SEC Contract Filing

Filing Date: 2017-08-08

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>2
<FILENAME>trip-ex104_676.htm
<DESCRIPTION>EX-10.4
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trip-ex104_676.htm
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:12pt;font-family:Calibri;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><font style="margin-left:36pt;"></font>&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.4</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:14pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">TRIPADVISOR, INC. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXECUTIVE SEVERANCE PLAN </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AND SUMMARY PLAN DESCRIPTION</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Introduction </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">TripAdvisor, Inc. hereby establishes the TripAdvisor, Inc. Executive Severance Plan and Summary Plan Description (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;) for the benefit of certain employees of TripAdvisor, Inc. and its subsidiaries (collectively, the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;). The purpose of the Plan is to provide certain designated employees with benefits in the event that the employee&#8217;s employment is terminated under circumstances entitling the employee to such benefits, as described herein. The Plan is an unfunded welfare benefit plan for a select group of management or highly compensated employees that is intended to qualify for the exemptions provided in ERISA Sections 201, 301 and 401 and Department of Labor Reg. &#167;2520.104-24. This Plan supersedes all prior policies and practices of the Company with respect to severance or separation pay for participating employees whose employment is terminated on or after the Effective Date (as defined below). </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Definitions</font>. </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1.<font style="margin-left:36pt;">&#8220;</font><font style="text-decoration:underline;">Administrator</font>&#8221; refers to TripAdvisor, LLC, which shall be the administrator of the Plan as defined in Section&#160;3(16) of ERISA and shall have responsibility for general administration of the Plan and carrying out its provisions. </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.2.<font style="margin-left:36pt;">&#8220;</font><font style="text-decoration:underline;">Affiliate</font>&#8221; means, with respect to any specified Person, another Person that directly or indirectly Controls or is Controlled by or under common Control with the Person specified. </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.3.<font style="margin-left:36pt;">&#8220;</font><font style="text-decoration:underline;">Affiliated Holders</font>&#8221; means, with respect to any specified natural Person, (i) such specified natural Person&#8217;s parents, spouse, siblings, descendants, step children, step grandchildren, nieces and nephews and their respective spouses, (ii) the estate, legatees and devisees of such specified natural person and each of the Persons referred to in clause (i) of this definition, and (iii) any company, partnership, trust or other entity or investment vehicle Controlled by such specified natural person or any of the Persons referred to in clause (i) or (ii) of this definition or the holding of which is for the primary benefit of such specified natural person or any of the persons referred to in clause (i) or (ii) of this definition.&nbsp;&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.4.<font style="margin-left:36pt;">&#8220;</font><font style="text-decoration:underline;">Base Salary</font>&#8221; means the Participant&#8217;s annual base salary rate in effect on his or her Termination Date. </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-inde