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Exhibit 10.2    
    

EMPLOYMENT AGREEMENT  

        THIS EMPLOYMENT AGREEMENT ("Agreement"), dated as of January 7, 2008 (the "Effective Date"), is entered into by and between Douglas R. Lebda
("Employee") and IAC/InterActiveCorp ("IAC" or the "Company"). All capitalized terms used herein without definition shall have the meaning assigned to them in the Prior Agreement (as defined below). 

        WHEREAS,
Employee is currently serving as President and Chief Operating Officer of the Company; 

        WHEREAS,
the Company has announced a plan to separate into five publicly traded companies (the "Spin-Offs"), one of which is intended to comprise the businesses operated
within the Company's LendingTree and Real Estate financial reporting segments, which currently include LendingTree, RealEstate.com, Domania, GetSmart, Home Loan Center and iNest (collectively,
"LendingTree"); 

        WHEREAS,
the Company wishes, in anticipation of the Spin-Off of LendingTree (the "LT Spin-Off"), to appoint Employee to the position of Chairman and Chief
Executive Officer of LendingTree, in addition to his continuing in his current position as President and Chief Operating Officer of the Company for a transitional period, and Employee is willing to
commit himself to continue to serve the Company and its subsidiaries and affiliates, on the terms and conditions herein provided; 

        WHEREAS,
Employee, the Company and LendingTree are parties to an Employment Agreement (the "Prior Agreement"), dated as of December 14, 2005, which generally became effective as
of the effective date (as that term is defined in the Prior Agreement), which the parties intend will be superseded hereby; 

        WHEREAS,
in order to effect the foregoing, the Company and Employee wish to enter into an employment agreement on the terms and conditions set forth below; 

        NOW,
THEREFORE, in consideration of the mutual agreements hereinafter set forth, Employee and the Company have agreed and do hereby agree as follows: 

        1A.    EMPLOYMENT.    The Company agrees to employ Employee as Chairman and Chief Executive Officer of LendingTree as
of the Effective Date and Employee accepts and agrees to such employment; provided that it is intended that this position be held at the parent entity operating the LendingTree businesses upon closing
of the LT Spin-Off (the "LT Parent"). During Employee's employment with the Company, Employee shall perform all services and acts necessary or advisable to fulfill the duties
and responsibilities as are commensurate and consistent with Employee's position and shall render such services on the terms set forth herein. During Employee's employment with the Company prior to
the LT Spin-Off, Employee shall report to the Chief Executive Officer of the Company and subsequent to the LT Spin-Off, Employee shall report to the Board of
Directors of LT Parent (in each case, hereinafter referred to as the "Reporting Officer"). Employee shall have such powers and duties with respect to the Company as may reasonably be assigned
to Employee by the Reporting Officer, to the extent consistent with Employee's position and status. Employee agrees to devote all of Employee's working time, attention and efforts to the Company and
to perform the duties of Employee's position in accordance with the Company's policies as in effect from time to time. Notwithstanding the foregoing, Employee shall remain as President and Chief
Operating Officer of the Company until the earlier of the LT Spin-Off or such date as is determined by the Chief Executive Officer of IAC. 

        Notwithstanding
anything to the contrary above, Employee may serve as a corporate board member for Eastman Kodak and another entity previously identified to IAC (collectively, the
"Current Boards") and such other organizations (not to exceed four (4) in the aggregate) as are approved in advance by the Reporting Officer, provided said service does not (a) interfere
with Employee's ability to perform his duties for the Company as contemplated hereunder, and (b) compete with, or present an actual or apparent conflict of interest for, the Company or
LendingTree, which shall be determined 

 

by
the General Counsel of IAC in the case of IAC and the Board of Directors of LendingTree in the case of LendingTree, in each case, in his (or its) sole, good faith judgment. IAC acknowledges that as
of the Effective Date, Employee is serving, or has agreed to serve, as a corporate board member on the Current Boards, and that IAC will only claim that clause (a) or (b) of the
preceding sentence is implicated if there are changed circumstances after the Effective Date and prior to the LT Spin-Off; provided that the requirement for changed circumstances
after the Effective Date shall not be a prerequisite for the Board of Directors of LT Parent to claim that circumstances meeting clause (a) or (b) of the preceding sentence have
been met. 

        2A.    TERM OF AGREEMENT.    The term ("Term") of this Agreement shall commence on the Effective Date and shall
continue through the fifth anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of Section 1 of the Standard Terms and Conditions attached hereto;  provided,
that certain terms and conditions herein may specify a greater period of effectiveness. Employee and the Company will enter into good faith
negotiations to extend the Term no later than six months prior to the end of the Term, provided, that Employee has provided written notice to the
Company between eight and six months prior to the end of the Term which sets forth his interest in entering into such negotiations. 

        3A.    COMPENSATION.    

        (a)    BASE SALARY.    During the Term, the Company shall pay Employee an annual base salary of $750,000 (the "Base
Salary"), payable in equal biweekly installments or in such other installments as may be in accordance with the Company's payroll practice as in effect from time to time. The Base Salary shall be
reviewed by the Company, if requested by Employee in writing, no less frequently than annually in a manner consistent with similarly situated executives of the Company and may be increased but not
decreased. For all purposes under this Agreement, the term "Base Salary" shall refer to Base Salary as in effect from time to time. 

        (b)    DISCRETIONARY BONUS.    During the Term, Employee shall be eligible to receive discretionary annual bonuses in
a manner consistent with similarly situated executives of the Company. 

        (c)    EQUITY COMPENSATION.    

        (i)    Grant of LendingTree Equity Incentives.    At the time of the LT Spin-Off (which shall be
the grant, or transfer, date), Employee shall be granted the following equity awards, with the vesting of each of the awards dependent on the continued service of Employee through the vesting term: 

        (A)  Restricted
stock of the LT Parent ("LT Restricted Stock") in an amount equal to 2% of the fully diluted common equity of LT Parent immediately after
the consummation of the LT Spin-Off (after giving effect to the grant of LT Restricted Stock and the LT Options (as defined below), but not taking into account any
common units of LendingTree, LLC outstanding under the Shares Agreement immediately after the consummation of the LT Spin-Off (whether held by Employee or others)) (the
"Diluted LT Common Shares"). The LT Restricted Stock will vest in equal annual installments on the first five anniversaries of the Effective Date;  provided that no vesting date may occur prior
to the closing of the LT Spin-Off. The LT Restricted Stock will be governed by a
new LendingTree stock plan to be established by the LT Parent Board of Directors (or a committee thereof) (the "LT Stock Plan") and a related agreement. In the event of any conflict or
ambiguity between this Agreement and the LT Stock Plan or agreement, this Agreement shall control. For purposes of clarity, Diluted LT Common Shares will include, without limitation, any
shares in LT Parent that Employee receives in the LT Spin-Off in respect of his IAC shares (i) held as of the Effective Date which were received in 

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exchange
for 25% of his LendingTree management equity shares (ii) to be received in exchange for another 25% of his LendingTree management equity shares held as of the Effective Date. 

