Document:

EX-10.11

EXHIBIT 10.11

INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this “Agreement”) is entered into as of                     , 20           by
and between MakeMyTrip Limited, a company incorporated under the laws of Mauritius (the “Company”)
and the undersigned, a director and/or officer of the Company or a subsidiary of the Company
(collectively, the “Group”), (“Indemnitee”).

RECITALS

1. The Company believes that it is essential to its best interests to attract and retain highly
capable persons to serve as directors and officers of the Group.

2. Indemnitee is or has been selected to be a director or officer of the Group.

3. The Company and Indemnitee recognize the increased risk of litigation and other claims being
asserted against directors and officers of the Group.

4. In recognition of Indemnitee’s need for substantial protection against personal liability in
order to enhance Indemnitee’s service to the Group, and in order to induce Indemnitee to provide or
continue to provide services to the Group as a director or officer, the Board of Directors of the
Company (the “Board”) wishes to provide in this Agreement for the indemnification and the advancing
of expenses to Indemnitee, as set forth in this Agreement.

AGREEMENT

     In consideration of the premises and the covenants contained herein, the Company and
Indemnitee do hereby covenant and agree as follows:

A. DEFINITIONS

     The following terms shall have the meanings defined below:

     Expenses shall include, without limitation, damages, judgments, fines, penalties, settlements
and costs, attorneys’ fees and disbursements and costs of attachment or similar bond,
investigations, and any other expenses paid or incurred in connection with investigating,
defending, being a witness in, participating in (including on appeal), or preparing for any of the
foregoing in, any Proceeding.

     Indemnifiable Event means any event or occurrence that takes place either before or after the
execution of this Agreement, related to the fact that Indemnitee is or was a director or an officer
of the Group, or is or was serving at the request of the Group as a director or officer of another
corporation, partnership, joint venture or other entity, or related to anything done or not done by
Indemnitee in any such capacity, including (to the extent permitted by applicable law), but not
limited to neglect, breach of duty (but excluding any liability in respect of any breach by a
director of the Group of the duty under the Companies Act 2001 (as amended) of Mauritius to
exercise his/her powers honestly, in good faith, in the best interests of the Group and for the
respective purposes for which such powers are explicitly or impliedly conferred), error,
misstatement, misleading statement or omission.

 

 

     Participant means a person who is a party to, or witness or participant (including on appeal)
in, a Proceeding.

     Proceeding means any threatened, pending, or completed action, suit, arbitration or
proceeding, or any inquiry, hearing or investigation, whether civil, criminal, administrative,
investigative or other, including appeal, in which Indemnitee may be or may have been involved as a
party or otherwise by reason of an Indemnifiable Event.

B. AGREEMENT TO INDEMNIFY

     1. General Agreement. In the event Indemnitee was, is, or becomes a Participant in,
or is threatened to be made a Participant in, a Proceeding, the Company shall indemnify the
Indemnitee from and against any and all Expenses which Indemnitee incurs or becomes obligated to
incur in connection with such Proceeding, whether or not such Proceeding proceeds to judgment or is
settled or is otherwise brought to a final disposition, to the fullest extent permitted by
applicable law.

     2. Indemnification of Expenses of Successful Party. Notwithstanding any other
provision of this Agreement, to the extent that Indemnitee has been successful on the merits in
defense of any Proceeding or in defense of any claim, issue or matter in such Proceeding, the
Company shall indemnify Indemnitee against all Expenses incurred in connection with such Proceeding
or such claim, issue or matter, whether or not such Proceeding proceeds to judgment or is settled
or is otherwise brought to a final disposition, as the case may be, offset by the amount of cash,
if any, received by the Indemnitee resulting from his/her success therein.

     3. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount
of Expenses, the Company shall indemnify the Indemnitee for the portion of such Expenses to which
Indemnitee is entitled.

