SEC Contract Filing

Filing Date: 2025-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>2
<FILENAME>angiex101012312024.htm
<DESCRIPTION>EX-10.10
<TEXT>
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<title>Document</title></head><body><div id="i0b08f8f625c44fdcb854804e3b10f4cc_1"></div><div style="min-height:67.68pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%"><br>Exhibit 10.10</font></div></div><div style="margin-top:3.95pt;padding-left:150.32pt;padding-right:150.32pt;text-align:center"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">EMPLOYMENT AGREEMENT</font></div><div><font><br></font></div><div style="margin-top:0.4pt"><font><br></font></div><div style="padding-left:19pt;padding-right:45.75pt;text-indent:36pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">THIS EMPLOYMENT AGREEMENT (&#8220;Agreement&#8221;) is entered into by and between Bailey Carson (&#8220;Executive&#8221;) and Angi Inc., a Delaware corporation (the &#8220;Company&#8221;), and is effective as of October 15, 2024 (the &#8220;Effective Date&#8221;).</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="padding-left:19pt;padding-right:30.25pt;text-indent:36pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Company desires to establish its right to the services of Executive, in the capacity described below, on the terms and conditions hereinafter set forth, and Executive is willing to accept such employment on such terms and conditions.</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:19pt;padding-right:45.75pt;text-indent:36pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">NOW, THEREFORE, in consideration of the mutual agreements hereinafter set forth, Executive and the Company have agreed and do hereby agree as follows&#58;</font></div><div style="margin-top:0.45pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:19pt;padding-right:30.25pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1A.&#160;&#160;&#160;&#160;</font><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">EMPLOYMENT</font><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. During the Term (as defined below), the Company shall employ Executive, and Executive shall be employed, as Chief Operating Officer of Angi Inc. During Executive&#8217;s employment with the Company, Executive shall do and perform all services and acts necessary or advisable to fulfill the duties and responsibilities as are commensurate and consistent with Executive&#8217;s position and shall render such services on the terms set forth herein. During Executive&#8217;s employment with the Company, Executive shall report directly to the Chief Executive Officer of the Company (hereinafter referred to as the &#8220;Reporting Officer&#8221;).</font></div><div style="padding-left:19pt;padding-right:32.45pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Executive shall have such powers and duties with respect to the Company as may reasonably be assigned to Executive by the Reporting Officer, to the extent consistent with Executive&#8217;s position. Executive agrees to devote all of Executive&#8217;s working time, attention and efforts to the Company and to perform the duties of Executive&#8217;s position in accordance with the Company&#8217;s policies as in effect from time to time. Notwithstanding anything to the contrary above, Executive may participate in civic and charitable activities, and may serve as member of the board of directors of such entities as may be approved from time to time in advance by the Reporting Officer, so long as such activities do not conflict with or interfere with Executive&#8217;s performance of his duties hereunder or compete with or present an actual or apparent conflict of interest for the Company, which shall be determined by the Reporting Officer and&#47;or the Chief Legal Officer of Angi Inc. in his&#47;her good faith judgment.</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="padding-left:19pt;padding-right:30.25pt"><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2A.&#160;&#160;&#160;&#160;</font><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">TERM</font><font style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. The term of this Agreement shall commence on the Effective Date and shall terminate on the first anniversary thereof (the &#8220;Initial Term&#8221;)&#59; provided, that certain terms and conditions herein may specify a greater period of effectiveness&#59; and further provided that this Agreement shall automatically renew for additional one year terms (each a &#8220;Renewal Term&#8221;, and collectively with the Initial Term, the &#8220;Term&#8221;), unless terminated by either party with written notice provided not less than ninety (90) days prior to the end of the then-current Term or Renewal Term (a &#8220;Notice of Non-Renewal&#8221;).</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="padding-left:19pt;padding-right:32.45pt;text-indent:36pt"><font style="color:#231f2