Document:

Exhibit 10.1

 

Description of 2008 Cash Bonus Arrangements for Named
Executive Officers

 

·                  Each named executive will be entitled to
receive a cash bonus for 2008 equal to a target percentage of that executive’s
base salary.

 

·                  The maximum bonus for our chief executive
officer will be 120% of his base salary.

 

·                  The maximum bonus for our chief financial
officer will be 100% of his base salary.

 

·                  One half of the bonus will be based upon the
Company’s overall financial performance, as measured by the Company’s fully
diluted earnings per share for fiscal year 2008.

 

·                  One half of the bonus will be based upon each
executive’s individual performance, as measured by factors the Compensation
Committee may deem appropriate.

 

·                  The overall maximum bonus percentages also
may be increased or reduced based on the Company’s financial performance.EXHIBIT 10.1

 

AGREEMENT
AND GENERAL RELEASE

 

Orbitz Worldwide, Inc. (“Orbitz Worldwide”) and  Orbitz, L.L.C. (collectively with their subsidiaries, the
“Company”) and Randy Wagner (hereinafter collectively with her heirs,
executors, administrators, successors and assigns, “EXECUTIVE”), mutually
desire to enter into this Agreement and General Release (“Agreement” or
“Agreement and General Release”) and agree that:

 

The terms of this Agreement are the products of
mutual negotiation and compromise between EXECUTIVE and the Company; and

 

The meaning, effect and terms of this Agreement
have been fully explained to EXECUTIVE; and

 

EXECUTIVE is hereby advised, in writing, by the
Company that she should consult with an attorney prior to executing this
Agreement; and

 

EXECUTIVE is being afforded at twenty-one (21)
days from her Last Day of Employment to consider the meaning and effect of this
Agreement; and EXECUTIVE may execute this Agreement after the Last Day
of Employment but may  not execute it more than twenty-one (21)
days after the Last Day of Employment; and

 

EXECUTIVE understands and acknowledges that, if
she executes this Agreement before the Last Day of Employment, it shall be null
and void and of no effect; and

 

EXECUTIVE understands that she may revoke this
Agreement for a period of seven (7) calendar days following the day she
executes this Agreement and this Agreement shall not become effective or
enforceable until the revocation period has expired, and no revocation has
occurred (“the Effective Date”).  Any
revocation within this period must be submitted, in writing, to the
Company’s Human Resources Department and state, “I hereby revoke my acceptance
of your Agreement and General Release.” 
Said revocation must be personally delivered to the Company’s Human
Resources Department, or mailed to the Company’s Human Resources Department and
postmarked within seven (7) calendar days of execution of this Agreement;
and

 

EXECUTIVE has carefully considered other
alternatives to executing this Agreement and General Release.

 

THEREFORE, EXECUTIVE and the Company, for the
full and sufficient consideration set forth below, agree as follows:

 

1.             EXECUTIVE’s
employment with the Company is terminated without Cause (as defined in the
Letter Agreement) as of February 15, 2008, which shall be her Last Date of
Employment.  EXECUTIVE shall receive all
wages earned through her Last Date of Employment, less applicable taxes,
withholding and other lawful deductions. 
Other than as set forth below, EXECUTIVE shall not be eligible for any
other payments from the Company.

 

 

2.             In consideration for the execution
by EXECUTIVE of this Agreement and compliance with the promises made in this
Agreement, pursuant to the letter agreement between EXECUTIVE and the Company
(“the Letter Agreement”) that EXECUTIVE signed on August 5, 2007, the
Company agrees:

 

a.               to pay EXECUTIVE
consideration in a lump sum amount of three hundred twenty-five thousand
dollars and no cents ($325,000.00), subject to applicable taxes, withholding
and deductions.  This amount represents
one (1) year of EXECUTIVE’s current base annual salary and is paid
pursuant to the first bullet on page two of the Letter Agreement.

