Document:

Exhibit 10.2

 

YAHOO! INC.

 

STOCK OPTION AGREEMENT

 

1.                                       Grant of Option. 
Yahoo! Inc., a Delaware corporation (the “Company”), hereby grants to
the Optionee named in the Notice of Grant (the “Optionee”), an option (the “Option”)
to purchase the total number of shares of Common Stock (the “Shares”) set forth
in the Notice of Grant, at the exercise price per share set forth in the Notice
of Grant (the “Exercise Price”) subject to the terms, definitions and
provisions of the 1995 Stock Plan, as amended (the “Plan”), adopted by the
Company, which is incorporated in this Agreement by reference.  In the event of a conflict between the terms
of the Plan and the terms of this Agreement, the terms of the Plan shall
govern.  Unless otherwise defined in this
Agreement, the terms used in this Agreement shall have the meanings defined in
the Plan.

 

If
designated as an Incentive Stock Option in the Notice of Grant, this Option is
intended to qualify as an “incentive stock option” as such term is defined in Section 422
of the Code.

 

2.                                       Exercise of Option.  This
Option shall be exercisable during its term in accordance with the Exercise Schedule set
forth in the Notice of Grant (the “Exercise Schedule”) and with the provisions
of Sections 9 and 10 of the Plan as follows:

 

(i)                                     Right to Exercise.

 

(a)                                  This Option may not be exercised for a
fraction of a share.

 

(b)                                 In the event of the Optionee’s death,
disability or other termination of employment, the exercisability of the Option
is governed by Sections 6, 7 and 8 below, subject to the limitations contained
in Sections 2(i)(c) and (d).

 

(c)                                  In no event may this Option be exercised
after the date of expiration of the term of this Option as set forth in the
Notice of Grant.

 

(d)                                 If designated as an Incentive Stock Option in
the Notice of Grant, in the event that this Option becomes exercisable at a
time or times which, when this Option is aggregated with all other incentive
stock options granted to the Optionee by the Company or any Parent or
Subsidiary, would result in Shares having an aggregate fair market value
(determined for each Share as of the Date of Grant of the option covering such
Share) in excess of $100,000 becoming first available for purchase upon
exercise of one or more incentive stock options during any calendar year, the
amount in excess of $100,000 shall be treated as a Nonstatutory Stock Option,
pursuant to Section 5(b) of the Plan.

 

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(ii)                                  Method of Exercise.

 

(a)                                  This Option shall be exercisable by
delivering notice to the Company or a broker designated by the Company in such
form and through such delivery method as shall be acceptable to the Company
(including in the form attached as Exhibit A or such other form as may
from time to time be approved by the Administrator) or the designated broker,
as appropriate (the “Exercise Notice”). 
The Exercise Notice shall specify the election to exercise the Option
and the number of Shares in respect of which the Option is being exercised,
shall include such other representations and agreements as to the holder’s
investment intent with respect to such shares of Common Stock as may be
required by the Company pursuant to the provisions of the Plan and applicable
law, and shall be accompanied by payment of the Exercise Price.  This Option shall be deemed to be exercised
upon receipt by the Company or the designated broker of such notice accompanied
by the Exercise Price.

 

(b)                                 As a condition to the exercise of this
Option, the Optionee agrees to make adequate provision for federal, state or
other tax withholding obligations, if any, which arise upon the exercise of the
Option or disposition of Shares, whether by withholding, direct payment to the
Company, or otherwise.

 

(c)                                  No Shares will be issued pursuant to the
exercise of an Option unless such issuance and such exercise shall comply with
all relevant provisions of law and the requirements of any Stock Exchange.  Assuming such compliance, for income tax
purposes the Shares shall be considered transferred to the Optionee on the date
on which the Option is exercised with respect to such Shares.

