TripAdvisor 2015 Annual Report Download - page 103
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Item 9B . Other Information
OnFebruary15,2016,theCompanyenteredintoanemploymentagreementwithDermotHalpin,PresidentofVacationRentals.Originally,Mr.Halpinwas
hiredtoworkfromtheCompany’sLondonoffice;however,morerecently,Mr.HalpinrelocatedtotheCompany’scorporateheadquartersinNeedham,
Massachusetts,andhisemploymentarrangementwasmodifiedtoreflectthatchange,amongotherthings.Morespecifically,theCompanyandMr.Halpinhave
agreedasfollows:
·Mr.Halpinwillreceiveabasesalaryof$390,000;
·Mr.Halpinwillhaveatargetof50%ofhisbasesalaryforanannualdiscretionarybonus;
·WhileMr.Halpin’semploymentmaybeterminatedwithorwithoutcause,ifMr.HalpinisterminatedwithoutCause(asdefinedintheagreement)or
Mr.HalpinresignsforGoodReason(asdefinedintheagreement),Mr.Halpinwillreceiveseveranceequivalenttosixmonthsofhisbasesalary.In
addition,insuchevent,theCompanywillconsideranaccelerationofequitythatwouldhavevestedduringthe6monthperiodfollowingthetermination,
subjecttoapprovalofCompensationCommittee.
·Mr.Halpinwillalsoreceiveapersonaltravelallowanceof$20,000(grossedupfortax)andtheCompanywillpaythecostoftaxadviceforMr.Halpin
inconnectionwithhistaxreturnsfor2015and2016.
PART III
Item 10 . Directors, Executive Officers and Corporate Governance
Theinformationrequiredunderthisitemisincorporatedhereinbyreferencetoour2016ProxyStatement,whichproxystatementwillbefiledwiththe
SecuritiesandExchangeCommissionnotlaterthan120daysafterthecloseofourfiscalyearendedDecember31,2015.
Item 11 . Executive Compensation
Theinformationrequiredunderthisitemisincorporatedhereinbyreferencetoour2016ProxyStatement,whichproxystatementwillbefiledwiththe
SecuritiesandExchangeCommissionnotlaterthan120daysafterthecloseofourfiscalyearendedDecember31,2015.
Item 12 . Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Theinformationrequiredunderthisitemisincorporatedhereinbyreferencetoour2016ProxyStatement,whichproxystatementwillbefiledwiththe
SecuritiesandExchangeCommissionnotlaterthan120daysafterthecloseofourfiscalyearendedDecember31,2015.
Item 13 . Certain Relationships and Related Transactions, and Director Independence
Theinformationrequiredunderthisitemisincorporatedhereinbyreferencetoour2016ProxyStatement,whichproxystatementwillbefiledwiththe
SecuritiesandExchangeCommissionnotlaterthan120daysafterthecloseofourfiscalyearendedDecember31,2015.
Item 14 . Principal Accounting Fees and Services
Theinformationrequiredunderthisitemisincorporatedhereinbyreferencetoour2016ProxyStatement,whichproxystatementwillbefiledwiththe
SecuritiesandExchangeCommissionnotlaterthan120daysafterthecloseofourfiscalyearendedDecember31,2015.
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