Lendingtree Inc (TREE) has released an update.
The Compensation Committee of our Board of Directors has updated the employment agreement with Douglas R. Lebda, our CEO and Chairman, allowing him to convert his cash salary and bonuses into LendingTree, Inc. stock at market value instead of direct payment. The revised agreement also clarifies that Lebda’s shift from CEO while remaining Chairman wouldn’t constitute a “Good Reason” for adverse change, with no other adjustments to his compensation or the agreement itself.
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