<SEC-DOCUMENT>0001193125-15-340346.txt : 20151008
<SEC-HEADER>0001193125-15-340346.hdr.sgml : 20151008
<ACCEPTANCE-DATETIME>20151008163300
ACCESSION NUMBER:		0001193125-15-340346
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151008
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151008
DATE AS OF CHANGE:		20151008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TripAdvisor, Inc.
		CENTRAL INDEX KEY:			0001526520
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				800743202
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35362
		FILM NUMBER:		151151088

	BUSINESS ADDRESS:	
		STREET 1:		400 1ST AVENUE
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-800-5800

	MAIL ADDRESS:	
		STREET 1:		400 1ST AVENUE
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d10829d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION 13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October&nbsp;8, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TRIPADVISOR, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-35362</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>80-0743202</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>400 1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> Avenue, Needham, MA 02494 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>781-800-5000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On October 8, 2015, TripAdvisor, LLC (the &#147;Company&#148;) announced that
Ernst Teunissen will join the Company as Senior Vice President and Chief Financial Officer effective November&nbsp;9, 2015 (the &#147;Effective Date&#148;). A copy of this press release is furnished as Exhibit 99.1 to this report. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Teunissen, age 49, served as Executive Vice President and Chief Financial Officer of Cimpress N.V., f/k/a Vistaprint N.V., since
March 2011, and Vice President, Corporate Strategy, from 2009 to 2011. Before joining Cimpress, Mr.&nbsp;Teunissen was a founder and director of two corporate finance and management consulting firms: Manifold Partners from May 2007 through
September&nbsp;2009 and ThreeStone Ventures Limited from June&nbsp;2003 through September&nbsp;2009. From August&nbsp;1999 to February&nbsp;2003, Mr.&nbsp;Teunissen served as an executive director in Morgan Stanley&#146;s Investment Banking Division
in London. Mr.&nbsp;Teunissen holds a Master of Business Administration degree from the University of Oregon and a Bachelor of Business Administration from Nijenrode University, The Netherlands School of Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with his appointment, on October&nbsp;6, 2015, the Company entered into an employment agreement (the &#147;Employment
Agreement&#148;) with Mr.&nbsp;Teunissen, to be effective on the Effective Date and expiring on March&nbsp;31, 2018 (the &#147;Term&#148;). The Employment Agreement provides that during the Term of his employment: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Mr. Teunissen will be paid an annual base salary of $425,000. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Mr. Teunissen will receive a signing bonus of $100,000, such amount to be repaid in full should Mr.&nbsp;Teunissen terminate his employment with the Company of his own volition other than for Good Reason (as defined in
the Employment Agreement) prior to completing 12 months of employment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Mr. Teunissen will be eligible for an annual bonus, subject to approval of the Company&#146;s Compensation Committee, with a target of 75% of base salary, although the bonus related to any partial year, including
calendar year 2015 shall be payable on a pro rata basis. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr. Teunissen will be eligible for annual equity grants pursuant to the Company&#146;s 2011 Stock and Annual Incentive Plan, as amended (the &#147;Stock Plan&#148;), subject to approval of the Company&#146;s
Compensation Committee, with an annual target of restricted stock units (&#147;RSUs&#148;) with an award value of $1,000,000 vesting equally over four years, in each case subject to Mr.&nbsp;Teunissen being continuously employed by the Company
through the applicable vesting date; provided that Mr.&nbsp;Teunissen will not be eligible for another grant of stock options for a period of four years from the Effective Date. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr. Teunissen will receive a one-time equity award of (i)&nbsp;a stock option with a grant date value of $5,000,000, such option to vest over a four-year period, with 50% vesting on the third anniversary of the
Effective Date and 50% vesting on the fourth anniversary of the Effective Date, and (ii)&nbsp;RSUs with an award value of $2,000,000, with 50% of such RSUs vesting on the first anniversary of the Effective Date and 50% of such RSUs vesting on the
second anniversary of the Effective Date. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top">In the event that, prior to the expiration of the Term, Mr.&nbsp;Teunissen is terminated by the Company without Cause (as defined in the Employment Agreement) or resigns for Good Reason, in either case subject to the
execution and non-revocation of a separation and release and compliance with the restrictive covenants described below, then: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">The Company will continue to pay Mr.&nbsp;Teunissen&#146;s base salary through the longer of (i)&nbsp;the end of the Term and (ii)&nbsp;12 months following the date of termination (provided that such payments will be
offset by any amount earned from another employer during such time period); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top">The Company will pay COBRA health insurance coverage for Mr.&nbsp;Teunissen and his eligible dependents through the longer of the end of the Term and 12 months following the date of termination; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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<TD ALIGN="left" VALIGN="top">The Company will pay Mr.&nbsp;Teunissen any accrued obligations in a lump sum; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">The Company will consider in good faith the payment of an annual cash bonus on a pro rata basis and based on actual performance for the year in which termination of employment occurs; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">All equity awards held by Mr.&nbsp;Teunissen that otherwise would have vested during the 12-month period following termination of employment, will accelerate and become fully vested and exercisable (provided that equity
awards that vest less frequently than annually shall be treated as though such awards vested annually); and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="14%">&nbsp;</TD>
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<TD ALIGN="left" VALIGN="top">The vested stock options of Mr.&nbsp;Teunissen will remain exercisable for 18 months following the date of termination or, if earlier, through the expiration date. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">In the event that, prior to the expiration of the Term, Mr.&nbsp;Tenuissen is terminated by the Company for Cause or resigns without Good Reason, Mr.&nbsp;Teunissen will receive any accrued obligations in a lump sum and
be eligible to take all proper actions with respect to the equity awards vested as of the date of termination. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon the
expiration of the Term and subject to certain conditions, if the Company determines not to renew the Employment Agreement on substantially the same terms (except for the provisions regarding the initial equity grants), the initial stock option
described above will be treated as though such option vested annually pro rata over the vesting period and such portion of the stock option that would have vested through the expiration date of the term shall vest and remain exercisable for 18
months following the date of the non-renewal or, if earlier, through the expiration date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Teunissen has agreed to be restricted
from competing with the Company or any of its subsidiaries or affiliates, or soliciting their employees, consultants, independent contractors, customers, suppliers or business partners, among others, from the Effective Date through the longer of
(i)&nbsp;the Term and (ii)&nbsp;12 months after the termination of employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since January&nbsp;1, 2014, Mr.&nbsp;Teunissen has not
been a participant in any transaction, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000. There are no family relationships between Mr.&nbsp;Teunissen and any other
director or executive officer of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Employment Agreement is summary in nature and is qualified
in its entirety by the text of the Employment Agreement, which is attached hereto as Exhibit 10.1 and which is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to General Instruction B.2. to Form 8-K, the information set forth in Exhibit 99.1 shall not be deemed &#147;filed&#148; for purposes
of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933,
as amended (the &#147;Securities Act&#148;), or the Exchange Act, except as expressly set forth by specific reference in such a filing. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="12%" VALIGN="top" ALIGN="left">Item&nbsp;9.01</TD>
<TD ALIGN="left" VALIGN="top">Financial Statements and Exhibits. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment Agreement, dated as of October 6, 2015, between TripAdvisor, LLC and Ernst Teunissen</TD></TR>
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<TD HEIGHT="8"></TD>
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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release of TripAdvisor, Inc. dated October 8, 2015</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>TRIPADVISOR, INC.</B></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dated: October&nbsp;8, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Seth J. Kalvert</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Seth J. Kalvert</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, General</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Counsel and Secretary</TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>EMPLOYMENT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS EMPLOYMENT AGREEMENT (&#147;Agreement&#148;) is entered into by and between Ernst Teunissen (&#147;Executive&#148;) and TripAdvisor, LLC,
a Delaware limited liability company (the &#147;Company&#148;), dated as of October&nbsp;6, 2015 and effective as of November&nbsp;9, 2015 (the &#147;Effective Date&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company desires to establish its right to the services of Executive, in the capacity described below, on the terms and conditions
hereinafter set forth, and Executive is willing to accept such employment on such terms and conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration
of the mutual agreements hereinafter set forth, Executive and the Company have agreed and do hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1A.
