Document:

<PAGE>

                                                                   Exhibit 10.33

                               REGISTER.COM, INC.
                            STOCK ISSUANCE AGREEMENT

         AGREEMENT made this 12th day of May, 2003, to be effective as of the
8th day of March 2003, by and between Register.com, Inc., a Delaware
corporation, and Jack S. Levy, a Participant in the Corporation's Amended and
Restated 2000 Stock Incentive Plan.

         All capitalized terms in this Agreement shall have the meaning assigned
to them in this Agreement or in the attached Appendix.

      A. PURCHASE OF SHARES

         1. Purchase. Participant hereby purchases 37,951 shares of Common Stock
(the "Purchased Shares") pursuant to the provisions of the Stock Issuance
Program at the purchase price of $0.0001 per share (the "Purchase Price").

         2. Payment. Concurrently with the delivery of this Agreement to the
Corporation, Participant shall pay the Purchase Price for the Purchased Shares
in cash or check payable to the Corporation and shall deliver a duly-executed
blank Assignment Separate from Certificate (in the form attached hereto as
Exhibit I) with respect to the Purchased Shares.

         3. Stockholder Rights. Until such time, if any, as the Corporation
exercises the Repurchase Right, Participant (or any successor in interest) shall
have all the rights of a stockholder (including voting, dividend and liquidation
rights) with respect to the Purchased Shares, subject, however, to the transfer
restrictions of this Agreement.

         4. Escrow. The Corporation shall have the right to hold the Purchased
Shares in escrow until those shares have vested in accordance with the Vesting
Schedule.

         5. Compliance with Law. Under no circumstances shall shares of Common
Stock or other assets be issued or delivered to Participant pursuant to the
provisions of this Agreement unless, in the opinion of counsel for the
Corporation or its successors, there shall have been compliance with all
applicable requirements of Federal and state securities laws, all applicable
listing requirements of any stock exchange (or the Nasdaq National Market, if
applicable) on which the Common Stock is at the time listed for trading and all
other requirements of law or of any regulatory bodies having jurisdiction over
such issuance and delivery.

      B. TRANSFER RESTRICTIONS

         1. Restriction on Transfer. Except for any Permitted Transfer,
Participant shall not transfer, assign, encumber or otherwise dispose of any of
the Purchased Shares while they are subject to the Repurchase Right.

<PAGE>

         2. Restrictive Legend. The stock certificate for the Purchased Shares
shall be endorsed with the following restrictive legend:

                           "The shares represented by this certificate are
         unvested and subject to certain repurchase rights granted to the
         Corporation and accordingly may not be sold, assigned, transferred,
         encumbered, or in any manner disposed of except in conformity with the
         terms of a written agreement dated as of March 8, 2003 between the
         Corporation and the registered holder of the shares (or the predecessor
         in interest to the shares). A copy of such agreement is maintained at
         the Corporation's principal corporate offices."

         3. Transferee Obligations. Each person (other than the Corporation) to
whom the Purchased Shares are transferred by means of a Permitted Transfer must,
as a condition precedent to the validity of such transfer, acknowledge in
writing to the Corporation that such person is bound by the provisions of this
Agreement and that the transferred shares are subject to the Repurchase Right to
the same extent such shares would be so subject if retained by Participant.

      C. REPURCHASE RIGHT

         1. Grant. The Corporation is hereby granted the right (the "Repurchase
Right"), exercisable at any time during the ninety (90)-day period following the
date Participant ceases for any reason to remain in Service, to repurchase at
the Purchase Price all or any portion of the Purchased Shares in which
Participant is not, at the time of his or her cessation of Service, vested in
accordance with the Vesting Schedule or the provisions of Paragraph C.5 of this
Agreement (such shares to be hereinafter referred to as the "Unvested Shares").

         2. Exercise of the Repurchase Right. The Repurchase Right shall be
exercisable by written notice delivered to each Owner of the Unvested Shares
prior to the expiration of the ninety (90)-day exercise period. The notice shall
indicate the number of Unvested Shares to be repurchased and the date on which
the repurchase is to be effected, such date to be not more than thirty (30) days
after the date of such notice. The certificates representing the Unvested Shares
to be repurchased shall be delivered to the Corporation on or before the close
of business on the date specified for the repurchase. Concurrently with the
receipt of such stock certificates, the Corporation shall pay to Owner, in cash
or cash equivalent (including the cancellation of any purchase-money
indebtedness), an amount equal to the Purchase Price previously paid for the
Unvested Shares to be repurchased from Owner. Notwithstanding the foregoing, in
the event the Corporation fails to provide written notice of exercise or waiver
of the Repurchase Right, the Repurchase Right shall be deemed exercised on the
90th day following the Participant's cessation of Service, and Owner shall waive
all rights to the Unvested Shares.

         3. Termination of the Repurchase Right. The Repurchase Right shall
terminate and cease to be exercisable with respect to any and all Purchased
Shares in which Participant vests in accordance with the following Vesting
Schedule:

                                       2
<PAGE>

         The Participant shall vest as to 9,488 Purchased Shares on each of
         November 1, 2003, February 1, 2004 and May 1, 2004, and as to 9,487
         Purchased Shares on August 1, 2004.

