Document:

Incentive Restricted Stock Unit Award Agreement

 Exhibit 10.17(F) 
 YAHOO! INC. 
 1995 STOCK PLAN 
 (AS AMENDED AND RESTATED APRIL 24, 2007) 
 RESTRICTED STOCK UNIT AWARD
AGREEMENT 
 THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), dated as of February 25, 2009 (the “Date
of Grant”), is made by and between Yahoo! Inc., a Delaware corporation (the “Company”), and Carol Bartz (the “Grantee”). 
 WHEREAS, the Company has adopted the Yahoo! Inc. 1995 Stock Plan, as amended (the “Plan”), pursuant to which the Company may grant Restricted Stock Units; 
 WHEREAS, the Company desires to grant to the Grantee the number of Restricted Stock Units provided for herein; 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows: 
 Section 1.     Grant of Restricted Stock Unit Award 
 (a) Grant of Restricted Stock Units. The Company hereby grants to the Grantee 162,070 Restricted Stock Units (the “Award”) on the terms and conditions set forth in this Agreement and as otherwise
provided in the Plan. 
 (b) Incorporation of Plan; Capitalized Terms. The provisions of the Plan are hereby incorporated herein by
reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the
Plan. The Administrator shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Grantee and his/her legal
representative in respect of any questions arising under the Plan or this Agreement. 
 Section 2.     Terms and Conditions of
Award 
 The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and
restrictions: 
 (a) Limitations on Rights Associated with Units. The Restricted Stock Units are bookkeeping entries only. The Grantee
shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units. 
  

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 (b) Restrictions. Restricted Stock Units and any interest therein, may not be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution, during the Restricted Unit Period. Any attempt to dispose of any Restricted Stock Units in contravention of the above restriction
shall be null and void and without effect. 
 (c) Lapse of Restrictions. Subject to Sections 2(e) through 2(g) below,
one-fourth (1/4) of the Restricted Stock Units shall vest and become non-forfeitable upon each of the first, second, third and fourth anniversaries of the Date of Grant. (The period commencing on the Date of Grant and
ending on the date the Restricted Stock Units vest is referred to as the “Restricted Unit Period” as to those Restricted Stock Units.) 
 (d) Timing and Manner of Payment of Restricted Stock Units. Any Restricted Stock Units subject to the Award that become non-forfeitable shall be paid upon the first to
occur of (i) as soon as practicable after (and in no case more than seventy-four days after) the date any Restricted Stock Units subject to the Award become non-forfeitable and (ii) March 15, 2013 (such date, the “Payment
Date”). Such Restricted Stock Units shall be paid by the Company delivering to the Grantee a number of Shares equal to the number of Restricted Stock Units that become non-forfeitable upon that Payment Date. The Company shall issue the Shares
either (i) in certificate form or (ii) in book entry form, registered in the name of the Grantee. Delivery of any certificates will be made to the Grantee’s last address reflected on the books of the Company and its Subsidiaries
unless the Company is otherwise instructed in writing. Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that are so
paid. Notwithstanding anything herein to the contrary, the Company shall have no obligation to issue Shares in payment of the Restricted Stock Units unless such issuance and such payment shall comply with all relevant provisions of law and the
requirements of any Stock Exchange.  
 (e) Termination of Employment. Except as expressly provided
in this Section 2(e) or in Section 2(g), in the event of the termination of Grantee’s employment or service with the Company, Parent or any Subsidiary for any reason prior to the lapsing of the restrictions in accordance with
Section 2(c) hereof with respect to any of the Restricted Stock Units granted hereunder, such portion of the Restricted Stock Units held by Grantee shall be automatically forfeited by the Grantee as of the date of termination. Neither the
Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any rights or interests in any Restricted Stock Units that are so forfeited. 
 (i) If the Grantee’s employment or service with the Company, Parent or any Subsidiary is terminated (A) as a result of the
Grantee’s death or Disability, (B) by the Company, Parent or any Subsidiary without Cause, (C) by the Grantee with Good Reason or (D) for any reason at or after Expiration other than a termination by the Company for Cause, the
Restricted Stock Units subject to the Award shall vest and become non-forfeitable to the extent necessary to cause the aggregate number of Restricted Stock Units subject to the Award that are vested and non-forfeitable (including any Restricted
Stock Units previously paid pursuant to Section 2(d)) to equal the total number of Restricted Stock Units subject to the Award multiplied by a fraction (not greater than 1), the numerator of which is the number of full months the Grantee was
employed or rendering services following the Date of Grant through the date of the Grantee’s termination plus twelve (12), and the denominator of which is forty-eight (48). 
  