 

3.                                       Continuance of Employment/Service
Required.  The Exercise Schedule requires continued
employment or service through each applicable vesting date as a condition to
the vesting of the applicable installment of the Option and the rights and
benefits under this Agreement. 
Employment or service for only a portion of the vesting period, even if
a substantial portion, will not entitle the Optionee to any proportionate
vesting or avoid or mitigate a termination of rights and benefits upon or
following a termination of employment or services as provided in Sections 6, 7
and 8 below or under the Plan.

 

4.                                       Method of Payment. 
Payment of the Exercise Price shall be by any of, or a combination of,
the following methods at the election of the Optionee:  (i) cash; (ii) check; (iii) surrender
of other shares of Common Stock of the Company which (a) either have been
owned by the Optionee for more than six (6) months on the date of
surrender or were not acquired, directly or indirectly, from the Company, and (b) have
a Fair Market Value on the date of surrender equal to the aggregate exercise
price of the Shares as to which said Option shall be exercised; or (iv) delivery
of a properly executed Exercise Notice together with irrevocable instructions
to a broker to deliver promptly to the Company the amount of sale or loan
proceeds required to pay the exercise price; provided 

 

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that the Administrator may from time to time limit the availability of any
non-cash payment alternative.

 

5.                                       Restrictions on Exercise.  This
Option may not be exercised until such time as the Plan has been approved by
the stockholders of the Company, or if the issuance of such Shares upon such
exercise or the method of payment of consideration for such shares would
constitute a violation of any applicable federal or state securities or other
law or regulation, including any rule under Part 207 of Title 12 of
the Code of Federal Regulations (“Regulation G”) as promulgated by the Federal
Reserve Board.  As a condition to the
exercise of this Option, the Company may require the Optionee to make any
representation and warranty to the Company as may be required by any applicable
law or regulation.

 

6.                                       Termination of Relationship.  In
the event of termination of the Optionee’s Continuous Status as an Employee or
Consultant, the Optionee may, to the extent otherwise so entitled at the date
of such termination (the “Termination Date”), exercise this Option during the
Termination Period set out in the Notice of Grant.  To the extent that the Optionee was not
entitled to exercise this Option at the date of such termination, or if the
Optionee does not exercise this Option within the time specified in the Notice
of Grant, the Option shall terminate. 
Further, to the extent allowed by applicable law, if the Optionee is
indebted to the Company on the date of termination, the Optionee’s right to
exercise this Option shall be suspended until such time as the Optionee
satisfies in full any such indebtedness.

 

7.                                       Disability of Optionee. 
Notwithstanding the provisions of Section 6 above, in the event of
termination of the Optionee’s Continuous Status as an Employee or Consultant as
a result of Total Disability, the Optionee may, but only within twelve (12)
months from the date of termination of employment (but in no event later than
the date of expiration of the term of this Option as set forth in Section 10
below), exercise the Option to the extent otherwise so entitled at the date of
such termination.  To the extent that the
Optionee was not entitled to exercise the Option at the date of termination, or
if the Optionee does not exercise such Option (to the extent otherwise so
entitled) within the time specified in this Agreement, the Option shall
terminate.

 

8.                                       Death of Optionee.  In
the event of the death of the Optionee:

 

(i)                                     during the term of this Option and while an
Employee or Consultant of the Company and having been in Continuous Status as
an Employee or Consultant since the date of grant of the Option, the Option may
be exercised, at any time within six (6) months following the date of
death (but in no event later than the date of expiration of the term of this
Option as set forth in Section 10 below), by the Optionee’s estate or by a
person who acquired the right to exercise the Option by bequest or inheritance,
but only to the extent of the right to exercise that would have accrued had the
Optionee continued living and remained in Continuous Status as an Employee or
Consultant six (6) months after the date of death, subject to the
limitation contained in Section 2(i)(d) above in the case of an
Incentive Stock Option; or

 

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(ii)                                  within thirty (30) days after the termination
of the Optionee’s Continuous Status as an Employee or Consultant, the Option
may be exercised, at any time within six (6) months following the date of
death (but in no event later than the date of expiration of the term of this
Option as set forth in Section 10 below), by the Optionee’s estate or by a
person who acquired the right to exercise the Option by bequest or inheritance,
but only to the extent of the right to exercise that had accrued at the date of
termination.

