Hyatt Hotels Corp - FORM 10-K - EX-10.25 - FIRST AMENDMENT TO THE HYATT HOTELS CORPORATION DEFERRED COMPENSATION PLAN - February 17, 2011

Attached files

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10-K - FORM 10-K - Hyatt Hotels Corpd10k.htm
EX-10.17 - AMENDMENT TO HYATT HOTELS RESTRICTED STOCK UNIT AWARD AGREEMENTS - Hyatt Hotels Corpdex1017.htm
EX-21.1 - LIST OF SUBSIDIARIES - Hyatt Hotels Corpdex211.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULES 13A-14(A) - Hyatt Hotels Corpdex311.htm
EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - Hyatt Hotels Corpdex321.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO RULES 13A-14(A) - Hyatt Hotels Corpdex312.htm
EX-32.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - Hyatt Hotels Corpdex322.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - Hyatt Hotels Corpdex231.htm
EX-10.34 - FIRST AMENDMENT TO THE HYATT HOTELS CORPORATION CORPORATE OFFICE SEVERANCE PLAN - Hyatt Hotels Corpdex1034.htm
EX-10.32 - FIRST AMENDMENT TO THE HYATT HOTELS CORPORATION EXECUTIVE CHANGE IN CONTROL PLAN - Hyatt Hotels Corpdex1032.htm
EX-10.4 - AMENDMENT NO. 5 TO AMENDED & RESTATED LONG-TERM INCENTIVE PLAN - Hyatt Hotels Corpdex104.htm

Exhibit 10.25

FIRST AMENDMENT TO THE

HYATT HOTELS CORPORATION

DEFERRED COMPENSATION PLAN FOR DIRECTORS

THIS AMENDMENT to the Hyatt Hotels Corporation Deferred Compensation Plan for Directors (the “Plan”) is effective as of January 1, 2009.

WHEREAS, the Plan allows members of the Board of Directors of Hyatt Hotels Corporation (the “Company”) to defer their retainers; and

WHEREAS, the Company desires to clarify the definition of “Change in Control” under the Plan to be consistent with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.

NOW, THEREFORE, the Company hereby amends the Plan in the following particulars:

 

  1. Effective as of January 1, 2009, Section 1.5 of the Plan is amended by adding the following thereto:

“Notwithstanding the foregoing, no Change in Control shall exist unless it shall constitute a ‘change in control event’ as defined in Treasury Regulation §1.409A-3(i)(5).”

 

  2. In all other respects, the Plan shall remain in full force and effect.

* * * * *

I hereby certify that the foregoing First Amendment was duly adopted by the Compensation Committee of the Board of Directors of Hyatt Hotels Corporation on December 16, 2010.

Executed on this 17 day of December, 2010.

 

/s/ Robert W. K. Webb
Chief Human Resources Officer

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