, in the event a Non-Employee
Director assumes or vacates a position on the Board or one of its committees during a quarter or year, as applicable, such Non-Employee Director shall be entitled to a prorated portion of the cash compensation
for such position for that quarter or year, as applicable, based on the percentage of days in that quarter or year during which such Non-Employee Director served in the position for which the cash compensation
is payable under this Policy. 

  
 2 

Airbnb, Inc. 
 Non-Employee Director Compensation Policy 

	 	IV.	 RSU Election in Lieu of Cash Fees 

In lieu of receiving cash compensation as provided herein, a Non-Employee Director may elect (a
“Fee Election”) to receive his or her annual cash fees under Section III in the form of RSUs (“Fee Election RSUs”). Any such Fee Election must be made (i) in connection with a Non-Employee Director’s initial appointment to the Board, within 30 days prior to his or her initial appointment to the Board (and will be irrevocable through May 25 of the calendar year following the
calendar year in which the Non-Employee Director is appointed) and (ii) in connection with an election made after a Non-Employee Director’s initial appointment
to the Board, not later than the end of the calendar year prior to the calendar year in which the compensation for which such election is being made would otherwise be payable (and will be irrevocable for the one year period commencing on
May 25 of the next calendar year). For the purposes of this Policy, (a) the “Initial RSU Election Amount” shall mean the amount of cash fees otherwise expected to be paid to the
Non-Employee Director through the May 25 following the date of appointment based on the committee assignments in effect as of the date of appointment, and (b) the “Annual RSU Election
Amount” shall mean the sum of the cash fees that otherwise would have been paid to the Non-Employee Director during the one year period commencing on May 25 of the calendar year following the
calendar year the election is made based on the committee assignments in effect during such calendar year. Once an election is made to receive Fee Election RSUs in lieu of cash fees, such election shall remain in effect until revoked in writing. Any
revocation shall only become effective on May 25 of the calendar year following the calendar year in which the notice of revocation is provided to the Company. 
  

	 	V.	 Expenses 

The reasonable expenses incurred by Non-Employee Directors in connection with attendance at Board or
committee meetings will be reimbursed within a reasonable amount of time following submission by the Non-Employee Director of reasonable written substantiation for the expenses. 

 

	 	VI.	 No Right to Continued Service 

Neither this Policy nor any compensation paid hereunder will confer on any Non-Employee Director the
right to continue to serve as a member of the Board or to continue providing services to the Company in any other capacity. 
  

	 	VII.	 Capitalized Terms 

Capitalized terms used but not defined in this Policy have the meanings ascribed to them in the Plan. 

  
 3 

Airbnb, Inc. 
 Non-Employee Director Compensation PolicyEX-10.29

 Exhibit 10.29 

NOMINATING AGREEMENT 

This NOMINATING AGREEMENT (this “Agreement”) is made and entered into as of November 27, 2020 by and among Brian
Chesky, Joe Gebbia and Nathan Blecharczyk (each, a “Founder Director” and, collectively, the “Founder Directors”) and Airbnb, Inc., a Delaware corporation (the “Company”).
Capitalized terms not otherwise defined herein shall have the meaning given to them in the Restated Certificate of Incorporation of the Company, to be duly adopted in accordance with the General Corporation Law of the State of Delaware and filed
with the Secretary of State of the State of Delaware in connection with the IPO (as defined below), as it may be amended, restated or otherwise modified from time to time (the “Certificate of Incorporation”). 