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 (ii) For purposes of this Agreement, “Disability,” “Cause,”
“Good Reason” and “Expiration” shall have the same meanings as in the Grantee’s employment agreement with the Company entered into on January 13, 2009 (the “Employment Agreement”). 
 (f) Corporate Transactions. Subject to any better treatment provided for in Section 2(g) below, the following provisions shall apply to the
corporate transactions described below: 
 (i) In the event of a proposed dissolution or liquidation of the Company, the Award
will terminate and be forfeited immediately prior to the consummation of such proposed transaction, unless otherwise provided by the Administrator. 
 (ii) In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, the Award shall be assumed or substituted with an
equivalent award by such successor corporation, parent or subsidiary of such successor corporation; provided that the Administrator may determine, in the exercise of its sole discretion in connection with a transaction that constitutes a permissible
distribution event under Section 409A(a)(2)(A)(v) of the Code, that in lieu of such assumption or substitution, the Award shall be vested and non-forfeitable and any conditions or restrictions on the Award shall lapse, as to all or any part of
the Award, including Restricted Stock Units as to which the Award would not otherwise be non-forfeitable. 
 (g)
Change in Control. The following provisions shall apply in the event of a Change in Control (as such term is defined below), and in the event the Grantee becomes entitled to accelerated vesting under this
Section 2(g) and any other provision of Section 2 above, the Grantee shall be entitled to the accelerated vesting provided by all such sections (but the Grantee shall in no event become vested and non-forfeitable in more than the total
number of Restricted Stock Units subject to the Award):  
 (i) If a Change in Control occurs during the Term or
thereafter and the Restricted Stock Units subject to the Award are not continued, assumed or substituted, the Restricted Stock Units, to the extent then outstanding and not vested, shall become fully vested and non-forfeitable as of the date of such
Change in Control. 
 (ii) In the event that, upon or within two (2) years after a Change in Control that occurs during
the Term, the Grantee’s employment or service with the Company, Parent or any Subsidiary is terminated by the Company, Parent or any Subsidiary without Cause or by the Grantee with Good Reason (as such terms are defined in the Employment
Agreement), the Restricted Stock Units subject to the Award, to the extent then outstanding and not vested, shall become fully vested and non-forfeitable as of the date of such termination. 
  

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 (iii) If after the execution of an agreement during the Term that would result in a
Change in Control if such agreement were consummated (a “CIC Agreement”) and prior to the occurrence of either a Change in Control or the termination of the obligations to close under the CIC Agreement, the Grantee’s employment or
service with the Company, Parent or any Subsidiary is terminated by the Company, Parent or any Subsidiary without Cause or by the Grantee with Good Reason (as such terms are defined in the Employment Agreement) and subsequent to such termination the
Change in Control under the CIC Agreement is consummated, the Restricted Stock Units subject to the Award, to the extent then outstanding and not vested, shall become fully vested and non-forfeitable upon the consummation of such Change in Control.
If the Grantee’s employment or service is terminated without Cause or for Good Reason following the execution of a CIC Agreement in the circumstances contemplated by this Section 2(g)(iii), then notwithstanding anything to the contrary in
Section 2(e), any portion of the Restricted Stock Units subject to the Award that was unvested and subject to forfeiture (after giving effect to any accelerated vesting pursuant to Section 2(e)) shall not be forfeited on the date of
termination, but instead shall be forfeited upon the termination of the obligations to close under the CIC Agreement, but only if such portion of the Restricted Stock Units remains unvested and subject to forfeiture at that time. 
 (iv) For purposes of this Agreement, “Change in Control” shall mean the first of the following events to occur after the Date of
Grant: 
 (A) any person or group of persons (as defined in Section 13(d) and 14(d) of the Exchange Act) together with
its Affiliates (as defined below), but excluding (i) the Company or any of its subsidiaries, (ii) any employee benefit plans of the Company or (iii) a corporation owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company (individually a “Person” and collectively, “Persons”), is or becomes, directly or indirectly, the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act) of securities of the Company representing forty percent (40%) or more of the combined voting power of the Company’s then outstanding securities; 
 (B) the consummation of a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other
corporation or entity regardless of which entity is the survivor, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of the Company, such surviving entity or any parent thereof outstanding
immediately after such merger or consolidation; or 
 (C) the stockholders of the Company approve a plan of complete
liquidation or winding-up of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, provided, however, that a sale of the Company’s search business
shall not constitute a Change in Control, regardless of whether stockholders approve the transaction. 
  

