Document:

exv10w96

 

Exhibit 10.96

US Airways Group, Inc.

2005 Equity Incentive Plan

Stock Bonus Award Agreement

for nonemployee directors

     Pursuant to this Stock Bonus Award Agreement (“Award Agreement”), US Airways Group, Inc. (the
“Company”) has awarded you a Stock Bonus Award (the “Award”) as an Annual Award under the
Non-Discretionary Grant Program of the US Airways Group, Inc. 2005 Equity Incentive Plan (the
“Plan”). Except where indicated otherwise, terms not explicitly defined in this Award Agreement
but defined in the Plan shall have the same meaning as set forth in the Plan.

     The details of your Award are as follows:

     1. Name of eligible director.                                         .

     2. Date of Grant. Your Award has been granted as of                     .

     3. Shares of Common Stock Subject to Your Award. The number of shares of Common
Stock subject to your
Award is                     .

     4. Payment. This Award was granted in consideration of your services to the
Company. You will not be required to make any payment to the Company (other than your past and
future services to the Company) with respect to your Award.

     5. Vesting. The Common Stock subject to your Award is immediately vested on the
Date of Grant.

     6. Delivery of Shares. The Company will deliver to a broker designated by the
Company (the “Designated Broker”), on your behalf, the number of shares of the Company’s Common
Stock subject to your Award, as soon as practicable after the Date of Grant, in the form of
electronic entry evidencing such shares.

     7. Dividends. You will be entitled to receive payments equal to any cash
dividends and other distributions paid with respect to the shares of Common Stock subject to your
Award. Any cash dividends paid with respect to your Award will be paid at the same time that
dividends are paid to the Company’s shareholders.

     8. Securities Law Compliance. Notwithstanding anything to the contrary
contained herein, you will not be issued any shares of Common Stock under your Award unless
either (a) such shares are then registered under the Securities Act, or (b) the Company has
determined that such issuance would be exempt from the registration requirements of the
Securities Act. Your Award also must comply with other applicable laws and regulations governing
the Award, and you will not receive
any shares of Common Stock under your Award if the Company determines that such receipt
would not be in material compliance with such laws and regulations.

 

 

     9. Notices. Any notices provided for in the Plan shall be given in
writing and shall be deemed effectively given upon receipt or, in the case of notices delivered
by the Company to you, five (5) days after deposit in the United States mail, postage prepaid,
addressed to you at the last address you provided to the Company.

     10. Miscellaneous.

          (a) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of your
Award and this Award Agreement.

          (b) You acknowledge and agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully
understand all provisions of your Award and this Award Agreement.

          (c) This Award Agreement will be subject to all applicable laws, rules, and regulations, and
to such approvals by any governmental agencies or national securities exchanges as may be required.

          (d) All covenants, agreements and obligations of the Company under the Plan and this Award
Agreement will be binding on any successor to the Company, whether the existence of such successor
is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company.

          (e) This Award Agreement and the Plan set forth the entire understanding between you and the
Company regarding your Award and supersedes all prior oral and written agreements relating to your
Award.

     11. Headings. The headings of the Sections in this Award Agreement are
inserted for convenience only and shall not be deemed to constitute a part of this Award
Agreement or to affect the meaning of this Award Agreement.

     12. Severability. If all or any part of this Award Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness
or invalidity shall not invalidate any portion of this Award Agreement or the Plan not declared
to be unlawful or invalid. Any Section of this Award Agreement (or part of such a Section) so
declared to be unlawful or invalid shall, if possible, be construed in a manner which will give
effect to the terms of such Section or part of a Section to the fullest extent possible while
remaining lawful and valid.

     13. Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject
to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the Plan. In the event there
is any conflict between your Award, this Award Agreement and the Plan, the provisions of the Plan
shall control.

2

 

     IN WITNESS WHEREOF, the parties have caused this Award Agreement to be executed as
of the date written below:

	 	 	 	 	 	 	 
	 	 	US AIRWAYS GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 

	 	 

3exv10w106

 

Exhibit 10.106

November 15, 2007

[Name of Director]

[Address of Director]

Dear [Name of Director]:

The purpose of this letter agreement (the “Agreement”) is to set forth certain contractual
obligations of the parties with respect to positive space travel benefits to be provided to you as
a member of the Board of Directors (the “Board”) of US Airways Group, Inc. (the “Company”).

Directors Travel Program

So long as you continue to serve as a member of the Board (a “Director”), you, your spouse or
authorized domestic partner, and your dependent children will be eligible to participate in the
Positive Space Pleasure Travel Program for Members of the Board of Directors, as that program
exists from time to time, or any similar travel program for Directors sponsored by the Company (the
“Directors Travel Program”). The benefits provided under the Directors Travel Program are subject
to the terms and conditions set forth in the official program document, a copy of which is attached
hereto and is incorporated into this Agreement. Except as set forth under “Director Resignation”
and “Obligations of Successors” below, your eligibility to participate in the Directors Travel
Program will cease, and all travel must be completed, as of the date that you no longer are serving
as a Director.

