Document:

Hyatt Hotels Corporation Executive Incentive Plan

 Exhibit 10.49 
 HYATT HOTELS CORPORATION 
 EXECUTIVE INCENTIVE PLAN 
 I. ESTABLISHMENT AND PURPOSE 
 Hyatt Hotels
Corporation (the “Company”) hereby establishes the Hyatt Hotels Corporation Executive Incentive Plan (as amended from time to time, the “Plan”). The purpose of the Plan is to (i) attract and retain highly
qualified individuals; (ii) obtain from each the best possible performance; (iii) establish a performance goal based on objective criteria; (iv) further underscore the importance of achieving business objectives for the short and long
term; and (v) include in such individual’s compensation package an annual incentive component which is tied directly to the achievement of those objectives. 
 II. EFFECTIVE DATE; TERM 
 A. The Plan will be effective as of July 28, 2009. Once effective, the
Plan shall remain in effect until such time as it shall be terminated by the Committee (as defined below). The Committee may terminate the Plan at any time; provided, however that except in the event of a Change in Control, the Committee may not
terminate the Plan during any performance period without payment of a pro rata portion of any bonus based on the period of time elapsed during the performance period and a determination of the Committee as to satisfaction of pro rata Performance
Goals for such period. 
 B. For this purpose, a “Change in Control” shall mean (a) prior to the consummation of a public
offering in which the Company offers for sale shares of its common stock or other equity interests pursuant to an effective registration statement on Form S-1 or otherwise under the Securities Act of 1933, as amended (an “IPO”),
Pritzker Affiliates shall fail to own more than 50% of the combined voting power of all Voting Stock of the Company and (b) following an IPO, any Person or two or more Persons acting in concert (other than (i) any Pritzker Affiliate or
(ii) any Pritzker Affiliate along with any other stockholder which, together with its Affiliates, owns more than 5% of the combined voting power or the Voting Stock as of June 30, 2009 (a “Non-Pritzker Affiliate Existing
Shareholder”) so long as Pritzker Affiliates continue to own more Voting Stock than such Non-Pritzker Affiliate Existing Shareholder) shall have acquired “beneficial ownership,” directly or indirectly, of, or shall have acquired
by contract or otherwise, Voting Stock of the Company (or other securities convertible into such Voting Stock) representing 50% or more of the combined voting power of all Voting Stock of the Company. As used herein, “beneficial ownership”
shall have the meaning provided in Rule 13d 3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. The Plan Administrator shall have full and final authority, which shall be exercised in its discretion, to
determine conclusively whether a Change in Control of the Company has occurred and the date of the occurrence of such Change in Control and any incidental matters relating thereto. In addition, if a Change in Control constitutes a payment event with
respect to any Award which provides for the deferral of compensation and is subject to Section 409A of the Code, then such transaction or event triggering clause (a) or (b) with respect to such award must also constitute a
“change in control event,” as defined in Treasury Regulation §1.409A-3(i)(5) to the extent required by Section 409A. The Committee may make such modifications to the 

 
definition of “Change in Control” as it determines appropriate following an initial public offering or such other business condition as the
Committee deems necessary and appropriate. The Committee shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control of the Company has occurred and the date of the
occurrence of such Change in Control and any incidental matters relating thereto. For purposes hereof the defined terms used in this definition shall have the following meanings: 
 “Affiliate” means as to any Person any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. “Control” for these purposes shall mean the ability to influence, direct or otherwise significantly affect the major policies, activities or action of any person or entity, and the terms
“controlling,” “controlled by” and “under common control with” have correlative meanings. 
 “Person” means an individual, a company, a partnership, a joint venture, a limited liability company or limited liability partnership, an association, a trust, estate or other fiduciary, any other legal entity, and any
governmental authority. 
 “Pritzker Affiliate” means (i) all lineal descendants of Nicholas J. Pritzker, deceased, and
all spouses and adopted children of such descendants; (ii) all trusts for the benefit of any person described in clause (i) and trustees of such trusts; (iii) all legal representatives of any person or trust described in clauses
(i) or (ii); and (iv) all partnerships, corporations, limited liability companies or other entities controlling, controlled by or under common control with any person, trust or other entity described in clauses (i), (ii) or (iii).
“Control” for these purposes shall mean the ability to influence, direct or otherwise significantly affect the major policies, activities or action of any person or entity, and the terms “controlling,” “controlled by”
and “under common control with” have correlative meanings. 
 “Voting Stock” means each class of securities the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of the Company, even though the right so to vote has been suspended by the happening of such a
contingency. 
 III. ADMINISTRATION 
 A.
Committee. The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”); the Committee shall consist solely of two or more members who shall qualify as
“independent,” as defined in New York Stock Exchange rules, and “non-employee directors” as defined under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (“Exchange Act”). 
 B. Committee Authority. The Committee shall have full power to construe and interpret the Plan, establish and amend rules and regulations for its
administration, and perform all other acts relating to the Plan, including the delegation of administrative responsibilities, that it believes reasonable and proper and in conformity with the purposes of the Plan. 
 C. Committee Determinations. Any decision made, or action taken, by the Committee arising out of or in connection with the interpretation and/or
administration of the Plan shall be final, conclusive and binding on all persons affected thereby. All powers of the 

