TRIPADVISOR, INC. (NASDAQ:TRIP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
|–||A non-renewal of the Employment Agreement or expiration of the term will be treated as a Termination of Employment without Cause or resignation for Good Reason not in connection with a Change of Control, entitling Mr.Teunissen to benefits under his Employment Agreement.|
The foregoing description of the Amendments to Employment Agreements and equity awards is summary in nature and is qualified in their entirety by the text of the respective Amendments to Employment Agreements and equity award documents, all of which will be filed as exhibits to TripAdvisor’s Annual Report on Form 10-K for the year ended December31, 2017.
Terms not otherwise defined herein shall have the meaning ascribed to them in the Amendments to Employment Agreements, the underlying Employment Agreements and/or the equity award documents, as appropriate.
|Item 5.02.||Financial Statements and Exhibits.|
About TRIPADVISOR, INC. (NASDAQ:TRIP)
TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo. Its Other segment consists of three segments, which include Attractions, Restaurants and Vacation Rentals. The Company, through viator.com (Viator), provides information and services for researching and booking destination activities around the world. Its Restaurants business consists of its Websites that provide online and mobile reservation services. The Company offers individual property owners and property managers to list their properties available for rental and connect with travelers.