Document:

Exhibit 10.29

 

Execution Version

 

TDS INVESTOR
(CAYMAN) L.P.

 

Third Amended
and Restated 2006 Interest Plan

 

SECTION 1.   Purpose.  The purposes of this TDS Investor L.P. Third
Amended and Restated 2006 Interest Plan (this “Plan”)
are to promote the interests of TDS Investor L.P. (the “Company”) and its partners by (i) attracting
and retaining exceptional officers and other employees, non-employee directors
and consultants of the Company and its Subsidiaries and (ii) enabling such
individuals to acquire an equity interest in and participate in the long-term
growth and financial success of the Company.

 

SECTION 2.   Definitions.  Capitalized terms used in this Plan but not
expressly defined in this Plan shall have the respective meanings ascribed such
terms in the Partnership Agreement (as defined below).  As used in this Plan, the following terms
shall have the meanings set forth below:

 

“Award” shall mean
the grant of the right to purchase and/or acquire Restricted Equity Units or Class A-2
Interests.

 

“Award Agreement”
shall mean any written agreement, contract, or other instrument or document
(which may include provisions of an employment agreement to which the Company
is a party) evidencing any Award granted hereunder.

 

“Company” has the
meaning specified in the Section 1 hereof.

 

“Effective Date”
shall mean October 13, 2006, which is the date on which this Plan was
initially adopted by the Board.

 

“Participant” shall
mean any officer or other employee, non-employee director or consultant of the
Company or its Subsidiaries eligible for an Award under Section 4 and
selected by the Board to receive an Award under this Plan.

 

“Partnership Agreement”
shall mean the Amended and Restated Agreement of Exempted Limited Partnership,
dated as of October 13, 2006, as amended, modified or supplemented from
time to time.

 

“Plan” has the
meaning specified in the Section 1 hereof.

 

“Subsidiary” shall
mean (i) any entity that, directly or indirectly, is controlled by the
Company and (ii) any entity in which the Company has a significant equity
interest, in either case as determined by the Board; provided, however, that
for purposes of Section 409A of the Internal Revenue Code of 1986, as
amended, the definition of “Subsidiary” shall be construed in a manner
consistent with such Section 409A so as to avoid the imposition of any
additional tax under such section.

 

 

“Stock Incentive Plan”
means the 2006 TDS Investor 3 Ltd. Stock Incentive Plan to be adopted by TDS
Investor 3 Ltd.

 

SECTION 3.   Interests
Subject to this Plan.  The total
number of Interests that may be issued pursuant to Awards under this Plan is
119,894,385, allocated among the classes of Interests as follows:

 

(a)           39,582,103
purchased or granted Class A-2 Interests (other than pursuant to
Restricted Equity Units, but including all Class A-2 Interests issued in
exchange for the redemption of previously granted Awards of Class B
Interests, Class B-1 Interests, Class C Interests, Class C-1
Interests and Class D Interests of the Partnership); and

 

(b)           80,402,282
Class A-2 Interests pursuant to Restricted Equity Units.

 

Interests which are
subject to Awards which terminate or lapse without any payment in respect
thereof may be granted again under this Plan. 
Notwithstanding anything to the contrary in this Section 3, the
number of Interests that may be issued under this Plan shall be reduced on a
one-for-one basis in respect of each share subject to a stock-based award made
under the Stock Incentive Plan.

 

SECTION 4.   Administration.

 

(a)           This
Plan shall be administered by the Board. 
Subject to the terms of this Plan and applicable law, and in addition to
other express powers and authorizations conferred on the Board by this Plan,
the Board shall have full power and authority to: (i) designate
Participants; (ii) determine the number and/or class of Interests to
be covered by an Award; (iii) determine the terms and conditions of any
Award; (iv) determine whether, to what extent, and under what
circumstances Awards may be settled, exercised, canceled, forfeited, or suspended;
(v) interpret, administer, reconcile any inconsistency, correct any
default and/or supply any omission in this Plan and any instrument or agreement
relating to an Award made under this Plan; (vi) establish, amend, suspend,
or waive such rules and regulations and appoint such agents as it shall
deem appropriate for the proper administration of this Plan; and (vii) make
any other determination and take any other action that the Board deems
necessary or desirable for the administration of this Plan.

