May 12, 2004 Mr. Rakesh Gangwal Chairman, President and Chief Executive Officer Worldspan, L.P. 300 Galleria Parkway, N.W. Atlanta, Georgia 30339 Dear Rakesh:
Exhibit 10.78
May 12, 2004
Mr. Xxxxxx Xxxxxxx
Chairman, President and Chief Executive Officer
Worldspan, L.P.
000 Xxxxxxxx Xxxxxxx, X.X.
Xxxxxxx, Xxxxxxx 00000
Dear Rakesh:
Reference is made herein to the Employment Agreement (the “Agreement”), dated June 30, 2003, among Worldspan Technologies Inc. (formerly known as Travel Transaction Processing Corporation) (“Holding”), Worldspan, L.P. (the “Company”) and you (the “Executive”). Pursuant to the terms of this letter agreement, Holding, the Company and the Executive agree to amend the provisions of the Agreement, effective as of January 1, 2004, as set forth below.
1. Appendix A of the Agreement is hereby amended and restated in its entirety as follows:
“Target Bonus Tiers
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80% or less of Bonus Targets |
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— |
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0% of Target Bonus |
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90% of Bonus Targets |
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— |
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50% of Target Bonus |
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100% of Bonus Targets |
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— |
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100% of Target Bonus |
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110% of Bonus Targets |
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— |
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150% of Target Bonus |
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115% of Bonus Targets |
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— |
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200% of Target Bonus |
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120% or more of Bonus Targets |
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— |
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250% of Target Bonus” |
Except as otherwise provided in this letter agreement, the terms of the Agreement shall remain in full force and effect.
Sincerely,
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Worldspan Technologies Inc. |
Worldspan, L.P. |
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By: |
/s/ XXXXXXX X. XXXXX |
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By: |
/s/ XXXXXXX X. XXXXX |
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Xxxxxxx X. Xxxxx |
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Xxxxxxx X. Xxxxx |
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General Counsel, Secretary
and Senior Vice |
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General Counsel, Secretary
and Senior Vice |
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Acknowledged and Agreed:
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/s/ XXXXXX XXXXXXX |
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Xxxxxx Xxxxxxx |
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