        (B)  Four
separate awards of stock options (the "LT Options"), each award giving Employee the right to acquire 21/2% of the Diluted LT Common
Shares, with per share exercise prices for each award calculated as follows: 

	(1)
	First
Award—$250,000,000 divided by number of Diluted LT Common Shares;

	(2)
	Second
Award—$300,000,000 divided by number of Diluted LT Common Shares;

	(3)
	Third
Award—$400,000,000 divided by number of Diluted LT Common Shares; and

	(4)
	Fourth
Award—$450,000,000 divided by number of Diluted LT Common Shares. 

Notwithstanding
the foregoing, if any calculation above results in a per share exercise price that is lower than the initial trading price of Parent Common Stock immediately following the
LT Spin-Off (the "Initial LT Price"), such exercise price(s) shall be equal to the Initial LT Price and the per share exercise price of the Fourth Award shall be
adjusted by reducing the
$450,000,000 in the calculation under (B)(4) above by $1.00 for each dollar that the Initial LT Price multiplied by the Diluted LT Common Shares exceeds $250,000,000. The
LT Options will be governed by the LT Stock Plan and a related agreement and shall each vest in full on the fifth anniversary of the Effective Date. In the event of any conflict or
ambiguity between this Agreement and the LT Stock Plan or agreement, this Agreement shall control. 

        (ii)   The Shares.    Section 3(c)(i) of the Prior Agreement shall remain in full force and effect, except
that the shares of Exchange Stock shall vest in full and the Target Shares shall be exchanged for 300,000 shares of IAC Common Stock, and all other provisions in the Prior Agreement relating to the
Exchange Stock and the Target Shares shall no longer be in effect (A) immediately prior to the LT Spin-Off, provided Employee remains employed by the Company at such time,
(B) if earlier than (A), immediately prior to the Company's disposition (either through spin-off or other means) of the last of its Ticketing, HSN and Interval businesses, provided
that all three of such businesses have been so disposed of (such third disposition, the "Threshold Disposition"), provided Employee remains employed by the Company at such time, (C) upon
Employee's termination of employment in accordance with either Section 3A(e) of the Agreement or Section 1(g) of the Standard Terms and Conditions attached hereto, or (D) upon any
Qualifying Termination (as defined in Section 1(d) of the Standard Terms and Conditions). 

        (iii)  Treatment of IAC Equity Awards.    All IAC restricted stock units held by Employee on the Effective Date
shall vest, to the extent not previously vested, with Growth Shares granted in February 2007 vesting at the target level, (A) immediately prior to the closing of the
LT Spin-Off, provided Employee remains employed by the Company at such time, (B) if earlier than (A), immediately prior to the closing of the Threshold Disposition, provided
Employee remains employed by the Company at such time, (C) upon Employee's termination of employment in accordance with either Section 3A(e) of the Agreement or Section 1(g) of
the Standard Terms and Conditions attached hereto, or (D) upon any Qualifying Termination. 

        (d)    BENEFITS.    During the Term, Employee shall be eligible to participate in any welfare, health, life insurance,
pension benefit and incentive plans, programs, policies and practices as may be adopted from time to time by the Company on the same basis as that provided to similarly 

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situated
employees of the Company generally. Without limiting the generality of the foregoing, Employee shall be eligible for the following benefits: 

        (i)    Reimbursement for Business Expenses.    During the Term, the Company shall reimburse Employee for all
reasonable and necessary expenses incurred by Employee in performing Employee's duties for the Company, on the same basis as similarly situated employees of the Company generally and in accordance
with the Company's policies as in effect from time to time. 

        (ii)   Vacation.    During the Term, Employee shall be eligible for paid vacation in accordance with the plans,
policies, programs and practices of the Company applicable to similarly situated employees of the Company generally. Any accrued vacation under the Company's plans, policies, programs and practices
shall be rolled over and continue to be available to Employee upon his becoming subject to LendingTree's plans, policies, programs and practices regarding vacation. 

        (iii)  Payment of and/or Reimbursement for Certain Relocation Expenses.    The Company shall pay on Executive's
behalf (or reimburse Executive for) actual, reasonable and documented expenses relating to his relocation to Charlotte, North Carolina, if such occurs, up to an aggregate dollar amount of $400,000
(including tax gross-ups), on the same basis as similarly situated employees and in accordance with Company policy (the "Relocation Expenses"). As required by Company policy and as a
condition to the payment of and/or reimbursement the Relocation Expenses, Executive agrees to repay the Company for 100%, 75%, 50% and 25% of such expenses upon a termination of Executive's employment
for Cause (as defined in Section 1(c) of the Standard Terms and Conditions) or if Executive voluntarily terminates his employment with the Company (except for Good Reason as defined in
accordance with the provisions of Section 1(d) of the Standard Terms and Conditions or termination pursuant to Section 1(g) of the Standard Terms and Conditions) during months 0
through 4, 5 through 9, 10 through 14 and 15 through 18, respectively, of the Term. 

        (e)    SALE OF LENDINGTREE.    In the event that during the Term and prior to the LT Spin-Off, the
Company sells a controlling interest in LendingTree (i.e., a majority of the outstanding voting power over or substantially all of the assets of the LendingTree businesses), Employee shall have
the right to terminate his employment with the Company within thirty days of notice of such sale, and upon the later of such termination and the closing of such sale, the Company shall pay Employee an
amount equal to 1% of the consideration received by the Company. The payment shall be in the same form as the consideration received by the Company;  provided that the Company may, at its option, elect
to pay Employee entirely in cash in respect of the 1% interest. If Employee exercises his
termination right under this Section 3A(e), subject to Employee's execution and non-revocation of a general release of the Company and its affiliates substantially in the form
attached hereto as Exhibit A and Employee's compliance with Sections 2(a) through 2(e), upon payment by the Company of the Accrued
Obligations, payment to Employee of the 1% of the consideration described above in this section and the vesting of equity as provided in Sections 3A(c)(ii) and (iii), the Company shall have no
further obligations to Employee hereunder. 

        (f)    INVESTOR IN LENDINGTREE.    In the event that during the Term and prior to the LT Spin-Off a
third party makes a minority investment in Lending Tree, the Company shall provide notice to Employee of the intended investment along with the terms and conditions of such investment. Within ten
(10) days of such notice, Employee may, by written notice to the Company, elect to co-invest in LendingTree for up to 5% of the Lending Tree equity (plus up to an additional 5% with
the consent of the third-party investor) on the same economic terms as the other investor, and with other terms reasonable and customary for a minority investment of this 

4

 

nature.
Notwithstanding the foregoing, if all or a portion of the consideration to be delivered by the third party for its investment in LendingTree is not in cash or marketable securities, whether it
be unmarketable securities, other property, or contractual commitments, the Company shall value such consideration in good faith and adjust the purchase price for purposes of determining the amount
the Employee will pay for his co-investment. 

