EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • January 13th, 2020 • Care.com Inc • Services-personal services • Massachusetts
This Executive Severance Agreement (“Agreement”) is made effective as of , 2020 (“Effective Date”), by and between Care.com, Inc. (the “Company”) and (“Executive”). This Agreement shall terminate automatically in the event of the termination of the Merger Agreement (as defined below) prior to the consummation of the transactions contemplated thereunder.
Re: Retention Bonus Award AgreementAward Agreement • January 13th, 2020 • Care.com Inc • Services-personal services • Massachusetts
As you are aware, Care.com, Inc. (the “Company”) has entered into that certain Agreement and Plan of Merger (the “Merger Agreement”), dated December 20, 2019, with IAC/InterActiveCorp (“IAC”), pursuant to which the Company will become a wholly owned subsidiary of IAC (the consummation of the transactions contemplated by the Merger Agreement, the “Closing”). In connection with the anticipated transaction with IAC, the Company is pleased to inform you that you are eligible to receive a cash retention award (the “Retention Bonus”) pursuant to the terms set forth in this letter agreement (the “Award Agreement”).
