Document:

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                                                                    EXHIBIT 10.1

                     FIRST AMENDMENT TO AMENDED AND RESTATED
                     ACCOUNTS RECEIVABLE FINANCING AGREEMENT

     This First Amendment (the "First Amendment") to the Amended and Restated
Accounts Receivable Financing Agreement is entered into as of June 24, 2003, by
and among (i) SILICON VALLEY BANK, a California-chartered bank, with its
principal place of business at 3003 Tasman Drive, Santa Clara, California 95054
and with a loan production office located at One Newton Executive Park, Suite
200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under
the name "Silicon Valley East" ("Bank") and (ii) SATCON TECHNOLOGY CORPORATION,
a Delaware corporation with offices located at 161 First Street, Cambridge,
Massachusetts (FAX 617-661-3373); SATCON POWER SYSTEMS, INC., Delaware
corporation with offices located at 161 First Street, Cambridge, Massachusetts;
SATCON APPLIED TECHNOLOGY, INC., a Delaware corporation with offices located at
161 First Street, Cambridge, Massachusetts; SATCON ELECTRONICS, INC., a Delaware
corporation with offices located at 161 First Street, Cambridge, Massachusetts;
and SATCON POWER SYSTEMS CANADA LTD. a corporation organized under the laws of
the Province of Ontario, Canada with offices located at 161 First Street,
Cambridge, Massachusetts (individually and collectively, jointly and severally,
"Borrower").

DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. AMONG OTHER INDEBTEDNESS
AND OBLIGATIONS WHICH MAY BE OWING BY BORROWER TO BANK, BORROWER IS INDEBTED TO
BANK PURSUANT TO A CERTAIN AMENDED AND RESTATED ACCOUNTS RECEIVABLE FINANCING
AGREEMENT DATED AS OF APRIL 4, 2003 (AS AMENDED FROM TIME TO TIME, THE "LOAN
AGREEMENT"). CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED HEREIN SHALL HAVE
THE SAME MEANING AS IN THE LOAN AGREEMENT.

Hereinafter, all indebtedness and obligations owing by Borrower to Bank shall be
referred to as the "Obligations".

DESCRIPTION OF COLLATERAL. REPAYMENT OF THE OBLIGATIONS IS SECURED BY THE
COLLATERAL AS DESCRIBED IN THE LOAN AGREEMENT (TOGETHER WITH ANY OTHER
COLLATERAL SECURITY GRANTED TO BANK, THE "SECURITY DOCUMENTS").

Hereinafter, the Security Documents, together with all other documents
evidencing or securing the Obligations shall be referred to as the "Existing
Loan Documents".

DESCRIPTION OF CHANGE IN TERMS.

                        MODIFICATIONS TO LOAN AGREEMENT.

THE LOAN AGREEMENT SHALL BE AMENDED BY DELETING THE FOLLOWING DEFINITION
          APPEARING IN SECTION 1, THEREOF, AND INSERTING IN LIEU THEREOF THE
          FOLLOWING:

               ""APPLICABLE RATE " is a per annum rate equal to the Prime Rate
               plus three percent (3.0%)."

          and inserting in lieu thereof the following:

               ""APPLICABLE RATE " is a per annum rate equal to the Prime Rate
               plus four percent (4.0%)."

THE LOAN AGREEMENT SHALL BE DELETING THE FOLLOWING TEXT APPEARING IN SECTION
3.4, THEREOF:

               "On each Reconciliation Day, Borrower will pay to Bank a
               Collateral Handling Fee, equal to 0.40% per month of the average
               daily Financed Receivable Balance outstanding during the
               applicable Reconciliation Period."

          and inserting in lieu thereof the following:

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               "On each Reconciliation Day, Borrower will pay to Bank a
               Collateral Handling Fee, equal to 0.45% per month of the average
               daily Financed Receivable Balance outstanding during the
               applicable Reconciliation Period."

FEES. THE BORROWER SHALL REIMBURSE BANK FOR ALL LEGAL FEES AND EXPENSES INCURRED
IN CONNECTION WITH THIS AMENDMENT TO THE EXISTING LOAN DOCUMENTS.