<U>EMPLOYMENT</U>. The Company agrees to employ Executive as Senior Vice President and Chief Financial Officer of the Company and Executive accepts and agrees to such employment. During Executive&#146;s employment with the Company, Executive shall
perform all services and acts necessary or advisable to fulfill the duties and responsibilities as are commensurate and consistent with Executive&#146;s position and shall render such services on the terms set forth herein. During Executive&#146;s
employment with the Company, Executive shall report directly to the Chief Executive Officer of the Company or such other person(s) as may be temporarily designated by the Company (hereinafter referred to as the &#147;Reporting Officer&#148;).
Executive shall have such powers and duties with respect to the Company as may reasonably be assigned to Executive by the Reporting Officer, to the extent consistent with Executive&#146;s position and status. Executive agrees to devote substantially
all of Executive&#146;s working time, attention and efforts to the Company and shall perform the duties of Executive&#146;s position in accordance with the Company&#146;s policies as in effect from time to time. Executive&#146;s principal place of
employment shall be the Company&#146;s offices located in Needham, Massachusetts and at such time, any successor headquarters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2A.
<U>TERM OF AGREEMENT</U>. The term (the &#147;Term&#148;) of this Agreement shall commence on the Effective Date and shall continue through March&nbsp;31, 2018, unless sooner terminated in accordance with the provisions of Section&nbsp;1 of the
Standard Terms and Conditions attached hereto. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3A. <U>COMPENSATION</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>BASE SALARY</U>. During the Term, the Company shall pay Executive an annual base salary of $425,000 (the &#147;Base Salary&#148;),
payable in equal biweekly installments or in accordance with the Company&#146;s payroll practice as in effect from time to time. For all purposes under this Agreement, the term &#147;Base Salary&#148; shall refer to Base Salary as in effect from
time to time. Executive&#146;s Base Salary shall be reviewed at least annually by the Compensation Committee of the Board of Directors of TripAdvisor, Inc. (the &#147;Compensation Committee&#148;) and may be increased but not decreased. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>ANNUAL BONUS</U>. During the Term, Executive shall be eligible to receive annual bonuses, as determined by, and at the sole discretion
of, the Compensation </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Committee, with an annual target bonus equal to 75% of Base Salary, with amounts, if any, for any partial year (including the period between the Effective Date and December&nbsp;31, 2015) payable
on a <I>pro rata</I> basis. Any such annual bonus shall be paid not later than March&nbsp;15 of the calendar year immediately following the calendar year with respect to which such annual bonus relates (unless Executive has elected to defer receipt
of such bonus pursuant to an arrangement that meets the requirements of Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>ANNUAL EQUITY GRANTS</U>. During the Term, Executive shall be eligible to receive annual equity grants pursuant to the TripAdvisor,
Inc. 2011 Stock and Annual Incentive Plan, as amended (the &#147;2011 Plan&#148;), as determined by, and at the sole discretion of, the Compensation Committee, with an annual target of restricted stock units (&#147;RSUs&#148;) covering shares of
TripAdvisor, Inc. common stock (&#147;Common Stock&#148;) with an award value of $1,000,000, vesting equally over a period of four years. While the Company typically makes annual equity grants of options to purchase shares of Common Stock
(&#147;Stock Options&#148;) and RSUs to its executive officers, in recognition of the size of the initial equity grant described in Section&nbsp;5A below, Executive acknowledges and agrees that he will not be eligible for another grant of Stock
Options during the Term and for a period of four years from the Effective Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>BENEFITS</U>. During the Term, from the Effective
Date through the date of termination of Executive&#146;s employment with the Company for any reason, Executive shall be entitled to participate in any welfare, health and life insurance and pension benefit and incentive programs as may be adopted
from time to time by the Company on the same basis as that provided to senior executives of the Company generally. Without limiting the generality of the foregoing, Executive shall be entitled to the following benefits: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <U>Reimbursement for Business Expenses</U>. During the Term, the Company shall reimburse Executive for all reasonable and
necessary expenses incurred by Executive in performing Executive&#146;s duties for the Company, on the same basis as senior executives of the Company generally and in accordance with the Company&#146;s policies as in effect from time to time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <U>Vacation</U>. During the Term, Executive shall be entitled to annual paid vacation in accordance with the plans,
policies, programs and practices of the Company applicable to senior executives of the Company generally. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4A. <U>SIGN ON BONUS</U>. In
addition, Executive shall be entitled to receive a one-time lump sum signing bonus of $100,000, payable with Executive&#146;s first regular paycheck. The signing bonus will be reported as income and payroll taxes will be withheld. Should Executive
terminate his employment with the Company of his own volition other than for Good Reason prior to completing 12 months of employment from the Effective Date, Executive will be required to repay the $100,000 in full. By signature below, Executive
authorizes the Company to withhold this amount from any monies the Company owes Executive in the event the signing bonus becomes repayable under this paragraph and, if applicable, Executive will be responsible for the Company&#146;s fees and costs
associated with recovering any such amounts due more than 30 days after employment ends. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5A. <U>INITIAL EQUITY GRANT</U>. The Company shall award to the Executive a one-time grant
pursuant to the 2011 Plan (such award is anticipated to have a grant date of December&nbsp;1, 2015), of: (i)&nbsp;a Stock Option with a grant date value of $5,000,000 (as calculated below), such option to vest over a four-year period, with 50%
vesting on the third anniversary of the Effective Date, and 50% vesting on the fourth anniversary of the Effective Date, and (ii)&nbsp;RSUs with an award value of $2,000,000, with 50% of such RSUs vesting on the first anniversary of the Effective
Date and 50% of such RSUs vesting on the second anniversary of the Effective Date, in each case subject to the Executive being continuously employed by the Company through the applicable vesting date. The number of shares of Common Stock underlying
the Stock Option granted herein will be determined by dividing the award value of $5,000,000 by the Black-Scholes value of a stock option to acquire one share of Common Stock (as determined by TripAdvisor, Inc., in its sole discretion, but
consistent with its determination of value for Stock Option grants to other executives, using the closing price of the Common Stock (and other Black-Scholes input variables measured) on the date of grant, rounded down to the nearest whole number).