     4. Exclusions. Notwithstanding anything in this Agreement to the contrary, Indemnitee
shall not be entitled to indemnification under this Agreement:

     (a) to the extent that payment is actually made to Indemnitee under a valid, enforceable and
collectible insurance policy;

     (b) to the extent that Indemnitee is indemnified and actually paid other than pursuant to this
Agreement;

     (c) in connection with a judicial action by or in the right of the Company, in respect of any
claim, issue or matter as to which the Indemnitee shall have been adjudicated by a court of
competent jurisdiction, in a decision from which there is no further right of appeal, to be liable
for gross negligence or knowing or willful misconduct in the performance of his/her duty to the
Group unless and only to the extent that any court in which such action was brought shall determine
upon application that, despite the adjudication of liability but in view of all the circumstances
of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such Expenses as
such court shall deem proper;

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     (d) in connection with any criminal liability or, in the case of a director of the Group,
liability in respect of a breach of the duty to exercise his/her powers honestly, in good faith, in
the best interests of the Group and for the respective purposes for which such powers are
explicitly or impliedly conferred;

     (e) in connection with any Proceeding initiated by Indemnitee against the Company, any
director or officer of the Group or any other party, and not by way of defense, unless (i) the
Board has consented to the initiation of such Proceeding or, in the case of a Proceeding against
any director or officer of the Group or any other party, the Company has joined in; or (ii) the
Proceeding is one to enforce indemnification rights under this Agreement or any applicable law;

     (f) brought about by the dishonesty or fraud of the Indemnitee seeking payment hereunder;
provided, however, that the Company shall indemnify Indemnitee under this Agreement as to any
claims upon which suit may be brought against him by reason of any alleged dishonesty on his/her
part, unless a judgment or other final adjudication thereof adverse to the Indemnitee establishes
that he/she committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest
purpose and intent, and (iii) which acts were material to the cause of action so adjudicated;

     (g) for any costs, liability, judgment, fine or penalty which the Company is prohibited by
applicable law from paying as indemnity;

     (h) arising out of Indemnitee’s breach of an employment agreement with the Company (if any) or
any other agreement with the Company or any of its subsidiaries, or

     (i) arising out of Indemnitee’s personal income tax payable on any salaries, bonuses,
director’s fees, including fees for attending meetings, or gain on disposition of shares, options
or restricted shares of the Company.

     5. No Employment Rights. Nothing in this Agreement is intended to create in
Indemnitee any right to continued employment with the Group.

     6. Contribution. If the indemnification provided in this Agreement is unavailable and
may not be paid to Indemnitee for any reason other than those set forth in Section B.4, then the
Company shall contribute to the amount of Expenses paid in settlement actually and reasonably
incurred and paid or payable by Indemnitee in such proportion as is appropriate to reflect (i) the
relative benefits received by the Company on the one hand and by the Indemnitee on the other hand
from the transaction or events from which such Proceeding arose, and (ii) the relative fault of the
Company on the one hand and of the Indemnitee on the other hand in connection with the events which
resulted in such Expenses, as well as any other relevant equitable considerations. The relative
fault of the Company on the one hand and of the Indemnitee on the other hand shall be determined by
reference to, among other things, the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments,
fines or settlement amounts. The Company agrees that it would not be just and equitable if
contribution pursuant to this Section B.6 were determined by pro rata allocation or any other
method of allocation which does not take account of the foregoing equitable considerations.

C. INDEMNIFICATION PROCESS

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     1. Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition precedent
to his/her right to be indemnified under this Agreement, give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification will or could be
sought under this Agreement, provided that the delay of Indemnitee to give notice hereunder shall
not prejudice any of Indemnitee’s rights hereunder, unless such delay results in the Company’s
forfeiture of substantive rights or defenses. Notice to the Company shall be given in accordance
with Section F.7 below. If, at the time of receipt of such notice, the Company has directors’ and
officers’ liability insurance policies in effect, the Company shall give prompt notice to its
insurers of the Proceeding relating to the notice. The Company shall thereafter take all necessary
and desirable action to cause such insurers to pay, on behalf of Indemnitee, all Expenses payable
as a result of such Proceeding. In addition, Indemnitee shall give the Company such cooperation as
the Company may reasonably request and the Company shall give the Indemnitee such cooperation as
the Indemnitee may reasonably request, including providing any documentation or information which
is not privileged or otherwise protected from disclosure and which is reasonably available to
Indemnitee or the Company, as the case may be.