 

9.                                       Non-Transferability of Option.  This
Option may not be transferred in any manner otherwise than by will or by the
laws of descent or distribution.  The
designation of a beneficiary does not constitute a transfer.  This Option may be exercised during the
lifetime of the Optionee only by the Optionee. 
The terms of this Option shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

 

10.                                 Term of Option.  This Option may be exercised only within the
term set out in the Notice of Grant, and may be exercised during such term only
in accordance with the Plan and the terms of this Option.

 

11.                                 No Additional Employment Rights.  The Optionee understands and
agrees that the vesting of Shares pursuant to the Exercise Schedule is
earned only by continuing as an Employee or Consultant at the will of the
Company (not through the act of being hired, being granted this Option or
acquiring Shares under this Agreement). 
The Optionee further acknowledges and agrees that nothing in this
Agreement, nor in the Plan which is incorporated in this Agreement by
reference, shall confer upon the Optionee any right with respect to
continuation as an Employee or Consultant with the Company, nor shall it
interfere in any way with his or her right or the Company’s right to terminate
his or her employment or consulting relationship at any time, with or without
cause.

 

12.                                 Notice of Disqualifying Disposition of Incentive Stock Option Shares.  If
the Option granted to the Optionee in this Agreement is an Incentive Stock
Option, and if the Optionee sells or otherwise disposes of any of the Shares
acquired pursuant to the Incentive Stock Option on or before the later of (a) the
date two years after the Date of Grant, or (b) the date one year after
transfer of such Shares to the Optionee upon exercise of the Incentive Stock
Option, the Optionee shall notify the Company in writing within thirty (30)
days after the date of any such disposition. 
The Optionee agrees that the Optionee may be subject to the tax
withholding provisions of Section 13 below in connection with such sale or
disposition of such Shares.

 

13.                                 Tax Withholding.  The Optionee shall pay to the Company
promptly upon request, and in any event at the time the Optionee recognizes
taxable income in respect of the Option, an amount equal to the taxes the
Company determines it is required to withhold under applicable tax laws with
respect to the Option.  Such payment may
be made by any of, or a combination of, the following methods:  (i) cash or check; (ii) out of the
Optionee’s current compensation; (iii) surrender of other shares of Common
Stock of the Company which (a) either have been owned by the Optionee for
more than six (6) months as of the date of surrender or were not acquired,
directly or indirectly, from the Company, and (b) have a Fair Market Value
on the date of surrender equal to the amount required to be 

 

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withheld;
(iv) by electing to have the Company withhold from the Shares to be issued
upon exercise of the Option that number of Shares having a Fair Market Value
equal to the minimum statutory amount required to be withheld  or (v) delivery of a properly executed
Exercise Notice together with irrevocable instructions to a broker to deliver
promptly to the Company the amount of sale or loan proceeds required to pay the
amount required to be withheld; provided that the Administrator may from time
to time limit the availability of any non-cash payment alternative.  For these purposes, the Fair Market Value of
the Shares to be withheld shall be determined on the date that the amount of
tax to be withheld is to be determined (the “Tax Date”).

 

All
elections by the Optionee to have Shares withheld to satisfy tax withholding
obligations shall be made in writing in a form acceptable to the Administrator
and shall be subject to the following restrictions:

 

(i)                                     the election must be made on or prior to the applicable Tax Date;

 

(ii)                                  once made, the election shall be irrevocable as to the particular Shares of
the Option as to which the election is made;

 

(iii)                               all elections shall be subject to the consent or disapproval of the
Administrator;

 

(iv)                              if the Optionee is subject to Section 16 of the Exchange Act, the
election must comply with the applicable provisions of Rule 16b-3
promulgated under the Exchange Act and shall be subject to such additional
conditions or restrictions as may be required thereunder to qualify for the
maximum exemption from Section 16 of the Exchange Act with respect to Plan
transactions.

