Document:

EX-10.2

 Exhibit 10.2 
  

 
  

RESTRICTED SHARE AGREEMENT 

 
  

 
 On this, the 10th day of March 2017
(the “Grant Date”), Actua Corporation (“Actua,” and together with its wholly-owned subsidiary, Actua USA Corporation, the “Company”) hereby grants to [•] (“Grantee”) a
restricted share award (the “Award”) of [•] shares (the “Shares”) of the common stock of Actua, subject to the restrictions below and pursuant to and subject to the terms and conditions of the Actua
Seventh Amended and Restated 2005 Omnibus Equity Compensation Plan (as such may be amended from time to time, the “Plan”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such
terms in the Plan. 
 1. Vesting and Term. 

(a) On or before March 12, 2018, the Compensation Committee of Actua’s Board of Directors (the “Board”) (such
committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua has achieved the 2017 performance goals outlined in the Actua 2017 Performance Plan adopted by the Board on March 10, 2017 (the
“Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 100% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall
vest on March 12, 2018. If the Earned Percentage is more than 0% but less than 100%, a number of Shares equal to the product of (i) the Earned Percentage and (ii) the aggregate number of Shares (excluding any Shares forfeited pursuant
to Section 1(d) below) shall vest on March 12, 2018. On March 12, 2018, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall be automatically forfeited. 

(b) Change in Control. The provisions of the Plan applicable to a Change of Control (as defined in the Plan) shall apply to the Shares,
and, in the event of a Change of Control, the Committee may take such actions as it deems appropriate pursuant to the Plan. 
 (c) Effect
of Termination for Cause. In the event Grantee’s employment is terminated for Cause (as defined below), all of the Shares shall be automatically forfeited upon termination. “Cause” shall mean a finding by the Committee that
(i) Grantee has breached any employment, service, noncompetition, nonsolicitation, confidentiality or other similar contract between Grantee and the Company or (ii) Grantee has engaged in disloyalty to the Company, including, without
limitation, fraud, embezzlement, theft, commission of a felony or dishonesty in the course of Grantee’s employment or service. Notwithstanding the foregoing, if Grantee has an employment agreement with the Company defining “Cause,”
then such definition shall supersede the foregoing definition. 
 (d) Effect of Termination Other Than for Cause. In the event
Grantee’s employment terminates prior to December 31, 2017 other than for Cause, a number of Shares shall be automatically forfeited on the date of termination equal to product of (i) the number of Shares initially subject to this
Award and (ii) a fraction, the numerator of which is the number of days between the date of termination and December 31, 2017, and denominator of which is 365. 

2. Non-Transferability of Award. Grantee may not assign, transfer, pledge or otherwise dispose
of the Shares prior to vesting. Any attempt to assign, transfer, pledge or otherwise dispose of the unvested Shares contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the unvested Shares, shall be
null and void and without effect. 
  

 3. Right to Vote and to Receive Dividends. Grantee shall have the right to vote unvested
Shares and receive any cash dividends or other cash distributions paid on unvested Shares provided that such Shares have not been forfeited. In the event of a dividend or distribution payable in stock or other property, a reclassification, stock
split or similar event during the period in which the Shares are unvested, the shares or other property issued or delivered with respect to the unvested Shares shall be subject to the same terms and conditions relating to vesting, forfeiture and non-transferability as the Shares to which they relate. 
 4. Incorporation by Reference;
Definitions. This Award shall be subject to the terms, conditions and limitations of the Plan, which are incorporated herein by reference. In the event of any contradiction, distinction or difference between this Restricted Share Agreement and
the terms of the Plan, the terms of the Plan shall control. Except as otherwise defined in this Restricted Share Agreement, the terms used in this Restricted Share Agreement shall have the meanings set forth in the Plan. The Award is subject to the
interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations
with respect to the withholding of taxes, (b) the registration, qualification or listing of the Shares, (c) changes in capitalization of Actua, and (d) other requirements of applicable law. The Committee shall have the authority to
interpret and construe the Award pursuant to the terms of the Performance Plan and the Plan, its decisions shall be conclusive as to any questions arising hereunder, and Grantee’s acceptance of this Award is Grantee’s agreement to be bound
by the interpretations and decisions of the Committee with respect to this Award, the Performance Plan and the Plan. 
 5. Issuance of
Certificates. The Company shall hold non-certificated shares until the Shares vest. If and when Grantee obtains a vested right to any of the Shares, the vested Shares shall be issued in electronic form,
free of the restrictions set forth in this Restricted Share Agreement. 
 6. Withholding. Grantee is required to pay to the Company,
or make other arrangements satisfactory to the Company to provide for the payment of, any federal, state, local or other taxes that the Company is required to withhold with respect to the grant or vesting of this Award. Subject to Committee
approval, any tax withholding obligation of the Company with respect to this Award shall be satisfied by having shares withheld up to an amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA), state,
local and other tax liabilities. 
 7. No Employment or Other Rights. This Award shall not confer upon Grantee any right to be
retained by or in the employ or service of the Company or its parent or subsidiaries and shall not interfere in any way with the right of the Company or its parent or subsidiaries to terminate Grantee’s employment or service at any time. The
right of the Company or its parent or subsidiaries to terminate at will Grantee’s employment or service at any time for any reason is specifically reserved. 