     2. Indemnification Payment.

     (a) Advancement of Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee all Expenses that may
be reasonably incurred in advance by Indemnitee in connection with a Proceeding. The Company
shall, subject to Section C.2(c) below, within ten (10) business days of receiving such a written
request by Indemnitee, advance all requested Expenses to Indemnitee. Any excess of the advanced
Expenses over the actual Expenses will be repaid to the Company.

     (b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced
payment of Expenses from the Company, Indemnitee shall be entitled to receive reimbursement for the
Expenses incurred in connection with a Proceeding from the Company as soon as practicable and, in
any event, within 30 days after Indemnitee makes a written request to the Company for reimbursement
unless the Company refers the indemnification request to the Reviewing Party in compliance with
Section C.2(c) below.

     (c) Determination by the Reviewing Party. If the Company reasonably believes that it is not
obligated under this Agreement to indemnify the Indemnitee, the Company shall, within 10 days after
receiving the Indemnitee’s written request for an advancement or reimbursement of Expenses, notify
the Indemnitee that the request for advancement of Expenses or reimbursement of Expenses will be
submitted to the Reviewing Party (as hereinafter defined). The Reviewing Party shall make a
determination on the request within 30 days after receiving from the Company the Indemnitee’s
written request for an advancement or reimbursement of Expenses. Notwithstanding anything
foregoing to the contrary, in the event the Reviewing Party informs the Company that Indemnitee is
not entitled to indemnification in connection with a Proceeding under this Agreement or applicable
law, the Company shall be entitled to be reimbursed by Indemnitee for all the Expenses previously
advanced or otherwise paid to Indemnitee in connection with such Proceeding; provided,
however, that Indemnitee may bring a suit to enforce his/her indemnification right in
accordance with Section C.3 below.

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     3. Suit to Enforce Rights. Regardless of any action by the Reviewing Party, if
Indemnitee has not received full indemnification within 30 days after making a written demand in
accordance with Section C.2 above or 50 days if the Company submits a request for advancement or
reimbursement to the Reviewing Party under Section C.2(c), Indemnitee shall have the right to
enforce its indemnification rights under this Agreement by commencing litigation in any court of
competent jurisdiction seeking a determination by the court or challenging any determination by the
Reviewing Party or with respect to any breach in any aspect of this Agreement. Any determination
by the Reviewing Party not challenged by Indemnitee and any judgment entered by the court shall be
binding on the Company and Indemnitee.

     4. Assumption of Defense. In the event the Company is obligated under this Agreement
to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon
delivery to Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by
Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably
concluded, based on written advice of counsel, that there may be a conflict of interest of such
counsel retained by the Company between the Company and Indemnitee in the conduct of any such
defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to
the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s
counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to
employ counsel in any Proceeding at Indemnitee’s expense.

     5. Burden of Proof and Presumptions. Upon making a request for indemnification,
Indemnitee shall be presumed to be entitled to indemnification under this Agreement and the Company
shall have the burden of proof to overcome that presumption in reaching any contrary determination.

     6. No Settlement Without Consent. Neither party to this Agreement shall settle any
Proceeding in any manner that would impose any damage, loss, penalty or limitation on Indemnitee
without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably
withhold its consent to any proposed settlement.

     7. Company Participation. Subject to Section B.6, the Company shall not be liable to
indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was
not given a reasonable and timely opportunity, at its expense, to participate in the defense,
conduct and/or settlement of such action.

     8. Reviewing Party.

          (a) For purposes of this Agreement, the Reviewing Party with respect to each indemnification
request of Indemnitee that is referred by the Company pursuant to Section C.2(c) above shall be
shall be (A) the Board by a majority vote of a quorum consisting of Disinterested Directors (as
hereinafter defined), or (B) if a quorum of the Board consisting of Disinterested Directors is not
obtainable or, even if obtainable, said Disinterested Directors so direct, by Independent Counsel
in a written opinion to the Board, a copy of which shall be

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delivered to Indemnitee. If the Reviewing Party determines that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within ten (10) days after such determination.
Indemnitee shall cooperate with the person, persons or entity making such determination with
respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons
or entity upon reasonable advance request any documentation or information which is not privileged
or otherwise protected from disclosure and which is reasonably available to Indemnitee and
reasonably necessary to such determination. Any Independent Counsel or member of the Board shall
act reasonably and in good faith in making a determination under this Agreement of the Indemnitee’s
entitlement to indemnification. Any reasonable costs or expenses (including reasonable attorneys’
fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to
Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold
Indemnitee harmless therefrom. “Disinterested Director” means a director of the Company who is not
and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

