Travelzoo 2015 Annual Report Download - page 29

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25
Notes to the Summary Compensation Table
(3) Ms. Hong joined the Company with the acquisition of the Travelzoo Asia Pacific business in August 2015. Ms.
Hong's compensation is denominated in Chinese Yuan and was translated into U.S. dollars using the annual average
daily exchange rate of ¥6.21 = $1.00 for 2015, ¥6.15 = $1.00 for 2014 and ¥6.20 = $1.00 for 2013.
(4) 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 = $1.53 for 2015, £1 = $1.65 for 2014 and £1 = $1.56 for 2013.
(5) Mr. Stitt was promoted to President, North America in October 2015.
(6) Mr. Talling-Smith's employment terminated on December 14, 2015 and in exchange for executing a general release of
claims was entitled to receive $210,000.
(a) Amounts consist of discretionary bonuses earned per the terms of employment agreements and/or at the discretion of
the Chief Executive Officer or Board of Directors.
(b) The values reported reflect the aggregate grant date fair value of grants of stock options to each of the listed officers
in the years shown. The grant date fair value of stock options is calculated using the Black-Scholes option pricing
model. For a more detailed discussion on the valuation model and assumptions used to calculate the fair value of our
options, refer to Note 9 to the consolidated financial statements contained in our 2015 Annual Report on Form 10-K
filed on March 14, 2016.
(c) 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.
(d) The amounts reflected in this column reflect all other compensation paid to the named executives as noted below:
Mr. Holger Bartel's other compensation represents Board of Directors fees paid to him in his role as Executive
Chairman and Chairman of the Board of Directors.
Mr. Loughlin's other compensation for 2015 is a separation payment of $600,000 and a $1,500 Company matching
401(k) plan contribution, for 2014 is a $1,500 Company matching 401(k) plan contribution and for 2013 is a housing
allowance of $22,929 and a $1,500 Company matching 401(k) plan contribution.
Mr. Ceremony's other compensation for 2015, 2014 and 2013 is a $1,500 Company matching 401(k) plan contribution
for each year and the remaining amount for each year for a bonus payment made to eligible employees.
Mr. Singer's other compensation for 2015, 2014 and 2015 is $21,402, $23,050 and $21,840, respectively, for the
Company's contribution to the UK Employee Pension Contribution Plan and $3,646, $3,930, and $2,328, respectively,
for premiums paid for private health insurance for Mr. Singer and his family and in 2015 the remaining amount is a
bonus payment made to eligible employees.
Mr. Stitt's other compensation for 2015, 2014 and 2013 is a $1,500 Company matching 401(k) plan contribution for
each year.
Mr. Talling-Smith's other compensation for 2015 is a separation payment of $210,000, accrued vacation of $29,513
and the remaining amount is a bonus payment made to eligible employees. Other compensation for 2014 and 2013 is
$17,903 and $29,802, respectively, for a housing allowance.