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 (v) For purposes of this Agreement, “Affiliate” means, with respect to any
individual or entity, any other individual or entity who, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with, such individual or entity. 
 (vi) For purposes of this Agreement, “Term” shall have the same meaning as in the Employment Agreement. 
 If at the time of a Change in Control, the Company’s Change in Control Employee Severance Plan or similar plan (to the extent such a
plan exists and applies) applicable at the time of a Change in Control provides for better treatment for the Company’s time-based Restricted Stock Units granted in 2009 and then held by the Company’s other senior executives generally than
is provided under this Section 2(g), the Grantee shall be entitled to such better treatment with respect to the Restricted Stock Units subject to the Award. 
 (h) Income Taxes. Except as provided in the next sentence, the Company shall withhold and/or reacquire a number of Shares issued in payment of (or otherwise issuable in payment of, as the case may be) the
Restricted Stock Units having a Fair Market Value equal to the taxes that the Company determines it or the Employer is required to withhold under applicable tax laws with respect to the Restricted Stock Units (with such withholding obligation
determined based on any applicable minimum statutory withholding rates). In the event the Company cannot (under applicable legal, regulatory, listing or other requirements, or otherwise) satisfy such tax withholding obligation in such method, the
Company may satisfy such withholding by any one or combination of the following methods: (i) by requiring the Grantee to pay such amount in cash or check; (ii) by deducting such amount out of any other compensation otherwise payable to the
Grantee; and/or (iii) by allowing the Grantee to surrender shares of Common Stock of the Company which (a) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the
Grantee for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (b) have a Fair Market Value on the date of surrender equal to the amount required to be withheld. For these purposes, the Fair Market
Value of the Shares to be withheld or repurchased, as applicable, shall be determined on the date that the amount of tax to be withheld is to be determined. 
 (i) Release. The Grantee’s rights to receive any accelerated vesting of the Restricted Stock Units subject to the Award in connection with a termination of the Grantee’s employment or service pursuant
to Section 2 shall require the Grantee to execute and deliver to the Company (with the period to revoke expiring without the Grantee’s revocation) within sixty (60) days of such termination (or, if earlier, the date the Company is
required to make payment hereunder in connection with such termination) a release in the form annexed to the Employment Agreement. The Grantee shall also be required to promptly resign from the Board and all officerships, directorships or fiduciary
positions with the Company and its Affiliates upon a termination of the Grantee’s employment or service. 
  

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 Section 3.     Miscellaneous 
 (a) Notices. Any and all notices, designations, consents, offers, acceptances and any other communications provided for herein shall be given in
writing and shall be delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the case of the Company to both the Chief Financial Officer and the General Counsel of the Company at the principal
office of the Company and, in the case of the Grantee, to the Grantee’s address appearing on the books of the Company or to the Grantee’s residence or to such other address as may be designated in writing by the Grantee. 
 (b) No Right to Continued Employment. Nothing in the Plan or in this Agreement shall confer upon the Grantee any right to continue in the employ
of the Company, a Parent or any Subsidiary or shall interfere with or restrict in any way the right of the Company, Parent or any Subsidiary, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any
reason whatsoever, with or without Cause and with or without advance notice. 
 (c) Bound by Plan. By signing this Agreement, the
Grantee acknowledges that she has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 
 (d) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the
Grantee and the beneficiaries, executors, administrators, heirs and successors of the Grantee. 
 (e) Invalid Provision. The
invalidity or unenforceability of any particular provision thereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 
 (f) Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same is in writing and signed by
the parties hereto. 
 (g) Entire Agreement and Full Satisfaction. This Agreement, the Plan and the Employment Agreement contain the
entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. The Restricted Stock Units subject
to the Award, along with the other long-term incentive awards granted to the Grantee under the Plan on or around the date hereof, shall be in complete satisfaction of any and all rights the Grantee may have, under the Employment Agreement or
otherwise, to receive annual equity grants for 2009. 
 (h) Adjustments. For purposes of the Restricted Stock Units subject to the
Award, the term “stock dividend” under Section 16 of the Plan shall include dividends or other distributions of the stock of the subsidiaries of the Company. 
  

