Document:

EX-10.2

 Exhibit 10.2 

UK form             

HOMEAWAY, INC. 
 2011
EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 

Unless otherwise defined herein, the terms defined in the HomeAway, Inc. 2011 Equity Incentive Plan (the “Plan”) will have the same
defined meanings in this Restricted Stock Agreement, including the Notice of Restricted Stock Grant (the “Notice of Grant”) and Terms and Conditions of Restricted Stock Grant, attached hereto as Exhibit A, including any appendices
thereto (together, the “Agreement”). 
 NOTICE OF RESTRICTED STOCK GRANT 

 

					
	Participant Name:		  
		
			
	Address:		  
		
			
			  
		

 Participant has been granted the right to receive an Award of Restricted Stock, subject to the terms and
conditions of the Plan and this Agreement, as follows: 
  

					
	Grant Number		  
		
			
	Date of Grant		  
		
			
	Vesting Commencement Date		  
		
			
	Total Number of Shares Granted		  
		

 Vesting Schedule: 

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock will vest and the Company’s right to
reacquire the Restricted Stock will lapse in accordance with the following schedule: 
 Twenty-five percent (25%) of the Shares of
Restricted Stock will vest on the one (1) year anniversary of the Vesting Commencement Date, and twenty-five percent (25%) of the Shares of Restricted Stock will vest each year thereafter on the same day as the Vesting Commencement Date,
subject to Participant continuing to be a Service Provider through each such date. 

  
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 By Participant’s signature and the signature of the representative of HomeAway, Inc.
(the “Company”) below, Participant and the Company agree that this Award of Restricted Stock is granted under and governed by the terms and conditions of the Plan and this Agreement. Participant has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the Plan and Agreement. Participant hereby agrees to accept as binding, conclusive and
final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Agreement. Participant further agrees to notify the Company upon any change in the residence address indicated below. 

 

					
	PARTICIPANT				HOMEAWAY, INC.
			
	  
				  

	Signature				By
			
	  
				  

	Print Name				Title
			
	Residence Address:				
			
	  
				
			
	  
				

  
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 EXHIBIT A 

TERMS AND CONDITIONS OF RESTRICTED STOCK GRANT 

1. Grant of Restricted Stock. The Company hereby grants to the Participant named in the Notice of Grant (the “Participant”)
under the Plan for past services and as a separate incentive in connection with his or her services and not in lieu of any salary or other compensation for his or her services, an Award of Shares of Restricted Stock, subject to all of the terms and
conditions in this Agreement and the Plan, which is incorporated herein by reference. Subject to Section 20(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement,
the terms and conditions of the Plan will prevail. 
 2. Escrow of Shares. 

(a) All Shares of Restricted Stock will, upon execution of this Agreement, be delivered and deposited with an escrow holder designated by the
Company (the “Escrow Holder”). The Shares of Restricted Stock will be held by the Escrow Holder until such time as the Shares of Restricted Stock vest or the date Participant ceases to be a Service Provider. 

(b) The Escrow Holder will not be liable for any act it may do or omit to do with respect to holding the Shares of Restricted Stock in escrow
while acting in good faith and in the exercise of its judgment. 
 (c) Upon Participant’s termination as a Service Provider for any
reason, the Escrow Holder, upon receipt of written notice of such termination, will take all steps necessary to accomplish the transfer of the unvested Shares of Restricted Stock to the Company. Participant hereby appoints the Escrow Holder with
full power of substitution, as Participant’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of Participant to take
any action and execute all documents and instruments, including, without limitation, stock powers which may be necessary to transfer the certificate or certificates evidencing such unvested Shares of Restricted Stock to the Company upon such
termination. 
 (d) The Escrow Holder will take all steps necessary to accomplish the transfer of Shares of Restricted Stock to Participant
after they vest following Participant’s request that the Escrow Holder do so. 
 (e) Subject to the terms hereof, Participant will have
all the rights of a stockholder with respect to the Shares while they are held in escrow, including without limitation, the right to vote the Shares and to receive any cash dividends declared thereon. 