RECITALS 
 WHEREAS, on
November 16, 2020 the Company publicly filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, a registration statement on Form
S-1 relating to the initial public offering (the “IPO”) of shares of Class A Common Stock, par value $0.0001 per share (“Class A Common
Stock”), of the Company; 
 WHEREAS, each Founder Director is currently a member of the Board of Directors (the
“Board”) of the Company; 
 WHEREAS, each Founder Director currently owns or beneficially owns shares of
Class A Common Stock and/or shares of Class B Common Stock, par value $0.0001 per share (“Class B Common Stock” and, together with the Class A Common Stock, the
“Common Stock”), of the Company; and 
 WHEREAS, the Company and each of the Founder Directors desires to provide
for the nomination of each Founder Director to the Board for election and re-election to the Board after the Company has completed the IPO; 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the above recitals and the mutual covenants made herein, the parties hereby agree as follows: 
 1.
Nomination Provisions. 
 1.1 Nomination. At each annual meeting or special meeting of stockholders at which directors are to
be elected following the closing of the IPO, the Company and the Founder Directors shall take the actions described in Section 1.2 to include each Founder Director in the slate of nominees for election as directors to the
Board. 
 1.2 Necessary Action. With respect to each Founder Director, following the closing of the IPO, the Company and the Founder
Directors shall take all Necessary Action (as defined below) to, or to cause the Board and the Nominating and Governance Committee of the Board, as applicable, to (i) include such Founder Director in the slate of nominees nominated by the Board
for the applicable class of directors (or the full Board if the Board is no longer classified) 

  
 1 

 
for election or re-election by the stockholders of the Company and (ii) include such Founder Director in the Company’s proxy statement for such
stockholder meeting or similar document or soliciting materials. With respect to each Founder Director, following the closing of the IPO, the Company shall use reasonable efforts to, and the Founder Directors shall, take all Necessary Action to
recommend in favor of each Founder Director’s election or re-election as a director, and the Company shall use reasonable efforts to take all Necessary Action to solicit proxies or consents in favor
thereof. If and to the extent the Company’s organizational documents permit action by written consent of the stockholders and action is to be taken to elect directors by written consent of the stockholders, the parties’ obligations set
forth in this Agreement shall apply in full force and effect. 
 “Necessary Action” means, with respect to a specified result, all
actions, to the fullest extent permitted by applicable Law and as consistent with applicable fiduciary duties of directors, necessary to cause such result, including, without limitation, (i) voting, providing a written consent or otherwise
causing the adoption of board resolutions with respect to the nomination of each Founder Director and inclusion in the Company’s proxy statement or similar document or soliciting materials of the Founder Directors, (ii) causing the
adoption of board and/or stockholder resolutions and amendments to any organizational documents, (iii) executing agreements and instruments and (iv) making, or causing to be made, with governmental, administrative or regulatory
authorities, all filings, registrations or similar actions that are required to achieve such result. 
 “Law” means any federal,
state, local, national, supranational, foreign or administrative law (including common law), statute, code, rule, regulation, rules of the relevant stock exchange on which the relevant parties’ securities are listed, order, ordinance or other
pronouncement of any governmental entity. 
 1.3 Term and Termination of the Obligations. The Company’s and each Founder
Director’s obligations set forth in Sections 1.1 and 1.2 hereof shall terminate with respect to a Founder Director upon the earliest to occur of (a) such Founder Director’s effective resignation from the Board,
(b) such Founder Director’s death or Disability (as defined in the Certificate of Incorporation), (c) such Founder Director’s removal from the Board for cause, (d) the expiration of such Founder Director’s term if such
Founder Director has given notice of his intention not to stand for re-election, and (e) the date upon which the number of shares of Common Stock beneficially owned by such Founder Director (as determined
in accordance with Rule 13d–3 under the Securities Exchange Act of 1934, as amended, and any other applicable rules of the SEC) of Common Stock falls below ten percent (10%) of the number of shares of Common Stock beneficially owned by such
Founder Director as of September 30, 2020 (as disclosed in the Company’s final prospectus for the IPO). 
 1.4 Termination of
the Agreement. This Agreement shall be conditioned on and effective as of immediately prior to the effectiveness of the Form 8-A to be filed by the Company with the SEC in connection with the IPO and shall
continue in effect until and shall terminate upon the earliest of (a) the date on which the Company’s and the Founder Directors’ obligations under Sections 1.1 and 1.2 have terminated with respect to all Founder
Directors, (b) the Class B Mandatory Conversion Time (as defined in the Certificate of Incorporation) and (c) immediately prior to the closing of a Change of Control (as defined below). For purposes of this
Section 1.4 