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 (i) Governing Law. This Agreement and the rights of the Grantee hereunder shall be construed and
determined in accordance with the laws of the State of Delaware. 
 (j) Headings. The headings of the Sections hereof are provided for
convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement. 
 (k) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto as of the 25th day of February, 2009. 
  

			
	YAHOO! INC.
	
	/s/ Blake Jorgensen
	By:	 	Blake Jorgensen
	Its:	 	Chief Financial Officer

			
	
	Carol Bartz
		
	Signature:	 	/s/ Carol Bartz
	Printed Name:	 	Carol Bartz
	Address:	 	 701 First Avenue
 Sunnyvale, CA
94089

  

 7Incentive Performance Restricted Stock Unit Award Agreement (TSR version)

 Exhibit 10.17(G) 
 [TSR Version] 
 YAHOO! INC. 
 1995 STOCK PLAN 
 (AS AMENDED AND RESTATED APRIL 24, 2007) 
 PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT 
 THIS PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), dated as of February 25, 2009 (the “Date of Grant”), is made by and between Yahoo! Inc., a Delaware corporation (the
“Company”), and Carol Bartz (the “Grantee”). 
 WHEREAS, the Company has adopted the Yahoo! Inc. 1995 Stock Plan, as
amended (the “Plan”), pursuant to which the Company may grant Restricted Stock Units that are subject to performance-based vesting conditions; 
 WHEREAS, the Company desires to grant to the Grantee the number of Restricted Stock Units provided for herein; 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows: 
 Section 1.     Grant of Restricted Stock Unit Award 
 (a) Grant of Restricted Stock Units.
The Company hereby grants to the Grantee 162,070 Restricted Stock Units (such amount, the “Target Number” of Restricted Stock Units ) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan (the
“Award”). 
 (b) Incorporation of Plan; Capitalized Terms. The provisions of the Plan are hereby incorporated herein by
reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the
Plan. The Administrator shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Grantee and his/her legal
representative in respect of any questions arising under the Plan or this Agreement. 
  

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 Section 2.     Terms and Conditions of Award 
 The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions: 
 (a) Limitations on Rights Associated with Units. The Restricted Stock Units are bookkeeping entries only. The Grantee shall have no rights as a
stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units. 
 (b) Restrictions.
Restricted Stock Units and any interest therein, may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution. Any attempt to dispose of any Restricted Stock Units in
contravention of the above restriction shall be null and void and without effect. 
 (c) Lapse of Restrictions. Subject to Sections
2(e) through 2(g) below, the Applicable Percentage (determined based upon the performance-based vesting provisions set forth in Exhibit A attached hereto) of the Target Number of Restricted Stock Units shall vest and become non-forfeitable
upon the date of the Final Committee Determination; provided however that if a Change in Control (as defined in Section 2(g)) occurs prior to the third anniversary of the Date of Grant, the Applicable Percentage and performance-based vesting
provisions shall no longer apply, and the Target Number of Restricted Stock Units shall vest and become non-forfeitable upon the third anniversary of the Date of Grant. Any Restricted Stock Units that do not vest in accordance with the foregoing
provisions of this Section 2(c) or pursuant to the provisions of Sections 2(e) through 2(g) below shall terminate as of the date of the Final Committee Determination (or, in the case of a Change in Control prior to the third anniversary of the
Date of Grant, as of the third anniversary of the Date of Grant). For purposes of this Agreement, the “Final Committee Determination” shall mean the date on which the Administrator determines whether the performance-based vesting
requirements on Exhibit A have been satisfied, which date shall be not later than three months after the end of the Performance Period (as defined in Exhibit A). 
 (d) Timing and Manner of Payment of Restricted Stock Units. As soon as practicable after (and in no case
more than seventy-four days after) the date any Restricted Stock Units subject to the Award become non-forfeitable (the “Payment Date”), such Restricted Stock Units shall be paid by the Company delivering to the Grantee, a number of Shares
equal to the number of Restricted Stock Units that become non-forfeitable upon that Payment Date. The Company shall issue the Shares either (i) in certificate form or (ii) in book entry form, registered in the name of the Grantee. Delivery
of any certificates will be made to the Grantee’s last address reflected on the books of the Company and its Subsidiaries unless the Company is otherwise instructed in writing. Neither the Grantee nor any of the Grantee’s successors,
heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that are so paid. Notwithstanding anything herein to the contrary, the Company shall have no obligation to issue Shares in payment of
the Restricted Stock Units unless such issuance and such payment shall comply with all relevant provisions of law and the requirements of any Stock Exchange.  
  