(f) In the event of any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the
Company affecting the Shares, the Shares of Restricted Stock will be increased, reduced or otherwise changed, and by virtue of any such change Participant will in his or her capacity as owner of unvested Shares of Restricted Stock be entitled to new
or additional or different shares 

  
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of stock, cash or securities (other than rights or warrants to purchase securities); such new or additional or different shares, cash or securities will thereupon be considered to be unvested
Shares of Restricted Stock and will be subject to all of the conditions and restrictions which were applicable to the unvested Shares of Restricted Stock pursuant to this Agreement. If Participant receives rights or warrants with respect to any
unvested Shares of Restricted Stock, such rights or warrants may be held or exercised by Participant, provided that until such exercise any such rights or warrants and after such exercise any shares or other securities acquired by the exercise of
such rights or warrants will be considered to be unvested Shares of Restricted Stock and will be subject to all of the conditions and restrictions which were applicable to the unvested Shares of Restricted Stock pursuant to this Agreement. The
Administrator in its absolute discretion at any time may accelerate the vesting of all or any portion of such new or additional shares of stock, cash or securities, rights or warrants to purchase securities or shares or other securities acquired by
the exercise of such rights or warrants. 
 (g) The Company may instruct the transfer agent for its Common Stock to place a legend on the
certificates representing the Restricted Stock or otherwise note its records as to the restrictions on transfer set forth in this Agreement. 

3. Vesting Schedule. Except as provided in Section 4, and subject to Section 5, the Shares of Restricted Stock awarded by
this Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Shares of Restricted Stock scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in
accordance with any of the provisions of this Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 

4. Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of
the balance, of the unvested Restricted Stock at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock will be considered as having vested as of the date specified by the Administrator. 

5. Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Agreement, the balance
of the Shares of Restricted Stock that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason will be forfeited and automatically transferred to and reacquired by the Company at no cost to the
Company upon the date of such termination and Participant will have no further rights thereunder. Participant will not be entitled to a refund of the price paid for the Shares of Restricted Stock, if any, returned to the Company pursuant to this
Section 5. Participant hereby appoints the Escrow Agent with full power of substitution, as Participant’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of Participant to take any action and
execute all documents and instruments, including, without limitation, stock powers which may be necessary to transfer the certificate or certificates evidencing such unvested Shares to the Company upon such termination of service. 

6. Death of Participant. Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then
deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his
or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

  
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 7. Withholding of Taxes. Notwithstanding any contrary provision of this Agreement, no
certificate representing the Shares of Restricted Stock may be released from the escrow established pursuant to Section 2, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with
respect to the payment of income, employment, social insurance, payroll and other taxes which the Company determines must be withheld with respect to such Shares. Prior to vesting of the Restricted Stock, Participant will pay or make adequate
arrangements satisfactory to the Company and/or the Participant’s employer (the “Employer”) to satisfy all withholding and payment obligations of the Company and/or the Employer. In this regard, Participant authorizes the Company
and/or the Employer to withhold all applicable tax withholding obligations legally payable by Participant from his or her wages or other cash compensation paid to Participant by the Company and/or the Employer or from proceeds of the sale of Shares.
Alternatively, or in addition, if permissible under applicable local law, the Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit or require Participant to satisfy such tax
withholding obligation, in whole or in part (without limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld,
(c) delivering to the Company already vested and owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares otherwise deliverable to Participant through such means
as the Company may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the
obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required tax withholding obligations
hereunder at the time any applicable Shares otherwise are scheduled to vest pursuant to Sections 3 or 4 or tax withholding obligations related to the applicable Shares otherwise are due, Participant will permanently forfeit such Shares and the
Shares will be returned to the Company at no cost to the Company. 
 8. Rights as Stockholder. Neither Participant nor any person
claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on
the records of the Company or its transfer agents or registrars, and delivered to Participant or the Escrow Agent. Except as provided in Section 2(f), after such issuance, recordation and delivery, Participant will have all the rights of a
stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 9. No
Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE SHARES OF RESTRICTED STOCK PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY OR OTHER AFFILIATE EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT,
THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET 

  
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FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY
WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY OR OTHER AFFILIATE EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

10. Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company at
HomeAway, Inc., 1011 W. 5th Street, Suite 300, Austin, Texas, 78703, or at such other address as the Company may hereafter designate in writing. 

