Document:

exv10w67

EXHIBIT
10.67

February 18, 2004

James S. Caulfield

1901 Kipling Drive

Flower Mound, TX 75022

Dear Jim,

On behalf of Homestore, Inc., it is with great pleasure that I extend to you our offer of
employment. The specifics of this offer are as follows:

	 	 	 
	JOB TITLE:

	 	Vice President, Senior Corporate Counsel
	 
	 	 
	START DATE:

	 	February 23, 2004
	 
	 	 
	SUPERVISOR:

	 	Michael Douglas, Executive Vice President & General Counsel
	 
	 	 
	ANNUAL SALARY:

	 	$200,000
	 
	 	 
	SIGNING BONUS:

	 	$50,000, subject to repayment agreement guidelines
	 
	 	 
	BONUS TARGET:

	 	Up to 40% of base salary
	 
	 	 
	STOCK OPTIONS:

	 	100,000
	 
	 	 
	RELOCATION:

	 	Senior Relocation Package (Level 3) as outlined in attachment
	 
	 	 
	VACATION:

	 	Three Weeks (15 days) per anniversary year
	 
	 	 
	LOCATION:

	 	Westlake Village, CA
	 
	 	 
	EMPLOYMENT STATUS:

	 	Exempt, Regular-Full Time Employee

If you accept this offer of employment, you will be scheduled for a new employee orientation
session during your first month of employment to introduce you to Homestore, Inc.’s employee
benefits and policies.

As a regular, full-time employee, you will be eligible for medical insurance and other fringe
benefits. The effective day of your medical benefits will be the first of the month following date
of employment. Further details will be discussed with and provided to you on your first day of
employment.

 

 

James S. Caulfield

February 18, 2004

Page 2

You will be eligible to earn an annual target bonus in the amount of up to forty percent (40%) of
your base salary based on the achievement of certain business and financial objectives that you and
your supervisor mutually determine on good faith, in accordance with the company’s annual bonus
plan.

Upon commencement of your employment and subject to Board of Directors approval, you will be
granted 100,000 stock options in Homestore, Inc. The Board, at their next scheduled meeting
following your date of hire, will set the option price at the fair market value. Your options will
vest over four years at a rate of 25% of the shares on the first anniversary of your start date and
monthly thereafter for the remaining 36 months. Options expire 10 years after the grant date or 90
days after termination, whichever comes earlier.

If your employment is terminated by the Company for any reason other than for “Cause” (as specified
in the attached definition), the Company will offer you (the “Executive”) the following exchange
for a full release of claims: three (3) months severance compensation (at your base salary) in
addition to the severance benefits provided by the Company’s severance policy now in effect.
Severance benefits will be paid in regular biweekly installments in coordination with the company’s
normal biweekly payroll processing schedule.

Of course, this letter is not intended to be a contract and unless, expressly agreed otherwise in
writing signed by the Chief Executive Officer and you, your employment remains “at will.” This
means that you have the right to resign at any time with or without notice. Likewise, Homestore,
Inc. retains the right to terminate your employment at any time with or without notice, with or
without cause.

In addition to the temporary housing expenses provided in the Homestore Senior Relocation Package
(Level 3), we will provide additional temporary relocation allowance of $3,000 per month for two
months following the exhaustion of such temporary housing expenses.

On your first day of work, new hire documents will be completed to assure that there is no delay in
the processing of your paycheck. In accordance with federal law, you will be required to provide
documentation to Human Resources within 72 hours of your commencement of employment verifying your
employment eligibility. Additionally, you will be required to sign Homestore, Inc.’s
Confidentiality Agreement and Code of Conduct policy.

This letter is not intended to be a contract and, unless expressly agreed otherwise in writing
signed by the chief Executive Officer and you, your employment is at-will. this means you have the
right to resign at any time with or without cause, with or without notice. Likewise, Homestore,
Inc. retains the right to terminate you employment at any time with or without notice, with or
without cuase.

This offer is contingent up on satisfactory references and degree verification as determined by
Homestore’s Human Resources Department.

 

 

James S. Caulfield

February 18, 2004

Page 3

We are very pleased to extend this offer to you. I join the rest of the Homestore, Inc. team in
looking forward to working with you, and know that our success will be even greater with you
aboard.

Please indicate your acceptance of this offer by faxing the signed offer letter to (805) 557-3805.
This offer is valid for 5 days from the date on the offer letter.

Sincerely,

/s/ Michael R. Douglas

Michael Douglas

Executive Vice President & General Counsel

cc: Megan Best, Vice President, Human Resources

I have read and understand the terms of this offer and consent to all of the terms and provisions
contained herein.