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 (e) Termination of Employment. The following provisions shall apply in the event of the
termination of the Grantee’s employment or service with the Company, Parent or any Subsidiary: 
 (i) Except as expressly
provided below in Sections 2(e)(ii) or Section 2(g), in the event of the termination of the Grantee’s employment or service with the Company, Parent or any Subsidiary for any reason prior to the lapsing of the restrictions in accordance
with Section 2(c) hereof with respect to any of the Restricted Stock Units granted hereunder, such portion of the Restricted Stock Units held by Grantee shall be automatically forfeited by the Grantee as of the date of termination. Neither the
Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any rights or interests in any Restricted Stock Units that are so forfeited. 
 (ii) Notwithstanding the foregoing clause (i) but subject to Section 2(g) below, in the event the Grantee’s employment or
service with the Company, Parent or any Subsidiary is terminated (A) as a result of the Grantee’s death or Disability, (B) by the Company, Parent or any Subsidiary without Cause or (C) by the Grantee with Good Reason (a
“Qualifying Termination”), a pro rata portion of the Restricted Stock Units subject to the Award may vest in accordance with the provisions set forth below: 
 (A) If a Qualifying Termination occurs prior to a Change in Control (as defined in Section 2(g)), upon the date of the Final
Committee Determination, the Restricted Stock Units shall be subject to pro-rata vesting such that the number of Restricted Stock Units subject to the Award that shall become vested and non-forfeitable shall equal (x) the number of Restricted
Stock Units subject to the Award that would have vested in accordance with Section 2(c) above (assuming no termination of employment had occurred), multiplied by (y) a fraction (not greater than 1), the numerator of which is the number of
full months the Grantee was employed or rendering services following the Date of Grant through the date of the Grantee’s termination plus twelve (12), and the denominator of which is thirty-six (36); and any Restricted Stock Units that do not
vest in accordance with the foregoing provisions of this clause (A) shall terminate and be forfeited as of the date of the Final Committee Determination. Notwithstanding the foregoing, if a Change in Control occurs after a Qualifying
Termination and prior to the third anniversary of the Date of Grant, upon the date of the Change in Control, the Grantee shall vest and become non-forfeitable in a prorated number of Restricted Stock Units determined by multiplying the Target Number
of Restricted Stock Units by the fraction referred to in clause (y) of the preceding sentence, and any Restricted Stock Units that do not vest after giving effect to such determination shall terminate and be forfeited as of the date of the
Change in Control. 
 (B) If a Change in Control (as defined in Section 2(g)) occurs prior to the third anniversary of
the Date of Grant and a Qualifying Termination occurs after such Change in Control, upon the date of the Grantee’s termination, the Restricted Stock Units shall be subject to pro-rata vesting such that the number of Restricted Stock Units
subject to the Award that shall become vested and non-forfeitable shall equal (x) the Target Number of Restricted Stock Units, multiplied by (y) a fraction (not greater than 1), the numerator of which is the number of full months the
Grantee was employed or rendering services following the Date of Grant through the date of the Grantee’s termination plus twelve (12), and the denominator of which is thirty-six (36); and any Restricted Stock Units that do not vest in
accordance with the foregoing provisions of this clause (B) shall terminate and be forfeited as of the date of termination. 
  

