PRIVATE & CONFIDENTIAL February 11, 2011 Russell Hammer [personal address] Dear Russ:Cash Sign-on Bonus Agreement • November 4th, 2011 • Orbitz Worldwide, Inc. • Transportation services
This letter agreement will confirm certain terms and conditions relating to the cash sign-on bonus provided under the employment offer letter between you and Orbitz Worldwide, Inc. (the "Company") dated December 30, 2010 (the "Employment Letter Agreement"). Specifically, you are to receive a cash-sign-on bonus of up to $531,000, less applicable taxes, payable within thirty (30) days of your employment start date, subject to adjustment and full or partial repayment if you resign or are terminated by the Company for "Cause" (as defined in the Employment Letter Agreement) within two (2) years of your employment start date. This cash sign-on bonus is to make you "whole" to the extent you do not receive your 2010 bonus from Crocs Incorporated ("Crocs").
