Summary of Non-Employee Director Compensation Arrangements

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Exhibit 10.2

Summary of Non-Employee Director Compensation Arrangements

        Effective April 15, 2009, each director of IAC who is not an employee of IAC or any of its businesses receives an annual retainer of $50,000 and the Chairpersons of the Audit and Compensation and Human Resources Committees each receive an additional annual retainer of $20,000. Members of the Audit and Compensation and Human Resources Committees (including the chairpersons) receive an additional annual retainer of $10,000 and $5,000, respectively.

        In addition, non-employee directors receive a grant of restricted stock units with a dollar value of $250,000 upon their initial election to office and annually thereafter upon re-election on the date of IAC's annual meeting of stockholders. The terms of these restricted stock units provide f