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