	 	 	 	 	 	 	 	 	 
	Name:

	 	   /s/ James S. Caulfield
 

	 	Date:
	 	  Feb. 19, 2004exv10w68

EXHIBIT
10.68

October 5, 2006

Jim Caulfield

2299 Stacy Lane

Camarillo, California 93012

Dear Jim:

     On behalf of Move, Inc. (the
“Company”), it is with great
pleasure that I extend to you our
offer to serve as the Company’s
Executive Vice President, General
Counsel and Secretary. The
specific terms of this offer are
as follows:

	 	 	 
	JOB TITLE:

	 	Executive Vice President, General Counsel and Secretary, Move, Inc.
	 
	 	 
	START DATE:

	 	October 5, 2006
	 
	 	 
	SUPERVISOR:

	 	Michael Long, CEO
	 
	 	 
	ANNUAL SALARY:

	 	$275,000 effective as of December 1, 2006 (existing
base salary of $220,000 to remain in place until
December 1, 2006)
	 
	 	 
	BONUS:

	 	Performance bonus of up to 100% of your
annual salary at target for 2007; existing 2006 bonus structure pro-rated for
2006 (see below)
	 
	 	 
	RESTRICTED
	 	 
	STOCK UNITS:

	 	200,000 units (see below)
	 
	 	 
	STOCK OPTIONS:

	 	300,000 stock option shares (see below)
	 
	 	 
	VACATION:

	 	Four Weeks (20 days) per anniversary year
	 
	 	 
	LOCATION:

	 	The Company’s offices in Westlake Village, California
	 
	 	 
	EMPLOYMENT STATUS:

	 	Exempt, Regular-Full Time Employee

     Subject to approval of the Board of Directors or authorized committee at the next scheduled
meeting following your acceptance of this offer, you will be granted 300,000 stock options in Move,
Inc. The option price will be set at the fair market value as of the date that approval is granted,
and vesting will take place quarterly from your grant date over a 48 month period. Such stock
options shall be governed by the terms of the Company’s stock option plan except as specifically
set forth in the Company’s Executive Retention and Severance Agreement, a copy of which is attached
hereto.

     Subject to the approval of the Compensation Committee, you will be awarded 200,000
performance-based restricted stock units. Under the terms of the award, you may earn up to 200,000
units of the Company’s stock based on the attainment of certain performance goals relating to the
Company’s revenues and EBITDA for the fiscal year ended December 31, 2008. In the event of a
change of control of the Company, such units will vest pro-rated by time through the plan period
subject to the terms, conditions and exceptions of the Company’s award agreement which will be
determined by the Management Development and Compensation Committee of the Company (the terms of
such award agreement shall be similar to the terms provided to the other senior executives of the
Company regarding the award of such performance based stock units).

30700 Russell Ranch Road, Westlake Village, CA 91362 • 805-557-2300 • Fax: 805-557-2688

 

 

     Your participation in the Company’s bonus plan as adopted in the Company’s sole discretion
(the “Bonus Plan), for 2006 will be up to 50% of your pro-rated base pay for 2006 (i.e., from
January 1, 2006 until November 30, 2006 based on base salary of $220,000 and from December 1, 2006
until December 31, 2006 based on your new base salary of $275,000). Beginning January 1, 2007 you
will be entitled to participate in the Bonus Plan at your new base pay ($275,000) with the
potential to earn up to 100% of your annual base salary if your performance targets are met.

     As a regular, full-time
employee, you will continue to be
eligible for health insurance and
other fringe benefits.
Additionally, upon acceptance of
your new position you will be
required to sign Move, Inc.’s
Confidentiality Agreement and
Code of Conduct Policy.

     This letter is not intended to be an employment contract and, unless expressly agreed
otherwise in writing signed by the Chief Executive Officer and you, your employment is at-will.
This means that you have the right to resign at any time with or without cause, with or without
notice. Likewise, Move, Inc. retains the right to terminate your employment at any time with or
without notice, with or without cause.

     We are very pleased to extend this offer to you. I join the rest of the Move, Inc. team in
looking forward to working with you, and know that our success will be even greater with you
aboard.

     Please indicate your
acceptance of this offer by
delivering this signed offer
letter, the Executive Retention
and Severance Agreement, and the
Indemnity Agreement to Cindy
Ericson.

Sincerely,

/s/ Michael Long

Michael Long

CEO

I have read and understand the terms of this offer and consent to all of the terms and provisions
contained herein.

	 	 	 	 	 	 	 
	Name

	 	/s/ James S. Caulfield
	 	Date 10/5/06
	 	 
	 

	 	James S. Caulfield	 	 	 	 

JOB CODE:_____

cc: Carol Brummer, VP of Human Resources

2

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