Document:

Exhibit 10.10

 

Second Amendment to the

Match Group, Inc.

2015 Stock and Annual Incentive Plan

 

THIS SECOND AMENDMENT to the Match Group, Inc.
2015 Stock and Annual Incentive Plan, (the “Plan”), is effective as of June 30, 2020. Capitalized terms
used but not defined in this Second Amendment shall have the meanings set forth in the Plan.

 

Background

 

WHEREAS, on December 19, 2019, Match
Group, Inc., a Delaware corporation (“Old Match”), entered into a transaction agreement (as amended on
April 28, 2020, the “Transaction Agreement”) with IAC/InterActiveCorp (“IAC”), IAC
Holdings, Inc., a direct wholly owned subsidiary of IAC (“New IAC”), and Valentine Merger Sub LLC, an indirect
wholly owned subsidiary of IAC (“New Match Merger Sub”), pursuant to which (i) the stockholders of Old
Match became stockholders of IAC, which has been renamed as Match Group, Inc. (“New Match”), and (ii) Old
Match merged with and into New Match Merger Sub and became an indirect wholly owned subsidiary of New Match (the “Merger”);

 

WHEREAS, pursuant to the Transaction Agreement,
certain equity awards in respect of the common stock of Old Match (the “Old Match Awards”) issued under the
Plan and outstanding at the effective time of the Merger (the “Merger Effective Time”) were to be adjusted in
accordance with the Transaction Agreement and Section 3(d) of the Plan to relate to shares of New Match, and to reflect
the consideration received by the stockholders of Old Match pursuant to the Merger;

 

WHEREAS, to facilitate the assumption by New
Match of the Old Match Awards, New Match assumed the Plan and replaced Old Match as the sponsor and issuer under the Plan, and

 

WHEREAS, the purpose of this amendment is
to reflect such assumption.

 

Amendment

 

1.            A
new introductory paragraph shall be inserted before Section 1 of the Plan as follows:

 

Effective as of June 30, 2020, in connection
with the consummation of the transactions contemplated by the Transaction Agreement (as defined below) (the “Merger”),
the Plan was assumed by IAC/InterActiveCorp, which, following the Merger was renamed Match Group, Inc. (“New Match”).
From and following such date, New Match shall be the sponsor of the Plan and issuer with respect to the Shares issued under the
Plan. All awards outstanding immediately prior to the effective time of the Merger have been assumed by New Match and converted
into awards in respect of New Match Shares in accordance with the manner provided in the Transaction Agreement. Except for being
converted into awards in respect of New Match Shares, such converted awards shall continue on the same terms and conditions as
were applicable to such awards immediately prior to the effective time of the Merger.

 

     

     

    

 

2.            A
new definition shall be added as Section 1, subsection (ww):

 

“Transaction Agreement”
means the transaction agreement, dated as of December 19, 2019 and as amended on April 28,
2020, by and among the Company, IAC/InterActiveCorp, IAC Holdings, Inc., and Valentine Merger Sub LLC.

 

3.            No
Other Effect on the Plan. In all other respects, the form, terms and provisions of the Plan remain unchanged and in full force
and effect.

 

	MATCH GROUP, INC.	 
	 	 	 
	 	 	 
	By:	/s/ Jared F. Sine	 
	 	Name:	Jared F. Sine	 
	 	Title:	Chief Legal Officer & Secretary	 

 

    	 	2Exhibit 10.14

 

Execution Version

 

June 30, 2020

 

Ms. Sharmistha Dubey

c/o Match Group Inc.

8750 North Central Expressway, Suite 1400

Dallas, Texas 75231

 

Assignment of Employment Agreement to
New Match

 

Dear Ms. Dubey:

 

This letter specifies the interpretation
and application of Section 4 of the Standard Terms (the “Assignment Provision”), as incorporated into the
Employment Agreement, dated as of February 13, 2020 (the “Employment Agreement”), between you and Match
Group, Inc. (“Old Match”), in connection with the merger (the “Old Match Merger”) of
Old Match with and into Valentine Merger Sub LLC (“New Match Merger Sub”), a wholly-owned indirect subsidiary
of IAC/InterActiveCorp. Immediately following such Old Match Merger, IAC/InterActiveCorp was renamed Match Group, Inc.
(“New Match”).

 

The Assignment Provision states, in relevant
part, that in the event of a merger of Old Match with or into another entity, the Employment Agreement would be binding upon
and inure to the benefit of the successor to Old Match, with such successor responsible for discharging and performing all the
promises, covenants, duties, and obligations of Old Match thereunder. Thus, when Old Match merged with and into New Match Merger
Sub, the latter became the successor to Old Match for purposes of the Assignment Provision.

 

By this letter, you, New Match Merger Sub
and New Match agree that New Match shall be substituted for New Match Merger Sub and treated as the successor to Old Match for
purposes of the Assignment Provision and that, from and after the effective time of the Old Match Merger, all references to the
 “Company” in the Employment Agreement shall be deemed to refer to New Match.

 

If you agree that this letter sets
forth our collective understanding as to New Match succeeding to the rights and obligations of Old Match and New Match Merger
Sub from and after the effective time of the Old Match Merger, please indicate your agreement by signing this letter where
indicated below.

 

[Signature Pages Follow]

 

     

     

    

 

	 	 	Sincerely,
	 	 	 
	 	 	VALENTINE MERGER SUB LLC
	 	 	 
	 	 	/s/ Jared Sine
	 	 	By:  Jared Sine
	 	 	Its:  Chief Legal Officer & Secretary
	 	 	 
	 	 	 
	 	 	MATCH GROUP, INC.
	 	 	 