8. Assignment by Company. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company
and to the Company’s parent or subsidiaries and affiliates. This Award may be assigned by the Company without Grantee’s consent. 

9. Governing Law. This Restricted Share Agreement shall be deemed to be made under and shall be construed in accordance with the laws
of the State of Delaware. 
 10. Notice. All notices hereunder shall be in writing, and if to the Company or the Committee, shall be
delivered to the Board or mailed to Actua’s principal office, addressed to the attention of the Board; and if to Grantee, shall be delivered personally sent by facsimile transmission or mailed to Grantee at the address appearing in the records
of the Company. Such addresses may be changed at any time by written notice to the other party given in accordance with this Paragraph 10. 

[Signature page follows.] 

  
 -2- 

 IN WITNESS WHEREOF, the undersigned have executed this Restricted Share Agreement as of the date
first set forth above. 
  

			
	ACTUA USA CORPORATION
		
	By:	 	  

		 	[•]
		 	[•]
	
	ACTUA CORPORATION
		
	By:	 	  

		 	[•]
		 	 [•]

 The undersigned hereby accepts the Share Award described in this Restricted Share Agreement. The undersigned
has read the terms of the Performance Plan, the Plan and this Restricted Share Agreement, and agrees to be bound by the terms of the Performance Plan, the Plan and this Restricted Share Agreement and the interpretations of the Committee with respect
thereto. 
  

	
	Accepted:
	  

	[•] (Grantee)

  
 -3-EX-10.3

 Exhibit 10.3 

March 10, 2017 
 Mr. R. Kirk Morgan 

c/o Actua Corporation 
 555 E. Lancaster Avenue, Suite 640 

Radnor, PA 19087     
 Dear Kirk: 

This letter agreement amends and restates the letter agreement dated December 16, 2014. I am very pleased to present the severance package that will be
made available to you, subject to the terms set forth herein, should the Actua USA Corporation (the “Company”) terminate you without Cause (as defined below) on or prior to December 31, 2020. The terms and benefits are set forth
below. 
 For purposes of this letter agreement, “Cause” shall mean a finding by the Compensation Committee of the Company’s parent, Actua
Corporation (“Actua”), that (i) you have breached your employment, service, restrictive covenant, noncompetition, nonsolicitation or other similar contract with Actua or the Company; (ii) you have been engaged in disloyalty to
Actua, the Company or any of their affiliates, including, without limitation, fraud, embezzlement, theft, commission of a felony or dishonesty in the course of your employment or service; (iii) you have disclosed trade secrets or confidential
information of Actua, the Company or any of their affiliates to persons not entitled to receive such information; or (iv) you have entered into competition with Actua, the Company or one of their affiliates. 

 

	 	•	 	SEVERANCE PAY – Unless payment is required to be delayed pursuant to paragraph (b) of “Section 409A of the Internal Revenue Code” below, within sixty (60) days after your termination of
employment, the Company will pay you a lump sum payment equal to twelve (12) months of base salary plus target bonus at the rate existing as of the date of termination of employment. 

 

	 	•	 	ANNUAL BONUS – Unless payment is required to be delayed pursuant to paragraph (b) of “Section 409A of the Internal Revenue Code” below, payment of a pro rated bonus shall be made if, as and
when bonuses are paid to other executives of the Company, provided that such payment, if any, shall be paid on or after the January 1 of the year following the year in which your termination of employment occurs, but not later than
March 15 of such year. 

