Amendment to Employment Agreement between Jeffery H. Boyd and priceline.com Incorporated (December 18, 2008)
This letter amends the employment agreement between Jeffery H. Boyd and priceline.com Incorporated, originally dated August 22, 2008. The amendment corrects a cross-reference in Section 16(a) regarding the order in which certain payments are reduced, specifying the sequence for reducing payments under Section 9(c)(i) or 9(c)(ii). All other terms of the original employment agreement remain unchanged and in effect.
Exhibit 10.52
December 18, 2008
Jeffery H. Boyd
c/o priceline.com Incorporated
800 Connecticut Avenue
Norwalk, CT 06854
Dear Jeff:
This letter serves to amend an incorrect cross-reference in Section 16 of the amended and restated employment agreement between you and priceline.com Incorporated (the “Company”), dated August 22, 2008 (the “Employment Agreement”). Capitalized terms that are used herein shall have the same meaning as those terms used in the Employment Agreement.
Effective as of the date hereof, the second sentence of the second paragraph of Section 16(a) shall be amended in its entirety to read as follows:
“The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments under Section 9(c)(i) or Section 9(c)(ii), as applicable, in the following order: first, the payments under clause (A), second, the payments under clause (E), and third, all other payments ratably.”
Except as otherwise provided herein, the Employment Agreement shall continue in full force and effect in accordance with its terms.
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| Warm Regards, |
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| /s/ Craig Rydin |
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| Craig Rydin |
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| Chairman |
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| Compensation Committee |
| Acknowledged and Agreed: |
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| /s/ Jeffery H. Boyd |
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| Jeffery H. Boyd |
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