 

b.              to pay EXECUTIVE
consideration in a lump sum amount of two hundred forty-three thousand seven
hundred fifty dollars and no cents ($243,750.00), subject to applicable taxes,
withholding and deductions.  This amount
represents an amount equal to EXECUTIVE’s current annual target bonus and is
paid pursuant to the second bullet on page two of the Letter Agreement.

 

c.               to pay EXECUTIVE
consideration in a lump sum amount of thirty thousand six hundred thirty-nine
dollars and thirty-eight cents ($30,639.38), subject to applicable taxes,
withholding and deductions.  This amount
represents an amount equal to EXECUTIVE’s prorated target bonus for the portion
of 2008 she was employed by the Company and is paid pursuant to the third
bullet on page two of the Letter Agreement.

 

d.              to pay EXECUTIVE
additional consideration in a lump sum amount of fifty-six thousand eight
hundred and seventy dollars and 81 cents ($56,870.81), subject to applicable
taxes, withholding and deductions.

 

2

 

e.               to continue EXECUTIVE’s health plan coverage
through the end of the month in which her last date of employment occurs.  Thereafter, EXECUTIVE will be eligible to
continue health plan coverage pursuant to the terms of the Consolidated Omnibus
Budget Reconciliation Act (“COBRA”).  If
EXECUTIVE elects to continue health plan coverage pursuant to COBRA, the
Company will subsidize her COBRA payments for the first twelve (12)  months so that EXECUTIVE will pay the same monthly premiums
as active employees for the same coverage; provided, however, that if EXECUTIVE
is eligible for another group health plan coverage prior to the end of this period,
the Company shall not be responsible for any further payments; provided,
further, however, that the Company may, in its sole discretion, provide
EXECUTIVE  with a lump sum payment in
lieu of providing a COBRA subsidy.  This
subsidy is paid pursuant to the fourth bullet on page two of the Letter
Agreement.  Thereafter, EXECUTIVE will be
responsible for the full payment of any COBRA premiums through the remainder of
her eligibility.

 

f.                 to provide EXECUTIVE with outplacement benefits
pursuant to Company policy.  This benefit is provided pursuant to the
fifth bullet on page two of the Letter Agreement.

 

g.              to provide EXECUTIVE with vesting of any
equity-based awards held by EXECUTIVE with respect to Orbitz Worldwide, Inc.
as, and to the extent, described in the definitive documentation related to
such awards.  As set forth in such
definitive documentation executed by EXECUTIVE, the stock options, restricted
stock units and restricted stock granted to EXECUTIVE pursuant to the Orbitz
Worldwide, Inc. 2007 Equity and Incentive Plan that are unvested as of her
Last Day of Employment and that would have become vested had EXECUTIVE
remained employed by the Company through one year from the Last Day of
Employment shall become immediately vested as of the Last Day of Employment.

 

h.              to provide EXECUTIVE
with a neutral reference to any entity other than the Released Parties.  Upon inquiry to the Human Resources
department, prospective employers (other than the Released Parties) will be
advised only as to the dates of EXECUTIVE’s employment and her most recent job
title.  Last salary will be provided if
EXECUTIVE has provided a written release for the same.

 

3

 

The payments herein will be
made as soon as reasonably practicable once this Agreement has taken effect,
but in no case more than sixty (60) days after EXECUTIVE’s Last Date of
Employment.   This Agreement is intended
to comply with the requirements of Section 409A of the Internal Revenue
Code (“Section 409A”) and regulations promulgated thereunder.
 To the extent that any provision in this agreement is ambiguous as to its
compliance with Section 409A, the provision shall be read in such a manner
so that all payments under this agreement shall not incur an “additional tax”
within the meaning of Section 409A(a)(1)(B) of the Code.

 

3.             EXECUTIVE
is obligated to pay any local, state or federal taxes that may become due and
owing on the payments and benefits provided under this Agreement and in this
regard agrees to hold the Company, their current and former parents, and their
shareholders, affiliates, subsidiaries, divisions, predecessors, successors and
assigns and the employees, officers, directors, advisors and agents thereof
(collectively referred to throughout this Agreement as the “Released Parties”,
or a “Released Party”) harmless for any taxes, interest or penalties deemed by
the government as due thereon from the Company or from her.

