SEC Contract Filing

Filing Date: 2018-05-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>trip-ex101_73.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;">Exhibit 10.1</p>
<p style="margin-top:0pt;text-align:center;margin-bottom:0pt;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:0%;">TRIPADVISOR, INC. OPTION AGREEMENT</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Domestic)</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M1"></a><a name="_DV_M3"></a><a name="_DV_M4"></a><a name="_DV_M5"></a>THIS OPTION AGREEMENT (this &#8220;Agreement&#8221;), dated as of the grant date specified on the Grant Details referenced below (the &#8220;Grant Date&#8221;), between TripAdvisor, Inc., a Delaware corporation (the &#8220;Company&#8221;), and the employee, director or consultant of the Comp<a name="_DV_M3"></a><a name="_DV_M4"></a><a name="_DV_M5"></a>any or one of its Affiliates or Subsidiaries designated on the Grant Details (as defined below) (the &#8220;Eligible Individual&#8221;), describes the terms of an award of an Option to the Eligible Individual by the Company (the &#8220;Award&#8221;).&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">All capitalized terms used herein, to the extent not defined, shall have the meanings set forth in the Company&#8217;s Amended and Restated 2011 Stock and Annual Incentive Plan or the Company&#8217;s 2018 Stock and Annual Incentive Plan, as appropriate (as either may be amended from time to time, the &#8220;Plan&#8221;).</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><font style="text-decoration:underline;">Award of Option</font></p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M6"></a>(a)<font style="margin-left:36pt;"></font>Subject to the terms and conditions of this Agreement, the Plan and the Grant Details, the Company hereby grants the Option to the Eligible Individual. Reference is made to the &#8220;Grant Details&#8221; that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the &#8220;Plan Administrator&#8221;), currently located at <font style="text-decoration:underline;">www.netbenefits.fidelity.com </font>(or any successor equity administration system selected by the Company to manage the Plan from time to time). The Grant Details, which set forth the number of Shares underlying the Option, the grant price which is the per Share exercise price of the Option, the Grant Date of the Option, and the vesting schedule of the Option (among other information), are hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.&nbsp;&nbsp; </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:36pt;"></font>The Option shall be a Nonqualified Option.&nbsp;&nbsp;Unless earlier terminated pursuant to the terms of this Agreement or the Plan, the Option shall expire on the ten-year anniversary of the Grant Date. </p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><a name="_DV_M10"></a><font style="text-decoration:underline;">Vesting </font></p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: norma