         4. Recapitalization. Any new, substituted or additional securities or
other property (including cash paid other than as a regular cash dividend) which
is by reason of any Recapitalization distributed with respect to the Purchased
Shares or into which the Purchase Shares are converted shall be immediately
subject to the Repurchase Right and any escrow requirements hereunder, but only
to the extent the Purchased Shares are at the time covered by such right or
escrow requirements. Appropriate adjustments to reflect such distribution shall
be made to the number and/or class of securities subject to this Agreement and
to the price per share to be paid upon the exercise of the Repurchase Right in
order to reflect the effect of any such Recapitalization upon the Corporation's
capital structure; provided, however, that the aggregate Purchase Price shall
remain the same.

         5. Change in Control.

            (a) Immediately prior to the consummation of any Change in Control,
the Repurchase Right shall automatically lapse in its entirety and the Purchased
Shares shall vest in full.

            (b) The Repurchase Right may also be subject to termination in whole
or in part on an accelerated basis, and the Purchased Shares subject to
immediate vesting, in accordance with the terms of any special Addendum attached
to this Agreement.

      D. SPECIAL TAX ELECTION

         1. Section 83(b) Election . Under Code Section 83, the excess of the
fair market value of the Purchased Shares on the date any forfeiture
restrictions applicable to such shares lapse over the Purchase Price paid for
such shares will be reportable as ordinary income on the lapse date. For this
purpose, the term "forfeiture restrictions" includes the right of the
Corporation to repurchase the Purchased Shares pursuant to the Repurchase Right.
Participant may elect under Code Section 83(b) to be taxed at the time the
Purchased Shares are acquired, rather than when and as such Purchased Shares
cease to be subject to such forfeiture restrictions. Such election must be filed
with the Internal Revenue Service within thirty (30) days after the date of this
Agreement. Even if the fair market value of the Purchased Shares on the date of
this Agreement equals the Purchase Price paid (and thus no tax is payable), the
election must be made to avoid adverse tax consequences in the future. THE FORM
FOR MAKING THIS ELECTION IS ATTACHED AS EXHIBIT II HERETO. PARTICIPANT
UNDERSTANDS THAT FAILURE TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY
(30)-DAY PERIOD WILL RESULT IN THE RECOGNITION OF ORDINARY INCOME AS THE
FORFEITURE RESTRICTIONS LAPSE.

         2. FILING RESPONSIBILITY. PARTICIPANT ACKNOWLEDGES THAT IT IS
PARTICIPANT'S SOLE RESPONSIBILITY, AND NOT THE CORPORATION'S, TO FILE A TIMELY
ELECTION UNDER CODE SECTION 83(b), EVEN IF PARTICIPANT REQUESTS THE CORPORATION
OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR HER BEHALF.

                                       3
<PAGE>

      E. GENERAL PROVISIONS

         1. Assignment. The Corporation may assign the Repurchase Right to any
person or entity selected by the Board, including (without limitation) one or
more stockholders of the Corporation.

         2. No Employment or Service Contract. Nothing in this Agreement or in
the Plan shall confer upon Participant any right to continue in Service for any
period of specific duration or interfere with or otherwise restrict in any way
the rights of the Corporation (or any Parent or Subsidiary employing or
retaining Participant) or of Participant, which rights are hereby expressly
reserved by each, to terminate Participant's Service at any time for any reason,
with or without cause, subject to any other written agreements between the
Company and the Participant.

         3. Notices. Any notice required to be given under this Agreement shall
be in writing and shall be deemed effective upon personal delivery or upon
deposit in the U.S. mail, registered or certified, postage prepaid and properly
addressed to the party entitled to such notice at the address indicated below
such party's signature line on this Agreement or at such other address as such
party may designate by ten (10) days advance written notice under this paragraph
to all other parties to this Agreement.

         4. No Waiver. The failure of the Corporation in any instance to
exercise the Repurchase Right shall not constitute a waiver of any other
repurchase rights that may subsequently arise under the provisions of this
Agreement or any other agreement between the Corporation and Participant. No
waiver of any breach or condition of this Agreement shall be deemed to be a
waiver of any other or subsequent breach or condition, whether of like or
different nature.

         5. Cancellation of Shares. If the Corporation shall make available, at
the time and place and in the amount and form provided in this Agreement, the
consideration for the Purchased Shares to be repurchased in accordance with the
provisions of this Agreement, then from and after such time, the person from
whom such shares are to be repurchased shall no longer have any rights as a
holder of such shares (other than the right to receive payment of such
consideration in accordance with this Agreement). Such shares shall be deemed
purchased in accordance with the applicable provisions hereof, and the
Corporation shall be deemed the owner and holder of such shares, whether or not
the certificates therefor have been delivered as required by this Agreement.

         6. Participant Undertaking. Participant hereby agrees to take whatever
additional action and execute whatever additional documents the Corporation may
deem necessary or advisable in order to carry out or effect one or more of the
obligations or restrictions imposed on either Participant or the Purchased
Shares pursuant to the provisions of this Agreement.

