Document:

EX-10.1

 Exhibit 10.1 

EXPEDIA, INC. 

AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

This Amendment to the AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Amendment”) is made by and between Mark D.
Okerstrom (“Executive”) and Expedia, Inc., a Delaware corporation (the “Company” and together with the Executive hereinafter collectively referred to as the “Parties”). 

WHEREAS, the Parties previously entered into the AMENDED AND RESTATED EMPLOYMENT AGREEMENT, effective as of October 11, 2011 (the
“Employment Agreement”); and 
 WHEREAS, the Company and Executive desire to amend the
Employment Agreement and extend its term, as set forth below. 
 NOW, THEREFORE, for good and valuable consideration, Executive and
the Company agree that the Employment Agreement is amended as follows: 
 1. The Employment Agreement is hereby amended by replacing the
first paragraph of the Employment Agreement in its entirety with the following: 
 “THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT
(“Agreement”) is entered into by and between Mark D. Okerstrom (“Executive”) and Expedia, Inc., a Delaware corporation (the “Company”), and is effective as of the date this Amendment is executed by Executive (the
“Effective Date”).” 
 2. The Employment Agreement is hereby amended by replacing Section 2.A. of the Employment
Agreement in its entirety with the following: 
 “2.A. TERM OF AGREEMENT. The term (“Term”) of this Agreement shall
commence on the Effective Date, and shall continue through the third anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of Section 1 of the Standard Terms and Conditions attached hereto.” 

3. The Employment Agreement is hereby amended by increasing Executive’s base salary and replacing Section 3.A.(a) of the Employment
Agreement in its entirety with the following: 
 “(a) BASE SALARY. During the Term, the Company shall pay Executive an annual
base salary of $625,000.00 (the “Base Salary”), payable in equal biweekly installments or in accordance with the Company’s payroll practice as in effect from time to time. For all purposes under this Agreement, the term “Base
Salary” shall refer to Base Salary as in effect from time to time.” 

 4. The Employment Agreement is hereby amended by replacing Section 3.A.(b) of the Employment
Agreement in its entirety with the following: 
 “(b) DISCRETIONARY BONUS. During the Term, Executive shall be eligible to
receive discretionary annual bonuses with an annual target bonus equal to 100% of Base Salary, with amounts, if any, for any partial year payable on a pro rata basis. Any such annual bonus shall be paid not later than March 15 of the calendar
year immediately following the calendar year with respect to which such annual bonus relates (unless Executive has elected to defer receipt of such bonus pursuant to an arrangement that meets the requirements of Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”)).” 
 5. The Employment Agreement is hereby amended by replacing
Section 1(h) of the Standard Terms and Conditions to the Employment Agreement in its entirety with the following: 
 “(h)
SECTION 409A. This Agreement is intended to comply with or be exempt from Section 409A. Notwithstanding any other provision of this Agreement to the contrary, this Agreement shall be interpreted, operated and administered by the Company
in a manner consistent with such intention and to avoid the pre-distribution inclusion in income of amounts deferred under this Agreement, if any, and the imposition of any additional tax or interest with respect thereto. Any ambiguities under this
Agreement will be interpreted to comply with Section 409A or render the payments and benefits under this Agreement exempt from Section 409A.” 

6. Full Force and Effect. To the extent not expressly amended hereby, the Employment Agreement shall remain in full force and effect.

 7. Entire Agreement. This Amendment and the Employment Agreement, along with the documents incorporated by reference herein and
therein, constitute the full and entire understanding and agreement between the Parties with regard to the subjects hereof and thereof. This Amendment may be amended at any time only by mutual written agreement of the Parties. 

8. Counterparts. This Amendment may be executed in counterparts, all of which together shall constitute one instrument, and each of
which may be executed by less than all of the parties to this Amendment. 

 IN WITNESS WHEREOF, each of the Parties has executed this Amendment, in the case of the
Company by its duly authorized officer, as of the date set forth above. 
  

							
	COMPANY	 		 	EXPEDIA, INC.
			
		 		 	  /s/ Robert Dzielak

				
		 		 	By:	 	 Robert Dzielak

				
		 		 	Title:	 	 Executive Vice President and General Counsel

				
		 		 	Date:	 	 March 7, 2014

  

							
	EXECUTIVE	 		 	MARK D. OKERSTROM
			
		 		 	  /s/ Mark D. Okerstrom

				
		 		 	Date:	 	 March 7, 2014EX-10.8.8

 Exhibit 10.8.8 

RAIT FINANCIAL TRUST 

2012 INCENTIVE AWARD PLAN 

Share Award Grant Agreement for Non-Employee Trustees 

This is a Share Award dated as of January 29, 2014 (the “Date of Grant”) from RAIT Financial Trust, a Maryland
real estate investment trust (the “Company”), to [INSERT NAME] (“Participant”) a Non-Employee Trustee, (together with the Company, the “Parties”), under the terms of the RAIT Financial Trust 2012
Incentive Award Plan (the “Plan”). 
 1. Defined Terms. Except as set forth below, all capitalized terms
shall have the respective meaning as set forth thereto in Section 1.02 of the Plan. 
 (a) “Disability” shall mean the
inability of a Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less
than twelve months, as provided in Code section 409A(a)(2)(C) and Treas. Reg. § 1.409A-3(i)(4). 
 (b) “Share
Award” means the Six Thousand Thirty One (6,031) Common Shares which are the subject of this Grant. 
 2. Grant of Share
Award. Subject to the terms and conditions set forth herein, the Company hereby grants to Participant the Share Award and Participant hereby acknowledges the restrictions on the Share Award. The Share Award is subject to the terms and conditions
of the Plan now in effect and as they may be amended from time to time in accordance with the Plan. The terms and conditions of the Plan are and automatically shall be incorporated herein by reference and made a part hereof. 