RATIFICATION OF INTELLECTUAL PROPERTY SECURITY AGREEMENT. BORROWER HEREBY
RATIFIES, CONFIRMS AND REAFFIRMS, ALL AND SINGULAR, THE TERMS AND CONDITIONS OF
A CERTAIN INTELLECTUAL PROPERTY SECURITY AGREEMENT DATED AS OF DECEMBER 19, 2002
BETWEEN BORROWER AND BANK, AND ACKNOWLEDGES, CONFIRMS AND AGREES THAT SAID
INTELLECTUAL PROPERTY SECURITY AGREEMENT CONTAINS AN ACCURATE AND COMPLETE
LISTING OF ALL INTELLECTUAL PROPERTY COLLATERAL AS DEFINED IN SAID INTELLECTUAL
PROPERTY SECURITY AGREEMENT, SHALL REMAIN IN FULL FORCE AND EFFECT.

CONSISTENT CHANGES. THE EXISTING LOAN DOCUMENTS ARE HEREBY AMENDED WHEREVER
NECESSARY TO REFLECT THE CHANGES DESCRIBED ABOVE.

RATIFICATION OF LOAN DOCUMENTS. BORROWER HEREBY RATIFIES, CONFIRMS, AND
REAFFIRMS ALL TERMS AND CONDITIONS OF ALL SECURITY OR OTHER COLLATERAL GRANTED
TO THE BANK, AND CONFIRMS THAT THE INDEBTEDNESS SECURED THEREBY INCLUDES,
WITHOUT LIMITATION, THE OBLIGATIONS.

NO DEFENSES OF BORROWER. BORROWER HEREBY ACKNOWLEDGES AND AGREES THAT BORROWER
HAS NO OFFSETS, DEFENSES, CLAIMS, OR COUNTERCLAIMS AGAINST BANK WITH RESPECT TO
THE OBLIGATIONS, OR OTHERWISE, AND THAT IF BORROWER NOW HAS, OR EVER DID HAVE,
ANY OFFSETS, DEFENSES, CLAIMS, OR COUNTERCLAIMS AGAINST BANK, WHETHER KNOWN OR
UNKNOWN, AT LAW OR IN EQUITY, ALL OF THEM ARE HEREBY EXPRESSLY WAIVED AND
BORROWER HEREBY RELEASES BANK FROM ANY LIABILITY THEREUNDER.

CONTINUING VALIDITY. BORROWER UNDERSTANDS AND AGREES THAT IN MODIFYING THE
EXISTING OBLIGATIONS, BANK IS RELYING UPON BORROWER'S REPRESENTATIONS,
WARRANTIES, AND AGREEMENTS, AS SET FORTH IN THE EXISTING LOAN DOCUMENTS. EXCEPT
AS EXPRESSLY MODIFIED PURSUANT TO THIS FIRST AMENDMENT, THE TERMS OF THE
EXISTING LOAN DOCUMENTS REMAIN UNCHANGED AND IN FULL FORCE AND EFFECT. BANK'S
AGREEMENT TO MODIFICATIONS TO THE EXISTING OBLIGATIONS PURSUANT TO THIS FIRST
AMENDMENT IN NO WAY SHALL OBLIGATE BANK TO MAKE ANY FUTURE MODIFICATIONS TO THE
OBLIGATIONS. NOTHING IN THIS FIRST AMENDMENT SHALL CONSTITUTE A SATISFACTION OF
THE OBLIGATIONS. IT IS THE INTENTION OF BANK AND BORROWER TO RETAIN AS LIABLE
PARTIES ALL MAKERS OF EXISTING LOAN DOCUMENTS, UNLESS THE PARTY IS EXPRESSLY
RELEASED BY BANK IN WRITING. NO MAKER WILL BE RELEASED BY VIRTUE OF THIS FIRST
AMENDMENT.

COUNTERSIGNATURE. THIS FIRST AMENDMENT SHALL BECOME EFFECTIVE ONLY WHEN IT SHALL
HAVE BEEN EXECUTED BY BORROWER AND BANK (PROVIDED, HOWEVER, IN NO EVENT SHALL
THIS FIRST AMENDMENT BECOME EFFECTIVE UNTIL SIGNED BY AN OFFICER OF BANK IN
CALIFORNIA).

