SEC Contract Filing

Filing Date: 2015-11-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rate-20151125ex101dc8173.htm
<DESCRIPTION>EX-10.1
<TEXT>
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 Exhibit 101
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 <a name="_GoBack"></a><font style="display: inline;">November</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">23</font><font style="display: inline;">, 2015</font><font style="display: inline;">&nbsp;</font>
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 <font style="display: inline;">Jeffrey J. Grant</font>
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 <font style="display: inline;">196 Buchanan Drive</font>
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 <font style="display: inline;">Sausalito, CA 94965</font>
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 <font style="display: inline;">Dear Jeff</font><font style="display: inline;">:</font>
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 <font style="display: inline;">Re:&nbsp;&nbsp;Retention Bonus</font><font style="display: inline;"> and Incentive Award</font>
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 <font style="display: inline;">This Award Letter (this &#x201C;</font><font style="display: inline;text-decoration:underline;">Award Letter</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;"> sets forth </font><font style="display: inline;">certain </font><font style="display: inline;">terms and conditions of your eligibility to </font><font style="display: inline;">receive a retention bonus and additional benefits (an &#x201C;</font><font style="display: inline;text-decoration:underline;">Award</font><font style="display: inline;">&#x201D;) from Bankrate, Inc., a Delaware corporation (&#x201C;</font><font style="display: inline;text-decoration:underline;">Parent</font><font style="display: inline;">&#x201D;), with respect to a </font><font style="display: inline;">possible s</font><font style="display: inline;">ale of Parent&#x2019;s </font><font style="display: inline;">insurance segment, </font><font style="display: inline;">referred to as </font><font style="display: inline;">insuranceQuotes</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;">(</font><font style="display: inline;">the </font><font style="display: inline;">&#x201C;</font><font style="display: inline;text-decoration:underline;">Company</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">.&nbsp; </font><font style="display: inline;">Pa</font><font style="display: inline;">yment of all bonuses and </font><font style="display: inline;">benefits is subject to the terms and conditions set forth in this Award Letter.</font><font style="display: inline;"> &nbsp;Cap</font><font style="display: inline;">i</font><font style="display: inline;">talized terms not otherwise defined </font><font style="display: inline;">herein </font><font style="display: inline;">shall have the meanings set forth in the </font><font style="display: inline;text-decoration:underline;">Appendix</font><font style="display: inline;"> to this Award Letter.</font>
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 <font style="display: inline;font-weight:bold;">1.</font><font style="display: inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-weight:bold;">Eligibility</font>
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 <font style="display: inline;">You </font><font style="display: inline;">shall </font><font style="display: inline;">be eligible to receive the retention bonus and other benefits described in this Award Letter if and only if </font><font style="display: inline;">you satisfy each of the following conditions</font><font style="display: inline;"> until the closing date of the Sale (&#x201C;</font><font style="display: inline;text-decoration:underline;">Closing Date</font><font style="display: inline;">&#x201D;)</font><font style="display: inline;">:&nbsp; </font><font style="display: inline;">(1) </font><font style="display: inline;">satisfactory performance of your current job duties: (2) </font><font style="display: inline;">diligent and good faith efforts to effectuate a Sale</font><font style="display: inline;"> as reasonably requested by Parent</font><font style="display: inline;"> or the Company and as applicable to </font><font style="display: inline;">you</font><font style="display: inline;">r</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">position with the Company; (</font><font style="display: inline;">3</font><font style="display: inline;">) &nbsp;</font><font style="display: inline;">continued </font><font style="display: inline;">employment with the </font><font style="display: inline;">Parent or </font><font style="display: inline;">Compan</font><font style="display: inline;">y through and including the Closing</font><font style="display: inline;"> Date</font><font style="display: inline;">, except as provided below</font><font style="display: inline;">; (</font><font style="display: inline;">4</font><font style="display: inline;">) not interfering in the Sale process (e.g., making any unauthorized pu