 

4.             EXECUTIVE
understands and agrees that she would not receive the monies and/or benefits
specified in paragraph 2 above, except for her execution of this Agreement, and
the fulfillment of the promises contained herein, and that such consideration
is greater than any amount to which she would otherwise be entitled as an
employee of the Company.

 

5.             Except as otherwise expressly provided by this Agreement
or the right to enforce the terms of this Agreement, EXECUTIVE, of her own free
will knowingly and voluntarily releases and forever discharges the Released
Parties, of and from any and all actions or causes of action, suits, claims,
charges, complaints, promises demands and contracts (whether oral or written,
express or implied from any source), or any nature whatsoever, known or
unknown, suspected or unsuspected, which against the Released Parties EXECUTIVE
or EXECUTIVE’S heirs, executors, administrators, successors or assigns ever
had, now have or hereafter can shall or may have by reason of any matter, cause
or thing whatsoever arising any time prior to the time EXECUTIVE executes this
Agreement, including, but not limited to:

 

a.               any and all matters arising
out of EXECUTIVE’s employment by the Company or any of the Released Parties and
the termination of that employment, and that includes but is not limited to any
claims for salary, allegedly unpaid wages, bonuses, commissions, retention pay,
severance pay, vacation pay, or any alleged violation of the National Labor
Relations Act, any claims for discrimination of any kind under the Age
Discrimination in Employment Act of 1967 as amended by the Older Workers
Benefit Protection Act, Title VII of the Civil Rights Act of 1964, Sections
1981 through 1988 of Title 42 of the United States Code, any claims under the
Employee Retirement Income Security Act of 1974 (except for vested benefits
which are not affected by this Agreement), the Americans With Disabilities Act
of 1990, the Fair Labor Standards Act (to the extent such claims can be
released), the Occupational Safety and Health Act, the Consolidated Omnibus
Budget Reconciliation Act of 1985, 

 

4

 

the Federal Family and
Medical Leave Act (to the extent such claims can be released);

 

b.              Illinois Human Rights Act; Minimum Wage Law; Equal
Wage Act; Equal Pay Act of 2003; Wages for Women and Minors Act; Religious
Freedom Restoration Act Statutory Provision Regarding Retaliation/Discrimination
for Filing a Worker’s Compensation Claim; Equal Pay Laws; School Visitation
Rights Act; AIDS Confidentiality Act; Right to Privacy Law; Genetic Information
Privacy Act; the Cook County Human Rights Ordinance; the Chicago Human Rights
Ordinance, as amended;  and

 

c.               any other federal,
state or local civil or human rights law, or any other alleged violation of any
local, state or federal law, regulation or ordinance, and/or public policy,
implied or expressed contract, fraud, negligence, estoppel, defamation,
infliction of emotional distress or other tort or common-law claim having any
bearing whatsoever on the terms and conditions and/or termination of her
employment with the Company including, but not limited to, any statutes or
claims providing for the award of costs, fees, or other expenses, including
reasonable attorneys’ fees, incurred in these matters.

 

Nothing in the general release of claims in this
paragraph 5 shall affect any vested equity granted to EXECUTIVE under the
Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan (“the Orbitz Plan”)
and any vested equity granted to EXECUTIVE under the TDS Investor (Cayman) L.P.
2006 Interest Plan (“the Travelport Plan”), as amended and/or restated from
time to time, and the award agreements issued under the Orbitz Plan and the
Travelport Plan.

 

6.             EXECUTIVE
also acknowledges that she does not have any current charge, claim or lawsuit
against one or more of the Released Parties pending before any local, state or
federal agency or court regarding her employment and her separation from
employment. EXECUTIVE
understands that nothing in this release prevents her from filing a charge or
complaint with or from participating in an investigation or proceeding
conducted by the Equal Employment Opportunity Commission (“EEOC”) or any other
federal, state or local agency charged with the enforcement of any employment
or labor laws, although by signing this Agreement EXECUTIVE is giving up any
right to monetary recovery that is based on any of the claims she has released.  EXECUTIVE also understands that if she files such a charge or complaint, she
has, as part of this Agreement, waived the right to receive any remuneration
beyond what EXECUTIVE has received in this Agreement.

