Document:

exv10w72

 

Exhibit 10.72

November 29, 2006

Mr. Matthew K. Rose

Chairman

Burlington Northern Santa Fe Corp.

2650 Lou Menk Drive

Fort Worth, TX 76131

Dear Matt:

     This
will confirm the following agreement relating to the deferral of your
director’s
fees in 2007.

     1. All
director’s
fees and retainers
(“Fees”) payable to you in connection
with your service on the boards of directors (including committees of such boards) of AMR
Corporation and American Airlines, Inc. for the period January 1, 2007 through December 31, 2007,
will be deferred and paid to you in accordance with this letter agreement.

     2. Fees will be converted to Stock Equivalent Units in accordance with the Directors’ Stock
Equivalent Purchase Plan, a copy of which is attached hereto as
Exhibit A (the
“Plan”).

     3. On the 30th business day after the date when you cease to be a Director of AMR
Corporation, the Stock Equivalent Units accrued in 2007 pursuant to the Plan will be converted to
cash and paid to you by multiplying the number of such Stock Equivalent Units by the arithmetic
mean of the high and the low of AMR stock
(“fair
market value”) during the month when
you ceased to be a Director of AMR Corporation.

     4. In the event of your death, the number of Stock Equivalent Units as of your date of death
will be multiplied by the fair market value of AMR stock during the calendar month immediately
preceding your death, and the amount paid to Lisa Rose. The payment contemplated by this paragraph
4 will be made on the 30th business day following the date of your death.

 

 

     If the foregoing is satisfactory to you, please indicate by signing one of the originals (two
are enclosed) and returning it to me.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	  	
 	 
	 	 	Kenneth W. Wimberly 	 
	 	 	Corporate Secretary 	 
	 

Accepted and agreed:

	 	 	 	 	 
	 	 	 
	/s/ Matthew K. Rose
 	 	 
	Matthew K. Rose 	 	 
	 	 	 
	 	 	 
	12/20/06
 	 	 
	Dateexv10w78

 

Exhibit 10.78

November 29, 2006

Mr. Roger T. Staubach

Chairman & CEO

The Staubach Company

15601 Dallas Parkway

Suite 400

Addison, TX 75001

Dear Roger:

     This will confirm the following agreement relating to the deferral of your director’s
fees in 2007.

     1. All director’s fees and retainers “Fees” payable to you in connection
with your service on the boards of directors (including committees of such boards) of AMR
Corporation and American Airlines, Inc. for the period January 1, 2007 through December 31, 2007,
will be deferred and paid to you in accordance with this letter agreement.

     2. Fees will be converted to Stock Equivalent Units in accordance with the Directors’ Stock
Equivalent Purchase Plan, a copy of which is attached hereto as Exhibit A (the “Plan”).

     3. On the 30th business day after the date when you cease to be a Director of AMR
Corporation, the Stock Equivalent Units accrued in 2007 pursuant to the Plan will be converted to
cash and paid to you by multiplying the number of such Stock Equivalent Units by the arithmetic
mean of the high and the low of AMR stock (“fair market value”) during the month when
you ceased to be a Director of AMR Corporation.

     4. In the event of your death, the number of Stock Equivalent Units as of your date of death
will be multiplied by the fair market value of AMR stock during the calendar month immediately
preceding your death, and the amount paid to Marianne Staubach. The payment contemplated by this
paragraph 4 will be made on the 30th business day following the date of your death.

 

 

     If the foregoing is satisfactory to you, please indicate by signing one of the originals (two
are enclosed) and returning it to me.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	  	
 	 
	 	 	Kenneth W. Wimberly 	 
	 	 	Corporate Secretary 	 
	 

Accepted and agreed:

	 	 	 	 	 
	 	 	 
	/s/ Roger T. Staubach
 	 	 
	Roger T. Staubach 	 	 
	 	 	 
	 	 	 
	12/1/06
 	 	 
	Dateexv10w132

 

Exhibit 10.132

AMENDMENT OF STOCK OPTION AGREEMENTS UNDER THE 1998 LONG

TERM INCENTIVE PLAN TO ADD STOCK APPRECIATION RIGHTS

     AMENDMENT OF STOCK OPTION AGREEMENTS (this “SAR Amendment”) between AMR Corporation, a
Delaware corporation (the “Corporation”), and an employee of the Corporation or one of its
Subsidiaries or Affiliates (the “Optionee”), as such Optionee is identified in the notification
dated November 15, 2006 sent to the Optionee.