The per share exercise price of the Stock Option will be equal to the closing market price of one share of Common Stock on the date of grant. The number of RSUs granted will be determined based on the award value of $2,000,000 divided by the closing
price of Common Stock on the date of grant, rounded down to the nearest whole share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6A. <U>NOTICES</U>. All notices and other
communications under this Agreement shall be in writing and shall be given by first-class mail, certified or registered with return receipt requested, by reputable overnight courier service (charges prepaid) or hand delivery acknowledged in writing
by the recipient personally, and shall be deemed to have been duly given three days after mailing or immediately upon duly acknowledged hand delivery to the respective persons named below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">If&nbsp;to&nbsp;the&nbsp;Company:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">400 1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> Avenue</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Needham, MA 02494</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Attention: General Counsel</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD VALIGN="top">If&nbsp;to&nbsp;Executive:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">At the most recent address on record at the Company for Executive.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Either party may change such party&#146;s address for notices by notice duly given pursuant hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7A. <U>GOVERNING LAW; JURISDICTION</U>. This Agreement and the legal relations thus created between the parties hereto shall be governed by
and construed under and in accordance with the internal laws of the Commonwealth of Massachusetts without reference to the principles of conflicts of laws. Any and all disputes between the parties which may arise pursuant to this Agreement will be
heard and determined before an appropriate federal court in Massachusetts, or, if not maintainable therein, then in an appropriate Massachusetts state court. The parties acknowledge that such courts have jurisdiction to interpret and enforce the
provisions of this Agreement, and the parties consent to, and waive any and all objections that they may have as to, personal jurisdiction and/or venue in such courts. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8A. <U>COUNTERPARTS</U>. This Agreement may be executed in several counterparts, each of which
shall be deemed to be an original but all of which together will constitute one and the same instrument. Executive and the Company expressly understand and acknowledge that the Standard Terms and Conditions attached hereto are incorporated herein by
reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to &#147;this Agreement&#148; or the use of the term &#147;hereof&#148; shall refer to this Agreement and the Standard Terms and
Conditions attached hereto, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company has caused this Agreement to be executed and delivered by
its duly authorized officer and Executive has executed and delivered this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TRIPADVISOR, LLC </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stephen Kaufer</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Stephen Kaufer</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CEO</P></TD></TR></TABLE>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Ernst Teunissen</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ernst Teunissen</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STANDARD TERMS AND CONDITIONS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>TERMINATION OF EXECUTIVE&#146;S EMPLOYMENT</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>DEATH</U>. Upon termination of Executive&#146;s employment prior to the expiration of the Term by reason of Executive&#146;s death, the
Company shall pay the duly appointed representative of the Executive&#146;s estate, within 30 days of Executive&#146;s death in a lump sum in cash, (i)&nbsp;Executive&#146;s Base Salary from the date of Executive&#146;s death through the end of the
month in which Executive&#146;s death occurs and (ii)&nbsp;any Accrued Obligations (as defined in Section&nbsp;1(g) below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
<U>DISABILITY</U>. If, as a result of Executive&#146;s incapacity due to physical or mental illness (&#147;Disability&#148;), Executive shall have been absent from the full-time performance of Executive&#146;s duties with the Company for a period of
four consecutive months and, within 30 days after written notice is provided to Executive by the Company (in accordance with Section&nbsp;6A of the Employment Agreement), Executive shall not have returned to the full-time performance of
Executive&#146;s duties, Executive&#146;s employment under this Agreement may be terminated by the Company for Disability. During any period prior to such termination during which Executive is absent from the full-time performance of
Executive&#146;s duties with the Company due to Disability, the Company shall continue to pay Executive&#146;s Base Salary at the rate in effect at the commencement of such period of Disability, offset by any amounts payable during such period to
Executive under any disability insurance plan or policy provided by the Company. Pursuant to the terms of the 2011 Plan, any equity awards issued pursuant to the 2011 Plan shall continue to vest until a Termination of Employment (as defined in the
2011 Plan). Upon termination of Executive&#146;s employment due to Disability, the Company shall pay Executive within 30 days of such termination (i)&nbsp;Executive&#146;s Base Salary through the end of the month in which Executive&#146;s
termination of employment for Disability occurs in equal biweekly installments, offset by any amounts payable to Executive under any disability insurance plan or policy provided by the Company; and (ii)&nbsp;any Accrued Obligations in a lump sum in
cash. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>TERMINATION FOR CAUSE; RESIGNATION WITHOUT GOOD REASON</U>. The Company may terminate Executive&#146;s employment under this
Agreement with or without Cause at any time and Executive may resign under this Agreement with or without Good Reason at any time. As used herein, &#147;Cause&#148; shall mean: (i)&nbsp;the plea of guilty or nolo contendere to, or conviction for, a
felony offense by Executive; <U>provided</U>, <U>however</U>, that after indictment, the Company may suspend Executive from the rendition of services, but without limiting or modifying in any other way the Company&#146;s obligations under this
Agreement; (ii)&nbsp;a material breach by Executive of a fiduciary duty owed to TripAdvisor, Inc., the parent company of the Company (&#147;TripAdvisor&#148;), the Company or any of its subsidiaries; (iii)&nbsp;a material breach by Executive of any
of the covenants made by Executive in Section&nbsp;2 hereof (iv)&nbsp;the willful or gross neglect by Executive of the material duties required by this Agreement; or (v)&nbsp;a knowing and material violation by Executive of any TripAdvisor or
Company policy pertaining to ethics, legal compliance, wrongdoing or conflicts of interest that, in the case of the conduct described in clauses (iv)&nbsp;or (v)&nbsp;above, if curable, is not cured by Executive within 30 days after Executive is
provided with written notice thereof. Upon Executive&#146;s (A)&nbsp;termination of employment by the Company for Cause prior to the expiration of the Term or (B)&nbsp;resignation without Good Reason prior to the expiration of the Term, this
Agreement shall terminate without further obligation by </P>
