TripAdvisor 2014 Annual Report Download - page 143

Download and view the complete annual report

Please find page 143 of the 2014 TripAdvisor 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 172

  • 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
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

21
x general economic conditions, and
x the recommendations of the President and Chief Executive Officer (other than in connection with his own compensation).
After careful consideration of the factors discussed above with respect to each of the named executive officers, the
Compensation Committees approved 2014 salary changes for our named executive officers. The table below describes, for each
named executive officer, the 2013 annualized salary, the annual salary increase and the 2014 annualized salary. Adjustments were
made to the compensation annual base salary of Ms. Bradley and Mr. Kalvert primarily in acknowledgement of the extent to which
they had achieved their individual performance goals and in response to the analysis provided by Compensia on competitive
compensation market data for executive officers with in our peer group in comparable positions. Ms. Seidenberg’s salary was set in
August 2014 when TripAdvisor acquired Viator and her employment commenced. Only her annualized 2014 base salary is included
in the table below.
Name 2013 Salary
Annual Salary
Increase 2014 Salary
Stephen Kaufer ..................................................................... $ 500,000 $ - $ 500,000
Julie Bradley ......................................................................... $ 365,000 $ 32,000 $ 397,000
Seth Kalvert .......................................................................... $ 350,000 $ 35,000 $ 385,000
Dermot M. Halpin ................................................................ £ 296,440 £ 5,929 £ 302,369
Barrie Seidenberg ................................................................. -- -- $ 250,000
(1) Mr. Halpin’s base salary was paid in GBP and the amounts set forth above represent $488,652, $9,773 and $498,425,
respectively, when converted to USD using an exchange rate of 1.6484 USD to 1 GBP.
Annual Cash Bonuses
Cash bonuses are awarded to recognize and reward each named executive officer’s annual contribution to Company
performance. Unless otherwise provided by the provisions of his or her employment agreement, the target annual cash bonus
opportunities for our named executive officers are generally established by the Compensation Committees, based on competitive
market data and recommendations by the President and Chief Executive Officer (other than in connection with his own
compensation).
In February 2015, management recommended bonuses with respect to calendar year 2014 for each of our named executive
officers after taking into account a variety of factors including, but not limited to, the following:
x TripAdvisor’s business and financial performance, including year-over-year performance,
x TripAdvisor’s performance against strategic initiatives,
x the named executive officer’s target cash bonus opportunity, if any,
x his or her individual performance,
x the overall funding of the cash bonus pool,
x the amount of bonus relative to other TripAdvisor executives,
x general economic conditions,
x competitive compensation market data, when available, and
x the recommendations of the President and Chief Executive Officer (other than in connection with his own compensation).