WITNESSETH:

     WHEREAS, Optionee has previously been granted stock options, without a tandem stock
appreciation right, under the AMR Corporation 1998 Long Term Incentive Plan (such plan, as may be
amended from time to time, to be referenced the “1998 Plan”);

     WHEREAS, Optionee may have also previously been granted stock options, without a tandem stock
appreciation right, under the AMR Corporation 1988 Long Term Incentive Plan (such plan, as may be
amended from time to time, to be referenced the “1988 Plan”), which options (if any) are now
governed by the terms of the 1998 Plan;

     WHEREAS, the 1998 Plan permits the Compensation Committee or, in lieu thereof, the Board of
Directors of the Corporation (the “Board”) to provide for the grant of stock appreciation rights in
connection with an option to purchase shares of the Corporation’s Common Stock, $1 par value (the
“Common Stock”), whether at or after the grant of such option;

     WHEREAS, the grant of a stock appreciation right entitles the grantee of an option a mechanism
to receive the same economic value as would be conveyed upon exercise of a stock option;

     WHEREAS, the use of such stock appreciation rights allows a corporation to provide employees
essentially the same economic benefit as an option exercise, but at the same time achieve a more
effective and efficient use of the number of shares authorized by stockholders for issuance under
the corporation’s equity compensation plans; and

     WHEREAS, based on the foregoing, the Committee has determined that it is to the advantage and
interest of the Corporation and its stockholders and its employees eligible for such awards to
grant the stock appreciation rights provided for herein in tandem with the stock options previously
granted to the Optionee.

     NOW, THEREFORE:

     1. Stock Appreciation Right Grant. The Corporation hereby grants to the Optionee,
effective as of the date, and subject to the terms and conditions, of this SAR

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Amendment, a stock appreciation right (each, a “SAR”) in respect of the number of shares of
Common Stock that are, as of the date hereof, outstanding in respect of each stock option
previously granted to the Optionee under the 1998 Plan and/or the 1988 Plan and outstanding on the
date hereof (each, an “Outstanding Option”). The SAR shall be exercisable at the same time as the
corresponding portion of the corresponding Outstanding Option is exercisable in accordance with the
agreement governing such Outstanding Option.

     2. Restriction on Exercise. Notwithstanding any other provision hereof, no Outstanding
Option nor any SAR shall be exercised if at such time such exercise or the delivery of certificates
representing shares of Common Stock pursuant hereto shall constitute a violation of any rule of the
Corporation, any provision of any applicable Federal or State statute, rule or regulation, or any
rule or regulation of any securities exchange on which the Common Stock may be listed.

     3. Manner of Exercise. Each SAR may be exercised with respect to all or any part of
the shares of Common Stock in respect of which the related Outstanding Option is exercisable. Any
such exercise shall be effected pursuant to such procedures as may be adopted by the Corporation
from time to time in its sole discretion; provided that, a corresponding portion of any SAR shall
lapse to the extent that any portion of the related Outstanding Option is exercised, and a
corresponding portion of the related Outstanding Option shall lapse to the extent that any portion
of any SAR is exercised. For purposes of the foregoing sentence of this SAR Amendment, the
corresponding portion of any SAR or the related Outstanding Option pertains to the number of shares
of Stock as to which the related Outstanding Option or such SAR is being exercised, and not to the
net number of shares of Stock being issued. Upon the exercise of any portion of any SAR, the
Optionee shall be entitled to receive from the Corporation a number of shares of Stock equal in
value to the product of

     (i) the excess of

	 	(A)	 	the Fair Market Value on the date of exercise of one share of
Stock over
	 
	 	(B)	 	the exercise price with respect to a share of Common Stock
subject to related Outstanding Option in respect of which the SAR was granted
and is being exercised, multiplied by

     (ii) the number of shares in respect of which the SAR is being exercised.