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the Company, except for (i)&nbsp;the payment of any Accrued Obligations in a lump sum in cash within 30 days of such termination and (ii)&nbsp;the taking of all proper action required to be taken
with respect to the Equity Awards vested as of the date of such termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>TERMINATION BY THE COMPANY WITHOUT CAUSE OR
RESIGNATION BY EXECUTIVE FOR GOOD REASON</U>. Upon termination of Executive&#146;s employment prior to the expiration of the Term by the Company without Cause (other than for death or Disability) or by Executive for Good Reason (as defined below),
then: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) the Company shall continue to pay Executive the Base Salary through the longer of (x)&nbsp;the end of the Term
over the course of the then remaining Term, and (y)&nbsp;12 months following such termination date (such period, the &#147;Salary Continuation Period&#148; and such payments, the &#147;Cash Severance Payments&#148; in either case) payable in equal
biweekly installments and the Company shall pay in cash to Executive (within 10 business days of each applicable monthly period) for each month between the date of termination and the end of the Salary Continuation Period an amount equal to the
premiums charged by the Company to maintain COBRA benefits continuation coverage for Executive and Executive&#146;s eligible dependents to the extent such coverage is then in place; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) the Company shall pay Executive within 30 days of the date of such termination in a lump sum in cash any Accrued
Obligations; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) the Company will consider in good faith the payment of an annual bonus on a <I>pro rata </I>basis for
the year in which the Termination of Employment occurs, any such payment to be paid (if at all) based on actual performance during the year in which termination has occurred and based on the number of days of employment during such year relative to
365 days (payable in a lump sum at the time such annual bonus would otherwise have been paid), provided that if any such termination occurs after the Compensation Committee has approved an annual cash bonus but prior to the payment thereof, the
Company shall pay Executive such approved bonus amount, to be made in the ordinary course with other senior executives of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) any compensation awards of Executive based on, or in the form of, TripAdvisor equity (e.g. restricted stock, restricted
stock units, stock options or similar instruments) (&#147;Equity Awards&#148;) that are outstanding and unvested at the time of such termination but which would, but for a termination of employment, have vested during the 12 months following such
termination (such period, the &#147;Equity Acceleration Period&#148;) shall vest (and, with respect to awards other than stock options and stock appreciation rights, settle) as of the date of such termination of employment; <U>provided</U> that any
outstanding Equity Award with a vesting schedule that would, but for a termination of employment, have resulted in a smaller percentage (or none) of the Equity Award being vested through the end of such Equity Acceleration Period than if it vested
annually pro rata over its vesting period shall, for purposes of this provision, be treated as though it vested annually pro rata over its vesting period (e.g., if 100 restricted stock units (&#147;RSUs&#148;) were granted 2.7 years prior to the
date of the termination and vested pro rata on each of the first five anniversaries of the grant date and 100 RSUs were granted 1.7 </P>
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years prior to the date of termination and vested 100% on the fifth anniversary of the grant date, then on the date of termination 20 RSUs from the first award and 40 RSUs from the second award
would vest and settle); <U>provided</U> <U>further</U> that any amount that would vest under this provision but for the fact that outstanding performance conditions have not been satisfied shall vest (and, with respect to awards other than stock
options and stock appreciation rights, settle) only if, and at such point as, such performance conditions are satisfied; and <U>provided</U> <U>further</U> that if any Equity Awards made subsequent to the Effective Date of this Agreement specifies a
more favorable post-termination vesting schedule for such equity, the terms of the award agreement for such Equity Award shall govern; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) any then vested options of Executive (including options vesting as a result of (iv)&nbsp;above) to purchase TripAdvisor
equity, shall remain exercisable through the date that is 18 months following the date of such termination or, if earlier, through the scheduled expiration date of such options. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The expiration of the Term shall not give rise to any payment to Executive or acceleration obligation under this Section&nbsp;1(d). The
payment to Executive of the severance pay or benefits described in Section&nbsp;1(d) (other than any Accrued Obligations) is contingent upon Executive signing and not revoking a separation and release of the Company and its affiliates in a form
substantially similar to that used for senior executives of the Company (the &#147;Release&#148;), and Executive&#146;s compliance with the restrictive covenants set forth in Section&nbsp;2 (other than any non-compliance that is immaterial, does not
result in harm to the Company or its affiliates, and, if curable, is cured by Executive promptly after receipt of notice thereof given by the Company). The Release shall be delivered by the Company to the Executive within ten (10)&nbsp;days
following Executive&#146;s employment termination date and must become effective no later than sixty (60)&nbsp;days following Executive&#146;s employment termination date or such earlier date required by the Release (such deadline, the &#147;Release
Deadline&#148;). If the Release does not become effective by the Release Deadline, Executive will forfeit any rights to severance. In no event will severance payments or benefits (other than any Accrued Obligations) be paid or provided until the
Release becomes effective and irrevocable but in no event shall Executive forfeit Equity Awards that had vested through the date of expiration of the Term other than the Equity Awards for which the vesting was accelerated pursuant to Section&nbsp;1
of these terms and conditions. Upon the Release becoming effective and irrevocable, any payments delayed from the date Executive terminates employment through the effective date of the Release will be payable in a lump sum without interest as soon
as administratively practicable after the Release Deadline and all other amounts will be payable in accordance with the payment schedule applicable to each payment or benefit. In the event the termination occurs at a time during the calendar year
where the Release could become effective in the calendar year following the calendar year in which Executive&#146;s termination occurs, then any severance payments or benefits that would be considered Deferred Payments (as defined below) will
commence to be paid on the first payroll date to occur during the calendar year following the calendar year in which such termination occurs, or, if later, the Release Deadline. Executive acknowledges and agrees that the Company&#146;s payment of
severance pay and benefits (except Accrued Obligations) constitutes good and valuable consideration for such Release. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used herein, &#147;Good Reason&#148; shall mean the occurrence of any of the following without
Executive&#146;s prior written consent: (A)&nbsp;the Company&#146;s material breach of any material provision of this Agreement, (B)&nbsp;the material reduction in Executive&#146;s title, duties, reporting responsibilities or level of