           (b) If the determination of entitlement to indemnification is to be made by Independent
Counsel, the Independent Counsel shall be selected as provided in this Section C.8(b). The
Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such
selection be made by the Board, in which event the proceeding sentence shall apply), and Indemnitee
shall give written notice to the Company advising it of the identity of the Independent Counsel so
selected. In either event, Indemnitee or the Company, as the case may be, may, within 10 days
after such written notice of selection shall have been given, deliver to the Company or to
Indemnitee, as the case may be, a written objection to such selection; provided, however, that such
objection may be asserted only on the ground that the Independent Counsel so selected does not meet
the requirements of “Independent Counsel” as defined in Section C.8(d) of this Agreement, and the
objection shall set forth with particularity the factual basis of such assertion. Absent a proper
and timely objection, the person so selected shall act as Independent Counsel. If a written
objection is made and substantiated, the Independent Counsel selected may not serve as Independent
Counsel unless and until such objection is withdrawn or a court has determined that such objection
is without merit. If, within 20 days after submission by Indemnitee of a written request for
indemnification, no Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition a court of competent jurisdiction for resolution of any
objection which shall have been made by the Company or Indemnitee to the other’s selection of
Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the
court or by such other person as the court shall designate, and the person with respect to whom all
objections are so resolved or the person so appointed shall act as Independent Counsel. The
Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such
Independent Counsel in connection with acting under this Agreement, and the Company shall pay all
reasonable fees and expenses incident to the procedures of this Section C.8(b), regardless of the
manner in which such Independent Counsel was selected or appointed.

           (c) In making a determination with respect to entitlement to indemnification hereunder, the
Reviewing Party shall presume that Indemnitee is entitled to indemnification under this Agreement
if Indemnitee has submitted a request for indemnification in accordance with this Agreement, and
the Company shall have the burden of proof to overcome that presumption if there is any
determination made by any person, persons or

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entity contrary to that presumption. The termination of any Proceeding or of any claim, issue
or matter therein, by judgment, order, settlement (with or without court approval), conviction, or
upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided
in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create
a presumption that Indemnitee did not act in good faith and in a manner which he/she reasonably
believed to be in or not opposed to the best interests of the Company or, with respect to any
criminal Proceeding, that Indemnitee had reasonable cause to believe that his/her conduct was
unlawful. For purposes of any determination of good faith, Indemnitee shall be deemed to have
acted in good faith if Indemnitee’s action is based on the records or books of account of the Group
and any other corporation, partnership, joint venture or other entity of which Indemnitee is or was
serving at the written request of the Group as a director, officer, employee, agent or fiduciary,
including financial statements, or on information supplied to Indemnitee by the officers and
directors of the Group or such other corporation, partnership, joint venture or other entity in the
course of their duties, or on the advice of legal counsel for the Company or such other
corporation, partnership, joint venture or other entity or on information or records given or
reports made to the Group or such other corporation, partnership, joint venture or other entity by
an independent certified public accountant or by an appraiser or other expert selected with
reasonable care by the Company or such other corporation, partnership, joint venture or other
entity. In addition, the knowledge and/or actions, or failure to act, of any director, officer,
agent or employee of the Group or such other corporation, partnership, joint venture or other
entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification
under this Agreement. The provisions of this Section C.8(c) shall not be deemed to be exclusive or
to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the
applicable standard of conduct set forth in this Agreement.

           (d) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five (5) years has been,
retained to represent (i) the Company or Indemnitee in any matter material to either such party
(other than with respect to matters concerning the Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding
giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The
Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully
indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of
or relating to this Agreement or its engagement pursuant hereto.

D. DIRECTOR AND OFFICER LIABILITY INSURANCE

     1. Good Faith Determination. The Company shall from time to time make the good faith
determination whether or not it is practicable for the Company to obtain and maintain a policy or
policies of insurance with reputable insurance companies providing the officers and directors of
the Group with coverage for losses incurred in connection with their services to the Group or to
ensure the Company’s performance of its indemnification obligations under this Agreement.

