Travelzoo 2004 Annual Report Download - page 14

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Please find page 14 of the 2004 Travelzoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Stock-Based Compensation
Travelzoo did not compensate executives with stock or stock options in 2004.
CEO Compensation
The CEO's compensation is determined in accordance with the executive compensation principles
established by the committee. The committee considers overall performance, individual performance,
competitive compensation and targeted pay levels when determining Mr. Bartel's compensation. Performance
is measured in terms of Ñnancial results and overall growth of the Company. His current employment
agreement became eÅective on July 1, 2004, and provides for an annual salary of $250,000. Mr. Bartel's
annual salary was increased to $250,000 from $200,000 as of July 1, 2004.
Compensation Committee
Ralph Bartel (Chairman)
Suzanna Mak
Kelly M. Urso
Compensation Committee Interlocks and Insider Participation
During 2004, Ralph Bartel, the Chief Executive OÇcer of Travelzoo, was a member of the Compensation
Committee. Mr. Bartel did not participate in the determination of his compensation as an employee during
2004.
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