Document:

Offer Letter - Biffle

 Exhibit 10.21 

 

 

 REVISED 
 January 27, 2005 
 VIA FEDERAL EXPRESS 

Mr. Barry Biffle 
 [Address] 

Dear Barry: 
 On behalf of Spirit Airlines,
Inc., I would like to take this opportunity to welcome you and confirm the terms of our offer of employment. We believe that such an association would be mutually beneficial, and we are enthusiastic about having you join Spirit. 

Your title will be Senior Vice President, and Chief Marketing Officer and you will report to Ben Baldanza, President & Chief Operating Officer.
Your annual salary will be $200,000.00, and you will commence employment on February 21, 2005. Spirit will also provide you with a monthly car allowance of $500. You will be eligible for the Profit Sharing Plan per Company policy. 

The company is in the final stage of finalizing an equity-sharing plan for executives and you will be provided an entitlement equivalent to 0.75% of the
company’s common stock under the same terms and conditions as offered to the SVPs. 
 On your start date, you will be eligible for
company-paid employee benefits, which include medical, life and dental insurance, and participation in Section 125 Flexible Benefits Plan. At that time, you and your family will be eligible for unlimited positive space airline travel privileges
on Spirit. You will also receive travel privileges on other specified airlines per their respective agreements. 
 You will be eligible for the
401K Plan participation according to the 401K Plan guidelines and company paid long-term disability after one year of employment. You will also be eligible for three weeks’ vacation in your first year of employment and going forward.

 In an effort to assist you with relocation to your new position in Miramar, Spirit will provide you with up to $50,000.00 of relocation funds
which may also be used for lease termination costs or closing costs (excluding down payment or deposit) of housing transactions, $10,000.00 of which will not require receipts. (Please refer to Moving Expenses and Brief Overview, which is enclosed.)
Such items as moving household goods are not taxable, but please note that the IRS considers some other Reimbursable Expenses as taxable wages. You may want to consult a tax advisor for specific individual information. 

  Page
 2
 
 Barry / Revised Offer Letter 
 January 27, 2005 
  

 For moving household goods, please obtain at least one estimate, including one from the following
company. The estimate must be submitted to Lew Graham, Controller, for approval prior to your move. (We have negotiated a discount agreement with the following company.) 
 ACE Relocation Systems, Inc:            (800) 321-8104, ext. 215, ask for Laura Hansen 
 To further assist you with your relocation, Spirit will pay for your meals, temporary housing for up to 90 days and a rental car for the first 30 days. 

Should you decide not to remain in the position for which you were relocated for a minimum of one (1) year, you will be responsible for repayment of
the relocation funds reimbursed to you. 
 As a confirmation of your agreement and acceptance of this offer, please sign and date below and
return this original offer letter in the enclosed self-addressed envelope. You will also need to fully complete and return the New Hire Paperwork at your earliest convenience prior to your start date. Should you have any questions, please do not
hesitate to let me know. We look forward to you joining the Spirit Organization, and hope you will find your association with Spirit Airlines, Inc. to be challenging and rewarding. 

 

					
	Sincerely,	 		  	Agreed & Accepted,
			
	SPIRIT AIRLINES, INC.	 		  	
			
	 /s/ Ceciley Bachnik
	 		  	 /s/ Barry
Biffle                                        
    2/4/05

	Ceciley Bachnik, Vice President	 		  	Barry
Biffle                                        
         Date
	People Services Department	 		  	

  

							
	cc:	  	Ben Baldanza, President & Chief Operating Officer	  	

		  	Lew Graham, Controller	  
	  
 Enclosures:
	  	  
 New Hire Packet

Employee Handbook
 Moving Expenses -
Overview
 Moving Expense Reimbursement/Reconciliation Form
 Self Addressed EnvelopeOffer Letter - Canfield

 Exhibit 10.22 

 

 

 CONFIDENTIAL 
 September 10, 2007 
 Thomas C. Canfield 

[Address] 
 Dear Thomas: 

On behalf of Spirit Airlines, Inc. (the “Company”), I would like to take this opportunity to confirm the terms of Spirit’s offer of
employment. We believe that such an association would be mutually beneficial, and we are enthusiastic about having you join the Company. 
 Your
title will be Senior Vice President and General Counsel, and you will report directly to me. Your initial annual base salary will be $275,000, payable in accordance with the regular company payroll which is currently semi-monthly. Your base salary
will be reviewed not less than annually. This offer is contingent upon you passing the necessary Company and TSA background check requirements and commencing employment no later than October 1, 2007. 

