Actua Corporation Wind-Down Incentive Plan (June 18, 2018)
Actua Corporation has established a Wind-Down Incentive Plan effective June 18, 2018, to retain and motivate certain employees during the process of selling its minority interests in five specified companies. If the total cash received from these sales exceeds the assets' book value, 10% of the excess proceeds will be distributed among selected employees. The plan aims to encourage employees to maximize the value of these holdings during the wind-down process.
Exhibit 10.1
Actua Corporation
Wind-Down Incentive Plan
Actua Corporation (the “Company”) hereby adopts the Actua Corporation Wind-Down Incentive Plan (the “Plan”) effective as of June 18, 2018 to retain certain employees and incent those employees to maximize value in connection with the monetization of its minority holdings. Pursuant to the Plan, to the extent that the aggregate cash proceeds from the monetization of (1) Instamed Holdings, Inc., (2) Parchment Inc., (3) Relay Holdings, LLC, (4) Savana, Inc. and (5) Stage2 Capital Venture Associates, L.P. exceed the aggregate book value of such assets, the Company shall distribute an aggregate of 10% of such cash proceeds to be allocated among the certain of the Company’s employees.