	 	 	/s/ Jared Sine
	 	 	By:  Jared Sine
	 	 	Its:  Chief Legal Officer & Secretary
	 	 	 
	 	 	 
	AGREED AND ACCEPTED	 	 
	 	 	 
	 	 	 
	/s Sharmistha Dubey	 	 
	By: Sharmistha Dubey	 	 

 

    	 	2Exhibit 10.17

 

Execution Version

 

June 30, 2020

 

Mr. Gary Swidler

c/o Match Group Inc.

8750 North Central Expressway, Suite 1400

Dallas, Texas 75231

 

Assignment of Employment Agreement to
New Match

 

Dear Mr. Swidler:

 

This letter specifies the interpretation
and application of Section 4 of the Standard Terms (the “Assignment Provision”), as incorporated into the
Employment Agreement, dated as of August 8, 2018 and amended as of February 13, 2020 (as so amended, the “Employment
Agreement”), between you and Match Group, Inc. (“Old Match”), in connection with the merger (the
 “Old Match Merger”) of Old Match with and into Valentine Merger Sub LLC (“New Match Merger Sub”),
a wholly-owned indirect subsidiary of IAC/InterActiveCorp. Immediately following such Old Match Merger, IAC/InterActiveCorp
was renamed Match Group, Inc. (“New Match”).

 

The Assignment Provision states, in relevant
part, that in the event of a merger of Old Match with or into another entity, the Employment Agreement would be binding upon
and inure to the benefit of the successor to Old Match, with such successor responsible for discharging and performing all the
promises, covenants, duties, and obligations of Old Match thereunder. Thus, when Old Match merged with and into New Match Merger
Sub, the latter became the successor to Old Match for purposes of the Assignment Provision.

 

By this letter, you, New Match Merger Sub
and New Match agree that New Match shall be substituted for New Match Merger Sub and treated as the successor to Old Match for
purposes of the Assignment Provision and that, from and after the effective time of the Old Match Merger, all references to the
 “Company” in the Employment Agreement shall be deemed to refer to New Match.

 

If you agree that this letter sets
forth our collective understanding as to New Match succeeding to the rights and obligations of Old Match and New Match Merger
Sub from and after the effective time of the Old Match Merger, please indicate your agreement by signing this letter where
indicated below.

 

[Signature Pages Follow]

 

     

     

    

 

	 	 	Sincerely,
	 	 	 
	 	 	VALENTINE MERGER SUB LLC
	 	 	 
	 	 	/s/ Jared Sine
	 	 	By:  Jared Sine
	 	 	Its:  Chief Legal Officer & Secretary
	 	 	 
	 	 	 
	 	 	MATCH GROUP, INC.
	 	 	 
	 	 	/s/ Jared Sine
	 	 	By:  Jared Sine
	 	 	Its:  Chief Legal Officer & Secretary
	 	 	 
	AGREED AND ACCEPTED	 	 
	 	 	 
	 	 	 
	/s Gary Swidler	 	 
	By: Gary Swidler	 	 

 

    	 	2Exhibit 10.19

 

Execution Version

 

June 30, 2020

 

Mr. Jared Sine

c/o Match Group Inc.

8750 North Central Expressway, Suite 1400

Dallas, Texas 75231

 

Assignment of Employment Agreement to
New Match

 

Dear Mr. Sine:

 

This letter specifies the interpretation
and application of Section 4 of the Standard Terms (the “Assignment Provision”), as incorporated into the
Employment Agreement, dated as of August 8, 2018 (the “Employment Agreement”), between you and Match Group, Inc.
(“Old Match”), in connection with the merger (the “Old Match Merger”) of Old Match with and
into Valentine Merger Sub LLC (“New Match Merger Sub”), a wholly-owned indirect subsidiary of IAC/InterActiveCorp.
Immediately following such Old Match Merger, IAC/InterActiveCorp was renamed Match Group, Inc. (“New Match”).

 

The Assignment Provision states, in relevant
part, that in the event of a merger of Old Match with or into another entity, the Employment Agreement would be binding upon
and inure to the benefit of the successor to Old Match, with such successor responsible for discharging and performing all the
promises, covenants, duties, and obligations of Old Match thereunder. Thus, when Old Match merged with and into New Match Merger
Sub, the latter became the successor to Old Match for purposes of the Assignment Provision.

 

By this letter, you, New Match Merger Sub
and New Match agree that New Match shall be substituted for New Match Merger Sub and treated as the successor to Old Match for
purposes of the Assignment Provision and that, from and after the effective time of the Old Match Merger, all references to the
 “Company” in the Employment Agreement shall be deemed to refer to New Match.

 

If you agree that this letter sets
forth our collective understanding as to New Match succeeding to the rights and obligations of Old Match and New Match Merger
Sub from and after the effective time of the Old Match Merger, please indicate your agreement by signing this letter where
indicated below.

 

[Signature Pages Follow]

 

     

     

    

 

	 	 	Sincerely,
	 	 	 
	 	 	VALENTINE MERGER SUB LLC
	 	 	 
	 	 	/s/ Gary Swidler
	 	 	By:  Gary Swidler
	 	 	Its:  Chief Operating Officer & Chief Financial Officer
	 	 	 
	 	 	 
	 	 	MATCH GROUP, INC.
	 	 	 
	 	 	/s/ Gary Swidler
	 	 	By:  Gary Swidler
	 	 	Its:  Chief Operating Officer & Chief Financial Officer
	 	 	 
	 	 	 
	AGREED AND ACCEPTED	 	 
	 	 	 
	 	 	 
	/s Jared Sine	 	 
	By: Jared Sine	 	 

 

    	 	2

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