                                       4
<PAGE>

         7. Agreement is Entire Contract. This Agreement constitutes the entire
contract between the parties hereto with regard to the subject matter hereof.
This Agreement is made pursuant to the provisions of the Plan and shall, except
as otherwise provided in this Agreement, be construed in conformity with the
terms of the Plan.

         8. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York without resort to that
State's conflict-of-laws rules.

         9. Successors and Assigns. The provisions of this Agreement shall inure
to the benefit of, and be binding upon, the Corporation and its successors and
assigns and upon Participant, Participant's assigns and the legal
representatives, heirs and legatees of Participant's estate, whether or not any
such person shall have become a party to this Agreement and have agreed in
writing to join herein and be bound by the terms hereof.

         10. Withholding. No later than the date as of which an amount first
becomes includible in the gross income of Participant for federal income tax
purposes with respect to any Common Stock, Participant shall pay to the
Corporation, or make arrangements satisfactory to the Corporation regarding the
payment of, all federal, state, local and foreign taxes that are required by
applicable laws and regulations to be withheld with respect to such amount. The
obligations of the Corporation under this Agreement shall be conditioned on
compliance by Participant with this Paragraph E.10, and the Participant shall,
to the extent permitted by law, have the right to satisfy any withholding
obligations hereunder by having any such taxes deducted from any payment
otherwise due to Participant, including the delivery of the Common Stock that
gives rise to the withholding requirement.

                                       5
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement on the day
and year first indicated above.

                         REGISTER.COM, INC.
                         By:      /s/ Richard Forman
                                  -------------------------------
                                  Richard D. Forman
                         Title:   President and Chief Executive Officer

                         Address: 575 Eighth Avenue, 8th Floor
                                  New York, NY 10018

                                  /s/ Jack Levy
                                  -------------------------------
                                  Jack S. Levy

                         Address:

                                       6
<PAGE>

                                    EXHIBIT I

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

         FOR VALUE RECEIVED _____________________ hereby sell(s), assign(s) and
transfer(s) unto Register.com, Inc. (the "Corporation"), ________________(____)
shares of the common stock of the Corporation standing in his or her name on the
books of the Corporation represented by Certificate No. _____________ herewith
and do(es) hereby irrevocably constitute and appoint ________________________
Attorney to transfer the said stock on the books of the Corporation with full
power of substitution in the premises.

Dated:  ________________________

                                 Signature
                                           -------------------------------------

Instruction: Please do not fill in any blanks other than the signature line.
Please sign exactly as you would like your name to appear on the issued stock
certificate. The purpose of this assignment is to enable the Corporation to
exercise the Repurchase Right without requiring additional signatures on the
part of Participant.
<PAGE>

                                   EXHIBIT II

                           SECTION 83(b) TAX ELECTION

This statement is being made under Section 83(b) of the Internal Revenue Code,
pursuant to Treas. Reg. Section 1.83-2.

(1)      The taxpayer who performed the services is:

         Name:
         Address:
         Taxpayer Ident. No.:

(2)      The property  with respect to which the election is being made is
         _________  shares of the common stock of Register.com, Inc.

(3)      The property was issued on _______________________.

(4)      The taxable year in which the election is being made is the calendar
         year ________.

(5)      The property is subject to a repurchase right pursuant to which the
         issuer has the right to acquire the property at the original purchase
         price if for any reason taxpayer's employment with the issuer is
         terminated. The issuer's repurchase right lapses as to 9,488 shares on
         each of November 1, 2003, February 1, 2004, and May 1 of 2004 and as to
         9,487 shares on August 1, 2004, and upon a Change in Control.

(6)      The fair market value at the time of transfer (determined without
         regard to any restriction other than a restriction which by its terms
         will never lapse) is $_____________ per share.

(7)      The amount paid for such property is $_______________ per share.

(8)      A copy of this statement was furnished to Register.com, Inc. for whom
         taxpayer rendered the services underlying the transfer of property.

(9)      This statement is executed on ______________________________.

---------------------------------------------     ------------------------------
Spouse (if any)                                   Taxpayer
This election must be filed with the Internal Revenue Service Center with which
taxpayer files his or her Federal income tax returns and must be made within
thirty (30) days after the execution date of the Stock Issuance Agreement. This
filing should be made by registered or certified mail, return receipt requested.
Participant must retain two (2) copies of the completed form for filing with his
or her Federal and state tax returns for the current tax year and an additional
copy for his or her records.
<PAGE>

                                    APPENDIX

         The following definitions shall be in effect under the Agreement:

         A. Agreement shall mean this Stock Issuance Agreement.

         B. Board shall mean the Corporation's Board of Directors.

         C. Change in Control shall mean, notwithstanding any definition of such
term contained in the Plan, the occurrence of any of the following events:

                  (i) The acquisition by any individual, entity or group (within
         the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
         Act of 1934, as amended (the "Exchange Act")) (a "Person") of
         beneficial ownership (within the meaning of Rule 13d-3 promulgated
         under the Exchange Act) of 50% or more of either (x) the then
         outstanding shares of Common Stock of the Corporation (the "Outstanding
         Common Stock") or (y) the combined voting power of the then outstanding
         voting securities of the Corporation entitled to vote generally in the
         election of directors (the "Outstanding Voting Securities"); provided,
         however, that for purposes of this subsection (i), -------- ------- the
         following acquisitions shall not constitute a Change in Control: (A)
         any acquisition directly from the Corporation, (B) any acquisition by
         the Corporation, (C) any acquisition by any employee benefit plan (or
         related trust) sponsored or maintained by the Corporation or any
         corporation controlled by the Corporation, or (D) any acquisition by
         any corporation pursuant to a transaction which complies with clauses
         (A), (B) and (C) of paragraph (iii) below; or

                  (ii) Individuals who, as of the date of this Agreement (the
         "Effective Date"), constitute the Board (the "Incumbent Board") cease
         for any reason to constitute at least a majority of the Board;
         provided, however, that any individual becoming a director subsequent
         to the Effective Date whose election, or nomination for election by the
         Corporation's shareholders, was approved by a vote of at least a
         majority of the directors then comprising the Incumbent Board shall be
         considered as though such individual were a member of the Incumbent
         Board, but excluding, for this purpose, any such individual whose
         initial assumption of office occurs as a result of an actual or
         threatened election contest with respect to the election or removal of
         directors or other actual or threatened solicitation of proxies or
         consents by or on behalf of a Person other than the Board; or

                  (iii) Consummation of a reorganization, merger, consolidation,
         sale or other disposition of all or substantially all of the assets of
         the Corporation or an acquisition of the assets of another entity (a
         "Business Combination"), in each case, unless, following such Business
         Combination, (A) all or substantially all of the individuals and
         entities who were the beneficial owners, respectively, of the
         Outstanding Common Stock and Outstanding Voting Securities immediately
         prior to consummation of such Business Combination beneficially own,
         directly or indirectly, more than 50% of, respectively, the then
         outstanding shares of Common Stock and the combined voting power of the
         then outstanding voting securities entitled to vote generally in the
         election of directors (or other governing body, if applicable), as the
         case may be, of the entity resulting from such Business Combination
         (including, without limitation, an entity which as a result of such
         transaction owns the Corporation or all or substantially all of the
         Corporation's assets either directly or through one or more
         subsidiaries) in substantially the same proportions as their ownership,
         immediately prior to the consummation of such Business Combination of
         the Outstanding Corporation Common Stock and Outstanding Corporation
         Voting Securities, as the case may be, (B) no Person (excluding any
         corporation resulting from such Business Combination or any employee
         benefit plan (or related trust)) beneficially owns, directly or
         indirectly, 50% or more of, respectively, the then outstanding shares
         of common stock of the entity resulting from such Business Combination
         or of the combined voting power of the then outstanding voting
         securities of such entity, except to the extent that such ownership
         existed prior to the consummation of the Business Combination, and (C)
         at least a majority of the members of the board of directors (or other
         governing body, if applicable) of the entity resulting from such
         Business Combination were members of the Incumbent Board at the time of
         the execution of the initial agreement, or of the action of the Board,
         providing for such Business Combination; or

                                      A-1
<PAGE>

         (iv) Approval by the shareholders of the Corporation of a complete
liquidation or dissolution of the Corporation.

         D. Code shall mean the Internal Revenue Code of 1986, as amended.

         E. Common Stock shall mean the Corporation's common stock.

         F. Corporation shall mean Register.com, Inc., a Delaware corporation.

         G. Owner shall mean Participant and all subsequent holders of the
Purchased Shares who derive their chain of ownership through a Permitted
Transfer from Participant.

         H. Parent shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         I. Participant shall mean the person to whom the Purchased Shares are
issued under the Stock Issuance Program.

                                      A-2
<PAGE>

         J. Permitted Transfer shall mean (i) a gratuitous transfer of the
Purchased Shares, provided and only if Participant obtains the Corporation's
prior written consent to such transfer, or (ii) a transfer of title to the
Purchased Shares effected pursuant to Participant's will or the laws of
intestate succession following Participant's death.

         K. Plan shall mean the Corporation's Amended and Restated 2000 Stock
Incentive Plan.

         L. Plan Administrator shall mean either the Board or a committee of the
Board acting in its administrative capacity under the Plan.

         M. Purchase Price shall have the meaning assigned to such term in
Paragraph A.1.

         N. Purchased Shares shall have the meaning assigned to such term in
Paragraph A.1.

         O. Recapitalization shall mean any change in corporate capitalization
(including, but not limited to, a change in the number of shares of Common Stock
outstanding), such as a stock split or a corporate transaction, such as any
merger, consolidation, separation, including a spin-off, or other distribution
of stock or property of the Corporation (including any extraordinary cash or
stock dividend), any reorganization (whether or not such reorganization comes
within the definition of such term in Section 368 of the Code) or any partial or
complete liquidation of the Company.

         P. Repurchase Right shall mean the right granted to the Corporation in
accordance with Article C.

         Q. Service shall mean the Participant's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an employee,
subject to the control and direction of the employer entity as to both the work
to be performed and the manner and method of performance, a non-employee member
of the board of directors or a consultant.