  

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Committee shall be executed in its sole discretion, in the best interest of the Company, not as a fiduciary, and in keeping with the objectives of the Plan
and need not be uniform as to similarly situated individuals. 
 D. Delegation of Authority. Notwithstanding the foregoing, the
Committee may delegate to the Chief Executive Officer of the Company the authority to make awards under the Plan to employees of the Company who are not subject to the restrictions of Section 16(b) of the Exchange Act. The delegation of
authority under this subsection (D) shall be subject to such conditions and limitations as may be determined by the Committee, subject to ratification and approval by the Board if the Board retains such right pursuant to subsection
(A) above. If the Chief Executive Officer makes awards pursuant to the delegated authority under this subsection (D), references in the Plan to the “Committee,” as they relate to making such awards (but not to the subsequent
administration of such awards), shall be deemed to refer to the Chief Executive Officer. 
 IV. ELIGIBILITY AND PARTICIPATION 
 Eligibility to participate in the Plan is limited to senior executives of the Company as determined and selected by the Committee (each a
“Participant”). 
 V. BUSINESS CRITERIA 
 A Participant may receive a bonus payment under the Plan based upon the attainment of performance objectives which are established by the Committee and relate to one or more of the following corporate business
criteria with respect to the Company, any of its subsidiaries, divisions, business units, segments or regions or any individual (the “Performance Goals”): (i) earnings (either before or after one or more of the following:
(A) interest, (B) taxes, (C) depreciation and (D) amortization), (ii) economic value-added (as determined by the Committee), (iii) sales or revenue, (iv) net income (either before or after taxes), (v) cash
flow (including, but not limited to, operating cash flow and free cash flow), (vi) return on capital, (vii) return on invested capital, (viii) return on stockholders’ equity, (ix) return on assets, (x) stockholder
return, (xi) return on sales, (xii) gross or net profit, (xiii) productivity, (xiv) expense, (xv) operating margin, (xvi) operating efficiency, (xvii) customer satisfaction, (xviii) working capital,
(xix) earnings per share, (xx) price per share of common stock, (xxi) market share, (xxii) costs, (xxiii) expenses, (xxiv) chain results, (xxv) gross operating profit, (xxvi) capital deployment,
(xxvii) implementation or completion of critical projects, (xxviii) funds from operations, (xxix) branding, (xxx) organizational or succession planning, (xxxi) management or licensing fee growth; each as determined in
accordance with generally accepted accounting principles or subject to such adjustments as may be specified by the Committee. 
 The
Committee may, in its sole discretion, provide that one or more objectively determinable adjustments shall be made to one or more of the Performance Goals. Such adjustments may include one or more of the following items relating to: (i) a
change in accounting principle, (ii) financing activities, (iii) expenses for restructuring or productivity initiatives, (iv) other non-operating items, (v) acquisitions or dispositions, (vi) the business operations of an
entity acquired by the Company during the performance period, 

  

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(vii) discontinued operations, (viii) stock dividend, split, combination or exchange of stock, (ix) unusual or extraordinary events,
transactions or developments, (x) amortization of intangible assets, other significant income or expense outside the Company’s core on-going business activities, (xi) other nonrecurring items, (xii) changes in applicable law.

