SEC Contract Filing

Filing Date: 2016-04-21

Document Content:
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<TYPE>EX-10.1
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<FILENAME>exhibit10-1.htm
<DESCRIPTION>EMPLOYMENT OFFER LETTER, DATED APRIL 15, 2016
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<P align=right><FONT face="Times New Roman" size=2>April 15, 2016</FONT><FONT face="Times New Roman" size=2></FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Dear Lanny,</FONT><FONT face="Times New Roman" size=2></FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Yelp Inc., a Delaware corporation (the &#147;Company&#148; or
&#147;Yelp&#148;), is pleased to offer you employment on the following </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>terms:</FONT><FONT face="Times New Roman" size=2></FONT></P>
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 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"><FONT face="Times New Roman" size=2>1.</FONT></TD>
 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
 </FONT></TD>
 <TD VALIGN="TOP" WIDTH="100%" STYLE="text-align: justify"><B><FONT face="Times New Roman" size=2>Position. </FONT></B><FONT face="Times New Roman" size=2>Your
 employment will start on a mutually agreeable date no later than April 22, 2016, and you will </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>initially
 serve as Advisor to the Company. On May 9, 2016, you will become the Company&#146;s Chief Financial </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>Officer.
 You will report to the Company&#146;s Chief Executive Officer throughout. You will work primarily in San </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>Francisco,
 although you may be required to work at other Yelp offices and locations from time to time. The</FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>
 Company may change your title, reporting relationship and work location at its discretion.</FONT><B><FONT face="Times New Roman" size=2></FONT></B></TD></TR>
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 <TD VALIGN="TOP" COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
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 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"><FONT face="Times New Roman" size=2>2.</FONT></TD>
 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"></TD>
 <TD VALIGN="TOP" WIDTH="100%" STYLE="text-align: justify"><B><FONT face="Times New Roman" size=2>Salary.
 </FONT></B><FONT face="Times New Roman" size=2>The annualized salary for this position is $325,000 (as adjusted from
 time to time, your &#147;Salary&#148;), less </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>all </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>applicable</FONT><FONT face="Times New Roman" size=2></FONT> <FONT face="Times New Roman" size=2>deductions</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>and </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>withholdings, </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>payable </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>pursuant
 to </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>our </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>regular </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>payroll</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>policy.
 Your</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Salary is</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>subject
 to periodic review and adjustment in accordance with the Company&#146;s policies as in effect from time </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>to
 time. This is an exempt position, and your Salary is intended to cover all hour worked. </FONT><B><FONT face="Times New Roman" size=2></FONT></B></TD></TR>
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 <TD VALIGN="TOP" COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
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 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"><FONT face="Times New Roman" size=2>3.</FONT></TD>
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 <TD VALIGN="TOP" WIDTH="100%" STYLE="text-align: justify"><B><FONT face="Times New Roman" size=2>Incentive Compensation
 &amp; Benefits. </FONT></B><FONT face="Times New Roman" size=2>You are eligible to participate in the incentive
 compensation programs,</FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>insurance
 programs and other employee benefit plans established by the Company for its employees from</FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>
 time to time, in accordance with the terms of those programs and plans. The Company reserves the right to </FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New Roman" size=2>change
 the terms of its programs and plans at any time.</FONT><B><FONT face="Times New Roman" size=2></FONT></B></TD></TR>
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 <TD VALIGN="TOP" COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
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 <TD VALIGN="TOP" NOWRAP STYLE="text-align: justify"><FONT face="Times New Roman" size=2>4.</FONT></TD>
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 <TD VALIGN="TOP" WIDTH="100%" STYLE="text-align: justify"><B><FONT face="Times New Roman" size=2>Equity Compensation. </FONT></B><FONT face="Times New Roman" size=2>Yelp
 will recommend that its board of directors (or a committee thereof) grant you</FONT><FONT face="Times New Roman" size=2></FONT><FONT face="Times New