 

7.             EXECUTIVE
shall not seek or be entitled to any personal recovery, in any action or
proceeding that may be commenced on EXECUTIVE’s behalf in any way arising out
of or relating to the matters released under this Agreement.

 

8.             EXECUTIVE
represents that she has not and agrees that she will not in any way disparage
the Company or any Released Party, their current and former officers, directors
and employees, or make or solicit any comments, statements, or the like to the
media or to others 

 

5

 

that may be considered to
be derogatory or detrimental to the good name or business reputation of any of
the aforementioned parties or entities.

 

9.             EXECUTIVE acknowledges that in
connection with her employment, EXECUTIVE has had access to information of a
nature not generally disclosed to the public.  
EXECUTIVE agrees to keep confidential and not disclose to anyone, unless
legally compelled to do so, Confidential and Proprietary Information.  “Confidential and Proprietary Information”
includes but is not limited to all Company or any Released Party’s business and
strategic plans, financial details, computer programs, manuals, contracts,
current and prospective client and supplier lists, and all other documentation,
business knowledge, data, material, property and supplier lists, and
developments owned, possessed or controlled by the Company or any Released
Party, regardless of whether possessed or developed by EXECUTIVE in the course
of her employment.  Such Confidential and
Proprietary Information may or may not be formally designated as confidential
or proprietary and may be oral, written or electronic media.  Regardless of any formal designation,
EXECUTIVE understands and agrees that the Confidential and Proprietary
Information is subject to protection under this Agreement. EXECUTIVE
understands that such information is owned and shall continue to be owned
solely by the Released Parties. 
EXECUTIVE agrees that she will not use or disclose, directly or
indirectly, in whole or in part, any Confidential and Proprietary Information.  EXECUTIVE acknowledges that she has complied
and will continue to comply with this commitment, both as an employee and after
the termination of her employment. 
EXECUTIVE also acknowledges her continuing obligations under the Orbitz
Worldwide, Inc. Code of Business Conduct and Ethics.  Nothing in this provision is intended to or may be
construed to limit in any way the full protection of trade secrets or
confidential information under applicable law.

 

10.           EXECUTIVE understands that if this
Agreement were not signed, she would have the right to voluntarily assist other
individuals or entities in bringing claims against Released Parties.  EXECUTIVE hereby waives that right and agrees
that she will not provide any such assistance other than assistance in an
investigation or proceeding conducted by the United States Equal Employment
Opportunity Commission or other federal, state or local agency, or pursuant to
a valid subpoena or court order. 
EXECUTIVE agrees that if such a request for assistance if by any agency
of the federal, state or local government, or pursuant to a valid subpoena or
court order, she shall advise the Company in writing of such a request no later
than three (3) days after receipt of such request.

 

11.           EXECUTIVE
acknowledges and confirms that she has returned all company property to the
Company, including her identification card, and computer hardware and software,
all paper or computer based files, business documents, and/or other records as
well as all copies thereof, credit cards, keys and any other Company supplies or
equipment in her possession.  In
addition, any business related expenses for which she seeks reimbursement have
been documented and submitted to the Company. 
Finally, any amounts owed to the Company have been paid.

 

12.           a.             For a twelve (12) month period following
the date she ceases to be employed by the Company (the “Restricted Period”), i.e. February 15, 2009, EXECUTIVE shall not use her
status with the Company to obtain loans, goods or services from another 

 

6

 

organization on terms that would not be
available to her in the absence of her relationship to the Company.