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 (iii) For purposes of this Agreement, “Disability,” “Cause,” and
“Good Reason” shall have the same meanings as in the Grantee’s employment agreement with the Company entered into on January 13, 2009 (the “Employment Agreement”). 
 (f) Corporate Transactions. Subject to any better treatment provided for in Section 2(g) below, the following provisions shall apply to the
corporate transactions described below: 
 (i) In the event of a proposed dissolution or liquidation of the Company, the Award
will terminate and be forfeited immediately prior to the consummation of such proposed transaction, unless otherwise provided by the Administrator. 
 (ii) In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, the Award shall be assumed or substituted with an
equivalent award by such successor corporation, parent or subsidiary of such successor corporation; provided that the Administrator may determine, in the exercise of its sole discretion in connection with a transaction that constitutes a permissible
distribution event under Section 409A(a)(2)(v) of the Code, that in lieu of such assumption or substitution, the Award shall be vested and non-forfeitable and any conditions or restrictions on the Award shall lapse, as to all or any part of the
Award, including Restricted Stock Units as to which the Award would not otherwise be non-forfeitable. 
 (g) Change in Control. The
following provisions shall apply in the event of a Change in Control prior to the third anniversary of the Date of Grant, and in the event the Grantee becomes entitled to accelerated vesting under this Section 2(g) and any other provision of
Section 2 above, the Grantee shall be entitled to the accelerated vesting provided by all such sections (but the Grantee shall in no event become vested and non-forfeitable in more than the Target Number of Restricted Stock Units subject to the
Award): 
 (i) If a Change in Control occurs during the Term or thereafter and the Restricted Stock Units subject to the Award
are not continued, assumed or substituted, the Target Number of Restricted Stock Units, to the extent then outstanding and not vested, shall become fully vested and non-forfeitable as of the date of such Change in Control. 
 (ii) In the event that, upon or within two (2) years after a Change in Control that occurs during the Term, the Grantee’s
employment or service with the Company, Parent or any Subsidiary is terminated by the Company, Parent or any Subsidiary without Cause or by the Grantee with Good Reason (as such terms are defined in the Employment Agreement), the Target Number of
Restricted Stock Units subject to the Award, to the extent then outstanding and not vested, shall become fully vested and non-forfeitable as of the date of such termination. 
 (iii) If after the execution of an agreement during the Term that would result in a Change in Control if such agreement were consummated
(a “CIC Agreement”) and prior to the occurrence of either a Change in Control or the termination of the obligations to close under the CIC Agreement, the Grantee’s employment or service with the 

  

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Company, Parent or any Subsidiary is terminated by the Company, Parent or any Subsidiary without Cause or by the Grantee with Good Reason (as such terms are
defined in the Employment Agreement) and subsequent to such termination the Change in Control under the CIC Agreement is consummated, the Target Number of Restricted Stock Units subject to the Award, to the extent then outstanding and not vested,
shall become fully vested and non-forfeitable upon the consummation of such Change in Control. 
 (iv) For purposes of this
Agreement, “Change in Control” shall mean the first of the following events to occur after the Date of Grant: 
 (A)
any person or group of persons (as defined in Section 13(d) and 14(d) of the Exchange Act) together with its Affiliates (as defined below), but excluding (i) the Company or any of its subsidiaries, (ii) any employee benefit plans of
the Company or (iii) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company (individually a “Person” and collectively,
“Persons”), is or becomes, directly or indirectly, the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of securities of the Company representing forty percent (40%) or more of the combined voting power
of the Company’s then outstanding securities; 
 (B) the consummation of a merger or consolidation of the Company or any
direct or indirect subsidiary of the Company with any other corporation or entity regardless of which entity is the survivor, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of the Company, such
surviving entity or any parent thereof outstanding immediately after such merger or consolidation; or 
 (C) the stockholders
of the Company approve a plan of complete liquidation or winding-up of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, provided, however, that a
sale of the Company’s search business shall not constitute a Change in Control, regardless of whether stockholders approve the transaction. 
 (v) For purposes of this Agreement, “Affiliate” means, with respect to any individual or entity, any other individual or entity who, directly or indirectly through one or more intermediaries, controls, is
controlled by or is under common control with, such individual or entity. 
 (vi) For purposes of this Agreement,
“Term” shall have the same meaning as in the Employment Agreement. 
  