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     2. Coverage of Indemnitee. Indemnitee shall be covered under this Agreement to the
fullest extent permitted by applicable law and as set forth in this Agreement. In addition, to the
extent the Company maintains an insurance policy or policies providing directors’ and officers’
liability insurance, Indemnitee shall also be covered by such policy or policies, in accordance
with its or their terms, to the maximum extent of the coverage available for any of the Group’s
directors or officers under such insurance policy or policies.

     3. No Obligation. Notwithstanding the foregoing, the Company shall have no obligation
to obtain or maintain any director and officer insurance policy if the Company determines in good
faith that such insurance is not reasonably available in the case that (i) premium costs for such
insurance are disproportionate to the amount of coverage provided, or (ii) the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient benefit.

E. NON-EXCLUSIVITY; FEDERAL PREEMPTION; TERM

     1. Non-Exclusivity. The indemnification provided by this Agreement shall not be
deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s
constitution, as may be amended from time to time (the “Constitution”), applicable law or any
written agreement between Indemnitee and the Group. The indemnification provided under this
Agreement shall continue to be available to Indemnitee for any action taken or not taken while
serving in an indemnified capacity even though he/she may have ceased to serve in any such capacity
at the time of any Proceeding. To the extent that a change in the laws of the Mauritius permits
greater indemnification by agreement than would be afforded under the Constitution or this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greater benefits so afforded by such change.

     2. Federal Preemption. Notwithstanding the foregoing, both the Company and Indemnitee
acknowledge that in certain instances, U.S. federal law or public policy may override applicable
law and prohibit the Company from indemnifying its directors and officers under this Agreement or
otherwise. Such instances include, but are not limited to, the U.S. Securities and Exchange
Commission’s (the “SEC”) prohibition on indemnification for liabilities arising under certain U.S.
federal securities laws. Indemnitee understands and acknowledges that the Company has undertaken
or may be required in the future to undertake with the SEC to submit the question of
indemnification to a court in certain circumstances for a determination of the Company’s right
under public policy to indemnify Indemnitee.

     3. Duration of Agreement. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is an officer and/or a director of the Group (or
is or was serving at the request of the Group as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter
so long as Indemnitee shall be subject to any Proceeding by reason of his/her former or current
capacity at the Group or any other enterprise at the Group’s request, whether or not he/she is
acting or serving in any such capacity at the time any Expense is incurred for which
indemnification can be provided under this Agreement. This Agreement shall continue in effect
regardless of whether Indemnitee continues to serve as an officer and/or a director of the Group or
any other enterprise at the Group’s request.

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F. MISCELLANEOUS

     1. Amendment of this Agreement. No supplement, modification, or amendment of this
Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of
the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not
similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided in
this Agreement, no failure to exercise or any delay in exercising any right or remedy shall
constitute a waiver.

     2. Subrogation. In the event of payment to Indemnitee by the Company under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and shall do everything that may be
necessary to secure such rights, including the execution of such documents necessary to enable the
Company to bring suit to enforce such rights.

     3. Assignment; Binding Effect. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by either party hereto without the prior written consent of
the other party; except that the Company may, without such consent, assign all such rights and
obligations to a successor in interest to the Company which assumes all obligations of the Company
under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and
inure to the benefit of and be enforceable by and against the parties hereto and the Company’s
successors (including any direct or indirect successor by purchase, merger, consolidation, or
otherwise to all or substantially all of the business and/or assets of the Company) and assigns, as
well as Indemnitee’s spouses, heirs, and personal and legal representatives, to the extent
permitted by applicable laws.

     4. Severability and Construction. Nothing in this Agreement is intended to require or
shall be construed as requiring the Company to do or fail to do any act in violation of applicable
law. The Company’s inability, pursuant to a court order, to perform its obligations under this
Agreement shall not constitute a breach of this Agreement. In addition, if any portion of this
Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise
unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by
applicable law. The parties hereto acknowledge that they each have opportunities to have their
respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the
product of both of the parties hereto, and no ambiguity shall be construed in favor of or against
either of the parties hereto.

