Document:

Exhibit 10.2

Exhibit 10.2

US AIRWAYS GROUP, INC.

2011 Long Term Incentive Performance Program

(Established Effective January 19, 2011)

Section I. Purpose

The purpose of the US Airways Group, Inc. 2011 Long Term Incentive Performance Program (the
“Program”) is to

	•	 	Focus management efforts on the creation of long-term stockholder value, and

	•	 	Encourage strategic decision-making by providing rewards for the long-term achievement of
Company goals.

The Program sets forth the terms and conditions for cash Performance Grant Awards to be paid to
eligible officers under the US Airways Group, Inc. 2008 Equity Incentive Plan (the “Plan”).

Section II. Eligibility Criteria

Service Providers who are officers of US Airways Group, Inc. (the “Company”) or a Related Company
(as that term is defined in the Plan) whose responsibilities have a direct and significant impact
on Company results are eligible to participate in the Program. The Compensation and Human
Resources Committee of the Board of Directors of the Company (the “Committee”) will, at its sole
discretion, select individual officers to participate in the Program (each a “Participant”).
Participation in one Performance Cycle (as such term is defined in Section IV) under the Program
does not assure participation in any other Performance Cycle.

A person who is hired by the Company (or a Related Company) as an eligible officer or promoted to
eligible officer status (whether from a non-eligible status or another eligible officer status), in
either case after the commencement of a Performance Cycle (as such term is defined in Section IV)
shall participate in Performance Cycles on such basis, if any, as the Committee may provide.

Section III. Award Levels

Participants have the opportunity to earn cash Awards under the Program based on the achievement of
long-term Company performance and, with certain exceptions set forth in Section V, continued active
service with the Company (or a Related Company) in an eligible position through the date of payment
of the cash Award. Threshold, target, and maximum Award levels are set forth below. All Award
levels are expressed as a percentage of a Participant’s base salary, as in effect on the date of
payment of the cash Award.

 

 

 

Award Levels Expressed as 

Percentages of Base Salary

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Officer Level	 	Threshold	 	 	Target	 	 	Maximum	 
	CEO
	 	 	38	%	 	 	125	%	 	 	200	%
	President
	 	 	35	%	 	 	115	%	 	 	200	%
	EVP
	 	 	30	%	 	 	100	%	 	 	175	%
	SVP
	 	 	21	%	 	 	70	%	 	 	140	%
	VP
	 	 	14	%	 	 	45	%	 	 	90	%

Performance below the threshold level for any Performance Cycle (as such term is defined in Section
IV) will result in no cash Award. The maximum Award for any Performance Cycle is two times the
target Award, subject to further limitations contained in the Plan.

Section IV. Award Calculation

Awards are calculated based on Total Stockholder Return (“TSR”) of the Company over the Performance
Cycle (as such term is defined in this section) relative to the TSRs of a pre-defined competitive
peer group. TSR, for purposes of this Program, is the rate of return, including both the price
appreciation of the Company’s Common Stock or a competitive peer company’s common stock and the
reinvestment of any dividends declared on such common stock, over the relevant Performance Cycle.
In order to smooth out market fluctuations, the average daily closing price (adjusted for splits
and dividends) for the common stock of the Company and of the companies in the pre-defined
competitive peer group for the three months prior to the first and last days of the Performance
Cycle will be used to determine TSR. Daily closing price of a share of common stock is the stock
price at the close of trading (4:00 p.m. Eastern Time) of the national exchange (New York Stock
Exchange, the Nasdaq Stock Market or the American Stock Exchange) on which such stock is traded.

	A)	 	Performance Cycles

A performance cycle, over which TSR is measured, is the three-year period beginning January
1 of a given year and ending December 31 of the second following year (each a “Performance
Cycle”). The Committee, in its sole discretion, may authorize Performance Cycles, and it is
anticipated, although not assured, that a three-year Performance Cycle will begin each
January 1.

All officers of the Company (or a Related Company) otherwise eligible to participate in the
Program will be eligible to participate in the Performance Cycle commencing January 1, 2011,
and ending December 31, 2013.