         R. Stock Issuance Program shall mean the Stock Issuance Program under
the Plan.

         S. Subsidiary shall mean any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation, provided
each corporation (other than the last corporation) in the unbroken chain owns,
at the time of the determination, stock possessing fifty percent (50%) or more
of the total combined voting power of all classes of stock in one of the other
corporations in such chain.

         T. Vesting Schedule shall mean the vesting schedule specified in
Paragraph C.3, subject to acceleration in connection with a Change in Control as
specified in Paragraph C.5.

         U. Unvested Shares shall have the meaning assigned to such term in
Paragraph C.1.

                                      A-3<PAGE>

                                                                   Exhibit 10.34

                               Register.com, Inc.
                  EXECUTIVE CHANGE IN CONTROL SEVERANCE PROGRAM

                  The Board of Directors of Register.com, Inc. (the "Company")
recognizes that, as is the case with many publicly-held corporations, there
exists the possibility of a Change in Control Transaction, which may result in
the loss or distraction of employees of the Company and its subsidiaries to the
detriment of the Company and its shareholders. The Board considers the avoidance
of such loss and distraction to be essential to protecting and enhancing the
best interests of the Company and its shareholders. In order to assure the
Company of the continued employment and dedication of its employees and to seek
to ensure the availability of their continued service, the Company has adopted
the Program. Capitalized terms not otherwise defined in this Program are defined
in Exhibit A to this Program.

         1. Employees Covered. The Program shall cover all U.S. employees of the
Company and its subsidiaries who are employed by the Company or any of its
subsidiaries as of the date that a Change in Control Transaction occurs and are
listed on Exhibit B ("Participants").

         2. Severance Benefits.

                  (a) Change in Control Severance Benefits. Subject to Section
         4, if within one (1) year following a Change in Control that occurs on
         or prior to May 31, 2004, a Participant's employment is terminated (i)
         by the Company or its subsidiaries other than for Cause, death or
         Disability or (ii) by reason of the Participant's resignation for Good
         Reason, the Participant shall be paid by the Company, within thirty
         (30) days following such termination of employment, a lump sum cash
         payment equal to twelve (12) times the Participant's Monthly Base
         Salary.

                  (b) Effective Change in Control Severance Benefits. Subject to
         Section 4, if within one (1) year following an Effective Change in
         Control that occurs on or prior to May 31, 2004, a Participant's
         employment is terminated (i) by the Company or its subsidiaries other
         than for Cause, death or Disability or (ii) by reason of the
         Participant's resignation for Good Reason, the Participant shall be
         paid by the Company, within thirty (30) days following such termination
         of employment, a lump sum cash payment equal to five (5) times the
         Participant's Monthly Base Salary.

         3. Other Terminations of Employment. If a Participant's employment is
terminated (i) prior to a Change in Control Transaction or (ii) after a Change
in Control Transaction by the Company for Cause or by the Participant (other
than for Good Reason), the Participant shall not be entitled to any severance
benefits under Section 2.

         4. Release. No severance benefit described in Section 2 shall be paid
to a Participant unless such Participant executes and delivers to the Company
(to Legal Department, Register.com, Inc., 575 Eighth Avenue, 11th Floor, NY, NY
10018) the Release in substantially the form set forth as Exhibit C, and does
not revoke the Release.

         5. Non-Exclusivity of Rights. Nothing in this Program shall prevent or
limit a Participant's continuing or future participation in any benefit, bonus,
incentive or other plan, program, arrangement or policy provided by the Company
or any of its subsidiaries for which a Participant and/or Participant's
dependents may qualify. Amounts that are vested benefits or that a Participant
and/or a Participant's dependents are otherwise entitled to receive under any
plan, program, arrangement, or policy of the Company or any of its subsidiaries
shall be payable in accordance with such plan, program, arrangement or policy.

<PAGE>

         6. No Set-Off; No Duty to Mitigate. The Company's obligation to make
the payments provided for in this Program and otherwise to perform its
obligations hereunder shall not be affected by any set-off, counterclaim,
recoupment, defense or other claim, right or action which the Company may have
against a Participant or others; provided, that any amounts payable under
Section 2 shall be reduced on a dollar-for-dollar basis by (i) any amounts
otherwise due to the Participant under the Worker Adjustment and Retraining
Notification Act and the regulations promulgated thereunder, as amended, or any
similar state or local statute ("WARN"), (ii) the amount of base salary paid to
the Participant by the Company or its subsidiaries after notice is given to a
Participant pursuant to WARN and (iii) any other cash severance payments which
the Participant is legally entitled to receive from the Company or its
subsidiaries. In no event shall a Participant be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to such Participant under any of the provisions of this Program.

         7. Controlling Law. This Program shall be construed and enforced
according to the internal laws of the State of New York to the extent not
preempted by Federal law, which shall otherwise control.

