SEC Contract Filing

Filing Date: 2021-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.69
<SEQUENCE>5
<FILENAME>qrtea-20201231xex10d69.htm
<DESCRIPTION>EX-10.69
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.9.1.77--><!--Created on: 2/26/2021 07:51:53 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:9.41%;padding-right:9.41%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.69</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">NONQUALIFIED STOCK OPTION AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:72pt;margin:0pt;"><a name="_DV_M43"></a><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M44"></a><a name="_Hlk46157120"></a>THIS NONQUALIFIED STOCK OPTION AGREEMENT (this &#8220;Agreement&#8221;) is made and effective as of the date specified in Schedule I hereto (the &#8220;Grant Date&#8221;), by and between the issuer specified in Schedule I hereto (the &#8220;Company&#8221;) and you. &#160; </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M45"></a>The Company has adopted the incentive plan that governs the Options specified in Schedule I hereto (as has been or may hereafter be amended, the &#8220;Plan&#8221;), a copy of which is attached via a link at the end of this online Agreement as Exhibit A and, by this reference, made a part hereof. &#160;Capitalized terms used and not otherwise defined in this Agreement will have the meanings ascribed to them in the Plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M46"></a>Pursuant to the Plan, the Plan Administrator has determined that it would be in the interest of the Company and its stockholders to grant you an Award of Options, subject to the conditions and restrictions set forth in this Agreement and in the Plan, in order to provide you with additional remuneration for services rendered, to encourage you to remain in the service or employ of the Company or its Subsidiaries and to increase your personal interest in the continued success and progress of the Company. &#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M47"></a>The Company and you therefore agree as follows:</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman Bold';font-weight:bold;min-width:36pt;text-indent:0pt;vertical-align:baseline;white-space:nowrap;">1.</font><a name="_DV_M48"></a><b style="font-weight:bold;">Definitions</b>. &#160;The following terms, when used in this Agreement, have the following meanings, except as otherwise defined in Schedule I hereto:</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M49"></a><a name="_DV_M56"></a>&#8220;Agreement&#8221; has the meaning specified in the preamble to this Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">&#8220;Business Day&#8221; means any day on which stock exchanges in the United States are open for trading.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M57"></a>&#8220;Cause&#8221; has the meaning specified as &#8220;cause&#8221; in Section 10.2(b) of the Plan. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M58"></a>&#8220;Close of Business&#8221; means, on any day, 4:00 p.m., New York, New York time. &#160; </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M59"></a><a name="_DV_M60"></a>&#8220;Common Stock&#8221; has the meaning specified in Schedule I hereto.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">&#8220;Company&#8221; has the meaning specified in the preamble to this Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><a name="_DV_M61"></a>&#8220;Confidential Information&#8221; has the meaning specified in Section 11 (Confidential Information).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">&#8220;Disability&#8221; has the meaning specified as &#8220;Disability&#8221; in Section 2.1 of the Plan. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"