	B)	 	Peer Group and Award Payout Percentages

The competitive peer group consists of the following eight companies: AirTran Holdings,
Inc., Alaska Air Group, Inc., AMR Corporation (the parent company of American Airlines),
Delta Air Lines, Inc., Hawaiian Holdings, Inc. (the parent company of Hawaiian Airlines),
JetBlue Airways Corporation, Southwest Airlines Co. and UAL Corporation (the parent company
of United Airlines and Continental Airlines). Such competitive peer group is subject to
modification, in the Committee’s sole discretion, to
take account of unforeseen events such as mergers, dispositions, bankruptcies and other
significant business changes.

 

Page 2

 

Award payout percentages will be based on the TSR of the Company relative to the TSRs of
competitive peer group companies, as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company TSR	 	Payout as a %	 	 	 	 	 
	Relative Rank	 	of Base Salary	 	 	 	 	 
	 	 	VP	 	 	SVP	 	 	EVP	 	 	President	 	 	CEO	 	 	 	 	 
	1-2 of 9
	 	 	90	%	 	 	140	%	 	 	175	%	 	 	200	%	 	 	200	%	 	(Maximum)
	3 of 9
	 	 	75	%	 	 	117	%	 	 	150	%	 	 	172	%	 	 	175	%	 	 	 	 
	4 of 9
	 	 	60	%	 	 	93	%	 	 	125	%	 	 	143	%	 	 	150	%	 	 	 	 
	5 of 9
	 	 	45	%	 	 	70	%	 	 	100 	%	 	 	115	%	 	 	125	%	 	(Target)
	6 of 9
	 	 	29	%	 	 	46	%	 	 	65	%	 	 	75	%	 	 	81	%	 	 	 	 
	7 of 9
	 	 	14	%	 	 	21	%	 	 	30	%	 	 	35	%	 	 	38	%	 	(Threshold)
	8-9 of 9
	 	 	0	%	 	 	0	%	 	 	0	%	 	 	0	%	 	 	0	%	 	 	 	 

Section V. Award Payment Timing, Early Payment and Separation

If the TSR of the Company is at or above the threshold for a Performance Cycle, Awards will be paid
in cash within sixty (60) days following the end of the Performance Cycle. For example, Awards for
the Performance Cycle that runs from January 1, 2011, through December 31, 2013 will be paid no
later than March 1, 2014. To receive an Award, a Participant must be in continuous active
employment with the Company (or a Related Company) through the date of payment of the Award, unless
otherwise prohibited by law. Payments will be subject to all required federal, state, and local
tax withholding.

In the event a Participant separates from service with the Company (and all Related Companies) on
account of retirement (as defined below), Disability (as defined in the Plan) or death, the Company
shall pay to the Participant (or the Participant’s estate in the case of death), at the same time
as Awards (if any) are paid to other Participants for the same Performance Cycle, the Award that
the Participant would have earned and received (if any) with respect to solely the Performance
Cycle that ends in the calendar year in which such separation from service occurs, had the
Participant’s service continued until the Award payment date for such Performance Cycle. For
purposes of the foregoing, “retirement” shall mean the Participant’s separation from
service with the Company (and all Related Companies) after attainment of age fifty-five (55) and
completion of ten (10) years of service with the Company (or any Related Company). Awards for any
other Performance Cycles will not be earned or paid, unless otherwise required by law.

 

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If the Participant separates from service with the Company (and all Related Companies) for any
reason other than retirement, Disability or death (whether such separation is voluntary or
involuntary), no Awards will be earned or paid under the Program with respect to any Performance
Cycles, unless otherwise required by law.

Section VI. Program Administration

The Program will be administered by the Committee in accordance with the Plan and in a manner that
satisfies the requirements of Section 162(m) of the Internal Revenue Code for qualified
“performance-based” compensation.

Awards generally are calculated and distributed as provided in Sections IV and V; provided,
however, that no Award payments will be made unless the Committee certifies in writing (a) the
relative TSR ranking of the Company, (b) that all other material terms of the Program have been
satisfied and (c) that payments to each Participant in stated amounts are appropriate under the
Program.

Section VII. Absence of Program Funding; No Equity Interest

Benefits under the Program shall be paid from the general funds of the Company (or the Related
Company), and a Participant (or the Participant’s estate in the event of death) shall be no more
than an unsecured general creditor of the Company (or the Related Company) with no special or prior
right to any assets of the Company (or the Related Company).