The number of shares to be issued upon the exercise of any portion of any SAR shall be calculated
on the basis of the Fair Market Value of a share of Common Stock on the date of exercise, with any
fractional share being payable in cash based on the Fair Market Value on the date of exercise.
Notwithstanding the foregoing, the Committee may elect,

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at any time and from time to time, in lieu of issuing all or any portion of the shares of Stock
otherwise issuable upon any exercise of any portion of any SAR, to pay the Optionee an amount in
cash or other marketable property of a value equivalent to the aggregate Fair Market Value on the
date of exercise of the number of shares of Stock that the Committee is electing to settle in cash
or other marketable property. Subject to compliance by the Optionee with all the terms and
conditions hereof, following exercise of any Outstanding Option or the SAR related thereto (other
than in any circumstance where the SAR is being settled for a payment in cash), the Corporation or
its agent shall promptly thereafter deliver to the Optionee a certificate or certificates for such
shares with all requisite transfer stamps attached.

     4. Termination of Each SAR. Each SAR shall terminate and may no longer be exercised
if (i) the Optionee ceases to be an employee of the Corporation or one of its Subsidiaries or
Affiliates; or (ii) the Optionee becomes an employee of a Subsidiary that is not wholly owned,
directly or indirectly, by the Corporation; or (iii) the Optionee takes a leave of absence without
reinstatement rights, unless otherwise agreed in writing between the Corporation (or one of its
Subsidiaries or Affiliates) and the Optionee; except that

     (a) If the Optionee’s employment by the Corporation (or any Subsidiary or Affiliate)
terminates by reason of death, the vesting of each SAR will be accelerated on the same
terms and conditions as the related Outstanding Option, and such Outstanding Option and SAR
will remain exercisable in accordance with the provisions of the agreement pertaining to
the Outstanding Option until the expiration of such Outstanding Option;

     (b) If the Optionee’s employment by the Corporation (or any Subsidiary or Affiliate)
terminates by reason of Disability, each SAR will continue to vest on the same terms and
conditions as apply to the related Outstanding Option, and such Outstanding Option and SAR
may be exercised in accordance with the provisions of the agreement pertaining to the
Outstanding Option until the expiration of such Outstanding Option; provided, however, that
if the Optionee dies after such Disability, vesting of the related Outstanding Option and
the corresponding SAR will be accelerated in accordance with the terms of the agreement
governing the Outstanding Option, and each of the related Outstanding Option and the SAR
will remain exercisable in accordance with the provisions hereof until the expiration of
such Outstanding Option;

     (c) Subject to Section 7(c), if the Optionee’s employment by the Corporation (or any
Subsidiary or Affiliate) terminates by reason of Normal or Early Retirement, each SAR will
continue to vest on the same terms and conditions as the related Outstanding Option, and
such Outstanding Option and SAR may be exercised in accordance with the provisions of the
agreement pertaining to the Outstanding Option until the expiration of such Outstanding

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Option; provided, however, that if the Optionee dies after Retirement vesting of the
related Outstanding Option and the corresponding SAR will be accelerated in accordance with
the terms of the agreement governing the Outstanding Option, and each of the related
Outstanding Option and the SAR will remain exercisable in accordance with the provisions
hereof until the expiration of such Outstanding Option;

     (d) If the Optionee’s employment by the Corporation (or any Subsidiary or Affiliate)
is involuntarily terminated by the Corporation or a Subsidiary or Affiliate (as the case
may be) without Cause, each SAR may thereafter be exercised, to the extent the related
Outstanding Option is exercisable at the time of termination, for a period of three months
from the date of such termination of employment or until the stated term of such
Outstanding Option, whichever period is shorter; and

     (e) In the event of a Change in Control or a Potential Change in Control of the
Corporation, the vesting of each SAR will be accelerated on the same terms and conditions
as the related Outstanding Option in accordance with the 1998 Plan, or its successor.

     5. Adjustments in Common Stock. In the event of a Stock dividend, Stock split,
merger, consolidation, reorganization, recapitalization or other change in the corporate structure,
the Board shall adjust the number of shares, class or classes of securities subject to each SAR and
each Outstanding Option and the exercise price of each Outstanding Option (including to the extent
used to determine the amount payable in respect of each SAR), in such manner as the Board shall
determine to be necessary or appropriate to avoid any diminution or enlargement of the rights
conveyed in respect of each Outstanding Option and each SAR by reason of the occurrence of any such
transaction, distribution or other event.