 

b.             During
the Restricted Period, EXECUTIVE shall not make any statements or perform any
acts intended to or which may have the effect of advancing the interest of any
Competitors of the Company or in any way injuring the interests of the Company
and the Company shall not make or authorize any person to make any statement
that would in any way injure the personal or business reputation or interests
of EXECUTIVE; provided however, that, nothing herein shall preclude the Company
or EXECUTIVE from giving truthful testimony under oath in response to a
subpoena or other lawful process or truthful answers in response to questions
from a government investigation; provided, further, however, that nothing
herein shall prohibit the Company from disclosing the fact of any termination
of EXECUTIVE’s employment or the circumstances for such a termination.  For purposes of this Agreement, the term
“Competitor” means any enterprise or business that is engaged in, or has plans
to engage in, at any time during the Restricted Period, any activity that
competes with the businesses conducted during or at the termination of
EXECUTIVE’s employment, or then proposed to be conducted, by the Company in a
manner that is or would be material in relation to the businesses of the
Company or the prospects for the businesses of the Company (in each case,
within 100 miles of any geographical area where the Company manufactures,
produces, sells, leases, rents, licenses or otherwise provides its products or
services).  During the Restricted Period,
EXECUTIVE, without prior express written approval by the Orbitz Worldwide, Inc.
Board of Directors (“the Board of Directors”), shall not (A) engage in, or
directly or indirectly (whether for compensation or otherwise) manage, operate,
or control, or join or participate in the management, operation or control of a
Competitor, in any capacity (whether as an employee, officer, director,
partner, consultant, agent, advisor, or otherwise) or (B) develop, expand
or promote, or assist in the development, expansion or promotion of, any
division of an enterprise or the business intended to become a Competitor at
any time after the end of the Restricted Period or (C) own or hold a
Proprietary Interest in, or directly furnish any capital to, any Competitor of
the Company.  EXECUTIVE acknowledges that
the Company’s businesses are conducted nationally and internationally and agree
that the provisions in the foregoing sentence shall operate throughout the
United States and the world (subject to the definition of “Competitor”).

 

c.             During
the Restricted Period, EXECUTIVE, without express prior written approval from
the Board of Directors, shall not solicit any members or the then current
clients of the Company for any existing business of the Company or discuss with
any employee of the Company information or operations of any business intended
to compete with the Company.

 

d.             During
the Restricted Period, EXECUTIVE shall not interfere with the employees or
affairs of the Company or solicit or induce any person who is an employee of
the Company to terminate any relationship such person may have with the
Company, nor shall EXECUTIVE during such period directly or indirectly engage,
employ or compensate, or cause or permit any person with which she may be
affiliated, to engage, employ or compensate, any employee of the Company.

 

7

 

e.             For
the purposes of this Agreement, “Proprietary Interest” means any legal,
equitable or other ownership, whether through stock holding or otherwise, of an
interest in a business, firm or entity; provided, that ownership of less than
5% of any class of equity interest in a publicly held company shall not be
deemed a Proprietary Interest.

 

f.              The
period of time during which the provisions of this section shall be in effect
shall be extended by the length of time during which EXECUTIVE is in breach of
the terms hereof as determined by any court of competent jurisdiction on the
Company’s application for injunctive relief.

 

g.             EXECUTIVE agrees that the restrictions contained in this
section are an essential element of the payments and benefits she is granted
hereunder and but for her agreement to comply with such restrictions, the
Company would not have entered into this Agreement.

 

h.             It is expressly understood and agreed that although
EXECUTIVE and the Company consider the restrictions contained in this section
to be reasonable, if a final judicial determination is made by a court of
competent jurisdiction that the time or territory or any other restriction
contained in this Agreement is an unenforceable restriction against EXECUTIVE,
the provisions of this Agreement shall not be rendered void but shall be deemed
amended to apply as to such maximum time and territory and to such maximum
extent as such court may judicially determine or indicate to be
enforceable.  Alternatively, if any court
of competent jurisdiction finds that any restriction contained in this
Agreement is unenforceable, and such restriction cannot be amended so as to
make it enforceable, such finding shall not affect the enforceability of any of
the other restrictions contained herein.

