Amendment to Employment Agreement between Worldspan Technologies Inc., Worldspan, L.P., and Rakesh Gangwal (May 12, 2004)

Summary

Worldspan Technologies Inc., Worldspan, L.P., and Rakesh Gangwal have agreed to amend Gangwal's Employment Agreement, effective January 1, 2004. The amendment updates the bonus structure, specifying how target bonuses are calculated based on performance tiers. All other terms of the original agreement remain unchanged.

EX-10.79 2 a2136935zex-10_79.htm EXHIBIT 10.79

Exhibit 10.79

May 12, 2004

Mr. Rakesh Gangwal
Chairman, President and Chief Executive Officer
Worldspan, L.P.
300 Galleria Parkway, N.W.
Atlanta, Georgia 30339

Dear Rakesh:

        Reference is made herein to the Employment Agreement (the "Agreement"), dated June 30, 2003, among Worldspan Technologies Inc. (formerly known as Travel Transaction Processing Corporation) ("Holding"), Worldspan, L.P. (the "Company") and you (the "Executive"). Pursuant to the terms of this letter agreement, Holding, the Company and the Executive agree to amend the provisions of the Agreement, effective as of January 1, 2004, as set forth below.

1.
Appendix A of the Agreement is hereby amended and restated in its entirety as follows:


"Target Bonus Tiers

 

 

 

 

 
80% or less of Bonus Targets     0% of Target Bonus
90% of Bonus Targets     50% of Target Bonus
100% of Bonus Targets     100% of Target Bonus
110% of Bonus Targets     150% of Target Bonus
115% of Bonus Targets     200% of Target Bonus
120% or more of Bonus Targets     250% of Target Bonus"

Except as otherwise provided in this letter agreement, the terms of the Agreement shall remain in full force and effect.

Sincerely,        
             
Worldspan Technologies Inc.   Worldspan, L.P.

 

 

 

 

 

 

 
By:   /s/  JEFFREY C. SMITH      
Jeffrey C. Smith
General Counsel, Secretary and Senior Vice President Human Resources
  By:   /s/  JEFFREY C. SMITH      
Jeffrey C. Smith
General Counsel, Secretary and Senior Vice President Human Resources

 

 

 

 

 

 

 
Acknowledged and Agreed:        

 

 

 

 

 

 

 
/s/  RAKESH GANGWAL      
Rakesh Gangwal