        4A.    NOTICES.    All notices and other communications under this Agreement shall be in writing and shall be given by
first-class mail, certified or registered with return receipt requested or hand delivery acknowledged in writing by the recipient personally, and shall be deemed to have been duly given three days
after mailing or immediately upon duly acknowledged hand delivery, as applicable, to the respective persons named below: 

	If to the Company:	IAC/InterActiveCorp

555 West 18th Street

New York, NY 10011
	

 	

Attention: General Counsel
	

Or, if after the LT Spin-Off, then to the General Counsel of LT Parent.
	

If to Employee:	

At the most recent address on file at the Company.

Either
party may change such party's address for notices by notice duly given pursuant hereto. 

        5A.    GOVERNING LAW; JURISDICTION.    This Agreement and the legal relations thus created between the parties hereto
shall be governed by and construed under and in accordance with the laws of the State of Delaware without reference to the principles of conflicts of laws. Any and all disputes between the parties
which may arise pursuant to this Agreement will be heard and determined solely before an appropriate federal court in the State of New York, or, if not maintainable therein, then in an appropriate New
York state court. The parties acknowledge that such courts have jurisdiction to interpret and enforce the provisions of this Agreement, and the parties consent to, and waive any and all objections
that they may have as to, personal jurisdiction and/or venue in such courts. 

        6A.    COUNTERPARTS.    This Agreement may be executed in several counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument. Employee expressly understands and acknowledges that the Standard Terms and Conditions attached hereto are incorporated
herein by reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to "this Agreement" or the use of the term "hereof" shall refer to this
Agreement and the Standard Terms and Conditions attached hereto, taken as a whole. 

5

  
        IN WITNESS WHEREOF, the Company has caused this Agreement to be executed and delivered by its duly authorized officer and Employee has executed and delivered this Agreement as of the
date set forth above. 

	 	 	IAC/INTERACTIVECORP
	

 	
 	

 	

 
	 	 	
 By:

Title:
	

 	
 	

 	

 
	 	 	
 DOUGLAS R. LEBDA

  STANDARD TERMS AND CONDITIONS  

        1.    TERMINATION OF EMPLOYEE'S EMPLOYMENT.    

        (a)    DEATH.    Upon termination of Employee's employment prior to the expiration of the Term by reason of Employee's
death, the Company shall pay Employee's designated beneficiary or beneficiaries, within 30 days of Employee's death in a lump sum in cash, (i) Employee's Base Salary from the date of
Employee's death through the end of the month in which Employee's death occurs and (ii) any Accrued Obligations (as defined in paragraph 1(f) below). 

        (b)    DISABILITY.    Upon termination of Employee's employment prior to expiration of the Term by reason of
Employee's Disability, the Company shall pay Employee, within 30 days of such termination in a lump sum in cash, (i) Employee's Base Salary from the date of Employee's termination of
employment due to Disability through the end of the month in which such termination occurs, offset by any amounts payable to Employee under any disability insurance plan or policy provided by the
Company and (ii) any Accrued Obligations (as defined in paragraph 1(f) below). "Disability" shall mean a condition, resulting from bodily injury or disease, that renders, and for a six
consecutive month period has rendered, Employee unable to perform substantially the duties pertaining to his employment with the Company. A return to work of less than 14 consecutive days will not be
considered an interruption in Employee's six consecutive months of disability. Disability will be determined by the Company on the basis of medical evidence satisfactory to the Company. 

        (c)    TERMINATION FOR CAUSE; RESIGNATION BY EMPLOYEE WITHOUT GOOD REASON.    The Company may terminate Employee's
employment under this Agreement with or without Cause at any time. Upon termination of Employee's employment prior to expiration of the Term by the Company for Cause or upon Employee's resignation
without Good Reason, this Agreement shall terminate without further obligation by the Company, except for the payment of any Accrued Obligations (as defined in paragraph 1(f) below). As used
herein, "Cause" shall mean: (i) the plea of guilty or nolo contendere to, or conviction for, a felony offense;  provided, however, that after indictment, the Company may suspend Employee from the rendition of
services, but without limiting or modifying in any other way the Company's obligations to Employee under this Agreement; provided,  further, that Employee's
employment shall be immediately reinstated if the indictment is dismissed or otherwise dropped and there is not otherwise
grounds to terminate Employee's employment for Cause; (ii) a material breach by Employee of a fiduciary duty owed to the Company; (iii) a material breach by Employee of any of the
covenants made by Employee in Section 2 hereof; or (iv) the willful or gross neglect by Employee of the material duties required by this Agreement. Before a cessation of Employee's
employment shall be deemed to be a termination of Employee's employment for Cause, (A) the Company shall provide written notice to Employee that identifies the conduct described in
clauses (ii), (iii) or (iv) above, as applicable, and (B) in the event that the event or condition is curable, Employee shall have failed to remedy such event or condition
within 30 days after Employee shall have received the written notice from the Company described above. As used herein, "Good Reason" shall mean the occurrence of any of the following without
Employee's written consent, (i) a material adverse change in Employee's title, duties, operational authorities or reporting responsibilities as they relate to Employee's position as Chairman
and Chief Executive Officer of LendingTree from those in effect immediately following the Effective Date, excluding for this purpose any such change that is an isolated and inadvertent action not
taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Employee, (ii) a material reduction in Employee's annual base salary, (iii) a
relocation of Employee's principal place of business more than 25 miles from whichever of either the Charlotte, North Carolina or New York, New York metropolitan areas the Employee is then resident,
or (iv) a material breach by the Company of this Agreement, excluding for this purpose any such action that is an isolated and inadvertent action not taken in bad faith and that is remedied by
the Company promptly after receipt of notice thereof given by the Employee. Notwithstanding the foregoing, there shall be no Good Reason as it relates to the 

 

transitional
position of President and Chief Operating Officer of the Company prior to the LT Spin-Off. 

        (d)    TERMINATION BY THE COMPANY OTHER THAN FOR DEATH, DISABILITY OR CAUSE; RESIGNATION BY EMPLOYEE FOR GOOD
REASON.    Upon termination of Employee's employment with LendingTree prior to expiration of the Term (i) by the Company without Cause (other than for death or
Disability) or (ii) upon Employee's resignation for Good Reason (either such termination, a "Qualifying Termination"), subject to Employee's execution and non-revocation of a
general release of the Company and its affiliates substantially in the form attached hereto as Exhibit A and Employee's compliance with
Sections 2(a) through 2(e), (A) the Company shall pay Employee the Base Salary through the earlier of remainder of the Term or three (3) years from the date of termination;
(B) the Company shall pay Employee within 30 days of the date of such termination in a
lump sum in cash any Accrued Obligations (as defined in paragraph 1(f) below); (C) the vesting of all IAC restricted stock units held by Employee on the Effective Date shall be
accelerated in full; and (D) to the extent previously granted, the Company shall vest in full the LT Restricted Stock and the LT Options on the termination date and such options shall remain
exercisable for a period of twelve months from the date of such termination; provided that in no event shall Employee's resignation be for "Good Reason" unless (x) an event or circumstance set
forth in any of clauses (i) through (iv) of the definition thereof shall have occurred and Employee provides the Company with written notice thereof within forty-five
(45) days after Employee has knowledge of the occurrence or existence of such event or circumstance, which notice specifically identifies the event or circumstance that Employee believes
constitutes Good Reason, (y) the Company fails to correct the circumstance or event so identified within thirty (30) days after the receipt of such notice, and (z) Employee
resigns within ninety (90) days after the date of delivery of the notice referred to in clause (x) above. 