 

i.              EXECUTIVE acknowledges and agrees
that the Company’s remedies at law for a breach or threatened breach of any of
the provisions of this section would be inadequate and the Company would
suffer irreparable damages as a result of such breach or threatened
breach.  In recognition of this fact,
EXECUTIVE agrees that, in the event of such a breach or threatened breach, in
addition to any remedies at law, the Company, without posting any bond, shall
be entitled to cease making any payments or providing any benefit otherwise
required by this agreement and obtain equitable relief in the form of specific
performance, temporary restraining order, temporary or permanent injunction or
any other equitable remedy which may then be available.  Without limiting the generality of the
foregoing, neither party shall oppose any motion the other party may make for any
expedited discovery or hearing in connection with any alleged breach of this
paragraph 12.

 

13.           This
Agreement is made in the State of Illinois and shall be interpreted under the
laws of said State.  Its language shall
be construed as a whole, according to its fair meaning, and not strictly for or
against either party.  Should any
provision of this Agreement be declared illegal or unenforceable by any court
of competent jurisdiction and cannot be modified to be enforceable, including
the general release language, such provision shall immediately become null and
void, leaving the remainder of this in full force and effect.  However, if as a result of any action
initiated by EXECUTIVE, any portion of the general release language were ruled
to be unenforceable for 

 

8

 

any reason, EXECUTIVE shall return the payments and
benefits paid under this Agreement to the Company.

 

14.           EXECUTIVE
agrees that neither this Agreement nor the furnishing of the consideration for
this Agreement shall be deemed or construed at any time for any purpose as an
admission by the Company of any liability or unlawful conduct of any kind, all
of which the Company denies.

 

15.           This Agreement may not be modified, altered or changed
except upon express written consent of both parties wherein specific reference
is made to this Agreement.

 

16.           This
Agreement sets forth the entire agreement between the parties hereto, and fully
supersedes any prior agreements or understandings between the parties, with the
exception of any non-compete, non-solicit or confidentiality agreement between
EXECUTIVE and the Company or one of their affiliates, which agreement(s) shall
survive the termination of EXECUTIVE’s employment in accordance with its own
terms.

 

17.           EXECUTIVE
agrees to cooperate with
and make herself readily available to Orbitz Worldwide and its General Counsel,
as the Company may reasonably request, to assist it in any matter regarding the
Company or their affiliates, subsidiaries, and predecessors, including giving
truthful testimony in any litigation or potential litigation involving the
Company and their affiliates, subsidiaries, and their predecessors, over which
EXECUTIVE has knowledge or information. 
The Company will reimburse EXECUTIVE for any and all reasonable expenses
reasonably incurred in connection with EXECUTIVE’s compliance with this
paragraph.

 

18.           In consideration for the payments and
benefits provided to EXECUTIVE under this Agreement, EXECUTIVE warrants and
affirms to the Company that she has at all times conducted herself as a
fiduciary of, and with sole regard to that which is in best interests of,
Orbitz Worldwide and its affiliates and their predecessors.  She affirms that in conducting business for
Orbitz Worldwide and its affiliates and their predecessors, she has done so
free from the influence of any conflicting personal or professional interests,
without favor for or regard of personal considerations, and that she has not in
any way violated the Orbitz Worldwide Code of Business Conduct and Ethics, the
Business Ethics policy or any other of the Core Policies.  Toward that end, EXECUTIVE understands that
this affirmation is a material provision of this Agreement, and, should the
Company determine that EXECUTIVE has engaged in business practices inconsistent
with the affirmation set forth herein then EXECUTIVE agrees that she shall have
committed a material breach of this Agreement, and any payments and benefits
provided to EXECUTIVE under this Agreement shall not have been earned.  In that case, EXECUTIVE shall be liable for
the return of all payments and benefits made to her or on her behalf under this
Agreement.

 

19.           At
the same time EXECUTIVE executes this Agreement, EXECUTIVE agrees to execute
and return with this Agreement the attached resignation letter concerning her appointment 

 

9

 

as
director, officer, and/or any other position of responsibility requiring
notification to a public registrar, or regulatory or governing body.