3. Vesting. This Share Award is immediately vested as of the Date of Grant. the Participant’s ability to hold, sell, transfer,
pledge, assign or otherwise encumber the stock and dividends shall be unrestricted subject to the tax withholding requirements set forth in Paragraph 7(b). 

4. Dividends, Voting and Recapitalization. 

(a) Dividends. Pursuant to Section 5.06 of the Plan, if any dividends are paid with respect to the Common Shares, Participant
shall have the right to receive such dividends paid on such vested Common Shares in such amount and at such times as received by all other shareholders of the Company. 

 (b) Voting. Participant shall have the right to vote all Common Shares under this Share
Award while such Common Shares remain outstanding and the Participant otherwise retains such voting rights. 
 (c) Recapitalization.
In the event of any changes in the capital stock of the Company by reason of any stock dividends, split-ups or combinations of shares, reclassifications, mergers, consolidations, reorganizations or liquidations while any Common Shares comprising the
Share Award shall be subject to restrictions on transfer and forfeiture hereunder, any and all new, substituted or additional securities to which Participant is entitled shall be subject immediately to the terms, conditions and restrictions of this
Award. 
 5. Notices. Any notice to the Company relating to this Share Award shall be addressed to the Company in care of the Chief
Financial Officer of the Company at the principal office of the Company, and any notice to the Participant shall be addressed to such Participant at the current address shown on the records of the Company, or to such other address as the Participant
may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by
the United States Postal Service. 
 6. Applicable Laws. The Company may from time to time impose any conditions on the Share Award
as it deems necessary or advisable to ensure that the Award satisfies the conditions of applicable laws. 
 7. Tax Matters. 

(a) The grant of this Share Award is intended to be exempt from the requirements of Section 409A of the Code, and, to the extent that
further guidance is issued under Section 409A of the Code after the date of this Award, the Company may make any changes to this Award as are necessary to bring this award into compliance with the applicable exemptions under Section 409A
of the Code and the Treasury regulations issued thereunder. 
 (b) The Participant shall be required to pay to the Company, or make other
arrangements satisfactory to the Company to provide for the payment of, any federal, state, local or other taxes that the Company is required to withhold with respect to the grant, vesting or payment of the Common Shares and related dividends
subject to this Share Award. The Participant may elect to satisfy any tax withholding obligation of the Company with respect to the Common Shares and related dividends subject to this Share Award by having Common Shares and related dividends subject
to this Share Award withheld up to an amount that does not exceed the minimum applicable withholding tax rate for federal, state, local and other tax liabilities. 

 8. Share Award Not to Affect Service Relationship. The Share Award granted hereunder shall
not confer upon Participant any right to continue as a Non-Employee Trustee or in any other service relationship of the Company or any Subsidiary or affiliate of the Company. 

9. Restrictions on Issuance or Transfer of Common Shares. 

(a) The obligation of the Company to issue, or remove the restrictions on, Common Shares shall be subject to the condition that if at any time
the Committee shall determine in its discretion that the listing, registration or qualification of the Common Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is
necessary or desirable as a condition of, or in connection with, such issuance or removal, the Common Shares may not be issued or such restrictions removed in whole or in part unless such listing, registration, qualification, consent or approval
shall have been effected or obtained free of any conditions not acceptable to the Committee. The issuance of Common Shares and the payment of cash to the Participant pursuant to this Agreement are subject to any applicable taxes and other laws or
regulations of the United States or of any state having jurisdiction thereof. 
 (b) The Participant agrees to be bound by the
Company’s policies regarding the transfer of the Common Shares subject to this Share Award and understands that there may be certain times during the year in which the Participant will be prohibited from selling, transferring, pledging,
donating, assigning, mortgaging, or encumbering Common Shares. 
 10. Miscellaneous. 

(a) Binding Effect. Subject to the limitations set forth herein, this Award shall inure to the benefit of and be binding upon the
Parties hereto and their respective heirs, legal representatives, successors and assigns. 
 (b) Entire Agreement; Amendments. This
Award and the Plan constitute the entire agreement between the parties with respect to the Award and cannot be changed or terminated orally. No modification or waiver of any of the provisions hereof shall be effective unless in writing and signed by
the party against whom it is sought to be enforced. 
 (c) Counterparts. This Award may be executed in one or more counterparts, both
of which taken together shall constitute one and the same agreement. 
 (d) Governing Law. This Award shall be governed and construed
and the legal relationships of the parties determined in accordance with the internal laws of the State of Maryland. 
 (e)
Severability. In the event that any provision in this Award shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Award. 

 (f) Section Headings. The captions and section headings of this Award are for convenience
of reference only and shall not be deemed to alter or affect any provision hereof. 
  

			
		 	RAIT FINANCIAL TRUST
		
	By:	 	  

		 	Name:
		 	Title:

 ACKNOWLEDGMENT 

The Participant acknowledges receipt of the Share Award, a copy of which is attached hereto; represents that he or she has read and is familiar
with the terms and provisions thereof; hereby accepts this Share Award subject to all of the terms and provisions thereof. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee
upon any questions arising hereunder. 
  

									
	Date:	 	  
	 		 	  

		 		 		 	Signature of Participant
				
		 		 		 	  

		 		 		 	Name of Participant

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