        (e)    MITIGATION; OFFSET.    In the event of a termination of Employee's employment prior to the end of the Term, in
no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of severance benefits or other compensation or benefits. If Employee obtains other
employment during the Term, the amount of any severance payments to be made to Employee under Sections 1(d) or 1(g) hereof after the date such employment is secured shall be offset by the
amount of compensation earned by Executive from such employment through the end of the Term. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company promptly
regarding Employee's employment status following termination and during the period encompassing the Term. 

        (f)    ACCRUED OBLIGATIONS.    As used in this Agreement, "Accrued Obligations" shall mean the sum of (i) any
portion of Employee's accrued but unpaid Base Salary through the date of death or termination of employment for any reason, as the case may be; (ii) any compensation previously earned but
deferred by Employee (together with any interest or earnings thereon) that has not yet been paid, (iii) any reasonable and necessary business expenses incurred by Employee prior to the date of
termination of employment but not yet reimbursed and (iv) any benefits earned by Employee but unpaid or unused at the date of termination of employment provided that the payout of these
benefits is consistent with the plans, policies, programs and practices of the Company at the date of termination of employment. 

        (g)    DELAY OR TERMINATION OF LT SPIN-OFF.    In the event that the Company has not filed a registration
statement for LendingTree relating to the LT Spin-Off with the Securities and Exchange Commission, or the Company determines not to proceed with the LT Spin-Off, in either case
on or before March 31, 2009, the Company shall notify Employee and Employee shall have the right to terminate his employment within sixty (60) days of such notice. The Company and
Employee agree that Employee's right to terminate under this Section 1(g) will be triggered if the LT Spin-Off will not include, over Employee's reasonable objection, both of the
Real Estate 

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business
and the Lending business that comprise LendingTree, whether due to the shut down or sale of either business, or otherwise; provided that if both such businesses as they exist at the time of
the LT Spin-Off are spun-off together by the deadline stated above, no termination right is triggered regardless of whether the particular components of the Real Estate
business or the Lending business differ from what exists on the Effective Date. If Employee exercises his termination right under this Section 1(g), subject to Employee's execution and
non-revocation of a general release of the Company and its affiliates substantially in the form attached hereto as Exhibit A and
Employee's compliance with Sections 2(a) through 2(e), upon payment by the Company of the Accrued Obligations, payment to Employee of the Base Salary for a period of six (6) months from
the date of termination and the vesting of equity as provided in Sections 3A(c)(ii) and (iii), the Company shall have no further obligations to Employee hereunder. 

        2.    CONFIDENTIAL INFORMATION; NON-COMPETE; NON-SOLICITATION; AND PROPRIETARY RIGHTS.    

        (a)    CONFIDENTIALITY.    Employee acknowledges that while employed by the Company Employee will occupy a position of
trust and confidence. Employee shall not, except as may be required to perform Employee's duties hereunder or as required by applicable law, disclose to others or use, whether directly or indirectly,
any Confidential Information. "Confidential Information" shall mean information about the Company or any of its subsidiaries or affiliates, and their clients and customers that is not disclosed by the
Company or any of its subsidiaries or affiliates for financial reporting purposes and that was learned by Employee in the course of employment with the Company or any of its subsidiaries or
affiliates, including without limitation any proprietary knowledge, trade secrets, data, formulae, information and client and customer lists and all papers, resumes, and records (including computer
records) of the documents containing such Confidential Information. Employee acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company and its
subsidiaries or affiliates, and that such information gives the Company and its subsidiaries or affiliates a competitive advantage. Employee agrees to deliver or return to the Company, at the
Company's request at any time or upon termination or expiration of Employee's employment or as soon thereafter as possible, all documents, computer tapes and disks, records, lists, data, drawings,
prints, notes and written information (and all copies thereof) furnished by the Company and its subsidiaries or affiliates or prepared by Employee in the course of Employee's employment by the Company
and its subsidiaries or affiliates. As used in this Agreement, "affiliates" shall mean any company controlled by, controlling or under common control with the Company. 

        (b)    NON-COMPETITION.    During the Term and for a period of 24 months beyond Employee's date of
termination of employment for any reason following the date hereof (the "Restricted Period"), Employee shall not, without the prior written consent of the Company, directly or indirectly, engage in or
become associated with a Competitive Activity. For purposes of this Section 2(b): (i) a "Competitive Activity" means any business or other endeavor, in any state of the United States or
a comparable jurisdiction in Canada or any other country, involving products or services that are the same or similar to the type of products or services that LendingTree is engaged in providing both
(x) as of the date hereof or at any time during the Term and (y) at any time during the twelve (12) month period preceding Employee's termination of employment, and
(ii) Employee shall be considered to have become "associated with a Competitive Activity" if Employee becomes directly or indirectly involved as an owner, principal, employee, officer,
director, independent contractor, representative, stockholder, financial backer, agent, partner, member, advisor, lender, or in any other individual or representative capacity with any individual,
partnership, corporation or other organization that is engaged in a Competitive Activity. Notwithstanding the foregoing, (i) Employee may make and retain investments during the Restricted
Period, for investment purposes only, in less than one percent (1%) of the outstanding 

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capital
stock of any publicly-traded corporation engaged in a Competitive Activity if the stock of such corporation is either listed on a national stock exchange or on the NASDAQ National Market
System if Employee is not otherwise affiliated with such corporation and (ii) Employee may become employed by a partnership, corporation or other organization that is engaged in a Competitive
Activity so long as Employee has no direct or indirect responsibilities or involvement in the Competitive Activity. 

        (c)    NON-SOLICITATION OF EMPLOYEES.    During the Restricted Period, Employee shall not, without the
prior written consent of the Company, directly or indirectly, hire or recruit or solicit the employment or services of (whether as an employee, officer, director, agent, consultant or independent
contractor), any employee, officer, director, agent, consultant or independent contractor of the Company or any of its subsidiaries or affiliates (except for such employment or hiring by the Company
or any of its subsidiaries or affiliates); provided, however, that this Section 2(c) shall not apply to any hiring which results solely from a
general solicitation of employment that was not directed to employees of the Company or any of its subsidiaries or affiliates. 

        (d)    NON-SOLICITATION OF BUSINESS PARTNERS.    During the Restricted Period, Employee shall not, without
the prior written consent of the Company, directly or indirectly, solicit, attempt to do business with, or do business with any business partners or business affiliates of the Company or any of its
subsidiaries or those affiliates of the Company that are engaged in a Competitive Activity, or encourage (regardless of who initiates the contact) any such business partners or business affiliates to
use the services of any competitor of the Company, its subsidiaries or affiliates. 

