SEC Contract Filing

Filing Date: 2022-10-11

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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="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">October&nbsp;10, 2022 </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Michael Noonan </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Michael, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tripadvisor LLC, a Delaware limited liability company (the &#147;<U>Company</U>&#148;), is pleased to extend you this offer of employment as Senior Vice
President, Chief Financial Officer of Tripadvisor, Inc., a Delaware corporation (&#147;<U>Tripadvisor</U>&#148;) and its subsidiaries, which includes the Company, subject to the terms and conditions of employment described in this employment letter
agreement (this &#147;<U>Letter Agreement</U>&#148;). This offer may be accepted by countersigning where indicated at the end of this letter. This offer is contingent on satisfactory references, your satisfactory completion of our standard
background check and on you being legally authorized to work in the United States, as required under federal law. Until you have received verification from the Company that the background check contingencies described in this paragraph have been
met, we advise you not to resign from your current position. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are excited about the contributions that we expect you will make to the success of the
Company and would like your employment to begin as soon as possible. Accordingly, we and you mutually agree to a start date no later than October&nbsp;31, 2022 (the &#147;<U>Start Date</U>&#148;). You will report to Matt Goldberg, President and
Chief Executive Officer. Your principal place of employment shall be the Company&#146;s Needham, Massachusetts headquarters, although we understand that you may work in other locations at times, subject to agreement between you and the President and
Chief Executive Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Duties and Extent of Service.</U> As Senior Vice President, Chief Financial Officer for the Company, you will have
responsibility for performing those duties as are customary for, and are consistent with, such position, as well as those duties as the Company may from time to time designate. You agree to abide by the rules, regulations, instructions, personnel
practices and policies of the Company and any changes therein which may be adopted from time to time by the Company. You will be expected to devote your full business time and effort to the business and affairs of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Compensation.</U> In consideration of your employment with the Company, the Company will pay you a base salary of $525,000 per year, which equates to
approximately $20,192<I> </I>dollars <FONT STYLE="white-space:nowrap">bi-weekly,</FONT> representing payment for all hours worked by you for the Company, less applicable taxes and withholding, payable in accordance with the Company&#146;s standard
payroll practices.&nbsp;&nbsp;&nbsp;&nbsp;You will not be eligible for a merit increase until 2024. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">400 1st Avenue</TD>
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<TD VALIGN="top">Needham, MA 02494</TD>
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<TD VALIGN="top">+781 800 5000</TD>
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<TD VALIGN="top" ALIGN="right">tripadvisor.com</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You will also be eligible for an annual target bonus opportunity of 80% of your base salary, less applicable
taxes and withholding, subject to the achievement of individual and company objectives. These objectives are set unilaterally by the Company as part of its management authority and are subject to change at any time. If you begin employment with us
between January&nbsp;1 and October&nbsp;31, you will be eligible to earn a <FONT STYLE="white-space:nowrap">pro-rated</FONT> bonus based on the length of time that you have been employed with the Company during this calendar year. For 2022, your <FONT
STYLE="white-space:nowrap">pro-rated</FONT> bonus will be paid out at no less than $100,000, less applicable taxes and withholding. The Company may make adjustments in the targeted amount of your annual bonus in its discretion. Except for your <FONT
STYLE="white-space:nowrap">pro-rated</FONT> bonus for 2