  
 2 

 
only “Change of Control” means (i) a sale of all or substantially all of the assets of the Company that is followed by a liquidation, dissolution or winding up of the
Company, or (ii) any merger or consolidation (each, a “combination transaction”), in which the Company is a constituent entity or is a party with another entity if, as a result of such combination transaction, in one
transaction or series of related transactions, the voting securities of the Company that are outstanding immediately prior to the consummation of such combination transaction (other than any such securities that are held by an “Acquiring
Stockholder,” as defined below) do not represent, or are not converted into, securities of the surviving entity in such combination transaction (or such surviving entity’s parent entity if the surviving entity is owned by the parent) that,
immediately after the consummation of such combination transaction, together possess at least a majority of the total voting power of all voting securities of such surviving entity (or its parent, if applicable) that are outstanding immediately
after the consummation of such combination transaction, including securities of such surviving entity (or its parent, if applicable) that are held by the Acquiring Stockholder. For purposes of this paragraph, an “Acquiring
Stockholder” means a stockholder or stockholders of the Company that (x) merges or combines with the Company in such combination transaction or (y) directly or indirectly owns or controls a majority of the voting power of
another entity that merges or combines with the Company in such combination transaction. If the closing of the IPO has not occurred by December 31, 2020, this Agreement shall automatically terminate and be of no further force or effect. 

2. Further Assurances. At any time or from time to time after the date hereof, the Company and the Founder Directors agree to cooperate
with each other, and at the request of the Company or any other Founder Director, to execute and deliver any further instruments or documents and to take all such further action as the Company or any other Founder Director may reasonably request in
order to evidence or effectuate the consummation of the obligations contemplated hereby and to otherwise carry out the intent of the Founder Directors hereunder. 

3. Remedies. 
 3.1
Specific Enforcement. Each party acknowledges and agrees that each party hereto will be irreparably damaged in the event any of the provisions of this Agreement are not performed by the parties in accordance with their specific terms or are
otherwise breached. Accordingly, it is agreed that each of the aggrieved parties shall be entitled to an injunction to prevent breaches of this Agreement, and to specific enforcement of this Agreement and its terms and provisions in any action
instituted in any court of the United States or any state having subject matter jurisdiction. 
 3.2 Remedies Cumulative. All
remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 
 4.
Miscellaneous. 
 4.1 No Assignment. The terms and conditions of this agreement, including all obligations and rights therein,
may not be assigned. 
 4.2 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 

  
 3 

 4.3 Counterparts; Facsimile. This Agreement may be executed and delivered by
facsimile signature, including electronic signatures, and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

4.4 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement. 
 4.5 Notices. All notices and other communications given or made pursuant to this
Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or: (a) personal delivery to the party to be notified, (b) when sent, if sent by facsimile during normal business hours of the
recipient, and if not sent during normal business hours, then on the recipient’s next business day, (c) when sent, if sent by electronic mail during the recipient’s normal business hours, and if not sent during normal business hours,
then on the recipient’s next business day, (d) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (e) one (1) business day after the business day of deposit with a
nationally recognized overnight courier, freight prepaid, specifying next business day delivery with written verification of receipt. All communications shall be sent to the respective parties at their address as set forth below or at such other
address as the Founder Director shall, from time to time, designate by ten (10) days’ advance written notice to the Company: 
 If
to Brian Chesky, to: 
 Brian Chesky 

c/o Airbnb, Inc. 
 888 Brannan
Street 
 San Francisco, California 94103 

Tel: *** 
 Email: *** 

with a copy (which shall not constitute notice) to: 

Sarah Solum 
 Pamela Marcogliese

 Freshfields Bruckhaus Deringer US LLP 

2710 Sand Hill Road 
 Menlo
Park, California 94025 
 Tel: *** 

*** 
 If to Joe Gebbia, to: 

Joe Gebbia 
 c/o Airbnb, Inc.