        (e)    PROPRIETARY RIGHTS; ASSIGNMENT.    All Employee Developments shall be made for hire by Employee for the Company
or any of its subsidiaries or affiliates. "Employee Developments" means any idea, discovery, invention, design, method, technique, improvement, enhancement, development, computer program, machine,
algorithm or other work or authorship that (i) relates to the business or operations of the Company or any of its subsidiaries or affiliates, or (ii) results from or is suggested by any
undertaking assigned to the Employee or work performed by the Employee for or on behalf of the
Company or any of its subsidiaries or affiliates, whether created alone or with others, during or after working hours. All Confidential Information and all Employee Developments shall remain the sole
property of the Company or any of its subsidiaries or affiliates. The Employee shall acquire no proprietary interest in any Confidential Information or Employee Developments developed or acquired
during the Term. To the extent the Employee may, by operation of law or otherwise, acquire any right, title or interest in or to any Confidential Information or Employee Development, the Employee
hereby assigns to the Company all such proprietary rights. The Employee shall, both during and after the Term, upon the Company's request, promptly execute and deliver to the Company all such
assignments, certificates and instruments, and shall promptly perform such other acts, as the Company may from time to time in its discretion deem necessary or desirable to evidence, establish,
maintain, perfect, enforce or defend the Company's rights in Confidential Information and Employee Developments. 

        (f)    COMPLIANCE WITH POLICIES AND PROCEDURES.    During the Term, Employee shall adhere to the policies and
standards of professionalism set forth in the Company's policies and procedures as they may exist from time to time. 

        (g)    REMEDIES FOR BREACH.    Employee expressly agrees and understands that Employee will notify the Company in
writing of any alleged breach of this Agreement by the Company, and the Company will have 30 days from receipt of Employee's notice to cure any such breach. 

        Employee
expressly agrees and understands that the remedy at law for any breach by Employee of this Section 2 will be inadequate and that damages flowing from such breach are not
usually susceptible 

4

 

to
being measured in monetary terms. Accordingly, it is acknowledged that upon Employee's violation of any provision of this Section 2, in addition to any remedy that the Company may have at
law, the Company shall be entitled to obtain from any court of competent jurisdiction immediate injunctive relief and obtain a temporary order restraining any threatened or further breach as well as
an equitable accounting of all profits or benefits arising out of such violation. Nothing in this Section 2 shall be deemed to limit the Company's remedies at law or in equity for any breach by
Employee of any of the provisions of this Section 2, which may be pursued by or available to the Company. 

        (h)    SURVIVAL OF PROVISIONS.    The obligations contained in this Section 2 shall, to the extent provided in
this Section 2, survive the termination or expiration of Employee's employment with the Company and, as applicable, shall be fully enforceable thereafter in accordance with the terms of this
Agreement. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 2 is excessive in duration or scope or is unreasonable or unenforceable
under the laws of that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of
that state. If any of the covenants of this Section 2 are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way diminish
the rights of the Company or its affiliates, as applicable, to enforce any such covenant in any other jurisdiction. 

        3.    WAIVER OF PRIOR AGREEMENTS.    This Agreement constitutes the entire agreement between the parties, and Employee
acknowledges that he has waived, effective as of the Effective Date, any and all rights under prior agreements and understandings (whether written or oral) between Employee and LendingTree or the
Company with respect to the subject matter of this Agreement, other than the Shares Agreement, as modified by the Prior Agreement, and the provisions of the Prior Agreement referred to in
Section 3A(c)(i). In addition, Employee acknowledges that notwithstanding the foregoing, Employee shall continue to be subject to those terms of the Prior Agreement which survive the
termination of such agreement, and those restrictive covenants in the Prior Agreement that begin to run from Employee's date of termination, shall run from the Effective Date concurrently with any
similar covenants contained herein. Employee acknowledges and agrees that neither the Company nor anyone acting on its behalf has made, and is not making, and in executing this Agreement, the Employee
has not relied upon, any representations, promises or inducements except to the extent the same is expressly set forth in this Agreement. 

        4.    ASSIGNMENT; SUCCESSORS.    This Agreement is personal in its nature and none of the parties hereto shall,
without the consent of the others, assign or transfer this Agreement or any rights or obligations hereunder; provided, that the Company shall assign the
Agreement to LT Parent no later than the date of the LT Spin-Off and provided, further, that in the event of a merger, consolidation,
transfer, reorganization, or sale of all, substantially all or a substantial portion of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to the
provisions hereof, be binding upon and inure to the benefit of such successor and such successor (including LT Parent upon assignment of this Agreement) shall discharge and perform all the promises,
covenants, duties, and obligations of the Company hereunder, and all references herein to the "Company" shall refer to such successor. 

        5.    WITHHOLDING.    The Company shall make such deductions and withhold such amounts from each payment and benefit
made or provided to Employee hereunder, as may be required from time to time by applicable law, governmental regulation or order. 

        6.    HEADING REFERENCES.    Section headings in this Agreement are included herein for convenience of reference only
and shall not constitute a part of this Agreement for any other purpose. References to "this Agreement" or the use of the term "hereof" shall refer to these Standard Terms and Conditions and the
Employment Agreement attached hereto, taken as a whole. 

5

 

        7.    WAIVER; MODIFICATION.    Failure to insist upon strict compliance with any of the terms, covenants, or
conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power
hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at
any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto. 

        8.    SEVERABILITY.    In the event that a court of competent jurisdiction determines that any portion of this
Agreement is in violation of any law or public policy, only the portions of this Agreement that violate such law or public policy shall be stricken. All portions of this Agreement that do not violate
any statute or public policy shall continue in full force and effect. Further, any court order striking any portion of this Agreement shall modify the stricken terms as narrowly as possible to give as
much effect as possible to the intentions of the parties under this Agreement. 

        9.    INDEMNIFICATION.    The Company shall indemnify and hold Employee harmless for acts and omissions in Employee's
capacity as an officer, director or employee of the Company to the maximum extent permitted under applicable law; provided,  however, that neither the
Company, nor any of its subsidiaries or affiliates shall indemnify Employee for any losses incurred by Employee as a result of
acts that would constitute Cause under Section 1(c) of this Agreement. This Section 9 shall survive the termination or expiration of Employee's employment with the Company and, as
applicable, shall be fully enforceable thereafter in accordance with the terms of this Agreement. 

        10.    SECTION 409A OF THE CODE.    The benefits provided under this Agreement shall comply with
Section 409A of the Code and the regulations thereunder. To the extent so required in order to comply with Section 409A of the Code, (i) amounts and benefits to be paid or
provided under this Agreement shall be paid or provided to Employee in a single lump sum on the first business day after the date that is six months following the date of termination of Employee's
employment or shall begin six months and one day following the date of termination, and (ii) the Company and Employee agree to amend or modify this Agreement and any agreements relating hereto
(including any award agreement with respect to equity compensation described in Section 3A(c)) as may be necessary to comply with Section 409A of the Code. 

