Priceline 2015 Annual Report Download - page 134
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Section 1 - Establishment Of the Plan
1.01 Purpose
This Plan is established for the purpose of rewarding employees on an annual basis for their efforts and contributions in the
attainment of certain performance measures that contribute materially to the success of the business interests of The Priceline Group
Inc.
1.02 Effective Date
Subject to Section 6.02 (Amendment or Termination), this Plan shall be effective on and after January 30, 2007.
SECTION 2 - Definitions
The following terms, when capitalized, shall be defined as follows:
2.01 Bonus
“Bonus” means, as to an Eligible Employee, a cash payment determined pursuant to the Bonus Formula, as determined in Section 4.
2.02 Bonus Classification
“Bonus Classification” means, for any Performance Period, a classification of employees to which the Committee assigns a Bonus
Formula.
2.03 Bonus Formula
“Bonus Formula” means, as to any Performance Period, the formula established by the Committee with respect to the CEO and the
Corporation’s Executive Officers, and by the CEO or the Committee with respect to other Entitled Employees, to determine the
amounts available for Bonuses and the Bonus amounts, if any, to be paid to Entitled Employees based upon such compensation as the
Committee (or the CEO or the Committee, as applicable) may determine and the level of achievement of targeted goals for the
selected Performance Measures. The formula may differ from Entitled Employee to Entitled Employee or from Bonus Classification
to Bonus Classification.
2.04 Board
“Board” means the Board of Directors of The Priceline Group Inc.
2.05 CEO
“CEO” means the Chief Executive Officer of The Priceline Group Inc.
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