responsibilities as Senior Vice President and Chief Financial Officer of the Company, (C)&nbsp;the material reduction in Executive&#146;s Base Salary or Executive&#146;s total annual compensation opportunity, or (D)&nbsp;the relocation of
Executive&#146;s principal place of employment more than 20 miles outside the Boston metropolitan area, <U>provided</U> that in no event shall Executive&#146;s resignation be for &#147;Good Reason&#148; unless (x)&nbsp;an event or circumstance set
forth in clauses (A)&nbsp;through (D)&nbsp;shall have occurred and Executive provides the Company with written notice thereof within 30 days after Executive has knowledge of the occurrence or existence of such event or circumstance, which notice
specifically identifies the event or circumstance that Executive believes constitutes Good Reason, (y)&nbsp;the Company fails to correct the circumstance or event so identified within 30 days after receipt of such notice, and (z)&nbsp;Executive
resigns within 90 days after the date of delivery of the notice referred to in clause (x)&nbsp;above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>NON-RENEWAL BY THE COMPANY
OF THE AGREEMENT</U>. Upon expiration of the Term, if the Company determines not to renew the Agreement on substantially the same annual base salary, annual bonus target and contractual terms provided herein (and without respect to an initial equity
grant similar to the one described in Section&nbsp;5A of the Employment Agreement), then the Stock Option issued as described in Section&nbsp;5A shall, for purposes of this provision, be treated as though such option vested annually pro rata over
the vesting period and such portion of the Stock Option that would have vested through the expiration of the Term shall vest and become exercisable. In addition, any then-vested Stock Options of Executive shall remain exercisable through the date
that is 18 months following the date of such non-renewal or, if earlier, through the scheduled expiration date of such options. The benefits provided by the Company pursuant to this Section&nbsp;1(e) shall be contingent upon Executive&#146;s
execution and non-revocation of a Release, on terms set forth in Section&nbsp;1(d), and Executive&#146;s compliance with the restrictive covenants set forth in Section&nbsp;2 (other than any non-compliance that is immaterial, does not result in harm
to the Company or its affiliates, and, if curable, is cured by Executive promptly after receipt of notice thereof given by the Company). Executive acknowledges and agrees that the Company&#146;s provision of such benefits constitutes good and
valuable consideration for such Release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>OFFSET</U>. If Executive obtains other employment during the Salary Continuation Period,
any payments (other than Accrued Obligations) to be made to Executive under Section&nbsp;1(d) after the date such employment is secured shall be offset by the amount of any cash compensation earned by Executive from such employment during the Salary
Continuation Period. For purposes of this Section&nbsp;1(f), Executive shall have an obligation to inform the Company regarding Executive&#146;s employment status following termination and during the Salary Continuation Period, but shall have no
affirmative duty to seek alternate employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) <U>ACCRUED OBLIGATIONS</U>. As used in this Agreement, &#147;Accrued Obligations&#148;
shall mean the sum of (i)&nbsp;any portion of Executive&#146;s accrued and earned but unpaid Base Salary through the date of death or termination of employment for any reason, as the case may be; (ii)&nbsp;any compensation previously earned but
deferred by Executive (together with any interest or earnings thereon) that has not yet been paid and that is not otherwise paid at a later date pursuant to any deferred compensation arrangement of the Company to which Executive is a
</P>
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party, if any (provided, that any election made by Executive pursuant to any deferred compensation arrangement that is subject to Section&nbsp;409A regarding the schedule for payment of such
deferred compensation shall prevail over this Section&nbsp;1(g) to the extent inconsistent herewith); and (iii)&nbsp;other than in the event of Executive&#146;s resignation without Good Reason or termination by the Company for Cause (except as
required by applicable law), any portion of Executive&#146;s accrued but unpaid vacation pay through the date of death or termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) <U>OTHER BENEFITS</U>. Upon any termination of Executive&#146;s employment prior to the expiration of the Term, Executive shall remain
entitled to receive any vested benefits or amounts that Executive is otherwise entitled to receive under any plan, policy, practice or program of, or any other contract or agreement with, the Company in accordance with the terms thereof (other than
any such plan, policy, practice or program of the Company that provides benefits in the nature of severance or continuation pay). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)
<U>SECTION 409A</U>. This Agreement is intended to comply with Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), including any regulations and guidance issued thereunder (&#147;Section 409A&#148;), to the
extent Section&nbsp;409A is applicable to this Agreement. Notwithstanding any other provision of this Agreement to the contrary, this Agreement shall be interpreted, operated and administered by the Company in a manner consistent with such intention
and to avoid the pre-distribution inclusion in income of amounts deferred under this Agreement and the imposition of any additional tax or interest with respect thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding the preceding provisions of Section&nbsp;1(d), in the event that Executive is a &#147;specified employee&#148; (within the
meaning of Section&nbsp;409A) on the date of termination of Executive&#146;s employment with the Company and the Cash Severance Payments payable within the first six months following such date (the &#147;Initial Payment Period&#148;) exceed the
amount referenced in Treas. Regs. Section&nbsp;1.409A-1(b)(9)(iii)(A) (the &#147;Limit&#148;), then (1)&nbsp;any portion of the Cash Severance Payments that is a &#147;short-term deferral&#148; within the meaning of Treas. Regs.
Section&nbsp;1.409A-1(b)(4)(i) shall be paid at the times set forth in Section&nbsp;1(d) as applicable, (2)&nbsp;any portion of the Cash Severance Payments (in addition to the amounts contemplated by the immediately preceding clause (1))&nbsp;that
is payable during the Initial Payment Period that does not exceed the Limit shall be paid at the times set forth in Section&nbsp;1(d), as applicable, (3)&nbsp;any portion of the Cash Severance Payments that exceeds the Limit and is not a
&#147;short-term deferral&#148; (&#147;Deferred Payments) (and would have been payable during the Initial Payment Period but for the Limit) shall be paid, with Interest, on the first business day of the first calendar month that begins after the
six-month anniversary of Executive&#146;s &#147;separation from service&#148; (within the meaning of Section&nbsp;409A) and (4)&nbsp;any portion of the Cash Severance Payments that is payable after the Initial Payment Period shall be paid at the
times set forth in Section&nbsp;1(d), as applicable. For purposes of this Agreement, &#147;Interest&#148; shall mean interest at the applicable federal rate provided for in Section&nbsp;7872(f)(2)(A) of the Code, from the date on which payment would
otherwise have been made but for any required delay through the date of payment, and each installment of Cash Severance Payment payable under Section&nbsp;1(d) is intended to constitute a separate payment for the purposes of Treas. Regs.