11. Grant is Not Transferable. Except to the limited extent provided in Section 6, the unvested Shares subject to this grant and
the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any
attempt to transfer, assign, pledge, hypothecate or otherwise dispose of any unvested Shares of Restricted Stock subject to this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 12. Binding Agreement.
Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

13. Additional Conditions to Release from Escrow. The Company will not be required to issue any certificate or certificates for Shares
hereunder or release such Shares from the escrow established pursuant to Section 2 prior to fulfillment of all the following conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is
then listed; (b) the completion of any registration or other qualification of such Shares under any state or federal law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body or
the securities exchange on which the Shares are then registered, which the Administrator will, in its absolute discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any state or federal governmental
agency, which the Administrator will, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the date of grant of the Restricted Stock as the Administrator may establish
from time to time for reasons of administrative convenience. 
 14. Additional Conditions to Issuance of Stock. If at any time the
Company will determine, in its discretion, that the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or foreign law, the tax code and related regulations or the consent or
approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate) hereunder, such issuance will not occur unless and until such listing, registration,
qualification, rule compliance, consent or approval will have been completed, effected or obtained free of any 

  
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conditions not acceptable to the Company. Where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company
will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state, federal
or foreign law or securities exchange and to obtain any such consent or approval of any such governmental authority or securities exchange. 

15. Plan Governs. This Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more
provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Agreement will have the meaning set forth in the Plan. 

16. Administrator Authority. The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for
the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Shares of Restricted Stock have vested). All
actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will be personally liable for
any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 17. Electronic
Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the Shares of Restricted Stock awarded under the Plan or future Restricted Stock that may be awarded under the Plan by electronic means or request
Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the Company. 
 18. Captions. Captions provided herein are for
convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 19. Agreement Severable. In
the event that any provision in this Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this
Agreement. 
 20. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects
covered. Participant expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an
express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its
sole discretion and without the consent of Participant, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) or to otherwise avoid imposition of any additional tax or income recognition under
Section 409A of the Code in connection to this Award of Restricted Stock. 

  
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 21. Amendment, Suspension or Termination of the Plan. By accepting this Award, Participant
expressly warrants that he or she has received an Award of Restricted Stock under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended,
suspended or terminated by the Company at any time. 
 22. Governing Law. This Agreement will be governed by the internal substantive
laws, but not the choice of law rules, of Texas. For purposes of litigating any dispute that arises under this Award of Restricted Stock or this Award Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Texas, and
agree that such litigation will be conducted in the courts of Travis County, New Jersey, or the federal courts for the United States for the Western District of Texas, and no other courts, where this Award is made and/or to be performed. 

23. Independent Advice. By accepting this Award, the Participant acknowledges that he or she understands and agrees that it is his or
her obligation to consult with his or her own personal tax, legal and financial advisors regarding participation in the Plan and receipt of this Award before taking any action with respect to the Award or this Plan, including disposing of any
Shares. The Company is not providing any individual tax, legal or financial advice to Participants in connection with the Plan, nor is the Company making any recommendations to any Participant relating to participation in the Plan or acquisition or
sale of Shares. 
 24. No Right to Damages. By accepting this Award, the Participant acknowledges that he or she has no right to
bring a claim or to receive damages if all or any portion of the Award is cancelled, expires or forfeited. The loss of any potential profit in the Award will not constitute an element of damages in the event of the termination of Participant’s
status as a Service Provider for any reason, even if the termination is in violation of an obligation of the Company, Subsidiary, Parent or other affiliate of the Company to the Participant. 

25. Awards granted to Non-U.S. Residents Subject to Appendix B. If Participant is a Service Provider residing outside of the U.S., by
signing below, Participant acknowledges and agrees that this Award is also subject to the Further Terms and Conditions of the Restricted Stock Grant, attached hereto as Exhibit B, which also are made a part of this Agreement. 

  
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 UK form             

EXHIBIT B 

FURTHER TERMS AND CONDITIONS OF PERFORMANCE RESTRICTED STOCK UNIT GRANT APPLICABLE TO NON-U.S. RESIDENTS 

Any Participant who is not a U.S. resident on the Date of Grant, by acceptance of the Award, agrees to be subject to the additional terms and
conditions set forth below. All initially capitalized terms used herein and not otherwise defined shall have the meaning assigned such terms in the Award Agreement, of which this Exhibit B forms a part, or the Plan, as applicable. 

 

	1.	Data Privacy. The Participant explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of the Participant’s personal data as described in this Award Agreement by
and among the Company, and its subsidiaries and affiliates for the exclusive purpose of implementing, administering and managing his or her participation in the Plan. Further: 

 

	 	a.	The Participant acknowledges and agrees that he or she understands that the Company, its Parent, any Subsidiary or other affiliate of the Company holds certain personal information about the Participant, including, but
not limited to, his or her name, home address, personal telephone number, date of birth, social insurance or other identification number, salary, immigration status, nationality, job title, any securities, shares or directorships held in the Company
(or its Parents, Subsidiaries or other affiliates), details of all options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor, for the purpose of implementing,
administering and managing the Plan (“Data”). 