     5. Counterparts. This Agreement may be executed in two counterparts, both of which
taken together shall constitute one instrument.

     6. Governing Law. This agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in
accordance with the laws of the State of New York, U.S.A., without giving effect to conflicts of
law provisions thereof.

     7. Notices. All notices, demands, and other communications required or permitted
under this Agreement shall be made in writing and shall be deemed to have been duly given if
delivered by hand, against receipt, or mailed via postage prepaid, certified or registered mail,
return receipt requested, and addressed to the Company at:

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          MakeMyTrip Limited

          [Address]

          Attention: [Chief Financial Officer]

          and to Indemnitee at his/her address last known to the Company.

     8. Entire Agreement. This Agreement constitutes the entire agreement and supersedes
all prior agreements and understandings, both written and oral, between the parties with respect to
the subject matter hereof.

(Signature page follows)

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IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above.

	 	 	 	 	 
	MAKEMYTRIP LIMITED

 

 
 	 	 
	Name:

Title:
 	 	 
	 

	 	 	 	 	 
	INDEMNITEE

 	 	 
	Name:	 	 
	 

[Signature Page of Indemnification Agreement]exv10w01

Exhibit 10.01

INTUIT INC. PERFORMANCE INCENTIVE PLAN

FOR FISCAL YEAR 2011

	1.	 	Overview: Intuit Inc.’s Performance Incentive Plan (IPI) is a program under which
Intuit Inc. (“Intuit”) pays discretionary cash bonus awards to select employees located in
the United States of America. Bonus awards under the IPI are paid annually. The amount of
a bonus award is based upon the employee’s bonus target and performance during the fiscal
year and the bonus pool made available for payments under the IPI for the applicable
fiscal year. The IPI is intended to provide employees with “performance-based
compensation” within the meaning of Section 409A of the Internal Revenue Code (“Code”).
	 
	2.	 	Purposes: The IPI is a component of Intuit’s overall strategy to pay its employees
for performance. The purposes of IPI are to: (i) attract and retain top performing
employees; (ii) motivate employees by tying compensation to Intuit’s performance; and
(iii) reward exceptional individual performance that supports overall Intuit objectives.
	 
	3.	 	Effective Date: The terms of this IPI document will be applicable to bonuses for
services during Intuit’s 2011 fiscal year that begins August 1, 2010.
	 
	4.	 	Eligibility: All employees of Intuit are eligible to participate in the IPI, except
for employees who (i) are classified as seasonal employees, (ii) are classified as
interns/project employees, (iii) participate in Intuit’s Senior Executive Incentive Plan,
unless such employee is specifically approved by the Compensation and Organizational
Development Committee (“Compensation Committee”) to also participate in the IPI, (iv)
participate in other Intuit incentive compensation plans that specifically exclude an
employee’s participation in the IPI, including, but not limited to, the sales incentive
compensation plans and the contact center incentive compensation plans, (v) participate in
an incentive compensation plan sponsored by Intuit or an Intuit subsidiary for
international employees that was designed to provide a cash incentive benefit to such
employees comparable to or in lieu of the IPI, (vi) work for Intuit on a purely commission
basis, (vii) participate in the Performance Incentive Plan for Employees of International
Subsidiaries of Intuit Inc. or (viii) commence employment pursuant to an offer letter
which excludes participation in the IPI. Those employees who are determined to be eligible
for bonus awards under the IPI are called “Participants.” Participants in the IPI (other
than Senior Officers, which term means the Chief Financial Officer, any Executive Vice
President or Senior Vice President, the Vice President of Internal Audit and any other
officer who is a Section 16 officer or any other officer who reports to the President and
Chief Executive Officer) are not eligible to simultaneously participate in any other bonus
or cash incentive plan, unless the Vice President responsible for Total Rewards otherwise
specifically approves such participation. Senior Officers who are Participants in the IPI
are not eligible to simultaneously participate in any other bonus or cash incentive plan,
unless the Compensation Committee otherwise specifically

 

 

	 	 	approves such participation. An
employee must commence employment or otherwise become eligible to participate in the IPI
no later than April 1 to be eligible for a bonus award under the IPI for that fiscal year.
Being a Participant does not entitle the individual to receive a bonus award. Bonus awards
are payable to Participants that meet the criteria set forth in Paragraph 6 below.
	 