 

14                                    Notices.  Any
and all notices, designations, consents, offers, acceptances and any other
communications provided for herein shall be given in writing and shall be
delivered either personally or by registered or certified mail, postage
prepaid, which shall be addressed, in the case of the Company to both the Chief
Financial Officer and the General Counsel of the Company at the principal
office of the Company and, in the case of the Optionee, to the Optionee’s
address appearing on the books of the Company or to the Optionee’s residence or
to such other address as may be designated in writing by the Optionee.

 

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

 

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

 

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

 

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

 

19.                                 Governing Law.  This Agreement and the rights of the Optionee
hereunder shall be construed and determined in accordance with the laws of the
State of Delaware.

 

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

 

21.                                 Signature.  This Agreement shall be deemed executed by
the Company and the Optionee upon execution by such parties of the Notice of
Grant attached to this Agreement.

 

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EXHIBIT A

 

NOTICE OF EXERCISE

 

To:                  Yahoo! Inc.

Attn:               Chief Financial
Officer

Subject:          Notice of
Intention to Exercise Stock Option

 

This
is official notice that the undersigned (“Optionee”) intends to exercise
Optionee’s option to purchase                
shares of Yahoo! Inc. Common Stock, under and pursuant to the Company’s 1995
Stock Plan, as amended, and the Stock Option Agreement attached, as follows:

 

	
   

  	
  Number of Shares:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Vesting Commencement Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date of Purchase:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Purchase Price:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Social Security No:

  	
   

  	
   

  

 

The
shares should be issued as follows:

 

	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Signed:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Date:Exhibit 10.3

 

YAHOO! INC.

1995 STOCK PLAN

(AS AMENDED AND RESTATED May 19,
2005)

RESTRICTED STOCK AWARD AGREEMENT

 

THIS
RESTRICTED STOCK AWARD AGREEMENT, (the “Agreement”), dated as of                             ,
2005 (the “Date of Grant”), is made by and between Yahoo! Inc., a Delaware
corporation (the “Company”), and                             
(the “Grantee”).

 

WHEREAS, the
Company has adopted the Yahoo! Inc. 1995 Stock Plan, as amended (the “Plan”),
pursuant to which the Company may grant Restricted Stock;

 

WHEREAS, the
Company desires to grant to the Grantee the number of shares of Restricted
Stock provided for herein;

 

NOW,
THEREFORE, in consideration of the recitals and the mutual agreements herein
contained, the parties hereto agree as follows:

 

Section 1.               Grant
of Restricted Stock Award

 

(a)           Grant
of Restricted Stock.  The
Company hereby grants to the Grantee                             
shares of Restricted Stock (the “Award”) on the terms and conditions set forth
in this Agreement and as otherwise provided in the Plan.

 

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

 

Section 2.               Terms
and Conditions of Award

 

The grant of
Restricted Stock provided in Section 1(a) shall be subject to the
following terms, conditions and restrictions:

 

(a)           Ownership
of Shares.  Subject to the
restrictions set forth in the Plan and this Agreement, the Grantee shall
possess all incidents of ownership of the Restricted Stock granted hereunder,
including the right to receive or reinvest dividends with respect to such
Restricted Stock and the right to vote such Restricted Stock.

 

(b)           Restrictions.  Restricted Stock and any interest therein,
may not be sold, assigned, transferred, pledged, hypothecated or otherwise
disposed of, except by will or the laws of 

 

1

 

descent and distribution, during the Restricted Period.  Any attempt to dispose of any Restricted
Stock in contravention of the above restriction shall be null and void and
without effect.