     6. Non-Transferability of SARs. Unless the Board or Committee shall permit (on such
terms and conditions as it shall establish), no SAR may be transferred except by will or the laws
of descent and distribution to the extent provided herein. During the lifetime of the Optionee,
each SAR may be exercised only by him or her (unless otherwise determined by the Board or the
Committee).

     7. Miscellaneous.

     (a) Except as otherwise expressly provided below or in accordance with the terms and
conditions of the 1998 Plan, this SAR Amendment (i) shall be binding upon and inure to the
benefit of any successor of the Corporation, (ii) shall be governed by the laws of the
State of Texas, and any applicable laws of the United States, and (iii) may not be amended
without the written consent of

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both the Corporation and the Optionee. No contract or right of employment shall be
implied by this SAR Amendment.

     (b) If the related Outstanding Option and any SAR are assumed or a new stock option
and stock appreciation right are substituted therefor in any corporate reorganization
(including, but not limited to, any transaction of the type referred to in Section 424(a)
of the Internal Revenue Code of 1986, as amended), employment by such assuming or
substituting corporation or by a parent corporation or a subsidiary thereof shall be
considered for all purposes of this SAR Amendment to be employment by the Corporation.

     (c) In the event the Optionee’s employment is terminated by reason of Early or Normal
Retirement and the Optionee subsequently is employed by a competitor of the Corporation,
the Corporation reserves the right, upon notice to the Optionee, to declare the Outstanding
Option and the SAR forfeited and of no further validity.

     (d) In consideration of the Optionee’s privilege to participate in the 1998 Plan and
to receive the grant of each Outstanding Option, the Optionee agreed (i) not to disclose
any trade secrets of, or other confidential/restricted information of, American Airlines,
Inc. (“American”) or its Affiliates to any unauthorized party and (ii) not to make any
unauthorized use of such trade secrets or confidential or restricted information during his
or her employment with American or its Affiliates or after such employment is terminated,
and (iii) not to solicit any then current employees of American or any other subsidiaries
of the Corporation to join the Optionee at his or her new place of employment after his or
her employment with American or its Affiliates is terminated. Nothing in this SAR
Amendment shall be interpreted or construed to modify, limit or reduce in any way
Optionee’s obligations with respect to such covenants.

     8. Securities Law Requirements. The Corporation shall not be required to issue shares
upon the exercise of any Outstanding Option or any SAR unless and until (a) such shares have been
duly listed upon each stock exchange on which the Corporation’s Stock is then registered and (b) a
registration statement under the Securities Act of 1933 with respect to such shares is then
effective. The Board or the Committee may require the Optionee to furnish to the Corporation, prior
to the issuance of any shares of Stock in connection with the exercise of any Outstanding Option or
any SAR, an agreement, in such form as the Board or the Committee may from time to time deem
appropriate, in which the Optionee represents that the shares acquired by him upon such exercise
are being acquired for investment and not with a view to the sale or distribution thereof.

     9. Outstanding Option and SAR Subject to 1998 Plan. The Outstanding Option and the SAR
shall be subject to all the terms and provisions of the 1998 Plan and the Optionee shall abide by
and be bound by all rules, regulations and determinations of

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the Board or Committee now or hereafter made in connection with the administration of the 1998
Plan. Capitalized terms not otherwise defined herein shall have the meanings set forth for such
terms in the 1998 Plan.

     10. American Jobs Creation Act. In addition to amendments permitted by Section 7(a)
above, amendments to this SAR Amendment and to any of the option agreements underlying each
Outstanding Option may be made by the Corporation, without the Optionee’s consent, in order to
ensure compliance with the American Jobs Creation Act of 2004. And, further, amendments may be
made to the 1998 Plan to ensure such compliance, which amendments may impact this SAR Amendment.

     IN WITNESS WHEREOF, the Corporation has executed this SAR Amendment as of the day and year
first above written.

	 	 	 	 	 
	 	AMR Corporation

 	 
	 	By:  	
 	 
	 	 	Kenneth W. Wimberly 	 
	 	 	Corporate Secretary 	 
	 

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