You will be eligible to participate in the Company’s Performance Incentive Plan (PIP) in 2007 at a target of 50% of your base salary and, in future
years, at not less than the same target percentage level as provided to other similarly situated members of senior management of the Company. For 2007, the metrics being used are CASM less fuel and EBITDAR. Your actual payout will be between zero
and 200% of the bonus target based on actual company performance. This amount will be pro-rated at 6/12ths of your annual target based on your start date with the Company based on the assumption you will provide assistance to Spirit Airlines prior
to your actual start date with the Company. Pre-Hire assistance will include, but not be limited to, regular meetings with Spirit Airlines senior staff to provide advice and counsel on key business issues, meetings with Spirit Airlines current
outside counsel to assess strengths, weaknesses and future use, interviewing other in house counsel who could start as soon as possible, and assessing and evaluating Latin American lobby groups or associations who could assist Spirit Airlines with
our route expansion. 
 You will also be granted 75,000 shares of the Company’s restricted stock, subject to the conditions of the
Company’s Restricted Stock Plan. This grant will be effective ten (10) days following your start date with the Company. 
 On your
start date you will be eligible for Company-paid employee benefits, which include medical, life and dental insurance, and participation in Section 125 Flexible Benefits Plan. Depending on the benefits selected there may be an employee bi-weekly
contribution. At that time, you and your family will be eligible for positive space airline travel privileges on Spirit. You will also receive travel privileges on other specified airlines per their respective agreements and polices. You are offered
three weeks vacation per year and these weeks will be available in your first year of service. 

 Thomas C. Canfield 
 September 10, 2007 
  Page
 2
 
  

 Sixty (60) days following your start date with the Company, you will become eligible for 401K Plan
participation and Company-paid Long-Term Disability according to the Plan guidelines. 
 This position qualifies you for participation in the
Spirit Airline Officer Severance Plan. Additionally you will be covered by the Company’s D&O Insurance. 
 Should you have any
questions, please do not hesitate to let me know. We look forward to you joining the Spirit Organization, and are confident that you will find your association with Spirit Airlines, Inc. to be challenging and rewarding. 

 

					
	Sincerely,	  		 	
			
	SPIRIT AIRLINES, INC.	  		 	Agreed & Accepted,
			
	 /s/ Ben Baldanza
	  		 	
/s/ Thomas C. Canfield              
                              9/28/07

	Ben Baldanza	  		 	Thomas C.
Canfield                                        
         Date
	President and CEO	  		 	

 DVK/ 
  

	cc:	Derek Van Keuren 

 Phil Reyes

 Compensation CommitteeOffer Letter - McKenzie

 Exhibit 10.23 

 

 

 CONFIDENTIAL 
 November 21, 2009 
 Mr. Kenneth Edward McKenzie 

[Address] 
 Dear Ken: 

On behalf of Spirit Airlines, Inc. (“Spirit” or the “Company”), I would like to take this opportunity to confirm the
terms of our offer of employment. We are enthusiastic about having you join Spirit. 
 Your title will be Chief Operating
Officer, and you will report to Ben Baldanza, President and Chief Executive Officer. Your annualized base salary will be $335,000. This offer is contingent upon your passing required Company and TSA background checks and a medical examination, as
well as your signing and returning this letter to us no later than November 30, 2009 and commencing on or prior to December 7, 2009. This offer is also subject to our obtaining an appropriate visa from U.S. immigration authorities prior to
your start date with us, which process will require your assistance. The employment relationship is terminable at will by either you or the Company upon notice, which may be oral or written. 

You will be eligible to participate in the Company’s Performance Incentive Plan (PIP) with respect to 2009 on the same terms as
other senior officers of the Company, provided that your participation will be on a pro-rated basis based on your start date. 

Once you have accepted this offer, Spirit management will recommend to the Compensation Committee (“Committee”) of the Board of
Directors that you be granted an initial incentive award of 125,000 shares of restricted stock of the Company, or other stock-based compensation, subject to the terms and conditions of the Company’s equity incentive plan. Subject to personal
performance, management will recommend to the Committee an annual grant to you for 2010, which grant will be awarded in or about July 2010 and which grant will be pro-rated to represent approximately one-half of your expected annual award amount.
Additional grants may be made to you on an annual basis, as scheduled for other senior executives, in the discretion of the Committee. 
 On your start date, you will be eligible for Company-sponsored employee benefits, including medical, life, dental, and vision insurance and participation in flexible benefits plan. Depending on the
benefits selected, there may be an employee contribution. In addition, you and your immediate family will be eligible for positive space airline travel privileges on Spirit. You also will receive travel privileges on other specified airlines subject
to their policies and their respective agreements with the Company. 
 After 60 days’ employment with the Company, you will
be eligible to participate in the Company’s 401K Plan and will be provided with Company-paid long term disability insurance, according to the terms and conditions of those plans. 

You will receive three weeks paid vacation per year. 
 To assist with your relocation to South Florida, the Company is prepared to reimburse you for up to $100,000 in moving-related expenses that are documented in reasonable detail (provided that, within this
allowance, individual expenses of $500 or less, and aggregating not more than $10,000, need not be documented). 

 This position qualifies you for participation in the Spirit Airlines Executive Severance
Plan. In addition, you will be covered by the Company’s D&O insurance policy. 
 Should you have any questions, please
do not hesitate to let us know. We look forward to you joining us as we build the first Ultra Low Cost Carrier in the Americas. 
  

							
	Sincerely,	 		 	
			
	SPIRIT AIRLINES, INC.	 		 	Agreed & Accepted:
			
	 /s/ Thomas C. Canfield
	 		 	 /s/ Kenneth Edward McKenzie

	Name:	 	Thomas C. Canfield	 		 	 Kenneth Edward McKenzie

	Title:	 	 SVP & General Counsel

Active VP, Human Resources
	 		 	

  
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