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

<Page>

     This First Amendment is executed as a sealed instrument under the laws of
the Commonwealth of Massachusetts as of the date first written above.

BORROWER:
SATCON  TECHNOLOGY CORPORATION

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON POWER SYSTEMS, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON APPLIED TECHNOLOGY, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON ELECTRONICS, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON POWER SYSTEMS CANADA LTD.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

<Page>

BANK:
SILICON VALLEY BANK

By /s/ John K. Peck
  ------------------------------

Title  Vice President
     ---------------------------

<Page>

                    SECOND AMENDMENT TO AMENDED AND RESTATED
                     ACCOUNTS RECEIVABLE FINANCING AGREEMENT

     This Second Amendment (the "Second Amendment") to the Amended and Restated
Accounts Receivable Financing Agreement is entered into as of August 11, 2003,
by and among (i) SILICON VALLEY BANK, a California-chartered bank, with its
principal place of business at 3003 Tasman Drive, Santa Clara, California 95054
and with a loan production office located at One Newton Executive Park, Suite
200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under
the name "Silicon Valley East" ("Bank") and (ii) SATCON TECHNOLOGY CORPORATION,
a Delaware corporation with offices located at 161 First Street, Cambridge,
Massachusetts (FAX 617-661-3373); SATCON POWER SYSTEMS, INC., Delaware
corporation with offices located at 161 First Street, Cambridge, Massachusetts;
SATCON APPLIED TECHNOLOGY, INC., a Delaware corporation with offices located at
161 First Street, Cambridge, Massachusetts; SATCON ELECTRONICS, INC., a Delaware
corporation with offices located at 161 First Street, Cambridge, Massachusetts;
and SATCON POWER SYSTEMS CANADA LTD. a corporation organized under the laws of
the Province of Ontario, Canada with offices located at 161 First Street,
Cambridge, Massachusetts (individually and collectively, jointly and severally,
"Borrower").

DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. AMONG OTHER INDEBTEDNESS
AND OBLIGATIONS WHICH MAY BE OWING BY BORROWER TO BANK, BORROWER IS INDEBTED TO
BANK PURSUANT TO A CERTAIN AMENDED AND RESTATED ACCOUNTS RECEIVABLE FINANCING
AGREEMENT DATED AS OF APRIL 4, 2003, AS AMENDED BY A FIRST AMENDMENT TO AMENDED
AND RESTATED ACCOUNTS RECEIVABLE FINANCING AGREEMENT DATED AS OF JUNE 24, 2003
(AS AMENDED FROM TIME TO TIME, THE "LOAN AGREEMENT"). CAPITALIZED TERMS USED BUT
NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE SAME MEANING AS IN THE LOAN
AGREEMENT.

Hereinafter, all indebtedness and obligations owing by Borrower to Bank shall be
referred to as the "Obligations".

DESCRIPTION OF COLLATERAL. REPAYMENT OF THE OBLIGATIONS IS SECURED BY THE
COLLATERAL AS DESCRIBED IN THE LOAN AGREEMENT (TOGETHER WITH ANY OTHER
COLLATERAL SECURITY GRANTED TO BANK, THE "SECURITY DOCUMENTS").

Hereinafter, the Security Documents, together with all other documents
evidencing or securing the Obligations shall be referred to as the "Existing
Loan Documents".

DESCRIPTION OF CHANGE IN TERMS.

                ACKNOWLEDGMENT OF DEFAULT; FOREBEARANCE BY BANK.

BORROWER ACKNOWLEDGES THAT IT IS CURRENTLY IN DEFAULT UNDER THE LOAN AGREEMENT
          BY ITS FAILURE TO COMPLY WITH THE FINANCIAL COVENANT SET FORTH IN
          SECTION 6.3(N) THEREOF. BANK, HOWEVER, HEREBY AGREES TO FORBEAR FROM
          EXERCISING ITS RIGHTS AND REMEDIES WITH RESPECT TO SUCH DEFAULT UNTIL
          THE EARLIER TO OCCUR OF (i) AN EVENT OF DEFAULT UNDER THE LOAN
          AGREEMENT (OTHER THAN THE FAILURE OF THE BORROWER TO COMPLY WITH THE
          ABOVE COVENANT) OR (ii) AUGUST 31, 2003. THE BORROWER HEREBY
          ACKNOWLEDGES AND AGREES THAT EXCEPT AS SPECIFICALLY PROVIDED HEREIN,
          NOTHING IN THIS SECTION OR ANYWHERE IN THIS SECOND AMENDMENT SHALL BE
          DEEMED OR OTHERWISE CONSTRUED AS A WAIVER BY THE BANK OF ANY OF ITS
          RIGHTS AND REMEDIES PURSUANT TO THE EXISTING LOAN DOCUMENTS,
          APPLICABLE LAW OR OTHERWISE.