 888 Brannan Street 
 San
Francisco, California 94103 
 Tel: *** 

Email: *** 
 with a copy (which
shall not constitute notice) to: 
 Kenton King 

Joseph Yaffe 
 Skadden, Arps,
Slate, Meagher & Flom LLP 

  
 4 

 525 University Avenue 

Palo Alto, California 94301 

Tel: *** 
 *** 

If to Nathan Blecharzyck, to: 

Nathan Blecharzyck 
 c/o Airbnb,
Inc. 
 888 Brannan Street 

San Francisco, California 94103 

Tel: *** 
 Email: *** 

with a copy (which shall not constitute notice) to: 

Sarah Payne 

Sullivan & Cromwell LLP 

1870 Embarcadero Road 
 Palo
Alto, California 94303 
 Tel: *** 

*** 
 If to the Company, to: 

Rich Baer 
 Garth Bossow 

Airbnb, Inc. 
 888 Brannan
Street 
 San Francisco, California 94103 

Email: *** 
 with a copy (which
shall not constitute notice) to: 
 Samuel Angus 

Ari Haber 
 Fenwick &
West LLP 
 555 California Street, 12th Floor 

San Francisco, California 94104 

*** 
 4.6 Consent Required to
Terminate, Amend or Waive. This Agreement may be amended or terminated and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument
executed by each of the Founder Directors (or in the case of a waiver of a specific Founder Director’s rights hereunder, by such Founder Director) and the Company. Any amendment, termination or waiver effected in accordance with this
Section 4.6 shall be binding on each party. 
 4.7 No Third Party Liability. This Agreement may only be
enforced against the named parties hereto. All claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any
representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement), may be made only against the 

  
 5 

 
entities that are expressly identified as parties hereto; and no past, present or future director, officer, employee, incorporator, member, partner, stockholder, affiliate, agent, attorney or
representative of any party hereto (including any person negotiating or executing this Agreement on behalf of a party hereto), unless party to this Agreement, shall have any liability or obligation with respect to this Agreement or with respect any
claim or cause of action (whether in contract or tort) that may arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including a representation or warranty made in or in connection with this
Agreement or as an inducement to enter into this Agreement). 
 4.8 Delays or Omissions. No delay or omission to exercise any right,
power or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-
defaulting party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default previously or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party
of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be
cumulative and not alternative 
 4.9 Severability. The invalidity or unenforceability of any provision hereof shall in no way affect
the validity or enforceability of any other provision. 
 4.10 Entire Agreement. This Agreement shall constitute the full and entire
understanding and agreement between the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties are expressly canceled. 

4.11 Dispute Resolution. The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the Delaware Court of
Chancery (or, only if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware) for the purpose of any suit, action or other
proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the Delaware Court of Chancery (or, only if the Delaware Court of
Chancery declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise,
in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named court(s), that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought
in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. 

4.12 Attorneys’ Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the non-prevailing party shall pay all costs and expenses incurred by the prevailing party, including, without limitation, all reasonable attorneys’ fees. 

[SIGNATURE PAGES FOLLOW] 

  
 6 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the
date first written above. 
  

			
	BRIAN CHESKY
		
	By:	 	 /s/ Brian Chesky

	
	JOE GEBBIA
		
	By:	 	 /s/ Joe Gebbia

	
	NATHAN BLECHARCZYK
		
	By:	 	 /s/ Nathan Blecharczyk

  
 [Signature Page to
Nominating Agreement] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the
date first written above. 
  

			
	 AIRBNB, INC.

		
	 By:
	 	 /s/ Rich Baer

	 Name:
	 	 Rich Baer

	 Title:
	 	 Chief Legal Officer

  

  
 [Signature Page to
Nominating Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]