Priceline 2015 Annual Report Download - page 135

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2.06 Committee
“Committee” means the Compensation Committee of the Board.
2.07 Corporation
“Corporation” means The Priceline Group Inc. and its direct and indirect subsidiaries.
2.08 Eligible Employee
“Eligible Employee” means an employee who has satisfied the eligibility requirements set out in Section 4.01 (Eligibility).
2.09 Entitled Employee
“Entitled Employee” means the CEO, the Corporation’s Executive Officers and any Eligible Employee who is approved by the CEO
or his delegate to participate in this Plan.
2.10 Executive Officer
“Executive Officer” has the meaning given that term for purposes of Section 16 of the Securities Exchange Act of 1934.
2.11 Performance Measure
“Performance Measure” means, for any Performance Period, any performance criteria as specified and approved by the Committee.
The performance criteria may be applied either individually, alternatively, or in any combination and measured on an absolute basis
or relative to a pre-established target as may be specified and approved by the Committee. The performance criteria may include the
following measures, among others: return on invested capital, net operating profit (before or after tax), operating profit margin, gross
margin, operating profit, earnings before income taxes, earnings before interest, income taxes, depreciation and amortization
(“EBITDA”), adjusted EBITDA, adjusted net income per share (on a United States Generally Accepted Accounting Principles
(“GAAP”) or non-GAAP basis), growth in any of the foregoing measures, stock price, return on equity or average shareholders’
equity, total shareholder return, growth in shareholder value relative to a moving average of a selected index, return on capital, return
on assets or net assets, return on investment, economic value added, market shares, overhead or other expense reduction, credit rating,
strategic plan development and implementation, succession plan development and implementation, improvement in workforce,
diversity, customer indicators, improvements in productivity, attainment of objective operating goals and employee metrics.
2.12 Performance Period
“Performance Period” means the period of time designated by the Committee during which the Performance Measures are measured
for purposes of determining a Bonus.
2.13 Plan
“Plan” means this Annual Bonus Plan, as amended from time to time.
2