6

  
ACKNOWLEDGED AND AGREED: 

	Date:	 	IAC/INTERACTIVECORP
	

 	
 	

 	

 
	 	 	
 By:

Title:
	

 	
 	

 	

 
	 	 	
 DOUGLAS R. LEBDA

  EXHIBIT A  

FORM OF RELEASE AGREEMENT 

        This
Release Agreement ("Release") is entered into as of this             day of                  ,
hereinafter "Execution Date", by and between [Employee Full
Name] (hereinafter "Employee"), and [IAC/InterActiveCorp][LendingTree] (hereinafter, the "Company"). The Employee and the Company are
sometimes collectively referred to as the "Parties". 

	1.
	The
Employee's employment with the Company is terminated effective [Month, Day, Year] (hereinafter "Termination Date"). The Parties have agreed to avoid and
resolve any alleged existing or potential disagreements between them arising out of or connected with the Employee's employment with the Company including the termination thereof. The Company
expressly disclaims any wrongdoing or any liability to the Employee.

	2.
	The
Company agrees to provide the Employee the severance benefits provided for in Section [3A(e)][1(d)][1(g)] of
his/her Employment Agreement (the "Severance Benefits") with the Company, dated as of [            ], after he/she executes this Release [FOR 40+ and does not
revoke it as permitted in Section 8 below, the expiration of such revocation period being the "Effective Date")].

	3.
	Employee
represents that he/she has not filed, and will not file, any complaints, lawsuits, administrative complaints or charges relating to her employment with, or resignation from,
the Company, excluding any action to enforce the Employment Agreement as it relates to the provision of the Severance Benefits or to Sections 3A(d) or 9[;  provided, however, that nothing contained in this Section 3 shall prohibit you from bringing a
claim to challenge the validity of the ADEA Release in Section 8 herein]. Employee agrees to release the Company, its subsidiaries, affiliates, and their respective parents, direct
or indirect subsidiaries, divisions, affiliates and related companies or entities, regardless of its or their form of business organization, any predecessors, successors, joint ventures, and parents
of any such entity, and any and all of their respective past or present shareholders, partners, directors, officers, employees, consultants, independent contractors, trustees, administrators,
insurers, agents, attorneys, representatives and fiduciaries, including without limitation all persons acting by, through, under or in concert with any of them (collectively, the "Released Parties"),
from any and all claims, charges, complaints, causes of action or demands of whatever kind or nature that Employee now has or has ever had against the Released Parties, whether known or unknown,
arising from or relating to Employee's employment with or discharge from the Company, including but not limited to: wrongful or tortious termination; constructive discharge; implied or express
employment contracts and/or estoppel; discrimination and/or retaliation under any federal, state or local statute or regulation, specifically including any claims Employee may have under the Fair
Labor Standards Act, the Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964 as amended, and the Family and Medical Leave Act; the discrimination or other employment 

 

laws
of the State of [            ]*; any claims brought under any federal or state statute or regulation for non-payment of wages or other compensation,
including grants of stock options or any other equity compensation; and libel, slander, or breach of contract other than the breach of this Release. This Release specifically excludes claims, charges,
complaints, causes of action or demand that post-date the Termination Date [or the Effective Date, whichever is later]. 

	4.
	Employee
agrees to keep the fact that this Release exists and the terms of this Release in strict confidence except to his/her immediate family and his/her financial and legal advisors
on a need-to-know basis.

	5.
	Employee
warrants that no promise or inducement has been offered for this Release other than as set forth herein and that this Release is executed without reliance upon any other
promises or representations, oral or written. Any modification of this Release must be made in writing and be signed by Employee and the Company.

	6.
	Employee
will direct all employment verification inquiries to [HR Rep]. In response to inquiries regarding Employee's employment with the Company, the Company
by and through its speaking agent(s) agrees to provide only the following information: Employee's date of hire, the date her employment ended and rates of pay.

	7.
	If
any provision of this Release or compliance by Employee or the Company with any provision of the Release constitutes a violation of any law, or is or becomes unenforceable or void,
then such provision, to the extent only that it is in violation of law, unenforceable or void, will be deemed modified to the extent necessary so that it is no longer in violation of law,
unenforceable or void, and such provision will be enforced to the fullest extent permitted by law. If such modification is not possible, such provision, to the extent that it is in violation of law,
unenforceable or void, will be deemed severable from the remaining provisions of this Release, which provisions will remain binding on both Employee and the Company. This Release is governed by, and
construed and interpreted in accordance with the laws of the State of [            ], without regard to principles of conflicts of law. Employee consents to venue and
personal jurisdiction in the State of [            ] for disputes arising under this Release. This Release represents the entire understanding with the Parties with respect
to subject matter herein, no oral representations have been made or relied upon by the Parties.

	8.
	[FOR
EMPLOYEES OVER 40 ONLY—In further recognition of the above, Employee hereby releases and discharges the Released Parties from any and all claims, actions
and causes of action that he/she may have against the Released Parties, as of the date of the execution of this Release, arising under the Age Discrimination in Employment Act of 1967, as amended
("ADEA"), and the applicable rules and regulations promulgated thereunder. The Employee acknowledges and understands that ADEA is a federal statute that prohibits discrimination on the basis of age in
employment, benefits and benefit plans. Employee specifically agrees and acknowledges that: (A) the release in this Section 8 was granted in exchange for the receipt of consideration
that exceeds the amount to which he/she would
  

	*
	Insert
state of employment. 

2

 

otherwise
be entitled to receive upon termination of his/her employment; (B) his/her waiver of rights under this Release is knowing and voluntary as required under the Older Workers Benefit
Protection Act; (B) that he/she has read and understands the terms of this Release; (C) he/she has hereby been advised in writing by the Company to consult with an attorney prior to
executing this Release; (D) the Company has given him/her a period of up to twenty-one (21) days within which to consider this Release, which period shall be waived by the
Employee's voluntary execution prior to the expiration of the twenty-one day period; and (E) following his/her execution of this Release he/she has seven (7) days in which to
revoke his/her release as set forth in this Section 8 only and that, if he/she chooses not to so revoke, the Release in this Section 8 shall then become effective and enforceable and the
payment listed above shall then be made to his/her in accordance with the terms of this Release. To cancel this Release, Employee understands that he/she must give a written revocation to the General
Counsel of the Company at [            ]†, either by hand delivery or certified mail within the seven-day period. If he/she rescinds
the Release, it will not become effective or enforceable and he/she will not be entitled to any benefits from the Company.] 

	9.
	EMPLOYEE ACKNOWLEDGES AND AGREES THAT HE/SHE HAS CAREFULLY READ AND VOLUNTARILY SIGNED THIS RELEASE, THAT HE/SHE HAS HAD AN OPPORTUNITY TO CONSULT WITH AN
ATTORNEY OF HIS/HER CHOICE, AND THAT HE/SHE SIGNS THIS RELEASE WITH THE INTENT OF RELEASING THE COMPANY, ITS AFFILIATES, SUBSIDIARIES AND THEIR RESPECTIVE SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES
AND AGENTS FROM ANY AND ALL CLAIMS.