Section&nbsp;1.409A-2(b)(2). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall
be provided by the Company or incurred by Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of
the taxable year following the taxable year in which the expense was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses
eligible for reimbursement in any other taxable year (except for any lifetime or other aggregate limitation applicable to medical expenses). Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another
benefit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) <U>SECTION 280G</U>. Notwithstanding any other provisions of this Agreement, or any other plan, arrangement or agreement to
the contrary, if any of the payments or benefits provided or to be provided by the Company or its affiliates to Executive or for Executive&#146;s benefit pursuant to the terms of this Agreement or otherwise (&#147;Covered Payments&#148;) constitute
&#147;parachute payments&#148; within the meaning of Section&nbsp;280G of the Code and would, but for this Section&nbsp;1(j) be subject to the excise tax imposed under Section&nbsp;4999 of the Code (or any successor provision thereto) or any similar
tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively, the &#147;Excise Tax&#148;), then the following shall apply: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) If the Covered Payments, reduced by the sum of (1)&nbsp;the Excise Tax and (2)&nbsp;the total of the Federal, state, and
local income and employment taxes payable by Executive on the amount of the Covered Payments which are in excess of three times Executive&#146;s &#147;base amount&#148; within the meaning of Section&nbsp;280(G) of the Code less one dollar (the
&#147;Threshold Amount&#148;), are greater than or equal to the Threshold Amount, Executive shall be entitled to the full benefits payable under this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) If the Threshold Amount is less than (1)&nbsp;the Covered Payments, but greater than (2)&nbsp;the Covered Payments reduced
by the sum of (x)&nbsp;the Excise Tax and (y)&nbsp;the total of the Federal, state, and local income and employment taxes on the amount of the Covered Payments which are in excess of the Threshold Amount, then the Covered Payments shall be reduced
(but not below zero) to the extent necessary so that the sum of all Covered Payments shall not exceed the Threshold Amount. In such event, the Covered Payments shall be reduced in the following order: (A)&nbsp;cash payments not subject to
Section&nbsp;409A; (B)&nbsp;cash payments subject to Section&nbsp;409A; (C)&nbsp;equity-based payments and acceleration; and (D)&nbsp;non-cash forms of benefits. To the extent any payment is to be made over time (e.g., in installments, etc.), then
the payments shall be reduced in reverse chronological order. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The determination as to which of the alternative provisions of
Section&nbsp;1(j) shall apply to Executive shall be made by a nationally recognized accounting firm selected by the Company (the &#147;Accounting Firm&#148;), which shall provide detailed supporting calculations both to the Company and Executive
within 15 business days of the date of termination, if applicable, or at such earlier time as is reasonably requested by the Company or Executive. For purposes of determining which of the alternative provisions of Section&nbsp;1(j) shall apply,
Executive shall be </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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deemed to pay Federal income taxes at the highest marginal rate of Federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and
local income taxes at the highest marginal rates of individual taxation in the state and locality of Executive&#146;s residence on the date of termination, net of the maximum reduction in Federal income taxes which could be obtained from deduction
of such state and local taxes. Any determination by the Accounting Firm shall be binding upon the Company and Executive. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.
<U>CONFIDENTIAL INFORMATION; NON-COMPETITION; NON-SOLICITATION; AND PROPRIETARY RIGHTS</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>CONFIDENTIALITY</U>. Executive
acknowledges that while employed by the Company Executive will occupy a position of trust and confidence. The Company has provided and shall continue to provide Executive with Confidential Information. Executive shall hold in a fiduciary capacity
for benefit of the Company and its subsidiaries and affiliates, and shall not, except as may be required to perform Executive&#146;s duties hereunder or as required by applicable law, without limitation in time, communicate, divulge, disseminate,
disclose to others or otherwise use, whether directly or indirectly, any Confidential Information. &#147;Confidential Information&#148; shall mean information about the Company or any of its subsidiaries or affiliates, and their respective
businesses, employees, consultants, contractors, suppliers, clients and customers that is not disclosed by the Company or any of its subsidiaries or affiliates for financial reporting purposes and that was learned by Executive in the course of
employment by the Company or any of its subsidiaries or affiliates, including (without limitation) any proprietary knowledge, trade secrets, data, formulae, processes, methods, research, secret data, costs, names of users or purchasers of their
respective products or services, business methods, operating procedures or programs or methods of promotion and sale, information relating to accounting or tax strategies and data, information and client and customer lists and all papers, resumes,
and records (including computer records) of the documents containing such Confidential Information. For purposes of this Section&nbsp;2(a), information shall not cease to be Confidential Information merely because it is embraced by general
disclosures for financial reporting purposes or because individual features or combinations thereof are publicly available. Notwithstanding the foregoing provisions, if Executive is required to disclose any such confidential or proprietary
information pursuant to applicable law or a subpoena or court order, Executive shall promptly notify the Company in writing of any such requirement so that the Company may seek an appropriate protective order or other appropriate remedy or waive
compliance with the provisions hereof. Executive shall reasonably cooperate with the Company to obtain such a protective order or other remedy. If such order or other remedy is not obtained prior to the time Executive is required to make the
disclosure, or the Company waives compliance with the provisions hereof, Executive shall disclose only that portion of the confidential or proprietary information which he is advised by counsel that he is legally required to so disclose. Executive
acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company and its subsidiaries or affiliates, and that such information gives the Company and its subsidiaries or affiliates a competitive
advantage. Executive agrees to deliver or return to the Company, at the Company&#146;s request at any time or upon termination or expiration of Executive&#146;s employment, all documents, computer tapes and disks, plans, initiatives, strategies,
records, lists, data, drawings, prints, notes and written information (and all copies thereof) created by or on behalf of the Company or its subsidiaries or affiliates or prepared by Executive in the course of Executive&#146;s employment by the
Company </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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and its subsidiaries or affiliates. As used in this Agreement, &#147;subsidiaries&#148; and &#147;affiliates&#148; shall mean any company that directly or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with the Company. The term control (including the terms controlling, controlled by and under common control with) means the possession, direct or indirect, of the power to direct
or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>NON-COMPETITION</U>. In consideration of the Company&#146;s promise to disclose, and disclosure of, its Confidential Information and
other good and valuable consideration provided hereunder, the receipt and sufficiency of which are hereby acknowledged by Executive, Executive hereby agrees and covenants that from the date hereof and until the longer of (i)&nbsp;the last day of the
Term and (ii)&nbsp;a period of 12 months beyond Executive&#146;s date of termination of employment from the Company or any of its subsidiaries or affiliates for any reason, including the expiration of the Term (the &#147;Restricted Period&#148;),
Executive shall not, directly or indirectly, engage in, assist or become associated with a Competitive Activity. For purposes of this Section&nbsp;2(b): (i)&nbsp;a &#147;Competitive Activity&#148; means, at the time of Executive&#146;s termination,
any business or other endeavor in any jurisdiction of a kind being conducted by the Company or any of its subsidiaries or affiliates (or demonstrably anticipated by the Company or its subsidiaries or affiliates and, for avoidance of doubt, such
affiliates to exclude Liberty Media Corporation or Liberty Interactive Corporation or any of their respective subsidiaries), in any jurisdiction as of the Effective Date or at any time thereafter; and (ii)&nbsp;Executive shall be considered to have
become &#147;associated with a Competitive Activity&#148; if Executive becomes directly or indirectly involved as an owner, principal, employee, officer, director, independent contractor, representative, stockholder, financial backer, agent,
partner, advisor, lender, or in any other individual or representative capacity with any individual, partnership, corporation or other organization that is engaged in a Competitive Activity. Notwithstanding the foregoing, (i)&nbsp;Executive may make
and retain investments during the Restricted Period, for investment purposes only, in less than 5% of the outstanding capital stock of any publicly-traded corporation engaged in a Competitive Activity if stock of such corporation is either listed on
a national stock exchange or on the NASDAQ National Market System if Executive is not otherwise affiliated with such corporation; (ii)&nbsp;Executive may serve as an employee or partner (or otherwise invest or hold an ownership interest) in an
investment firm that has an ownership interest in a partnership, corporation or other organization that is engaged in a Competitive Activity, <U>provided</U> that such ownership interest does not constitute greater than 20% of such investment
firm&#146;s total assets under management and Executive is not directly involved with the provision of direction or management of such entity engaged in the Competitive Activity, including the investment decisions thereof; and (iii)&nbsp;Executive
