Travelzoo 2010 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2010 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.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

Grants of Plan-Based Awards in 2010
The following table sets forth certain information with respect to non-equity incentive plan awards granted to
each of our named executive officers during the fiscal year ended December 31, 2010.
Name
Threshold
($)
Target
($)
Estimated Possible
Payouts
Under Non-Equity
Incentive Plan Awards
Christopher Loughlin(1) ......................................... — 212,659
Holger Bartel(2)............................................... — 120,000
Wayne Lee(3) ................................................ — 180,000
Max Rayner(4) ............................................... — 120,000
Shirley Tafoya(5) .............................................. — 180,000
(1) Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Loughlin’s
employment agreement. For the first and second quarters of 2010, Mr. Loughlin was also eligible for an annual
bonus payment which did not have a targeted payout amount, as the amount that Mr. Loughlin may receive for
such bonus is not capped. The measurements for determining the Performance Bonus and annual payouts are
described in the CD&A.
(2) Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Bartel’s
employment agreement for the first and second quarters of 2010. The business measurements and performance
goals for determining the Performance Bonus payout are described in the CD&A.
(3) Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Lee’s
employment agreement. The business measurements and performance goals for determining the
Performance Bonus payout are described in the CD&A.
(4) Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Rayner’s
employment agreement for the first and second quarters of 2010. The business measurements and performance
goals for determining the Performance Bonus payout are described in the CD&A.
(5) Amount represents the potential quarterly Performance Bonus payments under the terms of Ms. Tafoya’s
employment agreement for the third and fourth quarters of 2010. The business measurements and performance
goals for determining the Performance Bonus payout are described in the CD&A.
Outstanding Equity Awards at December 31, 2010
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price ($)
Option
Expiration
Date
Option Awards
Christopher Loughlin .................... — 300,000(1) 14.97 11/18/2019
(1) The options are exercisable in increments of 25% from and after July 1 of each year from 2011 through 2014, as
long as Mr. Loughlin’s employment remains in effect at such dates.
Option Exercises and Stock Vested
For the year ended December 31, 2010, there were no options exercised by any of our named executive
officers.
For the year ended December 31, 2010, there was no stock vested for any of our named executive officers.
20