  

	 	•	 	EMPLOYEE BENEFITS – The Company will continue to provide you and your family medical and dental insurance at the same percent of premium payment existing at the time of termination until the earlier of
(A) twelve (12) months after termination of employment; or (B) your eligibility for any of these benefits under another employer’s or spouse’s employer’s plan. 

 Mr. R. Kirk Morgan 

March 10, 2017 
 Page 2 of 3 

 

	 	•	 	OUTPLACEMENT – The Company will provide you outplacement career counseling until the earlier of (A) twelve months after termination of employment; and (B) your employment with a subsequent
employer. 

  

	 	•	 	EQUITY – Your Actua stock appreciation rights (“SARs”) and stock options shall be exercisable after your termination of employment until the earliest of (i) twenty-four (24) months, (ii)
twelve (12) months after the Actua share price is maintained at a price per share of $30.00 or greater (subject to adjustment for stock splits and the like) for twenty (20) consecutive trading days after termination of your employment and
(iii) the original termination date of each such SAR or stock option. 

  

	 	•	 	RELEASE – Availability of these severance benefits will be conditioned upon your executing, and not rescinding or breaching, upon termination of employment a release of liability in a form acceptable to the
Company. If you elect not to sign a release of liability, you will be eligible for the standard severance package applicable at that time. 

Section 409A of the Internal Revenue Code 

(a)    Interpretation. Notwithstanding the other provisions hereof, this Agreement is intended to comply with the requirements of Section
409A of the Code, to the extent applicable, and this Agreement shall be interpreted to avoid any penalty sanctions under Section 409A of the Code. Accordingly, all provisions herein, or incorporated by reference, shall be construed and interpreted
to comply with Section 409A and, if necessary, any such provision shall be deemed amended to comply with Section 409A of the Code and regulations thereunder. If any payment or benefit cannot be provided or made at the time specified herein without
incurring sanctions under Section 409A of the Code, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this
Agreement may only be made upon a “separation from service” under Section 409A of the Code. For purposes of Section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment and all installment
payments shall be treated as a separate payment. In no event may you, directly or indirectly, designate the calendar year of payment. 

(b)    Payment Delay. To the maximum extent permitted under section 409A of the Code, the severance benefits payable under this Agreement
are intended to comply with the “short-term deferral exception” under Treas. Reg. §1.409A-1(b)(4), and any remaining amount is intended to comply with the “separation pay exception”
under Treas. Reg. §1.409A-1(b)(9)(iii); provided, however, any amount payable to you during the six (6)-month period following your termination date that does not qualify within either of the foregoing
exceptions and is deemed as deferred compensation subject to the requirements of section 409A of the Code, then such amount shall hereinafter be referred to as the “Excess Amount.” If at the time of your termination of employment,
Actua’s (or any entity required to be aggregated with Actua under section 409A of the Code) stock is publicly-traded on an established securities market or otherwise and you are a “specified employee” (as defined in section 409A of
the Code and determined in the sole discretion 

 Mr. R. Kirk Morgan 

March 10, 2017 
 Page 3 of 3 

 

 
of Actua (or any successor thereto) in accordance with Actua’s (or any successor thereto) “specified employee” determination policy), then Actua shall postpone or cause to be
postponed the commencement of the payment of the portion of the Excess Amount that is payable within the six (6)-month period following your termination date with the Company (or any successor thereto) for six (6) months following your
termination date with the Company (or any successor thereto). The delayed Excess Amount shall be paid in a lump sum to you within ten (10) days following the date that is six (6) months following your termination date with the Company (or
any successor thereto). If you die during such six (6)-month period and prior to the payment of the portion of the Excess Amount that is required to be delayed on account of section 409A of the Code, such Excess Amount shall be paid to the personal
representative of your estate within sixty (60) days after your death. 
 We trust that our commitment to protect the financial security of you and
your family will strengthen your loyalty to Actua. Our sincere belief is that the current Actua team, including you, is outstanding and will drive our success against our business plan. This success will provide meaningful financial rewards to our
shareholders and employees. 
 This letter is not intended to modify your status as an at-will employee of the
Company and all other employment terms and conditions remain the same. 
 Sincerely, 

/s/ Walter W. Buckley, III 
 Walter W. Buckley, III 

Chief Executive Officer 
 Acknowledged and agreed as of 

March 10, 2017: 
 /s/ R. Kirk Morgan 

R. Kirk Morgan 
 cc: Employee file

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