  

	 	b.	The Participant acknowledges and agrees that he or she understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan; that these recipients may
be located in the Participant’s home country, in the U.S. or elsewhere, and that such country may have different data privacy laws and protections from Participant’s home country. The Participant understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting his/her local human resources representative. The Participant authorizes the Data recipients to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the purposes of implementing, administering and managing his/her participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom Participant may
elect to deposit any Shares acquired in connection with the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage his or her 

  
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participation in the Plan. Participant understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing Participant’s local human resources representative. The Participant understands, however, that refusing or withdrawing his/her
consent may affect his/her ability to participate in the Plan. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant acknowledges that he or she may contact his or her local human resources
representative. 

  

	 	c.	The Participant acknowledges that the Company has engaged [IDENTIFY WHERE KNOWN] to perform [BROKERAGE SERVICES/VALUATIONS, ETC.] that pertain to the Plan and may engage other plan administrators (collectively, the
“Third Parties”) as third parties to assist in implementation, administration and management of the Plan. The Participant expressly authorizes the Third Parties, together with their successors and assigns, to receive, possess, use and
transfer the Data as contemplated hereby. The Participant acknowledges and agrees that, from time-to-time the Company may replace the Third Parties with alternative service providers, and may add other third parties as service providers in
connection with the Plan, and the Participant expressly authorizes and agrees that any such parties are also authorized to receive, possess, use and transfer the Data as contemplated hereby. 

 

	2.	Currency Exchange Control Risk. The Participant acknowledges and agrees that he or she shall bear any and all risk associated with the exchange or fluctuation of currency associated the Shares (the “Currency
Exchange Risk”). The Participant waives and releases the Company, its Parents, Subsidiaries and any other affiliates from any potential claims arising out of the Currency Exchange Risk. 

 

	3.	Exchange Control Requirements. The Participant acknowledges and agrees that he or she shall comply with any and all exchange control requirements applicable to the sale of Shares and any resulting funds
including, without limitation, reporting or repatriation requirements. 

  

	4.	Legal Compliance. The Participant acknowledges and agrees that none of the Company, its Parents, Subsidiaries or any other affiliate is and shall not be responsible for the Participant’s legal compliance
requirements relating to the Award and the subsequent ownership and possible sale of the Shares, including, but not limited to, tax reporting, the exchange of local currency into or from U.S. dollars, the transfer of funds to or from the U.S., and
the opening an using of a U.S. brokerage account. 

  
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	5.	Acknowledgements. In accepting the Award, the Participant acknowledges that: 

  

	 	a.	The Plan was voluntarily established by the Company, is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Award
Agreement; 

  

	 	b.	The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of any award under the Plan, or benefits in lieu of such awards, even if awards of equity
have been repeatedly granted in the past; 

  

	 	c.	All decisions with respect to future option grants, if any, will be at the sole discretion of the Company; 

  

	 	d.	The Participant has voluntarily elected to participate in the Plan; 

  

	 	e.	The Award (i) is extraordinary compensation, (ii) does not constitute compensation of any kind for service of any kind rendered to the Company, its Parents, Subsidiaries or any other affiliate, and
(iii) is outside the scope of the Participant’s employment or service contract, if any. The Award is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance payments,
resignation, termination, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for
the Participant’s employer, the Company or any subsidiary or affiliate of the Company. This applies to any payment, even in those jurisdictions requiring such payments upon termination of employment; 

 

	 	f.	Any notice period under applicable law or regulation with respect to termination of employment or any other applicable service relationship shall not be treated as employment or service for the purpose of determining
the vesting of the Award, except as otherwise agreed in writing by the Company. The Participant’s right to receive Shares in settlement of the Award after Termination of Service, if any, will be measured by the date of termination of service
and will not be extended by any notice period mandated under applicable law or regulation. Subject to the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether the Participant’s service has
terminated and the effective date of such termination; 

  

	 	g.	The Award is not part of any employment relationship. In the event that the Participant is not an employee of the Company, the grant of the Award will not be interpreted to form an employment contract or relationship
with the Company. Furthermore the grant of the Award will not be interpreted to form an employment contract with his or her employer or any Subsidiary or affiliate of the Company; 

  
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	 	h.	The future value of the underlying Shares is unknown and cannot be predicted with certainty and the value of those shares may increase or decrease over time; 

 

	 	i.	In consideration of the Option, no claim or entitlement to compensation or damages shall arise from termination, cancellation or forfeiture of all or any portion of the Award or diminution in value of the Shares
acquired in connection with the Award resulting from termination of the Participant’s service by the Company, its Parent, Subsidiary or other affiliate. The Participant irrevocably releases the Company, its Parents, Subsidiaries and other
affiliates from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then by signing the Award Agreement, the Participant shall be deemed irrevocably to have
waived any right to pursue such claim; 

  

	 	j.	The Participant’s eligibility to participate in the Plan ceases upon termination of service for any reason. 

