Exhibit 10.15

 

FIRST AMENDMENT TO

SEVERANCE AGREEMENT

 

This First Amendment, dated as of March 31, 2003, to the Severance Agreement
dated June 26, 2002, between US Airways, Inc. a Delaware corporation (the
“Company”), and B. Ben Baldanza (the “Executive”) is entered into as of the date
first stated above.

 

WHEREAS, the Company and the Executive have previously entered into the
Agreement; and

 

WHEREAS, the Company and the Executive desire to amend the Agreement as set
forth herein.

 

NOW THEREFORE, the following amendments are hereby made to the Agreement:

 

1. Section 2 of the Agreement is hereby amended by the addition of the following
language at the end thereof:

 

“Notwithstanding the foregoing provisions of this Section 2, no “Change of
Control” or “Change in Control” shall be deemed to have occurred in connection
with transactions under the Retirement Systems of Alabama investment agreement
dated September 26, 2002, as amended, or in connection with the Company’s
emergence from bankruptcy.”

 

2. Section 5(d)(i) of the Agreement is hereby amended by substituting “; or” for
“, and” at the end of Section 5(d)(i)(4), and by the addition of the following
as Section 4(d)(i)(5):

 

“(5) any relocation of the Company’s corporate headquarters outside of the
Washington, D.C. metropolitan area; and”.

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3. Section 5(d)(ii) of the Agreement is hereby amended by substituting “; or”
for the period at the end of Section 5(d)(ii)(5), and by the addition of the
following as Section 5(d)(ii)(6):

 

“(6) any relocation of the Company’s corporate headquarters outside of the
Washington, D.C. metropolitan area.”

 

EXECUTIVE

/s/ B. Ben Baldanza

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B. Ben Baldanza

US AIRWAYS, INC.

By

 

/s/ Jennifer C. McGarey

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Name: Jennifer C. McGarey

    Title: Vice President, Deputy General Counsel & Secretary