 VI. BONUS DETERMINATIONS 
 Any bonuses
paid to Participants under the Plan shall be based upon objectively determinable bonus formulas that tie such bonuses to one or more performance objectives relating to the Performance Goals. Bonus formulas may be set for performance periods of one,
two or three fiscal years of the Company. A performance period may be concurrent or consecutive. Participants need not be employed on the first day of a performance period. If a Participant becomes eligible to participate in the Plan during a
performance period, the Committee shall determine if such Participant shall be eligible to participate in an award for such performance period and whether or not such award may be prorated for such period. 
 Although the Committee may in its sole discretion reduce a bonus payable to a Participant pursuant to the applicable bonus formula, the Committee shall
have no discretion to increase the amount of a Participant’s bonus as determined under the applicable bonus formula. 
 Unless otherwise
provided in a written employment agreement between a Participant and the Company, the payment of a bonus to a Participant with respect to a performance period shall be conditioned upon the Participant’s employment by the Company on the last day
of the performance period; provided, however, that in the discretion of the Committee, bonuses may be paid to Participants who have retired or whose employment has terminated after the beginning of the period for which a bonus is made, or to
the designee or estate of a Participant who died during such period. 
 VII. ADDITIONAL CONDITIONS 
 Once a bonus formula is established under Section VI based on one or more of the Performance Goals, the Committee may with the consent of the Participant
establish (and once established, rescind, waive or amend) additional conditions and terms of payment of awards (including but not limited to the achievement of other financial, strategic or individual goals, which may be objective or subjective) as
it deems desirable in carrying out the purposes of the Plan and may take into account such other factors as it deems appropriate in administering any aspect of the Plan. However, the Committee shall have no authority to increase the amount of a
targeted award granted to any Participant or to pay an award under the Plan if the Performance Goal has not been satisfied. 
 VIII. PAYMENT OF AWARDS

 All awards shall be paid in (i) cash or (ii) with the consent of the Participant and the Committee, the equivalent value of
common stock of the Company (“Common Stock”) based on the fair market value of the Common Stock on the date the bonus is awarded, as determined by the Committee. The Committee may impose vesting and other similar conditions upon any
payment of awards made in Common Stock. Awards paid in Common Stock shall be paid under the Global Hyatt Amended and Restated Long-Term Incentive Plan or any successor equity incentive plan thereto. 
  

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 Awards shall be paid as soon as practicable following the end of the performance period, but in no event
shall payment be made later than two and one half months following the end of the performance period. 
 IX. SPECIAL AWARDS AND OTHER PLANS

 Nothing contained in the Plan shall prohibit the Company from granting awards or authorizing other compensation to any person under any
other plan or authority or limit the authority of the Company to establish other special awards or incentive compensation plans providing for the payment of incentive compensation to employees (including those employees who are eligible to
participate in the Plan). 
 X. AMENDMENT OF THE PLAN 
 The Compensation Committee shall have the right to amend the Plan from time to time or to repeal it entirely or to direct the discontinuance of awards either temporarily or permanently. 
 XI. RIGHTS OF PLAN PARTICIPANTS 
 Neither the Plan,
nor the adoption or operation of the Plan, nor any documents describing or referring to the Plan (or any part hereof) shall confer upon any Participant any right to continue in the employ of the Company or shall interfere with or restrict in any way
the rights of the Company, which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without cause. 
 No individual to whom an award has been made or any other party shall have any interest in the cash or any other asset of the Company prior to such amount being paid. 
 No right or interest of any Participant shall be assignable or transferable, or subject to any claims of any creditor or subject to any lien. 