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 If at the time of a Change in Control, the Company’s Change in Control Employee
Severance Plan or similar plan (to the extent such a plan exists and applies) applicable at the time of a Change in Control provides for better treatment for the Company’s Restricted Stock Units granted in 2009 that include total stockholder
return-based performance vesting provisions and are then held by the Company’s other senior executives generally than is provided under this Section 2(g), the Grantee shall be entitled to such better treatment with respect to the
Restricted Stock Units subject to the Award. 
 (h) Income Taxes. Except as provided in the next sentence, the Company shall withhold
and/or reacquire a number of Shares issued in payment of (or otherwise issuable in payment of, as the case may be) the Restricted Stock Units having a Fair Market Value equal to the taxes that the Company determines it or the Employer is required to
withhold under applicable tax laws with respect to the Restricted Stock Units (with such withholding obligation determined based on any applicable minimum statutory withholding rates). In the event the Company cannot (under applicable legal,
regulatory, listing or other requirements, or otherwise) satisfy such tax withholding obligation in such method, the Company may satisfy such withholding by any one or combination of the following methods: (i) by requiring the Grantee to pay
such amount in cash or check; (ii) by deducting such amount out of any other compensation otherwise payable to the Grantee; and/or (iii) by allowing the Grantee to surrender shares of Common Stock of the Company which (a) in the case
of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the Grantee for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (b) have a Fair
Market Value on the date of surrender equal to the amount required to be withheld. For these purposes, the Fair Market Value of the Shares to be withheld or repurchased, as applicable, shall be determined on the date that the amount of tax to be
withheld is to be determined. 
 (i) Release. The Grantee’s rights to receive any accelerated vesting of the Restricted Stock
Units subject to the Award in connection with a termination of the Grantee’s employment or service pursuant to Section 2 shall require the Grantee to execute and deliver to the Company (with the period to revoke expiring without the
Grantee’s revocation) within sixty (60) days of such termination (or, if earlier, the date the Company is required to make payment hereunder in connection with such termination) a release in the form annexed to the Employment Agreement.
The Grantee shall also be required to promptly resign from the Board and all officerships, directorships or fiduciary positions with the Company and its Affiliates upon a termination of the Grantee’s employment or service. 
  

 6 

 Section 3.     Miscellaneous 
 (a) Notices. Any and all notices, designations, consents, offers, acceptances and any other communications provided for herein shall be given in
writing and shall be delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the case of the Company to both the Chief Financial Officer and the General Counsel of the Company at the principal
office of the Company and, in the case of the Grantee, to the Grantee’s address appearing on the books of the Company or to the Grantee’s residence or to such other address as may be designated in writing by the Grantee. 
 (b) No Right to Continued Employment. Nothing in the Plan or in this Agreement shall confer upon the Grantee any right to continue in the employ
of the Company, a Parent or any Subsidiary or shall interfere with or restrict in any way the right of the Company, Parent or any Subsidiary, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any
reason whatsoever, with or without Cause and with or without advance notice. 
 (c) Bound by Plan. By signing this Agreement, the
Grantee acknowledges that she has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 
 (d) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the
Grantee and the beneficiaries, executors, administrators, heirs and successors of the Grantee. 
 (e) Invalid Provision. The
invalidity or unenforceability of any particular provision thereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 
 (f) Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same is in writing and signed by
the parties hereto. 
 (g) Entire Agreement and Full Satisfaction. This Agreement, the Plan and the Employment Agreement contain the
entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. The Restricted Stock Units subject
to the Award, along with the other long-term incentive awards granted to the Grantee under the Plan on or around the date hereof, shall be in complete satisfaction of any and all rights the Grantee may have, under the Employment Agreement or
otherwise, to receive annual equity grants for 2009. 
 (h) Repayment Obligation. In the event of a restatement of financial results,
the Restricted Stock Units subject to the Award shall be subject to the repayment and other obligations contained in Section 10 of the Employment Agreement (the clawback provisions). 
  