 

(b)           All
designations, determinations, interpretations, and other decisions under or
with respect to this Plan or any Award shall be within the sole discretion of
the Board, may be made at any time and shall be final, conclusive, and binding
upon all persons, including the Company, any Subsidiary, any Participant, any
holder or beneficiary of any Award, and any member of the Company.

 

SECTION 5.   Eligibility.  Any officer or other employee, non-employee
director or consultant to the Company or any of its Subsidiaries (including any
prospective officer, employee, non-employee director or consultant) shall be
eligible to be designated a Participant.

 

2

 

SECTION 6.   Awards.

 

(a)           Grant.  Subject to the provisions of this Plan, the
Board shall have sole and complete authority to determine the Participants to
whom Awards shall be granted, the purchase price, if any, of an Award, the
number and class or classes of Interests to be covered by each Award and
the conditions and restrictions applicable to the Award.

 

(b)           Subject
to Partnership Agreement/Securityholders Agreement.  As a condition to the grant of an Award, the
Participant will be required to become a party to an award agreement (the “Award Agreement”) and, upon receipt of
Interests, the Partnership Agreement. 
All Awards granted hereunder and acquired Interests will be held subject
to the terms and conditions of the Partnership Agreement and the Award
Agreement.

 

(c)           Adjustments.  Notwithstanding any other provisions in the
Partnership Agreement to the contrary, in the event of any change in the
outstanding Interests after the Effective Date by reason of any equity dividend
or split, reorganization, recapitalization, merger, consolidation, spin-off,
combination, combination or transaction or exchange of Interests or other
corporate exchange, or any distribution to Partners of equity or cash (other
than regular cash distributions) or any transaction similar to the foregoing
(regardless of whether outstanding Interests are changed), the Board in its
sole discretion and without liability to any Person shall make such
substitution or adjustment, if any, as it deems to be equitable, as to (i) the
number or kind of Interests or other securities issued or reserved for issuance
in respect of Restricted Equity Units, (ii) the vesting terms under any
Award Agreement, (iii) the distribution priorities contained in the
Partnership Agreement and/or (iv) any other affected terms of any Award.

 

SECTION 7.   Amendment and Termination.

 

(a)           Amendments
to this Plan.  The Board may amend,
alter, suspend, discontinue, or terminate this Plan or any portion thereof at
any time; provided that any such amendment, alteration, suspension,
discontinuance, or termination that would be reasonably expected to have a
material adverse effect on the rights of any Participant or other holder of an
Award theretofore granted shall not to that extent be effective without the
consent of the affected Participant.

 

(b)           Amendments
to Awards.  The Board may waive any
conditions or rights under, amend any terms of, or alter, suspend, discontinue,
cancel or terminate, any Award theretofore granted, prospectively or
retroactively; provided that any such waiver, amendment, alteration,
suspension, discontinuance, cancellation or termination not expressly
contemplated by this Plan that would be reasonably expected to have a material
adverse effect on the rights of any outstanding Award shall not effective
without the consent of the affected Participant.

 

SECTION 8.   General Provisions.

 

(a)           No
Rights to Awards.  No person shall
have any claim to be granted any Award, and there is no obligation for
uniformity of treatment of Participants or beneficiaries of Awards.  The terms and conditions of Awards and the
Board’s determinations and interpretations 

 

3

 

with respect thereto need not
be the same with respect to each Participant (whether or not such Participants
are similarly situated).

 

(b)           Certificates.  All certificates, if any, evidencing
Interests or other securities of the Company or any Subsidiary delivered under
this Plan shall be subject to such stop transfer orders and other restrictions
as the Board may deem advisable under this Plan or the rules, regulations, and
other requirements of the Securities and Exchange Commission, any stock
exchange upon which such securities are then listed, and any applicable Federal
or state laws, and the Board may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions.

 

(c)           Withholding.  A Participant may be required to pay to the
Company or any Subsidiary and the Company or any Subsidiary shall have the
right and is hereby authorized to withhold from any payment due or transfer
made under any Award or under this Plan or from any compensation or other
amount owing to a Participant the amount (in cash, securities, or other
property) of any applicable withholding taxes in respect of an Award or any
payment or transfer under an Award or under this Plan and to take such other
action as may be necessary in the opinion of the Company to satisfy all
obligations for the payment of such taxes.