In no event shall the Company be obligated to pay to any Participant an award for any period by reason of the Company’s payment of an award to
such Participant in any other period, or by reason of the Company’s payment of an award to any other Participant or Participants in such period or in any other period. Nothing contained in this Plan shall confer upon any person any claim or
right to any payments hereunder. Such payments shall be made at the sole discretion of the Committee. 
 XII. SECTION 409A 
 Awards under this Plan shall either be exempt from or be designed to comply with Section 409A of the Code. Notwithstanding anything to the contrary
in the Plan or any award, if and to the extent the Committee shall determine that the terms of any award may result in the failure of such award to be exempt from or comply with the requirements of Section 409A of the Code, or any applicable
regulations or guidance promulgated by the Secretary of the Treasury in 

  

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connection therewith, the Committee shall have authority to take such action to amend, modify, cancel or terminate the Plan or any award as it deems
necessary or advisable, including without limitation: 
 1. amendment or modification of the Plan or any award to conform the Plan or such
award to the requirements of Section 409A of the Code or any regulations or other guidance thereunder (including, without limitation, any amendment or modification of the terms of any award regarding vesting, exercise, or the timing or form of
payment). 
 2. cancellation or termination of any unvested award, or portion thereof, without any payment to the Participant holding such
award. 
 Any such amendment, modification, cancellation, or termination of the Plan or any award may adversely affect the rights of an
Participant with respect to such award without the Participant’s consent. 
 XIII. MISCELLANEOUS 
 The Company shall deduct all federal, state and local taxes required by law or Company policy from any award paid hereunder. 
 The Plan shall be unfunded and is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended. Amounts payable under
the Plan are not and will not be transferred into a trust or otherwise set aside. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any award under the
Plan. Any accounts under the Plan are for bookkeeping purposes only and do not represent a claim against the specific assets of the Company. 
 Any provision of the Plan that is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of the Plan. 
 The Plan and the rights and obligations of the parties to the Plan shall be governed by, and construed and interpreted in accordance with, the law of the
State of Illinois (without regard to principles of conflicts of law). 
  
  
 Adopted by Hyatt Hotels Corporation on
July 28, 2009. 
  

 6Amendment to the Licensed Data Agreement - Tribune Media Services, Inc.

 Exhibit 10.1 
 AMENDMENT TO 
 TRIBUNE MEDIA SERVICES LICENSED DATA AGREEMENT 
 This Amendment (“Amendment”) is made and entered into as of the later of the two signature dates below, by and between Tribune Media Services, Inc.,
(“TMS”), a Delaware corporation having a place of business at 435 N. Michigan Ave., Chicago, IL 60611, and TiVo Inc. (“TiVo”), a Delaware corporation having a place of business at 2160 Gold Street, Alviso, California 95002, and
amends that certain Licensed Data Agreement between TMS and TiVo dated May 14, 2007 (the “Agreement”). Each capitalized term used and not defined in this Amendment shall have the meaning set forth in the Agreement. 
 WHEREAS, TMS and TiVo wish to change the manner in which the parties scope and perform development initiatives for improving TMS Licensed Data from the procedures
set forth in the Agreement. 
 THEREFORE, in consideration of the mutual promises set forth below and in Agreement, and intending to be legally bound,
the parties agree as follows: 
 1. Section 8(g). Section 8(g) is hereby deleted and replaced with the following: 
 (g) Development Initiatives. 
 (1) Development Requests: TiVo may request, in writing, quality improvements and other enhancements to the TMS Licensed Data “Development Requests”). Starting on October 1, 2007, TiVo may make up to two
(2) Development Requests in each calendar quarter, not including the “Initial Development Requests,” defined below. TiVo can provide a relative priority of a given Development Request, and in the case of multiple pending requests, TMS
will follow such priority in responding. Notwithstanding the foregoing, TiVo may change the priority of or withdraw any pending Development Request until such time as TMS begins work on the corresponding Scope Document (defined below). 