	5.	 	Plan Year: The IPI operates on a fiscal year basis, August 1 through July 31.
	 
	6.	 	Bonus Awards: Bonus awards are discretionary payments. A Participant must be an
active employee in good standing and on Intuit’s or an approved subsidiary’s payroll on
the day the bonus award is paid to receive any portion of the bonus payment. A Participant
who is not actively employed or on an approved payroll for whatever reason on the date a
bonus award is paid is not entitled to a partial or pro rata bonus award. Intuit may make
exceptions in its sole discretion, provided, however, that exceptions must be made by the
Compensation Committee or its delegate. There is no minimum award or guaranteed payment.
Bonus awards are paid
based on the fiscal year. A bonus award is calculated at the discretion of the
Compensation Committee after considering Intuit’s performance, the Participant’s bonus
target and performance for the fiscal year and the bonus pool made available for bonus
awards under the IPI for the fiscal year.

	 	a.	 	Bonus Targets:

	 	i.	 	For each Participant that is paid an annual
salary, his or her bonus target is established as a percentage of the
Participant’s base salary. For each Participant that is paid hourly, his
or her bonus target is established as a percentage of the Participant’s
base pay. In accordance with the Fair Labor Standards Act, for each
Participant that is paid hourly, Intuit will either (a) add overtime
earnings to base pay in the calculation of the IPI award or (b) add the
amount of the IPI award to base pay and recalculate the Participant’s
hourly rate for overtime pay.
	 
	 	ii.	 	When an employee becomes a Participant, he or she
is advised of his or her bonus target for the fiscal year.
	 
	 	iii.	 	Following the beginning of each fiscal year, each
Participant is advised of his or her bonus target by the executive
leader of the Participant’s business or functional unit or the executive
leader’s designee.
	 
	 	iv.	 	The Compensation Committee establishes individual
bonus targets for Senior Officers and other Intuit officers. The
President and Chief Executive Officer may establish individual bonus
targets for officers. Bonus targets for other employees are established
by the Vice President responsible for Total Rewards in consultation with
Intuit’s President and Chief Executive Officer, the employee’s manager
and the individual responsible for the business unit or division thereof
or functional unit or

2

 

	 	 	 	division thereof in which the employee works and
that unit or division’s HR director.
	 
	 	v.	 	Intuit may establish bonus target guidelines for
each fiscal year; provided, however, that bonus targets for Senior
Officers are to be established by the Compensation Committee. A
Participant’s bonus target for a fiscal year may be determined based
upon a variety of factors, including but not limited to, Intuit’s
corporate and financial goals, his or her base salary or base pay,
position or level. A bonus target does not guarantee that a bonus award
will be made or, if a bonus award is made, that it will be made at the
target rate.

	 	b.	 	Determination of a Bonus Award Amount

	 	i.	 	The amount of a bonus award to a Participant who
is a Senior Officer is determined by the Compensation Committee, in
consultation with Intuit’s President and Chief Executive Officer. The
amount of a bonus award to a Participant who is not a Senior Officer is
determined by the executive leader of the Participant’s business unit or
functional group and Intuit’s President and Chief Executive Officer in
consultation with the Participant’s direct manager and the Vice
President responsible for Total Rewards.
	 
	 	ii.	 	A Participant’s bonus award is linked to an
assessment of Intuit’s achievement of corporate and financial goals and
the Participant’s total job performance for the fiscal year. Factors
that may be considered, include but are not limited to, what the
Participant does to advance Intuit’s success and how the Participant
does it, especially leadership, balance of short-term actions with
long-term goals, resource allocation and maintenance by the Participant
of focus on Intuit while prioritizing the needs of customers, employees
and stockholders.
	 
	 	iii.	 	There is neither a minimum nor maximum amount of
a bonus award that may be paid to a Participant for a fiscal year.
Subject to the terms and conditions of Section 6, at Intuit’s
discretion, a bonus award amount may be prorated based on the
Participant’s service or other factors, provided, however, that
decisions relating to Senior Officers must be made by the Compensation
Committee.
	 
	 	iv.	 	Any bonus award paid to a Participant is subject
to all applicable taxes and withholding.