 

(d)           No
Right to Employment.  The grant of an
Award shall not be construed as giving a Participant the right to be retained
in the employ of, or in any consulting relationship with, the Company or any
Subsidiary.  Further, the Company or a
Subsidiary may at any time dismiss a Participant from employment or discontinue
any consulting relationship, free from any liability or any claim under this
Plan, unless otherwise expressly provided in this Plan or in any Award
Agreement.

 

(e)           Governing
Law.  The validity, construction, and
effect of this Plan shall be determined in accordance with the laws of the
State of New York applicable to contracts made and to be performed therein.

 

(f)            Severability.  If any provision of this Plan or any Award is
or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any person or Award, or would disqualify this Plan or any
Award under any law deemed applicable by the Board, such provision shall be
construed or deemed amended to conform the applicable laws, or if it cannot be
construed or deemed amended without, in the determination of the Board,
materially altering the intent of this Plan or the Award, such provision shall
be stricken as to such jurisdiction, person or Award and the remainder of this
Plan and any such Award shall remain in full force and effect.

 

SECTION 9.   Term of this Plan.

 

(a)           Effective
Date.  This Plan shall be effective
as of the Effective Date.

 

(b)           Expiration
Date.  No Award shall be granted
under this Plan after the tenth anniversary of the Effective Date.  Unless otherwise expressly provided in this
Plan or in an applicable Award Agreement, any Award granted hereunder may, and
the authority of the Board 

 

4

 

to amend, alter, adjust,
suspend, discontinue, or terminate any such Award or to waive any conditions or
rights under any such Award shall, continue after such date.

 

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Exhibit 10.30    
    

         

  

July
21, 2006 

Mr.
Patrick J. Bourke III

43609 Carradoc Farm Terrace

Leesburg, Virginia 20176 

Dear
Pat: 

        I
am pleased to confirm our verbal offer, and your acceptance of employment with Travelport as Executive Vice President, Operations and Chief Reengineering Officer, reporting to Jeff
Clarke, President and CEO Travelport. Your start date will be July 24, 2006. Your annual salary will be $500,000 with a bi-weekly pay rate of $19,230.77. The position you have accepted is
categorized as a Band 101, Senior Executive Leadership (SEL). The benefits you will receive are commensurate with other executives at this level, including financial planning and insurance
services as well as participation in the Travelport Executive Car Program. You will be receiving more detailed information of these benefits from us shortly after your start date. Within two weeks of
your start date you should expect to be contacted directly by representatives from Ayco (financial planning) and PHH (car program). This offer is contingent upon satisfactory employment and education
verification of your U.S. employment eligibility. In the event that the sale of Travelport Inc. to the Blackstone Group ("the Sale"), which is expected to close in August, 2006, does not take place by
December 1, 2006, then your employment may be terminated. 

        You
are also eligible to participate in Travelport's Global Bonus Plan ("the Plan"), provided that you meet our performance measures or such other criteria as the Company determines in
its sole
discretion. The Plan currently provides for a target payment of 100% of your eligible earnings based on achievement of objectives to be determined. The bonus distribution is typically in the first
quarter of the next year and your eligibility for a bonus is determined under the terms of the Plan. As discussed, you are also eligible for a one-time bonus payment of $200,000.00 upon completion of
a set of mutually-agreed upon short-term objectives. This bonus will be paid within 30 days of successful completion of these mutually-agreed upon objectives. 

        As
a senior executive in our new Company, your position is also eligible for participation in the Company's long-term incentive plan, the terms of which have not yet been finalized or
approved. While the form, vesting schedule and other details of your award is at the discretion of the Company, the long term incentive award is targeted to have a value of .33% of eligible common
stock (such common stock having the value of $900,000,000), and subject to approval of the Company's Compensation Committee. In the event that the Sale is not completed by December 1, then this
long-term incentive plan award is null and void and no award shall be made or compensation paid to you. We expect to have the details of long-term incentive plan completed with 60 days of the Sale. 