ACCEPTED
AND AGREED TO: 

	
 [Company Name]	 	
 [Employee Full Name]
	

Dated:	

 	
 	

Dated:	

 
	 	
	 	 	

	 

	†
	Insert
address. 

3

QuickLinks

Exhibit 10.2QuickLinks
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Exhibit 10.3    
    

OFFICEMAX INCORPORATED

2008 Restricted Stock Unit Award Agreement—Time Based

Elected Officers (U.S.)  

        This Restricted Stock Unit Award (the "Award") is granted on «insert award
date» (the "Award Date") by OfficeMax Incorporated ("OfficeMax") to «insert name» ("Awardee"
or "you") pursuant to the 2003 OfficeMax Incentive and Performance Plan (the "Plan") and the following terms of this agreement (the "Agreement"): 

	1.
	Terms and Conditions.    The Award is subject to all the terms and conditions of the Plan. All capitalized terms not defined
in this Agreement shall have the meaning stated in the Plan. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control unless
this Agreement explicitly states that an exception to the Plan is being made.

	2.
	Award.    You are hereby awarded «insert RSUs»
restricted stock units, at no cost to you, subject to the restrictions set forth in the Plan and this Agreement.

	3.
	Restriction Period.    Your Award is subject to a three-year restriction period (the "Restriction Period"). Subject to the
provisions of this Agreement and the Plan, 100% of the restricted stock units granted pursuant to this Award shall vest on February 19, 2011 and be paid as soon as practical thereafter. In no
event shall payment be made later than March 15, 2012. Notwithstanding any provision in the Plan or this Agreement to the contrary, however, if, in the good faith determination of OfficeMax
(which shall be made immediately prior to the scheduled vesting date), some or all of the remuneration attributable to the payment of the Award shall fail to be deductible by OfficeMax for federal
income tax purposes pursuant to Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"), the nondeductible amount of such payment shall be automatically deferred (the
"Automatic Deferral") until the first day following the three month anniversary of your termination of employment. However, if you are a "specified employee," as determined pursuant to Code
Section 409A, payment shall be automatically deferred until the first day following the six month anniversary of your termination of employment. Except as provided in paragraph 4, upon
your voluntary or involuntary termination of employment for any reason prior to completing three years of service, all restricted stock units will be immediately forfeited.

	4.
	Termination of Employment During Restriction Period.

	a.
	Pro Rata Vesting.    Notwithstanding paragraph 3, if your termination of employment occurs before February 19,
2011 and:

	i.
	you
terminate employment as a result of your death or total and permanent disability,

	ii.
	you
are involuntarily terminated in a situation qualifying you for severance payments under an OfficeMax plan, or

	iii.
	you
voluntarily terminate employment and, at the time of your termination, you are at least age 55 and have at least 10 years of employment with OfficeMax, 

then
a pro rata portion of the unvested restricted stock units that would have otherwise vested as determined under paragraph 3 on February 19, 2011 will vest based on the number of full
months of your employment with OfficeMax since the Award Date over 36 months. Following such pro rata vesting, any remaining unvested restricted stock units will be immediately forfeited. 

1

 

Except
as provided in paragraph 6, this pro rata amount will be paid during the 90 days following February 19, 2011. 

	b.
	Six-Month Minimum Employment Requirement.    Notwithstanding subparagraph a. above, you must be employed with OfficeMax
for a minimum of six months during fiscal years 2008 and/or 2009 to be eligible for pro rata vesting.

	5.
	Share Payment.    Vested restricted stock units will be paid to you in whole shares of OfficeMax common stock. Partial shares,
if any, will be paid in cash.

	6.
	Change in Control.    In the event of a Change in Control prior to February 19, 2011, the continuing entity may either
continue this Award or replace this Award with an award of substantially equivalent value with terms and conditions not less favorable than the terms and conditions provided in this Agreement, in
which case the Award will vest according to the terms of the applicable Award Agreement. Notwithstanding the terms of the Plan, if the continuing entity does not so continue or replace this Award, or
if you experience a "qualifying termination" all units not vested at the time of the Change in Control or your termination (as applicable) will vest immediately. Payment shall be made as soon as
practical but in no event later than March 15 of the year following the year in which the Change in Control or "qualifying termination" (as applicable) occurred. However, if you are a
"specified employee," as determined pursuant to Code Section 409A and regulations issued thereunder, to the extent amounts are (i) payable to you upon a "qualifying termination" and
(ii) such amounts are subject to Code Section 409A, payment shall be made on the first day following the six month anniversary of your termination of employment. "Change in Control" and
"qualifying termination" shall be defined in an agreement providing specific benefits upon a change in control or in the Plan. Notwithstanding the foregoing, to the extent any amount payable pursuant
to paragraph 3 constitutes deferred compensation under Code Section 409A, the definition of "Change in Control" provided in Appendix A shall apply.

	7.
	Nontransferability.    The units awarded pursuant to this Agreement cannot be sold, assigned, pledged, hypothecated,
transferred, or otherwise encumbered prior to vesting. Any attempt to transfer your rights in the awarded units prior to vesting will result in the immediate forfeiture of the units. Subject to the
approval of OfficeMax in its sole discretion, units may be transferable to members of the immediate family of the participant and to one or more trusts for the benefit of such family members,
partnerships in which such family members are the only partners, or corporations in which such family members are the only stockholders.

	8.
	Stockholder Rights.    You will not receive dividends or dividend units on the awarded units. With respect to the awarded
units, you are not a shareholder and do not have any voting rights until the units vest and shares are recorded as issued on OfficeMax's official stockholder records.

	9.
	Payment of Taxes.    The amount of shares to be paid to you will be reduced by that number of shares having a Fair Market
Value equal to the required minimum federal and state withholding amounts triggered by the lapse of restrictions. To the extent a fractional share is needed to satisfy such tax withholding, the number
of shares withheld will be rounded up to the next whole number. Alternatively, you may elect within 60 calendar days from the Award Date to satisfy such withholding requirements in cash. You
acknowledge and agree that you are responsible for the tax consequences associated with the award of units and lapse of the Restriction Period.