                                    WAIVERS.

BANK HEREBY WAIVES BORROWER'S EXISTING DEFAULTS UNDER THE LOAN AGREEMENT BY
          VIRTUE OF BORROWER'S FAILURE TO COMPLY WITH THE FINANCIAL COVENANT SET
          FORTH IS SECTION 6.3(M) THEREOF AS OF THE MONTH ENDING JUNE 30, 2003.
          BANK'S WAIVER OF BORROWER'S COMPLIANCE OF SAID AFFIRMATIVE COVENANT
          SHALL APPLY ONLY TO THE FOREGOING SPECIFIC PERIOD.

<Page>

FEES. BORROWER SHALL PAY TO BANK A MODIFICATION FEE EQUAL TO SEVEN THOUSAND FIVE
HUNDRED DOLLARS ($7,500.00), WHICH FEE SHALL BE DUE ON THE DATE HEREOF AND SHALL
BE DEEMED FULLY EARNED AS OF THE DATE HEREOF. THE BORROWER SHALL ALSO REIMBURSE
BANK FOR ALL LEGAL FEES AND EXPENSES INCURRED IN CONNECTION WITH THIS AMENDMENT
TO THE EXISTING LOAN DOCUMENTS.

RATIFICATION OF INTELLECTUAL PROPERTY SECURITY AGREEMENT. BORROWER HEREBY
RATIFIES, CONFIRMS AND REAFFIRMS, ALL AND SINGULAR, THE TERMS AND CONDITIONS OF
A CERTAIN INTELLECTUAL PROPERTY SECURITY AGREEMENT DATED AS OF DECEMBER 19, 2002
BETWEEN BORROWER AND BANK, AND ACKNOWLEDGES, CONFIRMS AND AGREES THAT SAID
INTELLECTUAL PROPERTY SECURITY AGREEMENT CONTAINS AN ACCURATE AND COMPLETE
LISTING OF ALL INTELLECTUAL PROPERTY COLLATERAL AS DEFINED IN SAID INTELLECTUAL
PROPERTY SECURITY AGREEMENT, SHALL REMAIN IN FULL FORCE AND EFFECT.

CONSISTENT CHANGES. THE EXISTING LOAN DOCUMENTS ARE HEREBY AMENDED WHEREVER
NECESSARY TO REFLECT THE CHANGES DESCRIBED ABOVE.

RATIFICATION OF LOAN DOCUMENTS. BORROWER HEREBY RATIFIES, CONFIRMS, AND
REAFFIRMS ALL TERMS AND CONDITIONS OF ALL SECURITY OR OTHER COLLATERAL GRANTED
TO THE BANK, AND CONFIRMS THAT THE INDEBTEDNESS SECURED THEREBY INCLUDES,
WITHOUT LIMITATION, THE OBLIGATIONS.

NO DEFENSES OF BORROWER. BORROWER HEREBY ACKNOWLEDGES AND AGREES THAT BORROWER
HAS NO OFFSETS, DEFENSES, CLAIMS, OR COUNTERCLAIMS AGAINST BANK WITH RESPECT TO
THE OBLIGATIONS, OR OTHERWISE, AND THAT IF BORROWER NOW HAS, OR EVER DID HAVE,
ANY OFFSETS, DEFENSES, CLAIMS, OR COUNTERCLAIMS AGAINST BANK, WHETHER KNOWN OR
UNKNOWN, AT LAW OR IN EQUITY, ALL OF THEM ARE HEREBY EXPRESSLY WAIVED AND
BORROWER HEREBY RELEASES BANK FROM ANY LIABILITY THEREUNDER.

