Priceline 2015 Annual Report Download - page 138

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SECTION 6 - Provisions
6.01 Amendment or Termination
Subject to Section 6.02 (Effect of Amendment or Termination), this Plan may be amended in whole or in part from time to time or
terminated by the Corporation. Any amendment or termination shall be binding on the Corporation, Entitled Employees, Eligible
Employees and their respective beneficiaries.
6.02 Effect of Amendment or Termination
Notwithstanding Section 6.01 (Amendment or Termination), no amendment or termination of any provision of this Plan shall directly
or indirectly deprive any Entitled Employee or beneficiary of all or any portion of a Bonus payable with respect to any Performance
Period ending prior to the date of the amendment or termination.
6.03 No Enlargement of Contractual Rights
This Plan shall not give any Entitled Employee or Eligible Employee the right to be retained in the service of the Corporation nor
shall it interfere with the right of the Corporation to terminate the employment of the Entitled Employee or Eligible Employee.
Participation in this Plan shall not give any Entitled Employee or Eligible Employee any right or claim to any benefit, except to the
extent provided in this Plan.
6.04 Interpretation
This Plan shall be interpreted pursuant to the laws of the State of Connecticut. Section headings are for convenience only and shall
not be considered provisions of the Plan. Words in the singular shall include the plural, and vice versa, unless qualified by the
context.
6.05 Withholding of Taxes
The Corporation shall withhold all applicable taxes from any amounts paid pursuant to this Plan.
6.06 Binding on Successors
This Plan shall be binding on any successor or successors of The Priceline Group Inc. whether by merger, consolidation or otherwise.
6.07 Currency
The benefits payable pursuant to this Plan shall be paid in the same currency as the Entitled Employee receives his or her regular
wages or salary.
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