	10.
	Non-Solicitation and Non-Compete.    For the period beginning on the Award Date and ending one year following your
termination of employment with OfficeMax, you will not (i) directly or indirectly employ, recruit or solicit for employment any person who is (or was within six (6) months prior to your
employment termination date) an employee of OfficeMax, an Affiliate or Subsidiary; or (ii) commence Employment with any Competitor in a substantially similar capacity to any position you held
with OfficeMax during the last 12 months of your employment with 

2

 

OfficeMax.
If you violate the terms of this section at any time, you will forfeit, as of the first day of any such violation, all right, title and interest to the units and any shares you own in
settlement of your restricted stock units on or after such date. OfficeMax shall have the right to issue a stop transfer order and other appropriate instructions to its transfer agent with respect to
these restricted stock units, and OfficeMax further will be entitled to reimbursement of any fees and expenses (including attorneys' fees) incurred by or on behalf of OfficeMax in enforcing its rights
under this paragraph 10. By accepting this Award, you consent to a deduction from any amounts OfficeMax, an Affiliate or Subsidiary owes to you (including wages or other compensation, fringe benefits,
or vacation pay, as well as other amounts owed to you), to the extent of any amounts that you owe to OfficeMax under this paragraph 10. If OfficeMax does not recover by means of set-off the
full amount owed to OfficeMax, you agree to pay immediately the unpaid balance to OfficeMax. 

	a.
	"Competitor"
means any business, foreign or domestic, which is engaged, at any time relevant to the provisions of this Agreement, in the sale or distribution of products, or in the
provision of services in competition with the products sold or distributed or services provided by OfficeMax, an Affiliate, Subsidiary, partnership, or joint venture of OfficeMax. The determination of
whether a business is a Competitor shall be made by OfficeMax's General Counsel, in his or her sole discretion.

	b.
	"Employment"
means providing significant services as an employee or consultant, or otherwise rendering services of a significant nature for remuneration, to a Competitor.

	11.
	Use of Personal Data.    By executing this Agreement, you hereby agree freely, and with your full knowledge and consent, to
the collection, use, processing and transfer (collectively, the "Use") of certain personal data such as your name, salary, nationality, job title, position evaluation rating along with details of all
past awards and current awards outstanding under the Plan (collectively, the "Data"), for the purpose of managing and administering the Plan. You further acknowledge and agree that OfficeMax and/or
any of its Affiliates may make Use of the Data amongst themselves and/or any other third parties assisting OfficeMax in the administration and management of the Plan (collectively, the "Data
Recipients"). In keeping therewith, you hereby further authorize any Data Recipient, including Data Recipients located in foreign jurisdictions, to continue to make Use of the Data, in electronic or
other form, for the purposes of administering and managing the Plan, including without limitation, any necessary Use of such Data as may be required for the subsequent holding of shares on your behalf
by a broker or other third party with whom you may elect to deposit any shares acquired through the Plan. 

OfficeMax
shall, at all times, take all commercially reasonable efforts to ensure that appropriate safety measures shall be in place to ensure the confidentiality of the Data, and that no Use will be
made of the Data for any purpose other than the administration and management of the Plan. You may, at any time, review your Data and request necessary amendments to such Data. You may withdraw your
consent to Use of the Data herein by notifying OfficeMax in writing at the address specified in paragraph 12; however by withdrawing your consent to use Data, you may affect your eligibility to
participate in the Plan. 

By
executing this Agreement you hereby release and forever discharge OfficeMax from any and all claims, demands, actions, causes of action, damages, liabilities, costs, losses and expenses arising out
of, or in connection with, the Use of the Data including, without limitation, any and all claims for invasion of privacy, defamation and any other personal, moral and/or property rights. 

3

 
	12.
	Acceptance of Terms and Conditions.    You must sign this Agreement and return it to OfficeMax's Compensation Department on or before
«insert date», or the Award will be forfeited. Return your executed Agreement to: Latrice Greyer by mail at OfficeMax, 263 Shuman Boulevard, Naperville, Illinois 60563
or by fax at 1-630-647-3722.  

	OfficeMax Incorporated	 	Awardee
	

By:	
 	

 
 Perry Zukowski

Executive Vice President, Human Resources	
 	

Signature:	
 	

 

	 	 	 	 	Printed Name:	 	 

	

 	
 	

 	
 	

Employee ID:	
 	

 

4

  APPENDIX A  

To
the extent any amount payable under this Award constitutes deferred compensation subject to Code Section 409A, the following definition of "Change in Control" shall apply: 

	1.
	Change in Control.    A "Change in Control" means, with respect to OfficeMax or Subsidiary, the occurrence of any one of the
following dates, interpreted consistent with Treasury Regulation Section 1.409A-3(i)(5).

	a.
	Change in Ownership.    The date any one Person, or more than one Person Acting as a Group, acquires ownership of stock of
OfficeMax or Subsidiary that, together with stock held by such Person or Group, constitutes more than 50% of the total fair market value or total voting power of the stock of OfficeMax or Subsidiary,
as the case may be. Notwithstanding the foregoing, for purposes of this paragraph, if any one Person, or more than one Person Acting as a Group, is considered to own more than 50% of the total fair
market value or total voting power of the stock of OfficeMax or Subsidiary, as the case may be, the acquisition of additional stock by the same Person or Persons is not considered to cause a Change in
Control.

	b.
	Change in Effective Control.

	i.
	The
date any one Person, or more than one Person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such
Person or Persons) ownership of stock of OfficeMax or Subsidiary possessing 30% or more of the total voting power of the stock of OfficeMax or Subsidiary, as the case may be. Notwithstanding the
foregoing, for purposes of this subparagraph, if any one Person, or more than one Person Acting as a Group, is considered to effectively control OfficeMax or Subsidiary, as the case may be, the
acquisition of additional control of OfficeMax or Subsidiary, as the case may be, by the same Person or Persons is not considered to cause a Change in Control; or

	ii.
	The
date a majority of the members of OfficeMax's Board is replaced during any one year period by directors whose appointment or election is not endorsed by a majority of the members
of OfficeMax's Board before the date of the appointment or election.

	c.
	Change in Ownership of a Substantial Portion of OfficeMax's or Subsidiary's Assets.    The date any one Person, or more than
one Person Acting as a Group, acquires (or has acquired during the one year period ending on the date of the most recent acquisition by such Person or Persons) assets from OfficeMax or Subsidiary that
have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of OfficeMax or Subsidiary, as the case may be, immediately before such
acquisition or acquisitions. For purposes of this paragraph (c), "gross fair market value" means the value of the assets of OfficeMax or Subsidiary, as the case may be, or the value of the
assets being disposed of, determined without regard to any liabilities associated with such assets. Notwithstanding the foregoing, a transfer of assets is not treated as a Change in Control if the
assets are transferred to:

	i.
	An
entity that is controlled by the shareholders of the transferring corporation;

	ii.
	A
shareholder of OfficeMax or Subsidiary, as the case may be, (immediately before the asset transfer) in exchange for or with respect to its stock;

	iii.
	An
entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by OfficeMax or Subsidiary, as the case may be;

	iv.
	A
Person, or more than one Person Acting as a Group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of OfficeMax or
Subsidiary, as the case may be; or 

	v.
	An
entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause iv.

	2.
	Definitions of "Person" and "Acting as a Group."    For purposes of this Appendix, "Person" shall have the meaning set forth
in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). For purposes of this Appendix, Persons shall be considered to be "Acting as a Group" if they
are owners of a corporation that enter into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with OfficeMax or Subsidiary. If a Person, including an entity,
owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock, or similar transaction, such shareholder is considered to be Acting as a Group with the other
shareholders only with respect to the ownership in that corporation before the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.
Notwithstanding the foregoing, Persons shall not be considered to be Acting as a Group solely because they purchase or own stock of the same corporation at the same time, or as a result of the same
public offering. 

QuickLinks

Exhibit 10.3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]