SEC Contract Filing

Filing Date: 2015-03-02

Document Content:
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<TYPE>EX-10.68
<SEQUENCE>9
<FILENAME>d876330dex1068.htm
<DESCRIPTION>EX-10.68
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<TITLE>EX-10.68</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit&nbsp;10.68 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHANGYOU.COM LIMITED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2014 SHARE INCENTIVE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(As Amended and Restated as of November&nbsp;2, 2014) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Purposes of this Plan</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This 2014 Share Incentive Plan (this &#147;Plan&#148;) is
intended to provide incentives: (a)&nbsp;to the directors, officers, employees, consultants and advisors of Changyou.com Limited, a Cayman Islands corporation (the &#147;Company&#148;), and any present or future parents or subsidiaries or variable
interest entities (&#147;VIEs&#148;) of the Company by providing them with opportunities to (i)&nbsp;acquire Class&nbsp;A Ordinary Shares of the Company pursuant to options (&#147;Options&#148;) granted hereunder, (ii)&nbsp;to receive Restricted
Share Unit awards (&#147;RSU&#148;), and (iii)&nbsp;to make direct purchases of Class&nbsp;A Ordinary Shares of the Company, subject to vesting (&#147;Restricted Shares&#148;). In addition to Options, RSUs, and Restricted Shares, other Awards
involving Class&nbsp;A Ordinary Shares and other Awards that are valued in whole or in part by reference to, or are otherwise based upon or settled in, Class&nbsp;A Ordinary Shares, including (without limitation) unrestricted Shares, performance
units, dividend equivalents, and convertible debentures, may be granted or sold under this Plan. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Definitions</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Applicable Laws&#148; means laws of the Company&#146;s jurisdictions of
incorporation and operation and requirements relating to the granting or sale of equity incentives and the administration of equity share incentive plans under the laws of any country or other jurisdiction where Awards are issued or sold under this
Plan, and under the rules of any securities exchange on which the Class&nbsp;A Ordinary Shares are listed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Award&#148; means an Option, RSU,
Restricted Share, or other share-based award or right granted or sold pursuant to the terms of this Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Award Agreement&#148; means a written or
electronic document or agreement setting forth the terms and conditions of a specific Award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Board&#148; means the Board of Directors of the
Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Class A Ordinary Share&#148; means a Class&nbsp;A Ordinary Share in the capital of the Company, having the rights, restrictions,
privileges and preferences set forth in the Memorandum and Articles of Association of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Compensation Committee&#148; means the full
Board or a Compensation Committee appointed by the Board, which Compensation Committee will be constituted to comply with Applicable Laws and which will administer this Plan in accordance with Section&nbsp;4 below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Company&#148; means Changyou.com Limited, a company incorporated under the laws of the Cayman Islands. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Consultant&#148; means any person who is engaged by the Company or any Parent or Subsidiary or VIE to render consulting or advisory services to such
entity, but is not an employee of the Company or any Parent or Subsidiary or VIE. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Director&#148; means a member of the Board. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Disability&#148; means any total and permanent disability which prevents a Service Provider from continuing
in such capacity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Employee&#148; means any person employed by the Company or any Parent or Subsidiary or VIE of the Company. A person will not
cease to be an Employee solely by virtue of also being a Director of the Company. A Service Provider will not cease to be an Employee in the case of: </P> <P STYLE="font-size:12pt;margin-top:0pt