Travelzoo 2014 Annual Report Download - page 22

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19
(4) Mr. Ceremony became the Chief Financial Officer on June 15, 2011. Mr. Ceremony's base salary increased to $470,000 per
year effective July 1, 2014.
(5) Ms. Tafoya's bases salary is through termination date of September 12, 2014.
(6) Mr. Singer became Commercial Director, Europe on January 16, 2012 and become Managing Director, Europe on July 1,
2012. Mr. Singer's compensation is denominated in British pounds and was translated into U.S. dollars using the annual
average daily exchange rate of £1 = $1.65 for 2014, £1 = $1.56 for 2013 and £1 = $1.58 for 2012.
(7) Mr. Talling-Smith became the President, Products & Emerging Business on August 1, 2013.
(8) Amount consists of discretionary bonuses earned per the terms of employment agreement and/or at the discretion of the
Board of Directors.
(9) Amount represents reversal of stock based compensation expense related to the forfeiture of 25,000 options upon
termination of employment.
(10) Amount represents quarterly performance bonuses earned per the terms of employment agreement.
(11) For 2014, amount consists of the Company's matching contribution of $1,500 under the Company's 401(k) Plan. For 2013,
amount consists of housing allowance of $22,929 and $1,500 of the Company's matching contribution under the
Company's 401(k) Plan. For 2012, amount consists of housing allowance of $44,827 and $1,500 of the Company's
matching contribution under the Company's 401(k) Plan.
(12) For 2014, 2013 and 2012, amount consists of the Company's matching contribution of $1,500 under the Company's 401(k)
Plan. In addition, for 2014 and 2013, amount includes $2,369 and $2,403 in bonus payments made to eligible employees.
(13) For 2014, 2013 and 2012, amount consists of the Company's matching contribution of $1,500 under the Company's 401(k)
Plan. For 2014, 2013 and 2012, amount includes $5,076, $2,673 and $2,369 in bonus payments made to eligible
employees. In addition, for 2014, amount includes $37,794 for vacation cash out payments and $342,000 of severance
related to termination of employment.
(14) For 2014, amount consists of the Company's contribution of $23,050 to the Company's UK Employee Pension
Contribution Plan and $3,930 for premiums paid for private health insurance for Mr. Singer and his family. For 2013,
amount consists of the Company's contribution of $21,840 to the Company's UK Employee Pension Contribution Plan and
$2,328 for premiums paid for private health insurance for Mr. Singer and his family. For 2012, amount consists of the
Company's contribution of $10,237 to the Company's UK Employee Pension Contribution Plan and $104 for premiums
paid for private health insurance for Mr. Singer and his family.
(15) For 2014, amount consists of the amount consists of housing allowance of $17,903. For 2013, amount consists of housing
allowance of $29,802.