CONTINUING VALIDITY. BORROWER UNDERSTANDS AND AGREES THAT IN MODIFYING THE
EXISTING OBLIGATIONS, BANK IS RELYING UPON BORROWER'S REPRESENTATIONS,
WARRANTIES, AND AGREEMENTS, AS SET FORTH IN THE EXISTING LOAN DOCUMENTS. EXCEPT
AS EXPRESSLY MODIFIED PURSUANT TO THIS SECOND AMENDMENT, THE TERMS OF THE
EXISTING LOAN DOCUMENTS REMAIN UNCHANGED AND IN FULL FORCE AND EFFECT. BANK'S
AGREEMENT TO MODIFICATIONS TO THE EXISTING OBLIGATIONS PURSUANT TO THIS SECOND
AMENDMENT IN NO WAY SHALL OBLIGATE BANK TO MAKE ANY FUTURE MODIFICATIONS TO THE
OBLIGATIONS. NOTHING IN THIS SECOND AMENDMENT SHALL CONSTITUTE A SATISFACTION OF
THE OBLIGATIONS. IT IS THE INTENTION OF BANK AND BORROWER TO RETAIN AS LIABLE
PARTIES ALL MAKERS OF EXISTING LOAN DOCUMENTS, UNLESS THE PARTY IS EXPRESSLY
RELEASED BY BANK IN WRITING. NO MAKER WILL BE RELEASED BY VIRTUE OF THIS SECOND
AMENDMENT.

COUNTERSIGNATURE. THIS SECOND AMENDMENT SHALL BECOME EFFECTIVE ONLY WHEN IT
SHALL HAVE BEEN EXECUTED BY BORROWER AND BANK (PROVIDED, HOWEVER, IN NO EVENT
SHALL THIS SECOND AMENDMENT BECOME EFFECTIVE UNTIL SIGNED BY AN OFFICER OF BANK
IN CALIFORNIA).

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

<Page>

     This Second Amendment is executed as a sealed instrument under the laws of
the Commonwealth of Massachusetts as of the date first written above.

BORROWER:
SATCON TECHNOLOGY CORPORATION

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON POWER SYSTEMS, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON APPLIED TECHNOLOGY, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON ELECTRONICS, INC.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

SATCON POWER SYSTEMS CANADA LTD.

By /s/ Ralph M. Norwood
  ------------------------------

Name:  Ralph M. Norwood
     ---------------------------

Title  VP & CFO
     ---------------------------

<Page>

BANK:
SILICON VALLEY BANK

By /s/ John K. Peck
  ------------------------------

Title  Vice President
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Exhibit 10.1    
    

 
 

EMPLOYMENT AGREEMENT    
    

        THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into by and between Shana Fisher ("Employee") and InterActiveCorp, a Delaware corporation (the "Company"), and
is effective June 30, 2003 (the "Effective Date"). 

        WHEREAS,
the Company desires to establish its right to the services of Employee, in the capacity described below, on the terms and conditions hereinafter set forth, and Employee is
willing to accept such employment on such terms and conditions. 

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

        1A.    EMPLOYMENT.    The Company agrees to employ Employee as Senior Vice President, Business Operations and Employee
accepts and agrees to such employment. During Employee's employment with the Company, Employee shall do and perform all services and acts necessary or advisable to fulfill the duties and
responsibilities as are commensurate and consistent with Employee's position and shall render such services on the terms set forth herein. During Employee's employment with the Company, Employee shall
report directly to the Executive Vice President, Business Operations or such person(s) as from time to time may be designated by the Company (hereinafter referred to as the "Reporting Officer").
Employee shall have such powers and duties with respect to the Company as may reasonably be assigned to Employee by the Reporting Officer, to the extent consistent with Employee's position and status.
Employee agrees to devote all of Employee's working time, attention and efforts to the Company and to perform the duties of Employee's position in accordance with the Company's policies as in effect
from time to time. Employee's principal place of employment shall be the Company's offices located in New York, New York. 

        2A.    TERM OF AGREEMENT.    The term ("Term") of this Agreement shall commence on the Effective Date and shall
continue for a period of two (2) years, unless sooner terminated in accordance with the provisions of Section 1 of the Standard Terms and Conditions attached hereto. 