	 	c.	 	When Bonus Awards are Paid: The timing for payment of a bonus award
is determined by the Vice President responsible for Total Rewards in consultation
with Intuit’s President and Chief Executive Officer and other senior management. A
Participant has no right to a bonus award until it is paid. Notwithstanding the

3

 

	 	 	 	foregoing, in the event of an administrative error in the calculation or payment
of a bonus award to a Participant, Intuit reserves the right to seek recovery from
a Participant of an erroneously paid excessive bonus amount. Once a bonus award
is no longer subject to a “substantial risk of forfeiture” (as determined pursuant
to regulations and/or other guidance promulgated under Section 409A of the Code),
then it shall be paid not later than the later of: (i) 21/2 months after the end of
Intuit’s first taxable year when the bonus award is no longer subject to such
“substantial risk of forfeiture”, or (ii) 21/2 months after the end of such
Participant’s first taxable year when the bonus award is no longer subject to such
“substantial risk of forfeiture”; unless a later date is established by Intuit, or
Intuit permits the Participant to designate a later date, in either case only as
permitted under Section 409A of the Code.

	7.	 	Unfunded: The IPI is not funded. Bonus awards, if any, are made from the general
assets of Intuit. The Compensation Committee determines in its sole discretion the amount
of funds it would like to make available for bonus awards based on Intuit’s performance
for the fiscal year. Intuit’s performance for this purpose may be measured in a number of
ways, including but not limited to: financial measures, such as revenue and operating
income; qualitative measures, such as accomplishments to position Intuit for the future;
the year’s market conditions; stockholder returns; and progress of Intuit’s business
model. Intuit is not obligated to pay any part of such funds in bonus awards. In the
event that the Compensation Committee determines that funds will be made available for
bonus awards, based on Intuit’s performance, the total amount of funding available will
not exceed 150% of the bonus targets for all Participants, calculated on an aggregate,
company-wide basis..
	 
	8.	 	Amendment: The Compensation Committee has the authority to terminate, change, modify
or amend the provisions of the IPI at any time. Notwithstanding the foregoing, Intuit’s
President and Chief Executive Officer, Chief Financial Officer and Vice President
responsible for Total Rewards, each individually, has the authority to make amendments to
the IPI that do not significantly increase the cost of the IPI and which in such
individual’s determination (i) clarify the terms of the IPI; (ii) assist in the
administration of the IPI; (iii) are necessary or advisable for the IPI to comply with
applicable law; or (iv) are necessary or advisable for the IPI to provide
“performance-based compensation” within the meaning of Code Section 409A for individuals
who participate in the Intuit Inc. Non-Qualified Executive Deferred Compensation Plan.
	 
	9.	 	Administration and Discretion: Except as otherwise required for Senior Officers
under the Charter of the Compensation Committee, Intuit’s President and Chief Executive
Officer and the Vice President responsible for Total Rewards have the sole discretion to:
(a) adopt such rules, regulations, agreements and instruments as it deems necessary to
administer the IPI; (b) interpret the terms of the IPI; (c) determine an employee’s
eligibility under the IPI; (d) determine whether a Participant is to receive a bonus award
under the IPI; (e) determine the
amount of any bonus award to a Participant; (f) determine when a bonus award is to be
paid to a Participant and whether any such bonus award should be prorated based on the
Participant’s service

4

 

		 	or other factors; (g) determine whether a bonus award will be
made in replacement of or as an alternative to any other incentive or compensation plan
of Intuit or of an acquired business unit or corporation; (h) grant waivers of IPI
standard procedures and policies; (i) correct any defect, supply any omission, or
reconcile any inconsistency in the IPI, any bonus award or any notice to Participants
or a Participant regarding bonus awards; and (j) take any and all other actions it
deems necessary or advisable for the proper administration of the IPI.
	 
	10.	 	Participation Provides No Guarantee of Employment: Employment at Intuit is at-will
and participation in the IPI in no way constitutes an employment contract conferring
either a right or obligation of continued employment.
	 
	11.	 	Governing Law: The IPI will be governed by and construed in accordance with the laws
of the State of California.

Approved by the

Compensation and Organizational Development Committee

On July 21, 2010

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