TREE » Topics » Reduction in 2008 Year-End Bonus Payouts

This excerpt taken from the TREE DEF 14A filed Mar 19, 2009.

Reduction in 2008 Year-End Bonus Payouts

        In light of the Company's 2008 financial performance in an extremely challenging industry environment, the 2008 year-end bonuses awarded to all employees (including the named executives) were significantly lower than those awarded for 2007. We awarded a total of $75,000 of year-end discretionary bonuses to our executive officers for 2008 compared to $450,000 for 2007, an 83% decrease. None of our named executives received a year-end discretionary 2008 bonus. Mr. Violette received the $500,000 guaranteed minimum 2008 bonus under the terms of his employment agreement.

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