SEC Contract Filing

Filing Date: 2017-10-02

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>12
<FILENAME>a17-22578_2ex10d2.htm
<DESCRIPTION>EX-10.2
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.2</font></b><a name="Exhibit10_2_114826"></a></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">EMPLOYMENT AGREEMENT</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THIS EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) is entered into by and between Chris Terrill (&#147;Executive&#148;) and ANGI Homeservices Inc., a Delaware corporation (the &#147;Company&#148;), and is effective upon the date (the &#147;Effective Date&#148;) on which the Effective Time occurs.&#160; &#147;Effective Time&#148; has the meaning set forth in the Agreement and Plan of Merger (the &#147;Merger Agreement&#148;), by and among Angie&#146;s List,&nbsp;Inc.,&nbsp;IAC/InterActiveCorp (&#147;IAC&#148;), the Company and Casa Merger Sub,&nbsp;Inc., dated as of May&nbsp;1, 2017.&#160; All capitalized terms used herein that are not defined herein shall be as set forth in the Standard Terms and Conditions attached hereto.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the mutual agreements hereinafter set forth, Executive and the Company have agreed and do hereby agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1A.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>EMPLOYMENT</u>.&#160; During the Term (as defined below), the Company shall employ Executive, and Executive shall be employed, as Chief Executive Officer of the Company.&#160; During Executive&#146;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&#146;s position and shall render such services on the terms set forth herein.&#160; During Executive&#146;s employment with the Company, Executive shall report directly to the Board of Directors of the Company (the &#147;Board&#148;) and the Chairman of the Board.&#160; Executive shall have such powers and duties with respect to the Company as may reasonably be assigned to Executive by the Board, to the extent consistent with Executive&#146;s position.&#160; Executive agrees to devote all of Executive&#146;s working time, attention and efforts to the Company and to perform the duties of Executive&#146;s position in accordance with policies applicable to all employees of the Company and its subsidiaries and/or affiliates as in effect from time to time.&#160;&#160; Notwithstanding the foregoing, Executive may (i)&nbsp;serve as a member of the board of directors of the entities set forth on <u>Exhibit&nbsp;A</u> hereto and as corporate board member for such other organizations as may be approved in advance by the Board; (ii)&nbsp;serve as a director of, or a member of a committee of the board of directors of, any non-profit organization, or engage in other charitable, community or religious activities; or (iii)&nbsp;engage in personal or family passive investment activities; provided, in each case, that said service or activity does not (x)&nbsp;interfere with Executive&#146;s ability to perform his duties for the Company as contemplated hereunder, or (y)&nbsp;compete with, or present an actual or apparent conflict of interest for, the Company or IAC and its subsidiaries, which shall be determined by the General Counsel of IAC in his sole, good faith discretion.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2A.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>TERM</u>.&#160; The term of this Agreement shall be three (3)&nbsp;years from the Effective Date (the &#147;Initial Term&#148;); <u>provided</u>, <u>however</u>, that certain terms and conditions herein may specify a greater period of effectiveness.&#160; Notwithstanding any other provision of this Agreement to the contrary, Executive&#146;s employment with the Company is &#147;at-will&#