        3A.    COMPENSATION.    

        (a)    BASE SALARY.    During the Term, the Company shall pay Employee an annual base salary of $400,000 (the "Base
Salary"), payable in equal biweekly installments or in accordance with the Company's payroll practice as in effect from time to time. For all purposes under this Agreement, the term "Base Salary"
shall refer to Base Salary as in effect from time to time. 

        (b)    DISCRETIONARY BONUS.    During the Term, Employee shall be eligible (on terms at least commensurate with other
executives of the Company at the SVP level) to receive discretionary annual bonuses, including for calendar year 2003, along with similarly situated executives. In addition, Employee shall receive
$100,000 as an advance against her 2003 bonus, which amount shall be paid along with her first payroll check. 

        (c)    RESTRICTED STOCK.    In consideration of Employee's entering into this Agreement and as an inducement to join
the Company, Employee shall be granted restricted stock units representing 35,000 shares of Common Stock of InterActiveCorp (the "Restricted Stock Units") pursuant to a restricted stock unit agreement
(the "Restricted Stock Unit Agreement"), subject to the approval of the Compensation Committee of the Board of Directors of InterActiveCorp (the "Compensation Committee"). The date of grant of the
Restricted Stock Units shall be the later of (x) the Effective Date and (y) the date on which the grant is approved by the Compensation Committee. The Restricted Stock Units may be
subject to such performance conditions as the Compensation Committee determines are appropriate and advisable to meet the conditions of Section 162(m) of the Internal Revenue Code. The
Restricted Stock Units shall vest and no longer be subject to any restriction in four equal installments on each of the second, third, fourth and fifth anniversaries of the Effective Date (the
"Restriction Period"), subject to the satisfaction of 

 

the
performance conditions and Employee's continued employment through such date. In the event of any conflict or ambiguity between this Agreement and the Restricted Stock Unit Agreement, the
Restricted Stock Unit Agreement shall control. 

        (d)    BENEFITS.    From the Effective Date through the date of termination of Employee's employment with the Company
for any reason, Employee shall be entitled to participate in any welfare, health and life insurance and pension benefit and incentive programs as may be adopted from time to time by the
Company on the same basis as that provided to similarly situated employees of the Company. Without limiting the generality of the foregoing, Employee shall be entitled to the following benefits: 

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

        (ii)    Vacation.    During the Term, Employee shall be entitled to vacation per year, in accordance with the plans,
policies, programs and practices of the Company applicable to similarly situated employees of the Company generally. 

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

	If to the Company:	 	InterActiveCorp
	

 	
 	

152 West 57th Street

New York, NY 10019

Attention: General Counsel
	

If to Employee:	
 	

[Address]

[City, State] [Zip]

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

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

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

2

 

        IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed and delivered by its duly authorized officer and Employee has executed and delivered this Agreement on
July 15, 2003. 

	 	 	INTERACTIVECORP
	

 	
 	

/s/  DAVID ELLEN      

	 	 	By:	David Ellen
	 	 	Title:	Acting General Counsel
	

 	
 	

/s/  SHANA FISHER      
 Shana Fisher

3

  

 
 

STANDARD TERMS AND CONDITIONS    
    

        1.    TERMINATION OF EMPLOYEE'S EMPLOYMENT.    

        (a)    DEATH.    In the event Employee's employment hereunder is terminated by reason of Employee's death, the Company
shall pay Employee's designated beneficiary or beneficiaries, within 30 days of Employee's death in a lump sum in cash, Employee's Base Salary through the end of the month in which death occurs
and any Accrued Obligations (as defined in paragraph 1(f) below). 