        In
the event that, following the Sale, your employment is terminated by the Company without cause (as determined by the Company), and you execute, do not revoke, and comply with the
terms of a separation and general release agreement (waiving all legal claims against Travelport), and a restrictive covenant agreement under which you will agree not to compete against Travelport and
not to solicit Travelport employees and customers, in each case for a period equivalent to the number of weeks of severance you are receiving following your termination of employment (these releases
and 

 

agreements,
which are referred to collectively as the "Separation Agreement", will be in such standard form determined by Travelport), you will be eligible to receive the following benefits (in lieu
of severance or separation benefits under any and all other severance plans, policies and agreements which may entitle you to severance or separation benefits): 

	•
	a
lump sum severance payment equal to two years of your annual base salary and annual target bonus at the time of your separation from employment.

	•
	One
year of accelerated vesting of any outstanding equity grant(s), subject to the approval of the Travelport Compensation Committee (or its equivalent). 

        In
other words, if you are terminated by the Company for any reason prior to the Sale or because the Sale does not take place by September 1, 2006, then you will not be eligible
for the foregoing benefits. In the event that you are offered additional post-employment benefits, which will be at the sole discretion of the Company, you will be required to sign a Separation
Agreement that may include, among other things, provisions on non-competition, non-solicitation of customers and employees and confidentiality. 

        In
addition, as a condition of employment, you will be required to sign a Non-Disclosure and

Non-Solicitation Agreement in such form provided by the Company, which shall include provisions limiting your solicitation on customers and employees for twelve (12) months after the
termination of your employment, regardless of whether you or the Company terminates employment and for what reason. I will send you this Non-Disclosure and Non-Solicitation Agreement in the next few
days. 

        Please
note that the benefits provided to you herein are subject to you signing and returning a copy of this letter to my attention by no later than July 24, 2006. All amounts
discussed herein are subject to applicable withholding taxes and other lawful deductions. 

        Finally,
by signing and returning this letter, you agree that you shall at all times keep strictly confidential (except for disclosure to your spouse, accountant, and attorney; provided
they agree to remain bound by this promise of confidentiality) the terms and conditions of this letter (except that you may disclose the terms and conditions of this letter when required by law or
subpoena; provided you give Travelport reasonable advance notice of such disclosure so that Travelport may have the opportunity to oppose such disclosure). You agree that this promise of
confidentiality is a material provision of this letter and that your failure to keep this letter strictly confidential shall mean that you are ineligible to receive any payment or other consideration
pursuant to this letter and, in the event you have received any payment or consideration pursuant to this letter, you shall be liable for the return of all payments or considerations hereunder, to
Travelport for any breach of this promise of confidentiality. 

        Prior
to beginning employment with Travelport, you will need to establish your U.S. employment eligibility as well as your identity. Examples of proper identification include a passport,
or a valid driver's license and social security card; alternate acceptable documents are stated on the enclosed list. You will need to bring this identification with you on your first day of
employment. 

        Please
indicate your acceptance of this offer by signing the enclosed copy and returning it, along with originals of the enclosed W-4, I-9 and Personal Data Form, to me no later than on
your first date of employment. Per Travelport's standard policy, this letter is not intended nor should it be considered as an employment contract for a definite or indefinite period of time.
Employment with Travelport is at will, and either you or the Company may terminate employment at any time, with or without cause. In addition, by signing this letter, you acknowledge that this letter,
along with any pre-hire documentation you executed, sets forth the entire agreement between you and the company, regarding your employment with the company, and fully supersedes any prior agreements
or understandings, whether written or oral. 

1

 

        You
represent and affirm that you do not have any non-competition, non-solicitation, restrictive covenant or other similar agreement or contract that will or may restrict or limit in any
way your ability to perform the duties of the position you have been offered with the Company, and that the Company's offer of employment is contingent upon this representation by you. 

        We
are excited that you are joining our organization and look forward to having you as part of the Travelport team. If there is anything further I can do to assist you, please do not
hesitate to contact me at 973.496.7007. 

Regards,

	

/s/  JOANNE KRUSE      
 JoAnne Kruse

EVP Human Resources

Travelport Inc.	
 	

 	
 	

 
	

 	
 	

 	
 	

 
	Understood and accepted:	 	 	 	 
	

/s/  PAT BOURKE      
 Pat Bourke	
 	

 	
 	

7/24/2006
 Date

2

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Exhibit 10.30

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