Travelzoo amends CEO Holger Bartel's employment; salary raised to $450,000 plus bonus up to $150,000

TRAVELZOO

Salary increased to $450,000; annual cash bonus opportunity up to $150,000 based on 3 strategic goals.
Each goal achievement earns $50,000; bonus determined and paid in Compensation Committee's discretion within 60 days after year-end.
Amendment approved unanimously by Compensation Committee of independent directors, advised by independent consultant.
No other provisions of the 2015 Employment Agreement were modified.

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