 

(c)           Certificate;
Book Entry Form; Legend.  The
Company shall issue the shares of Restricted Stock either (i) in
certificate form or (ii) in book entry form, registered in the name of the
Grantee, with legends, or notations, as applicable, referring to the terms,
conditions and restrictions applicable to the Award.  Grantee agrees that any certificate issued
for Restricted Stock prior to the lapse of any outstanding restrictions
relating thereto shall be inscribed with the following legend:

 

This
certificate and the shares of stock represented hereby are subject to the terms
and conditions, including forfeiture provisions and restrictions against
transfer (the “Restrictions”), contained in the Yahoo! Inc. 1995 Stock Plan, as
amended, and an agreement entered into between the registered owner and the
Company.  Any attempt to dispose of these
shares in contravention of the Restrictions, including by way of sale, assignment,
transfer, pledge, hypothecation or otherwise, shall be null and void and
without effect.

 

(d)           Lapse
of Restrictions.  [Except as may be otherwise provided herein, the
restrictions on transfer set forth in Section 2(b) shall lapse with
respect to all of the shares of Restricted Stock subject to the Award on the
third anniversary of the Date of Grant.]

 

[Except as may otherwise be provided herein,
the restrictions on transfer set forth in Section 2(b) shall lapse
with respect to all of the shares of Restricted Stock subject to the Award upon
the satisfaction of the performance-based objectives and conditions set forth
on Exhibit A hereto. 
Notwithstanding anything to the contrary in this Section 2(d), in
no event shall any such restrictions lapse prior to the first anniversary of
the Date of Grant.]

 

Upon the lapse
of restrictions relating to any shares of Restricted Stock, the Company shall,
as applicable, either remove the notations on any such shares of Restricted
Stock issued in book-entry form or deliver to the Grantee or the Grantee’s
personal representative a stock certificate representing a number of shares of
Common Stock, free of the restrictive legend described in Section 2(c),
equal to the number of shares of Restricted Stock with respect to which such
restrictions have lapsed.  If
certificates representing such Restricted Stock shall have theretofore been
delivered to the Grantee, such certificates shall be returned to the Company,
complete with any necessary signatures or instruments of transfer prior to the
issuance by the Company of such unlegended shares of Common Stock.

 

(e)           Termination
of Employment. 
Notwithstanding Section 2(b), in the event of the termination of
Grantee’s employment or service with the Company, Parent, Subsidiary or any
Affiliate for any reason prior to the lapsing of restrictions in accordance
with Section 2(d) with respect to any portion of the Restricted Stock
granted hereunder, such portion of the Restricted Stock held by the Grantee
shall be automatically forfeited by the Grantee as of the date of termination.(1)

 

(1)  [In accordance with Section 11(b)(i) of the Plan,
the Administrator may provide, in its sole discretion, that upon the
termination of the Grantee’s Continuous Status as an Employee or Consultant (i) without
Cause, (ii) by the Grantee for Good Reason, or (iii) due to the Grantee’s
death or Total Disability, the restrictions on transfer of the shares of
Restricted Stock set forth in Section 2(b) shall be deemed to have fully or
partially lapsed, and the Award shall be non-forfeitable with respect to such
shares as of the date of such termination.]  [Time-based awards only.]

 

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Shares of
Restricted Stock forfeited pursuant to this
Section 2(e) shall be transferred to, and reacquired by, the Company
without payment of any consideration by the Company, and neither the Grantee
nor any of the Grantee’s successors, heirs, assigns or personal representatives
shall thereafter have any further rights or interests in such shares.  If certificates for any such shares
containing restrictive legends shall have theretofore been delivered to the
Grantee (or his/her legatees or personal representative), such certificates
shall be returned to the Company, complete with any necessary signatures or
instruments of transfer.