(2) Response/Scope Documents: TMS will respond in writing to each Development Request by providing TiVo with a high-level scope
document (“Scope Document”). Each Scope Document will outline the feasibility, recommended approach, cost to TiVo (if any), and a good faith estimate of the timeframe for implementing a given Development Request. TMS will provide a Scope
Document within fifteen (15) business days of receipt of a Development Request. If TiVo makes multiple Development Requests, TMS will provide Scope Documents sequentially, every 15 business days, until TMS has responded to all such requests. If
TMS poses questions to TiVo in response to a Development Request, then the above due dates will be extended by the number of days (if any) it takes for TiVo to respond to such TMS questions. If TMS determines that a given Development Request cannot
be adequately scoped within the given timeframe due to its size or complexity, TMS will submit a draft Scope Document within the given timeframe that includes the delivery date for the final Scope Document. TiVo agrees to respond to TMS questions,
in writing, within 5 business days. Tivo agrees to accept or ask questions about a Scope Document within fifteen (15) business days after TiVo’s receipt thereof, or that Scope Document will be deemed accepted. 
 (3) Development: After TiVo receives a Scope Document, TiVo may request in writing that TMS proceed with development. TMS, in turn,
will use commercially reasonable efforts to implement development requests. Prior to TMS commencing work on a development initiative, the parties will mutually agree upon acceptance standards and the scope of the project in writing. If the project
solely benefits TiVo, then development and licensing fees will be negotiated in good faith between TiVo and TMS (either to be credited against the Development Cost Commitment (defined below), or, if the Development Cost Commitment has been expended,
then to be paid by TiVo); otherwise, development will be completed at no cost TiVo. 
 One Apollo Drive • Glens Falls, NY 12801 •
800.424.4747 • 518.793.8861 • Fax 518.793.3732 
 333 Glen Street • Glens Falls, NY 12801 • 800.833.9581 •
518.792.9914 • Fax 518.792.4414 
 (4) Priority. After receipt of a Scope Document, TiVo will communicate in
writing the order in which initiatives should be prioritized for TMS delivery. TMS will make best efforts to schedule delivery based on these priorities, but may alter the order based on previously committed development roadmaps. TiVo may
reprioritize or withdraw requests at any time, in writing, with the exception that once development for a committed request begins, that request may not be reprioritized or withdrawn. TiVo must request a development initiative to be delivered at
least 120 days from request date unless (i) TMS scopes the initiative as fewer than 120 days; or (ii) TMS approves of such expedited request. 
 (5) Costs/Payment: TMS will incur a maximum of one hundred thousand dollars ($100,000.00) in development costs at no additional charge to TiVo, during each twelve month period from the Effective Date
(“Development Cost Commitment”). TMS will use best efforts to deliver products to TiVo in the amount of time TMS scoped. The Development Cost Commitment will be decremented by the amount of costs (if any) of a development project accepted
by TiVo. TiVo and TMS will reasonably cooperate to negotiate any costs that exceed one hundred thousand dollars ($100,000.00) in any twelve-month period. For the sake of clarity, the parties agree that Development Cost Commitments shall not be
carried over from one year to the next. 
  

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 (6) Pre-Approved Initiatives: TiVo has made four (4) Development Requests to
TMS (the “Initial Requests”), for which TMS has provided, or is working on providing, Scope Documents. TiVo has also made 4 additional Development Requests (“Requests 5-8”); however, TiVo hereby rescinds Requests 5-8. TMS has
not, and will not, perform work in response to Requests 5-8. TMS will use commercially reasonable efforts to implement the Initial Requests in accordance with the priority level and schedule agreed to by TiVo therefor. 
 (7) General: TiVo and TMS will meet quarterly to review TiVo request priorities, delivery schedules and status, and TMS development
roadmaps. Once accepted by TiVo, such development initiatives shall be deemed TiVo Development Initiative Products. 
 2. No Other Modifications.
Except as provided in this Amendment, the Agreement (as amended) shall remain unchanged and in full force and effect. 
 3. Entire Agreement.
The terms and conditions of this Amendment constitute the entire agreement between the parties with respect to the subject matter of this Amendment and supersede any previous and contemporaneous agreements and understandings, whether oral or
written, between the parties hereto with respect to the subject matter hereof. 
 4. Counterparts. This Amendment may be executed in one or
more counterparts, including facsimiles, each of which will be deemed to be a duplicate original, but all of which, taken together, will be deemed to constitute a single instrument. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their respective duly authorized officers. 
  

									
	TRIBUNE MEDIA SERVICES, INC.	 		 	TIVO INC.
					
	By:	 	/s/ James D. Fehnel	 		 	By:	 	/s/ Mark Roberts
	Name:	 	James D. (Jay) Fehnel	 		 	Name:	 	Mark Roberts
	Title:	 	Vice President of Entertainment Products	 		 	Title:	 	Sr. Vice President, Consumer Products & Operations
					
	Date:	 	15 Nov, 2007	 		 	Date:	 	11/6/2007
				
	Sales Representative: Amy Mann	 		 		 	

  

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