         8. Amendments; Termination. The Company reserves the right to amend,
modify, suspend or terminate the Program at any time; provided that no such
amendment, modification, suspension or termination that has the effect of
reducing or diminishing the right of any Participant (including without
limitation eliminating a Participant from Exhibit B) shall be effective for one
year following the Effective Date or after the occurrence of a Change in Control
Transaction. Notwithstanding the foregoing, this Program shall terminate on the
first anniversary of the Change in Control Transaction, other than with respect
to payments or benefits to be paid or provided as a result of events that occur
prior to the first anniversary of the Change in Control Transaction.

         9. Assignability. The Company shall require any corporation, entity,
individual or other person who is the successor (whether direct or indirect by
purchase, merger, consolidation, reorganization or otherwise) to all or
substantially all the business of the Company to expressly assume and agree to
perform, by a written agreement in form and in substance satisfactory to the
Company, all of the obligations of the Company under this Program. As used in
this Program, the term "Company" shall mean the Company as hereinbefore defined
and any successor to its business and/or assets as aforesaid which assumes and
agrees to perform this Program by operation of law, written agreement or
otherwise. It is a condition of this Program, and all rights of each person
eligible to receive benefits under this Program shall be subject hereto, that no
right or interest of any such person in this Program shall be assignable or
transferable in whole or in part, except by operation of law, including, but not
by way of limitation, lawful execution, levy, garnishment, attachment, pledge,
bankruptcy, alimony, child support or qualified domestic relations order or by
will or the laws of descent and distribution.

                                      -2-
<PAGE>

         10. Withholding. The Company may withhold from any amount payable or
benefit provided under this Program such Federal, state, local, foreign and
other taxes as are required to be withheld pursuant to any applicable law or
regulation.

         11. Gender and Plurals. Wherever used in this Program document, words
in the masculine gender shall include masculine or feminine gender, and, unless
the context otherwise requires, words in the singular shall include the plural,
and words in the plural shall include the singular.

         12. Program Controls. In the event of any inconsistency between this
Program document and any other communication regarding this Program, this
Program document controls.

         13. Program Administrator. This Program shall be administered by the
Company or its designee ("Administrator") as shall be designated from time to
time, provided that in the event of an impending Change in Control Transaction,
the Administrator may appoint a person independent of the Company or persons
operating under its control or on its behalf to be the Administrator effective
upon the occurrence of a Change in Control Transaction, and such Administrator
shall not be removed following a Change in Control Transaction. The decision of
the Administrator upon all matters within the scope of its authority shall be
conclusive and binding on all parties.

         14. Benefit Claims and Appeals. The Administrator shall establish a
claims and appeals procedure. The Administrator shall have full discretionary
authority to determine the amount and timing of any benefit to be paid under the
Program. Unless otherwise required by applicable law, such procedures will
provide that the Participant has not less than sixty (60) days following receipt
of any adverse benefit determination within which to appeal the determination in
writing with the Administrator, and that the Administrator must respond in
writing within sixty (60) days of receiving the appeal, specifically identifying
those Program provisions on which the benefit denial was based and indicating
what, if any, information the Participant must supply in order to perfect a
claim for benefits.

         15. Indemnification. To the extent permitted by law, the Company shall
indemnify the Administrator from all claims for liability, loss, or damage
(including the payment of expenses in connection with defense against such
claims) arising from any act or failure to act in connection with the Program.

                                      -3-
<PAGE>

                                    Exhibit A

                                   Definitions

"Board" means the Board of Directors of the Company.

"Cause" means (i) a Participant's conviction of, or plea of guilty or nolo
contendere to, a felony (other than a traffic-related felony), (ii) gross
negligence or willful misconduct by the Participant having a material adverse
impact on the Company or (iii) the Participant's willful refusal to attempt to
perform his job duties (other than due to Disability or an approved leave) after
receipt of written notice from the Company.

"Change in Control" means the occurrence of any of the following events on or
prior to May 31, 2004:

         (a) The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of
either (x) the then outstanding shares of common stock of the Company (the
"Outstanding Company Common Stock") or (y) the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the "Outstanding Company Voting Securities"); provided,
however, that for purposes of this subsection (i), the following acquisitions
shall not constitute a Change in Control: (A) any acquisition directly from the
Company, (B) any acquisition by the Company, (C) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company, or (D) any acquisition by any corporation
pursuant to a transaction which complies with clauses (A), (B) and (C) of
paragraph (c) below; or

         (b) Individuals who, as of the Effective Date, constitute the Board
(the "Incumbent Board") cease for any reason to constitute at least a majority
of the Board; provided, however, that any individual becoming a director
subsequent to the Effective Date whose election, or nomination for election by
the Company's shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or