Director Resignation

Upon your separation from service from the Board while in good standing, you, your spouse or
authorized domestic partner, and your dependent children will remain eligible to participate in the
Directors Travel Program, as described above, (a) for a period of five years if you served as a
Director for at least two years, or (b) for your lifetime if you served as a Director for at least
seven years; provided that no tax gross up will be provided for program benefits. Your right to
post-separation travel benefits, as set forth in this Agreement, is not subject to liquidation or
exchange for another benefit. In addition, the amount of post-separation travel benefits provided
to you, your spouse or authorized domestic partner, and your dependent children during a given
taxable year may not affect the travel benefits to be provided, if any, during any other taxable
year.

 

 

You, your spouse or authorized domestic partner, and your dependent children will become ineligible
to participate in the Directors Travel Program, and you, your spouse or authorized domestic
partner, and your dependent children will forfeit the right to all benefits thereunder, if any of
you becomes an employee, director, 10 or more percent stockholder of, or partner in, or, without
the written consent of the Company’s chief executive officer, a consultant to, any airline or
company which intends to form an airline that operates or proposes to operate jet aircraft to carry
passengers in United States domestic transportation (a “Prohibited Entity”). Eligibility to
participate in the Directors Travel Program will be reinstated at such time as your, your spouse’s
or domestic partner’s, or you dependent children’s employment or relationship with the Prohibited
Entity is terminated.

Obligations of Successors

Upon the occurrence of any Transaction (as defined below), any successor to the Company or US
Airways, Inc. (“US Airways”) or their assets shall be obligated to continue the benefits to be
provided pursuant to the section “Director Resignation” above. Such benefits shall be provided
across the successor’s combined airline system, and in the successor’s flight club(s) and at the
highest status level of the successor’s frequent flyer program following the Transaction.

The Company shall not consummate any Transaction unless any successor to the Company or US Airways
or their assets has entered into a written agreement for the benefit of the Directors pursuant to
which it has expressly assumed the performance of the obligations described in the preceding
paragraph.

For purposes of this letter agreement, a “Transaction” means the occurrence of any of the
following:

	 	(a)	 	within any 12-month period, the individuals who constitute the Board at the
beginning of such period (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, that any individual becoming a
director subsequent to the effective date of this Agreement whose election, or
nomination for election by the Company’s stockholders, was approved by a vote of at
least two-thirds of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board; or
	 
	 	(b)	 	any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
other than the Company or US Airways, acquires (directly or indirectly) the beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
more than 50% of the combined voting power of the then outstanding voting securities
of the

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	 	 	 	Company or US Airways entitled to vote generally in the election of directors
(“Voting Power”); or
	 
	 	(c)	 	the Company or US Airways shall consummate a merger, consolidation or
reorganization of the Company or US Airways or any other similar transaction or series
of related transactions (collectively, a “Merger Transaction”) other than (A) a Merger
Transaction in which the voting securities of the Company or US Airways outstanding
immediately prior thereto become (by operation of law), or are converted into or
exchanged for, voting securities of the surviving corporation or its parent
corporation immediately after such Merger Transaction that are owned by the same
person or entity or persons or entities as immediately prior thereto and possess at
least 50% of the Voting Power held by the voting securities of the surviving
corporation or its parent corporation, or (B) a Merger Transaction effected to
implement a recapitalization of the Company or US Airways (or similar transaction) in
which no person (excluding the Company or US Airways or any person who held more than
50% of the Voting Power immediately prior to such Transaction) acquires more than 50%
of the Voting Power; or
	 
	 	(d)	 	the Company or US Airways shall sell or otherwise dispose of, or consummate a
transaction or series of related transactions providing for the sale or other
disposition of, all or substantially all of the stock or assets of US Airways or shall
enter into a plan for the complete liquidation of either the Company or US Airways.

Miscellaneous

This Agreement constitutes the entire agreement between you and the Company regarding travel
benefits and is the complete, final, and exclusive embodiment of our agreement with regard to this
subject matter, and it supersedes any other agreements or promises made to you by the Company,
whether oral, written or implied, regarding travel benefits. The Agreement is entered into without
reliance on any promise or representation other than those expressly contained herein.

This Agreement shall be governed by and construed under the laws of the State of Delaware in all
respects as such laws are applied to agreements among Delaware residents entered into and performed
entirely within Delaware.

This Agreement shall inure to the benefit of, and be binding upon the Company and its successors
and assigns, including without limitation, any person or entity that may hereafter acquire or
succeed to all or substantially all of the business or assets of the Company or US Airways by any
means whether direct or indirect, by purchase, merger, consolidation or otherwise, other than in
the vent of a liquidation of the Company or US

-3-

 

Airways. This Agreement and the benefits and obligations hereunder may not be assigned by
you.

If you are in agreement with the terms of this Agreement, please execute the enclosed copy hereof
and return it to the Company, whereupon this letter agreement will become a binding obligation of
the parties hereto.

Sincerely,

US AIRWAYS GROUP, INC.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	 

	 	 

	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	ACKNOWLEDGED AND AGREED TO:	 	 
	 
	 	 	 	 
	   	 	 
	[Name of Director]	 	 

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