        (b)    DISABILITY.    If, as a result of Employee's incapacity due to physical or mental illness ("Disability"),
Employee shall have been absent from the full-time performance of Employee's duties with the Company for a period of four consecutive months and, within 30 days after written notice
is provided to Employee by the Company (in accordance with Section 6 hereof), Employee shall not have returned to the full-time performance of Employee's duties, Employee's
employment under this Agreement may be terminated by the Company for Disability. During any period prior to such termination during which Employee is absent from the full-time performance
of Employee's duties with the Company due to Disability, the Company shall continue to pay Employee's Base Salary at the rate in effect at the commencement of such period of Disability, offset by any
amounts payable to Employee under any disability insurance plan or policy provided by the Company. Upon termination of Employee's employment due to Disability, the Company shall pay Employee within
30 days of such termination (i) Employee's Base Salary through the end of the month in which termination occurs in a lump sum in cash, offset by any amounts payable to Employee under any
disability insurance plan or policy provided by the Company; and (ii) any Accrued Obligations (as defined in paragraph 1(f) below). 

        (c)    TERMINATION FOR CAUSE.    The Company may terminate Employee's employment under this Agreement for Cause at any
time prior to the expiration of the Term. As used herein, "Cause" shall mean: (i) the plea of guilty or nolo contendere to, or conviction for, the commission of a felony offense by Employee;
provided, however, that after indictment, the Company may suspend Employee from the rendition of services, but without limiting or modifying in any other way the Company's obligations under this
Agreement; (ii) a material breach by Employee of a fiduciary duty owed to the Company; (iii) a material breach by Employee of any of the covenants made by Employee in Section 2
hereof; (iv) the willful or gross neglect by Employee of the material duties required by this Agreement; or (v) a violation of any Company policy pertaining to ethics, wrongdoing or
conflicts of interest. In the event
of Employee's termination for Cause, this Agreement shall terminate without further obligation by the Company, except for the payment of any Accrued Obligations (as defined in paragraph 1(f)
below). 

        (d)    TERMINATION BY THE COMPANY OTHER THAN FOR DEATH, DISABILITY OR CAUSE.    If Employee's employment is terminated
by the Company for any reason other than Employee's death or Disability or for Cause, then (i) the Company shall pay Employee the Base Salary through the end of the Term over the course of the
then remaining Term; and (ii) the Company shall pay Employee within 30 days of the date of such termination in a lump sum in cash any Accrued Obligations (as defined in
paragraph 1(f) below). The payment to Employee of the severance benefits described in this Section 1(d) shall be subject to Employee's execution and non-revocation of a
general release of the Company and its affiliates in a form substantially similar to that used for similarly situated executives of the Company and its affiliates. 

        (e)    MITIGATION; OFFSET.    In the event of termination of Employee's employment prior to the end of the Term,
Employee shall use reasonable best efforts to seek other employment and to take other reasonable actions to mitigate the amounts payable under Section 1 hereof. If Employee obtains other
employment during the Term, the amount of any payment or benefit provided for under Section 1 hereof which has been paid to Employee shall be refunded to the 

4

 

Company
by Employee in an amount equal to any compensation earned by Employee as a result of employment with or services provided to another employer after the date of Employee's termination of
employment and prior to the otherwise applicable expiration of the Term, and all future amounts payable by the Company to Employee during the remainder of the Term shall be offset by the amount earned
by Employee from another employer. For purposes of this Section 1(e), Employee shall have an obligation to inform the Company regarding Employee's employment status following termination and
during the period encompassing the Term. 

        (f)    ACCRUED OBLIGATIONS.    As used in this Agreement, "Accrued Obligations" shall mean the sum of (i) any
portion of Employee's Base Salary through the date of death or termination of employment for any reason, as the case may be, which has not yet been paid; and (ii) any compensation previously
earned but deferred by Employee (together with any interest or earnings thereon) that has not yet been paid. 

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

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

        (b)    NON-COMPETITION.    During the Employee's employment and the 12 month period commencing
immediately upon the termination of Employee's employment for any reason, Employee shall not, without the prior written consent of the Company, work for or with any significant competitor of
InterActiveCorp (which shall include being an employee, consultant, or director of said competitor) anywhere in the world that the Company or any of its subsidiaries or affiliates does business.
Notwithstanding the foregoing, Employee shall not be prohibited from working for or with any hedge fund, investment bank or similar entities. 