         (c) Consummation of a reorganization, merger, consolidation, sale or
other disposition of all or substantially all of the assets of the Company or an
acquisition of the assets of another entity (a "Business Combination"), in each
case, unless, following such Business Combination, (A) all or substantially all
of the individuals and entities who were the beneficial owners, respectively, of
the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to consummation of such Business Combination beneficially own,
directly or indirectly, more than 50% of, respectively, the then outstanding
shares of Common stock and the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors (or
other governing body, if applicable), as the case may be, of the entity
resulting from such Business Combination (including, without limitation, an
entity which as a result of such transaction owns the Company or all or
substantially all of the Company's assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership,
immediately prior to consummation of such Business Combination of the
Outstanding Company Common Stock and Outstanding Company Voting Securities, as
the case may be, (B) no Person (excluding any corporation resulting from such
Business Combination or any employee benefit plan (or related trust))
beneficially owns, directly or indirectly, 50% or more of, respectively, the
then outstanding shares of common stock of the entity resulting from such
Business Combination or of the combined voting power of the then outstanding
voting securities of such entity, except to the extent that such ownership
existed prior to consummation of the Business Combination, and (C) at least a
majority of the members of the board of directors (or other governing body, if
applicable) of the entity resulting from such Business Combination were members
of the Incumbent Board at the time of the execution of the initial agreement, or
of the action of the Board, providing for such Business Combination; or

                                      -4-
<PAGE>

         (d) Approval by the shareholders of the Company of a complete
liquidation or dissolution of the Company.

"Change in Control Transaction" means the first to occur of a Change in Control
or an Effective Change in Control.

"Company" means Register.com, Inc., a Delaware corporation.

"Disability" means "Disability" as defined under a long-term disability plan of
the Company applicable to the Participant, or if the Participant is party to an
Individual Agreement, "Disability" as defined therein.

"Effective Change in Control" means, on or prior to May 31, 2004, consummation
of a Business Combination unless, following such Business Combination, either
(i) all of the following are true: (A) all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to consummation of such Business Combination beneficially own,
directly or indirectly, more than 75%, respectively, the then outstanding shares
of Common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors (or other
governing body, if applicable), as the case may be, of the entity resulting from
such Business Combination (including, without limitation, an entity which as a
result of such transaction owns the Company or all or substantially all of the
Company's assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to
consummation of such Business Combination of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be, (B) no
Person (excluding any corporation resulting from such Business Combination or
any employee benefit plan (or related trust)) beneficially owns, directly or
indirectly, 50% or more of, respectively, the then outstanding shares of common
stock of the entity resulting from such Business Combination or of the combined
voting power of the then outstanding voting securities of such entity, except to
the extent that such ownership existed prior to consummation of the Business
Combination, and (C) at least a majority of the members of the board of
directors (or other governing body, if applicable) of the entity resulting from
such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing for
such Business Combination or (ii) such transaction constitutes a Change in
Control.

                                      -5-
<PAGE>

"Effective Date" means the date that the Program is adopted by the Board.

"Good Reason" means, without the Participant's written consent: (i) the
relocation of the Participant's place of employment to a location in excess of
thirty-five (35) miles from the place of the Participant's employment
immediately prior to a Change in Control Transaction; or (ii) any reduction by
the Company of the Participant's annual rate of base pay or salary from the
annual rate of base pay or salary for such Participant immediately prior to the
Change in Control Transaction; or (iii) the failure of the Company to obtain
from a successor (including a successor to a material portion of the business or
assets of the Company) a satisfactory assumption in writing of the Company's
obligations under this Program; provided, that the Participant shall give the
Company thirty (30) days' written notice and opportunity to cure prior to any
termination for Good Reason based on the grounds specified herein. In addition,
any termination of an Participant's employment for "Good Reason" under any
Individual Agreement shall also be a termination of employment for Good Reason
under this Program.

"Individual Agreement" means any individual employment agreement or severance
agreement between the Company and the Participant.

"Monthly Base Salary" means the higher of (i) the Participant's monthly base
salary as in effect immediately prior to the Change in Control Transaction and
(ii) the Participant's highest monthly base salary in effect at any time
thereafter.

"Program" means The Register.com, Inc. Executive Change in Control Severance
Program.

                                      -6-
<PAGE>

                                    Exhibit B

Jonathan Stern

Walt Meffert

Jack Levy

David Hirschler

Michael Pollack

Timothy Gelman

Stephen Smith

Lori Faye Fischler

Alan Kipust

Thomas Roth

David Palmieri

Stephanie Marks

                                      -7-
<PAGE>

                                    Exhibit C

                                     Release

1.    General Release. In consideration of the payments and benefits set forth
      in The Register.com, Inc. Executive Change in Control Severance Program
      (the "Program"), _______________ (the "Employee") for himself, his heirs,
      administrators, representatives, executors, successors and assigns
      (collectively "Releasors") does hereby irrevocably and unconditionally
      release, acquit and forever discharge Register.com, Inc. (the "Company")
      and its subsidiaries, affiliates and divisions and their respective,
      current and former trustees, officers, directors, partners, shareholders,
      agents, advisors, representatives, and employees, including without
      limitation all persons acting by, through, under or in concert with any of
      them (collectively, "Releasees"), and each of them from any and all
      charges, complaints, claims, liabilities, obligations, promises,
      agreements, controversies, damages, remedies, actions, causes of action,
      suits, rights, demands, costs, losses, debts and expenses (including
      attorneys' fees and costs) of any nature whatsoever, known or unknown,
      whether in law or equity and whether arising under federal, state or local
      law and in particular including any claim for discrimination based upon
      race, color, ethnicity, sex, age (including the Age Discrimination in
      Employment Act of 1967), national origin, religion, disability, or any
      other unlawful criterion or circumstance, which the Employee and Releasors
      had, now have, or may have in the future against each or any of the
      Releasees from the beginning of the world until the date hereof in
      connection with the Employee's employment and termination thereof
      (collectively, "Claims").