Nothing contained in the Program shall be deemed to give any Participant any equity or other
interest in the assets, business or affairs of the Company or any Related Company. It is not
intended that a Participant’s interest in the Program shall constitute a security or equity
interest within the meaning of any state or federal securities laws.

Section VIII. No Transferability

A Participant shall not have any right to transfer, sell, alienate, assign, pledge, mortgage,
collateralize or otherwise encumber any of the payments provided by this Program.

Section IX. No Employment Rights

This Program is not intended to be a contract of employment. Both the Participant and the Company
and all Related Companies have the right to end their employment or other service relationship with
or without cause or notice.

 

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Section X. Interpretation, Amendment and Termination

The Committee shall have the power to interpret all provisions of the Program, which
interpretations shall be final and binding on all persons. The provisions of this document shall
supersede all provisions of any and all such prior documents relating to the Program and its
subject matter. However, if the provisions of this document conflict with any provision of the
Plan, the provisions set forth in the Plan shall govern in all cases. The laws of the State of
Delaware shall govern all questions concerning the construction, validity and interpretation of the
Program, without regard to such state’s conflict of laws rules.

Notwithstanding anything herein to the contrary, if the Participant is a “specified employee” on
the date of the Participant’s “separation from service,” as defined in the Treasury Regulation
Section 1.409A-1(h) (a “Separation from Service”), any benefit or payment that constitutes
non-exempt “nonqualified deferred compensation” (within the meaning of Section 409A of the Internal
Revenue Code (“Section 409A”)) shall be delayed in order to avoid a prohibited payment under
Section 409A(a)(2)(B)(i), and any such delayed payment shall be paid to the Participant in a lump
sum during the ten (10) day period commencing on the earlier of (i) the expiration of the six-month
period measured from the date of the Participant’s Separation from Service, or (ii) the
Participant’s death. To the greatest extent permitted under Section 409A, any separate payment or
benefit under the Program will not be deemed to constitute “nonqualified deferred compensation”
subject to Section 409A and the six-month delay requirement to the extent provided in the
exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other
applicable exception or provision of Section 409A.

The Committee reserves the right to amend or terminate the Program at any time, with or without
prior notice; provided, however, that all amendments to the Program shall preserve the
qualification of Awards under the Program as “performance-based” compensation under Section 162(m)
of the Internal Revenue Code. Notwithstanding the foregoing, (a) except as provided in Section IV
with respect to the calculation of TSR and in the following clause (b), the Committee may not amend
the Program in a way that would materially impair the rights of a Participant with respect to a
Performance Cycle that already has begun at the time of such amendment, except to the extent
necessary to preserve the qualification of Awards as “performance-based” compensation under Section
162(m) of the Internal Revenue Code or unless such Participant has consented in writing to such
amendment; and (b) in the event of any act of God, war, natural disaster, aircraft grounding,
revocation of operating certificate, terrorism, strike, lockout, labor dispute, work stoppage,
fire, epidemic or quarantine restriction, act of government, critical materials shortage, or any
other act beyond the control of the Company, whether similar or dissimilar (each a “Force Majeure
Event”), which Force Majeure Event affects the Company or its Related Companies or other
affiliates, the Committee, in its sole discretion, may (i) terminate or (ii) suspend, delay, defer
(for such period of time as the Committee may deem necessary), or substitute any Awards due
currently or in the future under the Program, including, but not limited to, any Awards that have
accrued to the benefit of Participants but have not yet been paid, subject to Section 409A and the
regulations and guidance promulgated thereunder.

 

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Exhibit 4.4

SECOND SUPPLEMENTAL INDENTURE

     This SECOND SUPPLEMENTAL INDENTURE, dated as of March 28, 2011 (this “Second Supplemental
Indenture”), among Heatcraft Inc., a Mississippi corporation, Heatcraft Refrigeration Products LLC,
a Delaware limited liability company and Advanced Distributor Products LLC, a Delaware limited
liability company (the “Guarantors”), Lennox International Inc., a Delaware corporation (the
“Company”), and each other then existing Guarantor under the Indenture referred to below (the
“Existing Guarantors”), and U.S. Bank National Association, as Trustee under the Indenture referred
to below.