may serve as an employee of or partner (or otherwise hold an ownership interest) in a consultancy or investment bank engaged in providing advisory services to entities engaged in Competitive Activities, <U>provided</U> that Executive is not directly
involved in the provision of the advisory services to such entities engaged in the Competitive Activity. Notwithstanding the foregoing, to the extent that, solely due to a change in scope of the business of the Company or any of its subsidiaries or
affiliates (e.g., by virtue of an acquisition or strategic change), Executive has become &#147;associated with a Competitive Activity&#148; (i.e., for purposes of clarity, Executive&#146;s activity prior to such change in scope was permissible under
this Section&nbsp;2(b)), then Executive shall have a reasonable period of time, not to exceed 12 months, to cure such association with a Competitive Activity, including by resignation (if personal services), liquidation or unwinding (if
investment-related) or eliminating any activity or involvement with such entity engaged in the Competitive Activity, in all cases on such terms as are reasonably acceptable to the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>NON-SOLICITATION OF EMPLOYEES</U>. Executive recognizes that he or she will possess
Confidential Information about other employees, officers, directors, agents, consultants and independent contractors of the Company and its subsidiaries or affiliates relating to their education, experience, skills, abilities, compensation and
benefits, and inter-personal relationships with suppliers to and customers of the Company and its subsidiaries or affiliates. Executive recognizes that the information he or she will possess about these employees, officers, directors, agents,
consultants and independent contractors is not generally known, is of substantial value to the Company and its subsidiaries or affiliates in developing their respective businesses and in securing and retaining customers, and will be acquired by
Executive because of Executive&#146;s business position with the Company. Executive agrees (i)&nbsp;that, during the Restricted Period, Executive will not, directly or indirectly, hire or solicit or recruit the employment or services of (i.e.,
whether as an employee, officer, director, agent, consultant or independent contractor), or encourage to change such person&#146;s relationship with the Company or any of its subsidiaries or affiliates, any employee, officer, director, agent,
consultant or independent contractor of the Company or any of its subsidiaries or affiliates, <U>provided</U>, <U>however</U>, that a general solicitation of the public for employment (and any hiring pursuant thereto) shall not constitute a
solicitation hereunder so long as such general solicitation is not designed to target, or does not have the effect of targeting, any employee, officer, director, agent, consultant or independent contractor of the Company or any of its subsidiaries
or affiliates, <U>provided</U>, <U>further</U>, that the hiring, solicitation or engagement (i.e., on a non-exclusive basis) of third-party professional advisors (e.g., law firms, accountancies) shall not constitute recruitment hereunder&nbsp;and
(ii)&nbsp;that Executive will not convey any Confidential Information or trade secrets about any employees, officers, directors, agents, consultants and independent contractors of the Company or any of its subsidiaries or affiliates to any other
person except within the scope of Executive&#146;s duties hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>NON-SOLICITATION OF CUSTOMERS, SUPPLIERS, PARTNERS</U>.
During the Restricted Period, Executive shall not, without the prior written consent of the Company, directly or indirectly, solicit, attempt to do business with, or&nbsp;do business with any customers of,&nbsp;suppliers (including providers of
travel inventory) to, business partners of or business affiliates of the Company or any of its subsidiaries or affiliates (collectively, &#147;Trade Relationships&#148;) on behalf of any entity engaged in a Competitive Activity, or encourage
(regardless of who initiates the contact) any Trade Relationship to use the services of any competitor of the Company or its subsidiaries or affiliates, or encourage any Trade Relationship to change its relationship with the Company or its
subsidiaries or affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>PROPRIETARY RIGHTS; ASSIGNMENT</U>. All Executive Developments (as defined below) shall be made for
hire by Executive for the Company or any of its subsidiaries or affiliates. &#147;Executive Developments&#148; means any idea, discovery, invention, design, method, technique, improvement, enhancement, development, computer program, machine,
algorithm or other work or authorship, in each case, (i)&nbsp;that (A)&nbsp;relates to the business or operations of the Company or any of its subsidiaries or affiliates, or (B)&nbsp;results from or is suggested by any undertaking assigned to
Executive or work performed by Executive for or on behalf of the Company or any of its subsidiaries or affiliates, whether created alone or with others, during or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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after working hours and (ii)&nbsp;that is conceived or developed during the Term. All Confidential Information and all Executive Developments shall remain the sole property of the Company or any
of its subsidiaries or affiliates. Executive shall acquire no proprietary interest in any Confidential Information or Executive Developments developed or acquired during the Term. To the extent Executive may, by operation of law or otherwise,
acquire any right, title or interest in or to any Confidential Information or Executive Development, Executive hereby assigns to the Company all such proprietary rights. Executive shall, both during and after the Term, upon the Company&#146;s
request, promptly execute and deliver to the Company all such assignments, certificates and instruments, and shall promptly perform such other acts, as the Company may from time to time in its reasonable discretion deem necessary or desirable to
evidence, establish, maintain, perfect, enforce or defend the Company&#146;s rights in Confidential Information and Executive Developments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>COMPLIANCE WITH POLICIES AND PROCEDURES</U>. During the Term, Executive shall adhere to the policies and standards of professionalism
set forth in the Company&#146;s Policies and Procedures as they may exist from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) <U>REMEDIES FOR BREACH</U>. Executive
expressly agrees and understands that Executive will notify the Company in writing of any alleged breach of this Agreement by the Company, and the Company will have 30 days from receipt of Executive&#146;s notice to cure any such breach. Executive
expressly agrees and understands that the remedy at law for any breach by Executive of this Section&nbsp;2 will be inadequate and that damages flowing from such breach are not usually susceptible to being measured in monetary terms. Accordingly, it
is acknowledged that upon Executive&#146;s violation of any provision of this Section&nbsp;2 the Company shall be entitled to obtain from any court of competent jurisdiction immediate injunctive relief and obtain a temporary order restraining any
threatened or further breach as well as an equitable accounting of all profits or benefits arising out of such violation. Nothing in this Section&nbsp;2 shall be deemed to limit the Company&#146;s remedies at law or in equity for any breach by
Executive of any of the provisions of this Section&nbsp;2, which may be pursued by or available to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) <U>SURVIVAL OF
PROVISIONS</U>. The obligations contained in this Section&nbsp;2 shall, to the extent provided in this Section&nbsp;2, survive the termination or expiration of Executive&#146;s employment with the Company and, as applicable, shall be fully
enforceable thereafter in accordance with the terms of this Agreement. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section&nbsp;2 is excessive in duration or scope or is unreasonable or
unenforceable under the laws of that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law of that state. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>MERGER</U>. This Agreement constitutes the entire agreement between the parties and terminates and supersedes any and all prior
agreements and understandings (whether written or oral) between the parties with respect to the subject matter of this Agreement. Executive acknowledges and agrees that neither the Company nor anyone acting on its behalf has made, and is not making,
and in executing this Agreement, Executive has not relied upon, any representations, promises or inducements except to the extent the same is expressly set forth in this Agreement. All Stock Option Agreements and Restricted Stock Unit Agreements
between Executive and the Company survive and are hereby incorporated by reference into this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>ASSIGNMENT; SUCCESSORS</U>. This Agreement is personal in its nature and none of the
parties hereto shall, without the consent of the others, assign or transfer this Agreement or any rights or obligations hereunder, <U>provided</U> that, in the event of a transfer of Executive to any entity affiliated with the Company and/or the
merger, consolidation, transfer, or sale of all or substantially all of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such
successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder, and all references herein to the &#147;Company&#148; shall refer to such successor, <U>provided</U>,
<U>further</U>, that Executive&#146;s estate and duly appointed representative thereof shall succeed to all of Executive&#146;s rights hereunder upon Executive&#146;s death and that Executive&#146;s duly appointed representative shall succeed to all
of Executive&#146;s rights upon Executive&#146;s Disability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <U>WITHHOLDING</U>. The Company shall make such deductions and withhold
such amounts from each payment and benefit made or provided to Executive hereunder, as may be required from time to time by applicable law, governmental regulation or order. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <U>HEADING REFERENCES</U>. Section headings in this Agreement are included herein for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose. References to &#147;this Agreement&#148; or the use of the term &#147;hereof&#148; shall refer to these Standard Terms and Conditions and the Employment Agreement attached hereto, taken as a
whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <U>WAIVER; MODIFICATION</U>. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof
shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or
relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect, or extended beyond expiration of the Term (regardless of continued employment), except by a writing executed by each party hereto.