 

THE PARTIES HAVE READ AND FULLY CONSIDERED THIS
AGREEMENT AND GENERAL RELEASE AND ARE MUTUALLY DESIROUS OF ENTERING INTO SUCH
AGREEMENT AND GENERAL RELEASE.  EXECUTIVE
UNDERSTANDS THAT THIS DOCUMENT SETTLES, BARS AND WAIVES ANY AND ALL CLAIMS
SHE  HAD OR MIGHT HAVE AGAINST THE
COMPANY; AND SHE ACKNOWLEDGES THAT SHE IS NOT RELYING ON ANY OTHER
REPRESENTATIONS, WRITTEN OR ORAL, NOT SET FORTH IN THIS DOCUMENT.  HAVING ELECTED TO EXECUTE THIS AGREEMENT AND
GENERAL RELEASE, TO FULFILL THE PROMISES SET FORTH HEREIN, AND TO RECEIVE
THEREBY THE SUMS AND BENEFITS SET FORTH IN PARAGRAPH 2 ABOVE, EXECUTIVE FREELY
AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND
GENERAL RELEASE.  IF THIS DOCUMENT IS
RETURNED EARLIER THAN 21 DAYS FROM THE LAST DATE OF EMPLOYMENT, THEN EXECUTIVE ADDITIONALLY
ACKNOWLEDGES AND WARRANTS THAT SHE HAS VOLUNTARILY AND KNOWINGLY WAIVED THE 21
DAY REVIEW PERIOD, AND THIS DECISION TO ACCEPT A SHORTENED PERIOD OF TIME IS
NOT INDUCED BY THE COMPANY THROUGH FRAUD, MISREPRESENTATION, A THREAT TO
WITHDRAW OR ALTER THE OFFER PRIOR TO THE EXPIRATION OF THE 21 DAYS, OR BY
PROVIDING DIFFERENT TERMS TO EMPLOYEES WHO SIGN RELEASES PRIOR TO THE
EXPIRATION OF SUCH TIME PERIOD.

 

10

 

THEREFORE, the parties to this Agreement and
General Release now voluntarily and knowingly execute this Agreement.

 

	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Randy Wagner

  	
   

  
	
   

  	
   

  	
  RANDY WAGNER

  
	
   

  	
   

  	
   

  
	
  Signed and sworn before me

  	
   

  	
   

  
	
  this 19 day of February, 2008.

  	
   

  	
   

  
	
  /s/ Linda Muller

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  
	
   

  	
   

  	
  ORBITZ WORLDWIDE, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Katherine Andreasen

  	
   

  
	
   

  	
   

  	
  Name: Katherine Andreasen

  
	
   

  	
   

  	
  Title: SVP, Human Resources

  
	
  Signed and sworn to before me

  	
   

  	
   

  
	
  this 20 day of February, 2008.

  	
   

  	
   

  
	
  /s/ Chennin Kenyon

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  
	
   

  	
   

  	
  ORBITZ, L.L.C.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Katherine Andreasen

  	
   

  
	
   

  	
   

  	
  Name: Katherine Andreasen

  
	
   

  	
   

  	
  Title: SVP, Human Resources

  
	
  Signed and sworn to before me

  	
   

  	
   

  
	
  this 20 day of February, 2008.

  	
   

  	
   

  
	
  /s/ Chennin Kenyon

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  
						

 

11

 

To
the Board of Directors of

Orbitz
Worldwide, Inc.

500
West Madison

Chicago,
IL

 

In
connection with my employment within the Orbitz Worldwide, Inc. group of
companies which, for the avoidance of doubt means Orbitz Worldwide, Inc.
and/or its affiliates and subsidiaries (“Orbitz  Group”) and my appointment as director, officer, and/or any
other position of responsibility requiring notification to a public registrar,
or regulatory or governing body (“Executive Appointments”).

 

I
hereby resign from all and any Executive Appointments (as described above)
pertaining to my employment with the Orbitz Group with effect on my last day of
employment with the Orbitz Group.

 

 

	
  Sincerely,

  
	
   

  
	
   

  
	
  /s/ Randy Wagner

  	
   

  
	
  Randy
  Wagner

  
	
   

  
	
   

  
	
  Date:

  	
   

  	
  2/19/08

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