  
 -4-EX-10.5

 Exhibit 10.5 

HOMEAWAY, INC. 
 AMENDED
AND RESTATED 
 EXECUTIVE EMPLOYMENT AGREEMENT 

This Amended and Restated Executive Employment Agreement (the “Agreement”) is entered into effective as of April 21,
2015 (the “Effective Date”) by and between HomeAway, Inc., a Delaware corporation (the “Company”), and Ross Buhrdorf (“Executive”). 

RECITALS 
 WHEREAS,
Executive and the Company entered into an employment agreement dated as of May 27, 2011 and subsequently amended on October 14, 2104 (the “Prior Agreement”); 

WHEREAS, Executive is currently employed by the Company and has agreed to a part time, external CTO role as a strategic individual
contributor, effective as of April 21, 2015; 
 WHEREAS, the Company and Executive desire to amend and restate the Prior Agreement to
reflect the new terms of Executive’s employment; 
 WHEREAS, the Company considers it essential to its best interests and the best
interests of its stockholders to foster the continued employment of Executive by the Company during the term of this Agreement; and 

WHEREAS, Executive is willing to continue Executive’s employment on the terms hereinafter set forth in this Agreement. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows: 

1. Duties and Scope of Employment. 

(a) Positions and Duties. As of the Effective Date, Executive serves as the innovation Chief Technology Officer, reporting to the Chief
Operating Officer (the “COO”). Executive will render such business and professional services in the performance of Executive’s duties as are customarily associated with Executive’s position within the Company and Executive
agrees to perform such other duties and functions as shall from time to time be reasonably assigned or delegated to Executive by the COO. The period Executive is employed by the Company under this Agreement is referred to herein as the
“Employment Term.” 
 (b) Obligations. During the Employment Term, Executive will perform Executive’s duties
faithfully and to the best of Executive’s ability and will devote Executive’s full business efforts and time to the Company for approximately thirty (30) hours per week; provided, however, Executive shall be allowed to
(i) manage Executive’s passive personal investments and (ii) 

 
be involved in charitable activities, so long as these matters do not interfere with Executive’s duties to the Company during the Employment Term. During the Employment Term, Executive
agrees not actively to engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior approval of the COO. 

(c) Subject to Section 2, this Agreement will have a term of three (3) years, commencing on the Effective Date, unless terminated
earlier as provided herein. Notwithstanding the foregoing, if a Change of Control should occur when there is less than eighteen (18) months remaining in the term of this Agreement, Section 8 of this Agreement shall survive following the
expiration of the term of this Agreement for a period of eighteen (18) months following the Change of Control. 
 2. At-Will
Employment. Executive and the Company agree and acknowledge Executive’s employment with the Company constitutes “at-will” employment. Executive and the Company further agree and acknowledge that this employment relationship may be
terminated at any time, with or without notice to the other party, with or without cause, at the option of either Executive or the Company. Executive understands and agrees that neither Executive’s job performance nor promotions, commendations,
bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of Executive’s employment with the Company. 

3. Compensation. 
 (a)
Base Salary. As of April 1, 2015, the Company will pay Executive as compensation for Executive’s services a base salary at the annualized rate of $163,000 (the “Base Salary”). The Base Salary will be paid in regular
installments in accordance with the Company’s normal payroll practices (subject to required withholding). The first and last payment will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last
working day of a pay period. Executive will be entitled to an annual review of the base salary with a change in this base salary to be at the sole discretion of the Board. 

(b) Bonus. Executive will be eligible to earn an annual bonus targeting 60% of base earnings (the “Bonus”) pursuant to
an annual bonus plan to be adopted each year by the Compensation Committee of the Board (the “Committee”) with terms and conditions determined by the Committee in its discretion after consultation with Executive. Any Bonus will be
paid each year following confirmation by the Board of the financial performance of the Company, and such determination and payment shall be made in all events no later than March 15th of the
year following the end of the year for which the Bonus is earned. 
 (c) Equity. Executive currently holds equity awards received for
services to the Company. During the Employment Term, the Board or Committee will determine in its discretion whether Executive will be granted additional equity awards and the terms of any such award in accordance with the terms of any applicable
plan or arrangement that may be in effect from time to time. 

