Amendment to Letter Agreement, dated October 3, 2012, between Orbitz Worldwide, Inc. and Roger Liew
Exhibit 10.61
Amendment to Letter Agreement, dated October 3, 2012, between Orbitz Worldwide, Inc. and Xxxxx Xxxx
October 3, 2012
Xxxxx Xxxx
Orbitz Worldwide
Dear Xxxxx:
We are pleased to inform you that the Compensation Committee has approved an increase in your compensation, effective September 27, 2012. In acknowledgement of the importance of your position to the company strategy and your critical contributions to Orbitz Worldwide, I am pleased to inform you that the following changes will be made to your current compensation:
Current | New | Increase | ||||
Base Salary | $300,000 | $350,000 | 16.7 | % | ||
Bonus Target % | 60 | % | 60 | % | ||
Target Cash Compensation | $480,000 | $560,000 | 16.7 | % |
Thank you for all of the hard work and commitment you have shown to the company since joining us. I look forward to your continued success in your role.
With best wishes,
/s/ Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
CEO
Accepted:
/s/ Xxxxx Xxxx | 10-08-2012 | |
Xxxxx Xxxx | Date |
cc: Xxxxx Xxxxxxxxx