Travelzoo 2012 Annual Report Download - page 38

(2)
The amounts reflected in this column reflect the performance - based cash awards paid to the named executives pursuant to certain
employment agreements, as discussed in the CD&A above.
(3)
Mr. Loughlin became the Chief Executive Officer on July 1, 2010. From January 1, 2010 to June 30, 2010, Mr. Loughlin served as Executive
Vice President, Europe. Mr. Loughlin ’ s compensation from January 1, 2010 to June 30, 2010 is denominated in British pounds and was
translated into U.S. dollars using the average 2010 daily exchange rates of £1 = $1.54431 as published on oanda.com.
(4)
Mr. Ceremony became the Chief Financial Officer on June 15, 2011.
(5)
Mr. Bartel served as Chief Executive Officer from October 1, 2008 to June 30, 2010. From July 1, 2010 to September 30, 2011, Mr. Bartel
served as a consultant to the Company under the terms of an independent contractor agreement. Starting October 1, 2011, Mr. Bartel has
been employed as Head of Strategy.
(6)
Mr. Webb became the President Local Deals on February 27, 2012.
(7)
For 2012, 2011 and 2010, amount consists of discretionary bonuses earned per the terms of Mr. Loughlin ’ s employment agreement.
(8)
For 2012, amount consists of $50,000 discretionary bonuses earned per the terms of Mr. Ceremony ’ s employment agreement. For 2011,
amount consists of $25,000 discretionary bonuses earned per the terms of Mr. Ceremony ’ s employment agreement.
(9)
Amount consists of discretionary bonuses earned per the terms of Mr. Holger Bartel ’ s employment agreement dated September 17, 2008
and effective October 1, 2008, as further described in the 2011 proxy statement.
(10)
For 2012, amount consists $110,000 of discretionary bonuses earned per the terms of Ms. Tafoya ’ s employment agreement. For 2011,
amount consists of $120,000 of discretionary bonuses earned per the terms of Ms. Tafoya ’ s employment agreement. For 2010, amount
consists of $200,000 of discretionary bonuses earned per the terms of Ms. Tafoya ’ s employment agreement.
(11)
For 2012, amount consists of $67,473 of discretionary bonuses earned per the terms of Mr. Webb ’ s employment agreement.
(12)
Amount represents quarterly performance bonuses earned per the terms of Mr. Loughlin ’ s employment agreement.
(13)
Amount represents quarterly performance bonuses earned per the terms of Mr. Ceremony ’ s employment agreement.
(14)
Amount represents quarterly performance bonuses earned per the terms of Mr. Holger Bartel ’ s employment agreement.
(15)
Amount represents quarterly performance bonuses earned per the terms of Ms. Tafoya ’ s employment agreement.
(16)
Amount represents quarterly performance bonuses earned per the terms of Mr. Webb ’ s employment agreement and includes a $20,000
sign on bonus.
(17)
For 2012, amount consists of housing allowance of $46,327 and $1,500 of the Company ’ s matching contribution under the Company ’ s 401
(k) Plan. For 2011, amount consists of housing allowance of $45,055 and $1,500 of the Company ’ s matching contribution under the
Company ’ s 401(k) Plan. For 2010, amount consists of the Company ’ s contribution of $11,243 to the Company ’ s UK Employee Pension
Contribution Plan, $7,852 for premiums paid for private health insurance for Mr. Loughlin and his family, and housing allowance of
$33,232, and $9,559 for relocation assistance.
(18)
For 2012 and 2011, amount consists of the Company ’ s matching contribution of $1,500 under the Company ’ s 401(k) Plan.
(19)
For 2012, amount consists of $45,680 in director fees for 2012. For 2011, amount consists of $322,500 in fees paid to Mr. Bartel pursuant to
the terms of his consulting agreement for the period from January 1, 2011 to September 30, 2011 and $44,000 in director fees for 2011. For
2010 amount consists of $217,500 in fees paid to Mr. Bartel pursuant to the terms of his consulting agreement for the period from July 1,
2010 to
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