2.    [Release of Discrimination Claims. Without in any way limiting the
      generality of the foregoing, this Release constitutes a full release and
      disclaimer of any and all Claims arising out of or relating in any way to
      the Employee's employment, continued employment, retirement, resignation,
      or termination of employment with the Company, whether arising under or
      out of a statute including, but not limited to, Title VII of the Civil
      Rights Act of 1964, 42 U.S.C.ss.1981, the Age Discrimination in Employment
      Act of 1967, the Older Workers Benefit Protection Act of 1990, the Family
      and Medical Leave Act, the National Labor Relations Act, the Worker
      Adjustment and Retraining Notification Act, the Americans With
      Disabilities Act, any county, municipal, and any other federal, state or
      local statute, ordinance or regulation, all as may be amended from time to
      time, or common law claims or causes of action relating to alleged
      discrimination, breach of contract or public policy, wrongful or
      retaliatory discharge, tortious action, inaction, or interference of any
      sort, defamation, libel, slander, personal or business injury, including
      without limitation attorneys' fees and costs, all Claims for salary,
      bonus, vacation pay, and reimbursement for expenses. The Employee has
      specifically waived his right to recover in his own lawsuit as well as the
      right to recover in a suit brought by any other person or entity on the
      Employee's behalf or on behalf of a class of persons in which the Employee
      is or could be considered a member.

3.    Employee's Right to Revoke. The parties acknowledge that the Employee
      shall have the right to revoke and cancel this Release at any time within
      the seven-day period following its execution. If the Employee desires to
      revoke and cancel this Release, he must do so in writing to Legal
      Department, Register.com, Inc., 575 Eighth Avenue, 11th Floor, NY, NY
      10018, and all terms of the Release shall be void and of no effect. If
      this Release is canceled and revoked by the Employee, the Company shall
      have no obligations under the Program.

                                      -8-
<PAGE>

4.    Employee's Right to Consult Attorney/45 Days to Consider. The Employee is
      advised and encouraged by the Company to consult with an attorney before
      signing this Release. The Employee affirms that he has carefully read and
      fully understands this Release, has had sufficient time to consider it,
      has had an opportunity to ask questions and have it explained, and is
      entering into this Release freely and voluntarily, with an understanding
      that the general release will have the effect of waiving any action or
      recovery he might pursue for any Claims arising on or prior to the date of
      the execution of this Release. This Release was given to the Employee on
      [Notice_Date]. The Employee had until [Notice_Date], a period in excess of
      45 days to consider it.]A

5.    Exclusions from Release. Expressly excluded from the release provided in
      this Release are (i) any Claims by the Releasors for compensation and
      benefits to be provided to the Employee under the Program or any written
      employment, consulting or similar agreement between the Employee and the
      Company or any of its subsidiaries, (ii) any Claims by the Releasors for
      accrued or vested benefits to which the Employee may be entitled under any
      of the benefit plans, programs, policies of the Company and its
      subsidiaries in which the Employee participates, and (iii) any Claims by
      the Releasors related to the Employee's indemnification as an officer,
      director and employee of the Company or its subsidiaries. The parties
      agree that this Release shall not affect the rights and responsibilities
      of the US Equal Employment Opportunity Commission (hereinafter "EEOC") to
      enforce the Age Discrimination in Employment Act of 1967, as amended and
      other laws. In addition, the parties agree that this Release shall not be
      used to justify interfering with the Employee's protected right to file a
      charge or participate in an investigation or proceeding conducted by the
      EEOC. The parties further agree that the Employee knowingly and
      voluntarily waives all Claims that arose prior to the date hereof that the
      Releasors may have against the Releasees, or any of them, to receive any
      benefit or remedial relief (including, but not limited to, reinstatement,
      back pay, front pay, damages, attorneys' fees, experts' fees) as a
      consequence of any investigation or proceeding conducted by the EEOC.

6.   Governing Law. This Release shall be governed and construed in accordance
     with the laws of the State of New York, without regard to principles of
     conflict of laws.

---------------
A    For employees age 40 and over only.

                                      -9-
<PAGE>

7.   Reformation. In case any provision or provisions contained in this Release
     shall for any reason be held to be invalid, illegal or unenforceable in any
     respect by any court or administrative body with competent jurisdiction,
     such invalidity, illegality or unenforceability shall not affect the
     remaining provisions hereof, which shall remain in full force and effect.
     Any provision(s) so determined to be invalid, illegal or unenforceable
     shall be reformed so that they are valid, legal and enforceable to the
     fullest extent permitted by law.

                                              Employee:

                                              ----------------------------------
                                              [        ]
                                              Date:____________
     Accepted and Acknowledged:

     REGISTER.COM, INC.

     ------------------------------------
     By:

                                      -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]