RECITALS

     WHEREAS, the Company, the Existing Guarantors and the Trustee have heretofore become parties
to an Indenture, dated as of May 3, 2010 (the “Base Indenture” and, as supplemented by the First
Supplemental Indenture (the “First Supplemental Indenture”), dated as of May 6, 2010, the
“Indenture”), providing for the issuance of 4.900% Notes due 2017 of the Company (the “Notes”);

     WHEREAS, Section 8.06 of the First Supplemental Indenture provides that the Company is
required to cause the Guarantors to execute and deliver to the Trustee a supplemental indenture
evidencing its guarantee of the punctual payment when due of all monetary obligations of the
Company under the Indenture and the Notes on the terms and conditions set forth herein and in
Article 8 of the First Supplemental Indenture;

     WHEREAS, each Guarantor desires to enter into such supplemental indenture for good and
valuable
consideration, including substantial economic benefit in that the financial performance and
condition of such Guarantor is dependent on the financial performance and condition of the Company,
the obligations hereunder of which such Guarantor has guaranteed; and

WHEREAS, pursuant to Section 8.01 of the Base Indenture, the parties hereto are authorized to
execute and deliver this Second Supplemental Indenture to amend the Indenture, without the consent
of any Holder;

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guarantors, the Company, the
Existing Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders of
the Notes as follows:

     1. Defined Terms. As used in this Second Supplemental Indenture, terms defined in the
Indenture or in the preamble or recital hereto are used herein as therein defined. The words
“herein,” “hereof” and “hereby” and other words of similar import used in this Second Supplemental
Indenture refer to this Second Supplemental Indenture as a whole and not to any particular section
hereof.

     2. Agreement to Guarantee. The Guarantors, as primary obligors and not merely as surety,
hereby jointly and severally, irrevocably and fully and unconditionally guarantee to each Holder
and to the Trustee and its successor and assigns (the “Guarantee”), on a senior unsecured basis and
equal in right of payment to all existing and future senior indebtedness of such Guarantors, the
punctual payment when due of all monetary obligations of the Company under the Indenture and the
Notes, whether for principal of or interest on the Notes, on the terms and subject to the
conditions set forth in Article 8 of the First Supplemental Indenture and agrees to be bound by
(and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a
Guarantor.

     3. Termination, Release and Discharge. The Guarantors’ Guarantee shall terminate and be of no
further force or effect, and the Guarantors shall be released and discharged from all obligations
in respect of such Guarantee, as and when provided in Section 8.03 of the First Supplemental
Indenture.

     4. Parties. Nothing in this Second Supplemental Indenture is intended or shall be construed to
give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or
claim under or in respect of the Guarantors’ Guarantee or any provision contained herein or in
Article 8 of the First Supplemental Indenture.

 

 

     5. Governing Law. This Second Supplemental Indenture and the Notes shall be deemed to be a
contract under the laws of the State of New York, and for all purposes shall be construed in
accordance with the laws of such State, except as may otherwise be required by mandatory provisions
of law.

     6. Ratification of Indenture; Supplemental Indentures Part of Indenture. The Indenture, as
supplemented by this Second Supplemental Indenture, is in all respects ratified and confirmed, and
this Second Supplemental Indenture shall be deemed part of the Indenture in the manner and to the
extent herein and therein provided. The recitals contained herein shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the correctness of the same.

     7. Counterparts. This Second Supplemental Indenture may be executed in any number of
counterparts, each of which shall be an original; but such counterparts shall together constitute
but one and the same instrument.

     8. Headings. The section headings herein are for convenience only and shall not affect the
construction hereof.

     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed as of the date first above written.

	 	 	 	 	 
	 	LENNOX INDUSTRIES INC.

ALLIED AIR ENTERPRISES INC.

SERVICE EXPERTS LLC

LENNOX GLOBAL LTD.

HEATCRAFT INC.

HEATCRAFT REFRIGERATION PRODUCTS LLC

ADVANCED DISTRIBUTOR PRODUCTS LLC

 	 
	 	By:  	/s/ Rick Pelini
 	 
	 	 	Name:  	Rick Pelini 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	LENNOX INTERNATIONAL INC.

 	 
	 	By:  	/s/ Rick Pelini
 	 
	 	 	Name:  	Rick Pelini 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

					
	 	

U.S. BANK NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	/s/ Brad Hounsel
 	 
	 	 	Name:  	Brad Hounsel 	 
	 	 	Title:  	Vice President

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