Amendment to Letter Agreement between Orbitz Worldwide, Inc. and Roger Liew (October 3, 2012)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the compensation terms for Roger Liew, an executive at Orbitz Worldwide, Inc. Effective September 27, 2012, Mr. Liew's base salary increases from $300,000 to $350,000, and his target cash compensation rises from $480,000 to $560,000, while his bonus target percentage remains at 60%. The amendment reflects the company's recognition of Mr. Liew's contributions and importance to its strategy. The agreement is signed by both parties and takes effect as of the specified date.

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EX-10.61 5 q412exhibit1061.htm EXHIBIT 10.61 LIEW AMENDMENT Q412 Exhibit 10.61


Exhibit 10.61

Amendment to Letter Agreement, dated October 3, 2012, between Orbitz Worldwide, Inc. and Roger Liew


October 3, 2012
Roger Liew
Orbitz Worldwide

Dear Roger:

We are pleased to inform you that the Compensation Committee has approved an increase in your compensation, effective September 27, 2012. In acknowledgement of the importance of your position to the company strategy and your critical contributions to Orbitz Worldwide, I am pleased to inform you that the following changes will be made to your current compensation:

 
Current

New

Increase

Base Salary
$300,000
$350,000
16.7
%
Bonus Target %
60
%
60
%
 
Target Cash Compensation
$480,000
$560,000
16.7
%

Thank you for all of the hard work and commitment you have shown to the company since joining us. I look forward to your continued success in your role.

With best wishes,


/s/ Barney Harford

Barney Harford
CEO

Accepted:


/s/ Roger Liew
 
10-08-2012
Roger Liew
 
Date



cc: Kathy Dellplain