Notwithstanding anything to the contrary herein, neither the assignment of Executive to a different Reporting Officer due to a reorganization or an internal restructuring of the Company or its affiliated companies nor a change in the title of the
Reporting Officer shall constitute a modification or a breach of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8. <U>SEVERABILITY</U>. In the event that a court of
competent jurisdiction determines that any portion of this Agreement is in violation of any law or public policy, only the portions of this Agreement that violate such law or public policy shall be stricken. All portions of this Agreement that do
not violate any statute or public policy shall continue in full force and effect. Further, any court order striking any portion of this Agreement shall modify the stricken terms as narrowly as possible to give as much effect as possible to the
intentions of the parties under this Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ACKNOWLEDGED AND AGREED AS OF THE EFFECTIVE DATE: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TRIPADVISOR LLC </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stephen Kaufer</P></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
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<TD VALIGN="bottom">CEO</TD></TR></TABLE>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Ernst Teunissen</P></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ernst Teunissen</P></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>CONTACT: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Kevin Carter
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>(617) 795-7577 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>kcarter@tripadvisor.com</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TripAdvisor Names Ernst Teunissen as Chief Financial Officer </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Needham, Mass. (October 8, 2015) &#150;</B>TripAdvisor (NASDAQ: TRIP) today announced that Ernst Teunissen will join the company as chief financial
officer, effective November&nbsp;9<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>. Teunissen will oversee the company&#146;s global finance operations including accounting, investor relations, tax, corporate development and real estate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Ernst is an accomplished executive with significant financial and operational expertise, including as a CFO and corporate strategist, and will be an
exceptional addition to our team,&#148; said Stephen Kaufer, president and chief executive officer of TripAdvisor. &#147;Ernst&#146;s broad and global experience in business and technology, mergers and acquisitions and strategic investments, will be
an asset to us as we continue to scale TripAdvisor.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Teunissen is currently executive vice president and chief financial officer of Cimpress N.V.
(NASDAQ: CMPR), f/k/a Vistaprint N.V., a leader in mass customization, where he has similar responsibilities. He joined Cimpress in 2009 as vice president, corporate strategy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Before joining Cimpress, Teunissen was a founder and director of two corporate finance and management consulting firms: Manifold Partners and ThreeStone
Ventures Limited. Prior to that, he worked in investment banking, as an executive director in Morgan Stanley&#146;s Telecoms and Media Group in London and as a senior associate director for Deutsche Bank in London and Singapore. Teunissen has also
been a consultant at Monitor Company, a global strategy consulting firm, in Europe and Asia. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;TripAdvisor is a high-growth company with a strong
track record for innovation and I am delighted to be joining the company,&#148; said Teunissen. &#147;I look forward to taking part in and contributing to TripAdvisor&#146;s future.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Teunissen holds a BBA from Nijenrode University, The Netherlands School of Business and an MBA from the University of Oregon. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Julie Bradley, the company&#146;s current chief financial officer, has agreed to stay with the company through
November&nbsp;20<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>, in order to assist in the transition. The specific terms of such continued employment are currently under consideration. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About TripAdvisor </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TripAdvisor<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> is the world&#146;s largest travel site*, enabling travelers to plan and book the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and
planning features with seamless links to booking tools that check hundreds of websites to find the best hotel prices. TripAdvisor branded sites make up the largest travel community in the world, reaching 375&nbsp;million unique monthly visitors**,
and more than 250&nbsp;million reviews and opinions covering 5.2&nbsp;million accommodations, restaurants and attractions. The sites operate in 45 countries worldwide. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TripAdvisor, Inc. (NASDAQ: TRIP) manages and operates websites under 23 other travel media brands: <U>www.airfarewatchdog.com,
</U><U>www.bookingbuddy.com,</U> <U>www.cruisecritic.com,</U> <U>www.everytrail.com,</U> <U>www.familyvacationcritic.com,</U> <U>www.flipkey.com, </U><U>www.thefork.com</U> (including <U>www.lafourchette.com,</U> <U>www.eltenedor.com,</U>
<U>www.iens.nl,</U> <U>www.besttables.com</U> and <U>www.dimmi.com.au),</U> <U>www.gateguru.com,</U> <U>www.holidaylettings.co.uk,</U> <U>www.holidaywatchdog.com,</U> <U>www.independenttraveler.com,</U> <U>www.jetsetter.com,</U>
<U>www.niumba.com,</U>&nbsp;<U>www.onetime.com,</U> <U>www.oyster.com,</U> <U>www.seatguru.com,</U> <U>www.smartertravel.com, </U><U>www.tingo.com,</U>&nbsp;<U>www.travelpod.com,</U> <U>www.tripbod.com,</U> <U>www.vacationhomerentals.com,</U>
<U>www.viator.com,</U> and <U>www.virtualtourist.com.</U> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">Source: comScore Media Metrix for TripAdvisor Sites, worldwide, December 2014 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">**</TD>
<TD ALIGN="left" VALIGN="top">Source: TripAdvisor log files, average monthly unique users, Q2 2015 </TD></TR></TABLE>
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