 

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

 

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

 

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

 

(g)           Income
Taxes.  The Grantee shall pay
to the Company promptly upon request, and in any event at the time the Grantee
recognizes taxable income in respect of the Restricted Stock (whether in
connection with the grant or vesting of the Restricted Stock, the making of an
election under Section 83(b) of the Code in connection with the grant
of the Restricted Stock as described in Section 2(h) below, or
otherwise), an amount equal to the taxes the Company determines it is required
to withhold under applicable tax laws with respect to the Restricted
Stock.  Such payment may be made by any
of, or a combination of, the following methods: 
(i) cash or check; (ii) out of the Grantee’s current
compensation; (iii) if permitted by the Administrator in its discretion,
surrender of other shares of Common Stock of the Company which (a) either
have been owned by the Grantee for more than six (6) months as of the date
of surrender or were not acquired, directly or indirectly, from the Company,
and (b) have a Fair Market Value on the date of surrender equal to the
amount required to be withheld; or (iv) if permitted by the
Administrator in its discretion, by electing to have the Company withhold or
otherwise reacquire from the Grantee Shares of Restricted Stock that vest
pursuant to the terms hereof having a Fair Market Value equal to the minimum
statutory amount required to be withheld in connection with the vesting of such
Shares.  For these purposes, the Fair
Market 

 

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Value of the Shares to be withheld or repurchased, as applicable, shall
be determined on the date that the amount of tax to be withheld is to be
determined (the “Tax Date”).

 

All elections
by the Grantee to have Shares withheld or repurchased to satisfy tax
withholding obligations shall be made in writing in a form acceptable to the
Administrator and shall be subject to the following restrictions:

 

(i)            the election must be made on or
prior to the applicable Tax Date;

 

(ii)           once made, the election shall be
irrevocable as to the particular Shares as to which the election is made;

 

(iii)          all elections shall be subject to the
consent or disapproval of the Administrator; and

 

(iv)          if the Grantee is subject to Section 16
of the Exchange Act, the election must comply with the applicable provisions of
Rule 16b-3 promulgated under the Exchange Act and shall be subject
to such additional conditions or restrictions as may be required thereunder to
qualify for the maximum exemption from Section 16 of the Exchange Act with
respect to Plan transactions.

 

(h)           Section 83(b) Election.  The Grantee hereby acknowledges that he or
she may file an election pursuant to Section 83(b) of the Code to be
taxed currently on the fair market value of the shares of Restricted Stock
(less any purchase price paid for the shares), provided that such election must
be filed with the Internal Revenue Service no later than thirty (30) days
after the grant of such Restricted Stock. 
The Grantee will seek the advice of his or her own tax advisors as to
the advisability of making such a Section 83(b) election, the
potential consequences of making such an election, the requirements for making
such an election, and the other tax consequences of the Restricted Stock award
under federal, state, and any other laws that may be applicable.  The Company and its affiliates and agents
have not and are not providing any tax advice to the Grantee.

 

Section 3.               Miscellaneous

 

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

 

(b)           No
Right to Continued Employment. 
Nothing in the Plan or in this Agreement shall confer upon the Grantee
any right to continue in the employ of the Company, a Parent, a Subsidiary or
any Affiliate or shall interfere with or restrict in any way the right of the
Company, Parent, Subsidiary or any Affiliate, which is hereby expressly
reserved, to remove, terminate or 

 

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discharge the Grantee at any time for any reason whatsoever, with or
without Cause and with or without advance notice.

 

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

 

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

 

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

 

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

 

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

 

(h)           Governing
Law.  This Agreement and the
rights of the Grantee hereunder shall be construed and determined in accordance
with the laws of the State of Delaware.

 

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

 

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

 

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IN WITNESS
WHEREOF, this Agreement has been executed and delivered by the parties hereto
as of the            
day of                       ,
2005.

 

	
   

  	
  YAHOO! INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [Insert
  Name]

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Signature:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
							

 

6

 

EXHIBIT A

 

PERFORMANCE-BASED OBJECTIVES AND CONDITIONS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]