  
 -2- 

 4. Employee Benefits. During the Employment Term, Executive will be entitled to
participate, in accordance with the terms thereof, in all employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company. The Company reserves the right to cancel or change
the benefit plans and programs it offers to its employees at any time. 
 5. Vacation. Executive will be entitled to paid vacation
generally applicable to the senior executives of the Company, in accordance with the Company’s current vacation policy, with the timing and duration of specific vacations mutually and reasonably agreed to by Executive and the COO. 

6. Business Expenses. During the Employment Term, the Company will reimburse Executive for reasonable travel, entertainment and other
expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time (the “Expense
Reimbursement”). 
 7. Termination of Employment. In the event Executive’s employment with the Company terminates for
any reason, including death or Disability, then Executive (or Executive’s estate, as applicable) will be entitled to (i) earned but unpaid compensation, including Base Salary and Bonus earned through the date of termination, (ii) any
accrued but unpaid vacation pay for the current calendar year, (iii) Expense Reimbursement, and (iv) not receive any other compensation or benefits from the Company except as may be required by law or in accordance with established Company
plans and policies, (v) not be credited with any additional vesting of his outstanding equity awards (that is, all vesting of outstanding equity awards will immediately terminate). In addition, if the termination is by the Company without
Cause, Executive will be entitled to the amounts specified in Section 8. 
 8. Severance. 

(a) Termination in Connection With a Change in Control. If the Company terminates Executive’s employment with the Company without
Cause and such termination occurs within the period beginning three (3) months prior to, and ending eighteen (18) months following, a Change in Control, then, subject to Section 9, Executive shall be entitled to receive one hundred
percent (100)% of the unvested portion of all equity awards, including without limitation stock option grants, restricted stock and restricted stock units, held by Executive at the time of the termination shall become fully vested or released from
the Company’s repurchase right and exercisable as of such date. 
 9. Release of Claims Agreement; No Duty to Mitigate. 

(a) Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive
signing and not revoking a separation agreement and release of claims in substantially the form reasonably acceptable to the Company (the “Release”), which must become effective and irrevocable no later than the sixtieth
(60th) day following Executive’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive shall forfeit any right to severance
payments or benefits under this Agreement. In no event shall severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable. 

  
 -3- 

 (b) Confidential Information Agreement and Non-Disparagement. Executive’s receipt of
any payments or benefits under Section 8 shall be subject to Executive continuing to comply with the terms of the Confidential Information Agreement (as defined herein) and Section 13. 

(c) Section 409A. 

(i) Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to Executive, if any,
pursuant to this Agreement that, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and the final regulations and any guidance promulgated thereunder (“Section 409A”) (together, the “Deferred Payments”) shall be paid or otherwise provided until Executive has a
“separation from service” within the meaning of Section 409A. Similarly, no severance payable to Executive, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A pursuant to Treasury Regulation Section 1.409A-1(b)(9) shall be payable until Executive has a “separation from service” within the meaning of Section 409A. 

(ii) It is intended that none of the severance payments under this Agreement shall constitute “Deferred Payments” but rather shall
be exempt from Section 409A as a payment that would fall within the “short-term deferral period” as described in Section 9(c)(iv) below or resulting from an involuntary separation from service as described in
Section 9(c)(v) below. However, any severance payments or benefits under this Agreement that would be considered Deferred Payments shall be paid on, or, in the case of installments, shall not commence until, the sixtieth (60th) day following Executive’s separation from service, or, if later, such time as required by Section 9(c)(iii). Except as required by Section 9(c)(iii), any installment payments
that would have been made to Executive during the sixty (60) day period immediately following Executive’s separation from service but for the preceding sentence shall be paid to Executive on the sixtieth (60th) day following Executive’s separation from service and the remaining payments shall be made as provided in this Agreement. 

(iii) Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the meaning of
Section 409A at the time of Executive’s termination (other than due to death), then the Deferred Payments, if any, that are payable within the first six (6) months following Executive’s separation from service, shall become
payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Executive’s separation from service. All subsequent Deferred Payments, if any, shall be payable in accordance with
the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following Executive’s separation from service, but before the six (6) month anniversary of the separation from
service, then any payments delayed in accordance with this paragraph shall be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Payments shall be payable in accordance with
the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment under Section 1.409A-2(b)(2) of the Treasury Regulations. 

