SEC Contract Filing

Filing Date: 2015-03-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d882663dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AMENDED AND RESTATED EMPLOYMENT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) is entered into by and between Robert Dzielak (&#147;Executive&#148;) and Expedia, Inc., a
Delaware corporation (the &#147;Company&#148;), and is effective as of the date this Agreement is executed by Employee (the &#147;Effective Date&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to establish its right to the services of Executive, in the capacity described below, on the terms and conditions
hereinafter set forth, and Executive is willing to accept such employment on such terms and conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration
of the mutual agreements hereinafter set forth, Executive and the Company have agreed and do hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.A. <U>EMPLOYMENT</U>. The Company
agrees to employ Executive as Executive Vice President, General Counsel and Secretary of the Company; Executive accepts and agrees to such employment. During Executive&#146;s employment with the Company, Executive shall perform all services and acts
necessary or advisable to fulfill the duties and responsibilities as are commensurate and consistent with Executive&#146;s position and shall render such services on the terms set forth herein. During Executive&#146;s employment with the Company,
Executive shall report directly to the Chief Executive Officer of the Company or such person(s) as from time to time may be designated by the Company (hereinafter referred to as the &#147;Reporting Officer&#148;). Executive shall have such powers
and duties with respect to the Company as may reasonably be assigned to Executive by the Reporting Officer, to the extent consistent with Executive&#146;s position and status. Executive agrees to devote all of Executive&#146;s working time,
attention and efforts to the Company and to perform the duties of Executive&#146;s position in accordance with the Company&#146;s policies as in effect from time to time. Executive&#146;s principal place of employment shall be the Company&#146;s
offices located in Bellevue, Washington. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.A. <U>TERM OF AGREEMENT</U>. The term (&#147;Term&#148;) of this Agreement shall commence on the Effective
Date and shall continue through the third anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of Section&nbsp;1 of the Standard Terms and Conditions attached hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.A. <U>COMPENSATION</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>BASE
SALARY</U>. Commencing March&nbsp;1, 2015, and until the completion of the Term, the Company shall pay Executive an annualized base salary of $575,000.00 (the &#147;Base Salary&#148;), payable in equal biweekly installments or in accordance with the
Company&#146;s payroll practice as in effect from time to time. For all purposes under this Agreement, the term &#147;Base Salary&#148; shall refer to Base Salary as in effect from time to time. Not later than the first anniversary of the Effective
Date, the Base Salary shall be subject to review and increase at the discretion of the Company&#146;s Chief Executive Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
<U>DISCRETIONARY BONUS</U>. During the Term, Executive shall be eligible to receive discretionary annual bonuses with an annual target bonus equal to 100% of Base Salary<SUB STYLE="font-size:85%; vertical-align:bottom">;</SUB> with amounts, if any,
for any partial year payable on <I>a pro rata </I>basis (based on the number of days of employment during any such partial year relative to 365 days). Any such annual bonus shall be paid </P>

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not later than March&nbsp;15 of the calendar year immediately following the calendar year with respect to which such annual bonus relates (unless Executive has elected to defer receipt of such
bonus pursuant to an arrangement that meets the requirements of Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)). Not later than the first anniversary of the Effective Date, the annual bonus target
percentage shall be subject to review and increase at the discretion of the Company&#146;s Chief Executive Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>BENEFITS</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) Retirement and Welfare Plans. During the Term, from the Effective Date through the date of termination of
Executive&#146;s employment with the Company for any reason, Executive shall be entitled to participate in any welfare, health and life insurance and pension benefit