        (c)    NON-SOLICITATION OF EMPLOYEES.    Employee recognizes that he or she will possess confidential
information about other employees of the Company and its subsidiaries or affiliates relating to their education, experience, skills, abilities, compensation and benefits, and inter-personal
relationships with suppliers to and customers of the Company and its subsidiaries or affiliates. Employee recognizes that the information he or she will possess about these other employees is not
generally known, is of substantial value to the Company and its subsidiaries or 

5

 

affiliates
in developing their respective businesses and in securing and retaining customers, and will be acquired by Employee because of Employee's business position with the Company. Employee agrees
that, during the Term (and for a period of 24 months beyond the expiration of the Term), Employee will not, directly or indirectly, solicit or recruit any employee of the Company or any of its
subsidiaries or affiliates for the purpose of being employed by Employee or by any business, individual, partnership, firm, corporation or other entity on whose behalf Employee is acting as an agent,
representative or employee and that Employee will not convey any such confidential information or trade secrets about other employees of the Company or any of its subsidiaries or affiliates to any
other person except within the scope of Employee's duties hereunder. 

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

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

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

        Employee
expressly agrees and understands that the remedy at law for any breach by Employee of this Section 2 will be inadequate and that damages flowing from such breach are not
usually susceptible to being measured in monetary terms. Accordingly, it is acknowledged that upon Employee's violation of any provision of this Section 2 the Company shall be entitled to
obtain from any court of competent jurisdiction immediate injunctive relief and obtain a temporary order restraining any threatened or further breach as well as an equitable accounting of all profits
or benefits arising out of such violation. Nothing in this Section 2 shall be deemed to limit the Company's remedies at law or in equity for any breach by Employee of any of the provisions of
this Section 2, which may be pursued by or available to the Company. 

        (g)    SURVIVAL OF PROVISIONS.    The obligations contained in this Section 2 shall, to the extent provided in
this Section 2, survive the termination or expiration of Employee's employment with the Company and, as applicable, shall be fully enforceable thereafter in accordance with the terms of this
Agreement. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 2 is excessive in duration or scope or is unreasonable or unenforceable
under the laws of that state, it is the intention of the parties that such restriction 

6

 

may
be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of that state. 

        3.    TERMINATION OF PRIOR AGREEMENTS.    This Agreement constitutes the entire agreement between the parties and
terminates and supersedes any and all prior agreements and understandings (whether written or oral) between the parties with respect to the subject matter of this Agreement. Employee acknowledges and
agrees that neither the Company nor anyone acting on its behalf has made, and is not making, and in executing this Agreement, the Employee has not relied upon, any representations, promises or
inducements except to the extent the same is expressly set forth in this Agreement. Employee hereby represents and warrants that by entering into this Agreement, Employee will not rescind or otherwise
breach an employment agreement with Employee's current employer prior to the natural expiration date of such agreement 

        4.    ASSIGNMENT; SUCCESSORS.    This Agreement is personal in its nature and none of the parties hereto shall,
without the consent of the others, assign or transfer this Agreement or any rights or obligations hereunder, provided that, in the event of the merger, consolidation, transfer, or sale of all or
substantially all of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such
successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder, and all references herein to the "Company" shall refer to such
successor. 

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

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

        7.    WAIVER; MODIFICATION.    Failure to insist upon strict compliance with any of the terms, covenants, or
conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any
waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any
other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto. Notwithstanding anything to the contrary herein, neither the assignment of
Employee to a different Reporting Officer due to a reorganization or an internal restructuring of the Company or its affiliated companies nor a change in the title of the Reporting Officer shall
constitute a modification or a breach of this Agreement. 

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

        9.    INDEMNIFICATION.    The Company shall indemnify and hold Employee harmless for acts and omissions in Employee's
capacity as an officer, director or employee of the Company to the maximum extent permitted under applicable law; provided, however, that neither the
Company, nor any 

7

 

of
its subsidiaries or affiliates shall indemnify Employee for any losses incurred by Employee as a result of acts described in Section 1(c) of this Agreement. 

	ACKNOWLEDGED AND AGREED:	 	 	 
	Date:	 	 	 
	 	 	INTERACTIVECORP
	

 	
 	

/s/  DAVID ELLEN      

	 	 	By:	David Ellen
	 	 	Title:	Acting General Counsel
	

 	
 	

/s/  SHANA FISHER      
 Shana Fisher

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QuickLinks

Exhibit 10.1

EMPLOYMENT AGREEMENT

STANDARD TERMS AND CONDITIONS

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