Terms of EmploymentIac/Interactivecorp • May 7th, 2009 • Retail-retail stores, nec
Set forth below are the terms of a legally binding term sheet ("Term Sheet"), dated February 18, 2009 ("Effective Date"), by and among Gregory R. Blatt ("Executive"), IAC/InterActiveCorp ("IAC") and Match.com, Inc. ("MatchCo"). Reference is made to the employment agreement, by and between Executive and IAC, dated November 21, 2006, as amended (the "Employment Agreement"). Effective on the Effective Date, terms of the Employment Agreement automatically are amended to reflect the terms of this Term Sheet. If there are inconsistencies between the Employment Agreement and the Term Sheet, the Term Sheet shall prevail.
