Document:

exv10w23

 

Exhibit 10.23

November 29, 2006

Mr. David L. Boren

Office of the President

University of Oklahoma

660 Parrington Oval, Room 110

Norman, OK 73019

Dear David:

     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 Molly Boren. 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/ David L. Boren
 

David L. Boren

	 	 
	 
	Dec. 6, 2006
 

Dateexv10w33

 

Exhibit 10.33

December 21, 2006

Mr. Armando M. Codina

Chairman

Codina Group, Inc.

355 Alhambra Circle, Suite 900

Coral Gables, FL 33134

Dear Armando:

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 Margarita Codina. 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/ Armando M. Codina
	 	 
	 

Armando M. Codina

	 	 
	 
	12/26/06
	 	 
	 

Dateexv10w34

 

Exhibit 10.34

December 21, 2006

Mr. Armando M. Codina

Chairman

Codina Group, Inc.

355 Alhambra Circle, Suite 900

Coral Gables, FL 33134

Dear Armando:

     Pursuant to deferral agreements (collectively, the “Deferral Agreements”) entered into prior
to the date of this letter agreement and the Directors’ Stock Equivalent Purchase Plan, as amended
(the “Plan”), you have previously deferred, for the period of time specified in such Deferral
Agreements, the payment of fees and retainers 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. (collectively, the “Fees”) for years prior to 2007, and you agreed that the Fees would be
converted to Stock Equivalent Units in accordance with the Plan. You would like to amend the date
for the distribution of the Stock Equivalent Units corresponding to the Fees that have not been
paid to you as of the date of this letter agreement (collectively, the “Outstanding Stock
Equivalent Units”) as described below.

     1. Consistent with the exemption under Section 409A of the Internal Revenue Code of 1986, as
amended for amounts payable prior to January 1, 2005, all Outstanding Stock Equivalent Units
accrued pursuant to the Plan for your board service for periods preceding January 1, 2005 will be
deferred and paid to you as follows:

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

     In the event of your death, the number of such Outstanding 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 Margarita Codina. The payment
contemplated by this paragraph will be made on the 30th business day following the date of your death.

 

 

     2. In accordance with Internal Revenue Service Notice 2006-79, the Outstanding Stock
Equivalent Units accrued pursuant to the Plan for your board service for the periods January 1,
2005 through December 31, 2005 and January 1, 2006 through December 31, 2006 will be deferred and
paid to you as follows:

     On the 30th business day after the date when you cease to be a Director of AMR
Corporation, the Outstanding Stock Equivalent Units accrued for such period pursuant to the Plan
will be converted to cash and paid to you by multiplying the number of such Outstanding Stock
Equivalent Units by the fair market value during the month when you ceased to be a Director of AMR
Corporation.

     In the event of your death, the number of such Outstanding 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 Margarita Codina. The payment
contemplated by this paragraph 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/ Armando M. Codina
 

Armando M. Codina

	 	  
	 
	 	 
	12/26/06
 

Dateexv10w39

 

Exhibit 10.39

November 29, 2006

Mr. Earl G. Graves

Chairman and CEO

Earl G. Graves Ltd.

130 Fifth Avenue

New York, New York 10011

Dear Earl:

     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 Barbara Graves. 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/ Earl G. Graves
 

Earl G. Graves

	 	  
	 
	 	 
	5 December 2006
 

Dateexv10w44

 

Exhibit 10.44

November 29, 2006

Mrs. Ann M. Korologos

3150 South Street, NW, Apt. 2A

Washington, D.C. 20007

Dear Ann:

     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 Tom Korologos. 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/ Ann M. Korologos
 

Ann M. Korologos

	 	  
	 
	 	 
	12-6-06
 

Date

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