 7 

 (i) Adjustments. For purposes of the Restricted Stock Units subject to the Award, the term
“stock dividend” under Section 16 of the Plan shall include dividends or other distributions of the stock of the subsidiaries of the Company. 
 (j) Governing Law. This Agreement and the rights of the Grantee hereunder shall be construed and determined in accordance with the laws of the State of Delaware. 
 (k) Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or
construction, and shall not constitute a part, of this Agreement. 
 (l) Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF,
this Agreement has been executed and delivered by the parties hereto as of the 25th day of February, 2009. 
  

			
	YAHOO! INC.
	
	/s/ Blake Jorgensen
	By:	 	Blake Jorgensen
	Its:	 	Chief Financial Officer

			
	
	Carol Bartz
		
	Signature:	 	/s/ Carol Bartz
	Printed Name:	 	Carol Bartz
	Address:	 	 701 First Avenue
 Sunnyvale, CA
94089

  

 8 

 EXHIBIT A 
 PERFORMANCE-BASED VESTING 
 Subject to Sections 2(e) and 2(g) of this Agreement, the Restricted Stock
Units shall vest and become non-forfeitable with respect to the Applicable Percentage of the Target Number of Restricted Stock Units set forth in the chart below based on the Company’s Actual TSR Percentile for the Performance Period (as each
such term is defined below); provided, however, that in no event shall the Applicable Percentage exceed two hundred percent (200%): 
  

				
	 Actual TSR Percentile
	  	Applicable
Percentage	 
	 90th or higher
	  	200	%
	 75th
	  	150	%
	 55th
	  	100	%
	 35th
	  	50	%
	 Below 35th
	  	0	%

 The Applicable Percentage will be interpolated on a linear basis between the levels stated in the
chart above. For example, if the Actual TSR Percentile for the Performance Period were the 60th percentile, then the Applicable Percentage would be 112.5%. Any Restricted Stock Units that do not vest based on the performance requirements set forth
in this Exhibit A (and which have not previously terminated pursuant to the terms of this Agreement) will automatically terminate as of the Final Committee Determination. The number of Restricted Stock Units that vest based on performance
will be determined by the Administrator following the end of the Performance Period and payment of vested Restricted Stock Units will be made in the period provided for in Section 2(d) of this Agreement. Any such determination by the
Administrator shall be final and binding. 
 For purposes of the Award, the following definitions shall apply: 
  

	 	•	 	 “TSR” means total shareholder return and shall be determined with respect to the Company and any other company in the Nasdaq-100 index by dividing:
(a) the sum of (i) the difference obtained by subtracting the Beginning Price from the Ending Price plus (ii) all dividends and other distributions paid on such company’s common stock during the Performance Period by (b) the
Beginning Price. Any non-cash distributions shall be ascribed such dollar value as may be determined by or at the direction of the Administrator. 

  

	 	•	 	 “Actual TSR Percentile” means the percentile ranking of the Company’s TSR among the TSRs for the companies comprising the Nasdaq 100 index on
the last day of the Performance Period. For purposes of clarity, the Company’s TSR shall be ranked against the TSRs for such companies regardless of whether the Company is a member of the Nasdaq 100 index at such time.

  

	 	•	 	 “Performance Period” means the period commencing on the Date of Grant and ending on the third anniversary of the Date of Grant.

  

 1 

	 	•	 	 “Beginning Price” means, with respect to the Company and any other company in the Nasdaq-100 index, the average of the closing market prices of
such company’s common stock on the principal exchange on which such stock is traded for the twenty (20) consecutive trading days ending with the first day of the Performance Period or, in the case of a company that is not traded on a stock
exchange on the first day of the Performance Period, the average of the closing market prices of such company’s common stock on the principal exchange on which such stock is thereafter first admitted to trading for the twenty
(20) consecutive trading days commencing with the first day in the Performance Period on which such company’s common stock is so traded. 

  

	 	•	 	 “Ending Price” means, with respect to the Company and any other company in the Nasdaq-100 index, the average of the closing market prices of such
company’s common stock on the principal exchange on which such stock is traded for the twenty (20) consecutive trading days ending with the last day of the Performance Period. 

  

	 	•	 	 “Nasdaq 100 index” means the NASDAQ-100 Index published by The Nasdaq Stock Market (or its successor) or, in the event such index is no longer
published on the last day of the Performance Period, an alternate index deemed comparable by the Administrator. 

  

 2

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