  
 -4- 

 (iv) Any amount paid under this Agreement that satisfies the requirements of the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Payments for purposes of clause (i) above. 

(v) Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit shall not constitute Deferred Payments for purposes of clause (i) above. “Section 409A Limit” means the lesser of two
(2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Executive’s taxable year preceding the Executive’s taxable year of Executive’s termination of employment
as determined under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into
account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive ’s employment is terminated. 

(vi) This Agreement is intended to satisfy the requirements of Section 409A with respect to amounts subject thereto, and shall be
interpreted and construed consistent with such intent; provided that, notwithstanding the other provisions of this Agreement, with respect to any right to a payment or benefit hereunder (or portion thereof) that does not otherwise provide for a
“deferral of compensation” within the meaning of Section 409A, it is the intent of the parties that such payment or benefit will not so provide. Furthermore, if either party notifies the other in writing that, based on the advice of
legal counsel, one or more of the provisions of this Agreement contravenes any regulations or Treasury guidance promulgated under Section 409A or causes any amounts to be subject to interest or penalties under Section 409A, the parties
shall promptly and reasonably consult with each other (and with their legal counsel), and shall use their reasonable best efforts, to reform the provisions hereof to (a) maintain to the maximum extent practicable the original intent of the
applicable provisions without violating the provisions of Section 409A or increasing the costs to the Company of providing the applicable benefit or payment and (b) to the extent practicable, to avoid the imposition of any tax, interest or
other penalties under Section 409A upon Executive or the Company. 
 (d) No Duty to Mitigate. Executive will not be required to
mitigate the amount of any payment contemplated by this Agreement, nor will any earnings that Executive may receive from any other source reduce any such payment. 

10. Code Section 280G Best Results. If any payment or benefit Executive would receive pursuant to this Agreement or otherwise,
including accelerated vesting of any equity compensation (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to
the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be reduced to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion of the Payment
that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever amount, after taking into account all applicable federal, state and local
employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in Executive’s receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of
the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the 

  
 -5- 

 
Payment equals the Reduced Amount, reduction shall occur in the following order: (A) cash payments shall be reduced first and in reverse chronological order such that the cash payment owed
on the latest date following the occurrence of the event triggering such excise tax will be the first cash payment to be reduced; (B) accelerated vesting of stock awards shall be cancelled/reduced next and in the reverse order of the date of
grant for such stock awards (i.e., the vesting of the most recently granted stock awards will be reduced first), with full-value awards reversed before any stock option or stock appreciation rights are reduced; and (C) employee benefits shall
be reduced last and in reverse chronological order such that the benefit owed on the latest date following the occurrence of the event triggering such excise tax will be the first benefit to be reduced. 

The Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder and perform the foregoing
calculations. The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. The accounting firm engaged to make the determinations hereunder shall provide its calculations, together
with detailed supporting documentation, to the Company and Executive within fifteen (15) calendar days after the date on which right to a Payment is triggered (if requested at that time by the Company or Executive) or such other time as
requested by the Company or Executive. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and Executive. 

11. Definitions. 
 (a)
Cause. For purposes of this Agreement, “Cause” means (i) with respect to Executive’s employment with the Company, Executive’s willful and continued failure to substantially perform the duties and
obligations of Executive’s position with the Company; (ii) any proven act of personal dishonesty, fraud or misrepresentation taken by Executive which was intended to result in substantial gain or personal enrichment of Executive at the
expense of the Company; (iii) Executive’s violation of a federal or state law or regulation applicable to the Company’s business which violation was or is reasonably likely to be injurious to the Company, excluding violations made in
good faith and upon advice of the Company’s counsel or directive of the Board; (iv) Executive’s conviction of, or plea of nolo contendere or guilty to, a felony under the laws of the United States or any State, excluding felonies for
minor traffic violation and vicarious liability (so long as Executive did not know of the felony and did not willfully violate the law) (v) Executive’s breach of the terms of the Confidential Information Agreement, which breach is not
remedied in a reasonable period of time (not to exceed thirty (30) days) after receipt of written notice from the Company or (vi) failure to reasonably cooperate with any government investigation involving Executive or the Company. 

(b) Change in Control. For purposes of this Agreement, “Change in Control” shall have the meaning defined in the
Company’s 2011 Equity Incentive Plan. 
 (c) Disability. For purposes of this Agreement, “Disability” means
Executive’s inability to perform Executive’s duties due to Executive’s physical or mental incapacity, as reasonably determined by the Board or its designee, for an aggregate of 180 days in any 365 consecutive day period. 

  
 -6- 

 12. Confidential Information. Executive confirms Executive’s obligations under the
employee proprietary information agreement entered into by the Company and Executive as of May 17, 2005 (the “Confidential Information Agreement”). 

13. Non-Disparagement. Executive shall not, while Executive is employed by the Company or at any time thereafter, directly, or through
any other personal entity, make any public or private statements that are disparaging of the Company, its business or its employees, officers, directors, or stockholders. The Company agrees to refrain from any public statements after
Executive’s employment with the Company ceases that are disparaging to Executive. The Company’s obligations under this section extend only to then current officers and members of the Board, and only for so long as those individuals are
officers or directors of the Company. 
 14. Assignment. This Agreement will be binding upon and inure to the benefit of (a) the
heirs, executors and legal representatives of Executive upon Executive’s death and (b) any successor of the Company. Any such successor of the Company will be deemed substituted for the Company under the terms of this Agreement for all
purposes. For this purpose, “successor” means any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or
business of the Company. None of the rights of Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted assignment,
transfer, conveyance or other disposition of Executive’s right to compensation or other benefits will be null and void. 
 15.
Notices. All notices, requests, demands and other communications called for under this Agreement shall be in writing and shall be delivered personally by hand or by courier, mailed by United States first-class mail, postage prepaid, directed
to the party to be notified at the address indicated for such party on the signature page to this Agreement, or at such other address as such party may designate by ten (10) days’ advance written notice to the other parties hereto. All
such notices and other communications shall be deemed given upon personal delivery, three (3) days after the date of mailing, or upon confirmation of facsimile transfer. 

16. Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable or void, this Agreement will continue in full force and effect without said provision. 
 17. Arbitration.

 (a) Executive agrees that any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the
interpretation, validity, construction, performance, breach, or termination thereof, shall be settled by binding arbitration to be held in Austin, Texas in accordance with the National Rules for the Resolution of Employment Disputes then in effect
of the American Arbitration Association (the “Rules”). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the
arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. 

  
 -7- 

 (b) The arbitrator(s) will apply Texas law to the merits of any dispute or claim, without
reference to rules of conflicts of law. The arbitration proceedings will be governed by federal arbitration law and by the Rules, without reference to state arbitration law. Executive hereby consents to the personal jurisdiction of the state and
federal courts located in Texas for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. 

(c) EXECUTIVE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT,
EXECUTIVE AGREES TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION THEREOF TO BINDING ARBITRATION, AND THAT THIS ARBITRATION
CLAUSE CONSTITUTES A WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, DISCRIMINATION CLAIMS. 

18. Integration. This Agreement, together with the Confidential Information Agreement and agreements memorializing outstanding equity
awards, represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements whether written or oral, including the Prior Agreement. To the extent that any
provision of the Confidential Information Agreement conflicts with a provision of this Agreement, this Agreement shall control. No waiver, alteration or modification of any of the provisions of this Agreement will be binding unless in writing and
signed by duly authorized representatives of the parties hereto. 
 19. Headings. All captions and section headings used in this
Agreement are for convenient reference only and do not form a part of this Agreement. 
 20. Tax Withholding. All payments made
pursuant to this Agreement will be subject to withholding of applicable taxes. 
 21. Governing Law. This Agreement will be governed
by the laws of the State of Texas (with the exception of its conflict of laws provisions). 
 22. Acknowledgment. Executive
acknowledges that Executive has had the opportunity to discuss this matter with and obtain advice from Executive’s private attorney, Executive has had sufficient time to, and has carefully read and fully understands all the provisions of this
Agreement, and is knowingly and voluntarily entering into this Agreement. 
 [Remainder of page intentionally left blank.] 

  
 -8- 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company
by their duly authorized officers, as of the day and year first above written. 
  

			
	“COMPANY”
	
	HomeAway, Inc.
		
	By:	 	 /s/ Lori Knowlton

	Name:	 	 Lori Knowlton

	Title:	 	 Chief People Officer

	
	Address:
	
	1011 W. Fifth Street, Suite 300
	Austin, TX 78730
	Attn: General Counsel
	
	“EXECUTIVE”
	
	 /s/ Ross Buhrdorf

	Ross Buhrdorf
	
	Address:
	
	8600 BOWLING GREEN DR
	AUSTIN TX 78757

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