Document:

EX-10.1

 

Exhibit 10.1

LNB Bancorp, Inc. 2007 Chief Executive Officer Long Term Incentive Plan

     The purpose of the LNB Bancorp, Inc. 2007 Chief Executive Officer Long Term Incentive Plan
(the “Long Term Incentive Plan”) is to provide the Chief Executive Officer (“CEO”) of LNB Bancorp,
Inc. (the “Bancorp”) with a long term incentive to achieve superior personal performance at the
Bancorp during 2007 in order to benefit the Bancorp and its shareholders. The Long Term Incentive
Plan has been developed through communication and reflection on subjective performance goals
intended to challenge the CEO to obtain the Bancorp’s long term objectives.

     The 2007 CEO Long Term Incentive goals include, but are not limited to:

	 	1.	 	Positive assessment of changes to loan process and loan quality;
	 
	 	2.	 	Progress of Independence Loan/Treasury Office;
	 
	 	3.	 	Progress of Avon Pointe Commercial Real Estate Office;
	 
	 	4.	 	Progress and success of Morgan Bank integration;
	 
	 	5.	 	Growth in Fee Income; and
	 
	 	6.	 	New Branch performance

     The Compensation Committee (“the Committee”) of the Board of Directors of the Bancorp will
oversee the administration of the Long Term Incentive Plan. The Committee may delegate ministerial
duties to other persons and the Bancorp will furnish the Committee with clerical and other
assistance for administration of the Long Term Incentive Plan.

     The amount of the incentive payment to be paid to the CEO under the Long Term Incentive Plan
will be determined by the Committee, in its sole discretion, after December 31, 2007. This
payment, which can be up to 50% of the CEO’s base pay, is based upon the Committee’s determination
of the CEO’s achievement of the CEO’s 2007 Long Term Incentive goals. If the Committee determines
that the CEO has earned a long term incentive payment hereunder, the Committee will notify the CEO
of the amount, if any, and the long term incentive payment will be made to the CEO in cash, equity
incentive awards, or a combination thereof, no later than March 15, 2008. All payments under the
Long Term Incentive Plan will be subject to applicable tax withholding.

     The Committee will have the authority, in its sole discretion, to interpret the Long Term
Incentive Plan and to make any determinations it may deem necessary or advisable under the Plan.
Any such interpretation or determination of the Committee will be binding on the CEO.exv10w16

 

Exhibit 10.16

****TEXT OMITTED AND FILED SEPARATELY

CONFIDENTIAL TREATMENT REQUESTED

BY MESA AIR GROUP, INC.

UNDER 17C.F.R. SECTION 200.80(B)(4),

200.83 AND 240.24b-2

SEVENTH AMENDMENT TO CODE SHARE AND

REVENUE SHARING AGREEMENT AND SETTLEMENT, ASSIGNMENT

AND ASSUMPTION AGREEMENT

     THIS SEVENTH AMENDMENT TO CODE SHARE AND REVENUE SHARING AGREEMENT AND SETTLEMENT, ASSIGNMENT
AND ASSUMPTION AGREEMENT (“Seventh Amendment”) is made and entered into as of September 10, 2007
(the “Effective Date”) by and among AMERICA WEST AIRLINES, INC., a Delaware corporation (“AWA”), US
AIRWAYS, INC., a Delaware corporation (“US Airways”), MESA AIRLINES, INC., a Nevada corporation
(“Mesa”), AIR MIDWEST, INC. a Kansas corporation (“AM”), and FREEDOM AIRLINES, INC., a Nevada
corporation (“Freedom”). Mesa, AM and Freedom are referred to collectively as the “Mesa Group”.

RECITALS:

     WHEREAS, AWA and the Mesa Group are parties to that certain Code Share and Revenue Sharing
Agreement, dated to be effective February 1,2001, as amended by that certain First Amendment to
Code Share and Revenue Sharing Agreement, dated to be effective April 27, 2001, that certain Second
Amendment to Code Share and Revenue Sharing Agreement, dated to be effective October 24, 2002, that
certain Third Amendment to Code Share and Revenue Sharing Agreement, dated to be effective January
29, 2003, that certain Fourth Amendment to Code Share and Revenue Sharing Agreement, dated to be
effective September 5, 2003, that certain Fifth Amendment to Code Share and Revenue Sharing
Agreement, dated to be effective January 28, 2005, that certain Fifth Amendment to Code Share and
Revenue Sharing Agreement, dated to be effective January 28,2005 and that certain Sixth Amendment
to Code Share and Revenue Sharing Agreement, dated to be effective July 27, 2005 (collectively, the
“Code Share Agreement”);

     WHEREAS, the Code Share Agreement requires the Mesa Group to provide certain Flight Services
and Other Services for AWA, pursuant to the terms and conditions of the Code Share Agreement;

     WHEREAS, the Mesa Group and AWA desire to amend the Code Share Agreement pursuant to the
terms and conditions of this Seventh Amendment;

     WHEREAS, the Mesa Group and AWA desire to settle certain amounts payable to each other
pursuant to certain claims under the Code Share Agreement;

     WHEREAS, as part of the integration of AWA’s and US Airways’ operations, AWA and US Airways
will combine their operating certificates into one operating certificate under US Airways;

     WHEREAS, AWA wishes to assign, transfer and convey to US Airways its rights, title and
interest in and to the Code Share Agreement and US Airways wishes to accept and assume

 

**** Confidential Treatment Requested

 

 

from AWA, all of AWA’s rights, interests, liabilities, duties and obligations in, to and under the Code Share
Agreement; and

     WHEREAS, AWA, US Airways and the Mesa Group have agreed to enter into this Agreement for the
purpose of giving effect to such assignment to US Airways of AWA’s rights and interests in, to and
under the Code Share Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     Section 1. Definitions and Interpretation.

     1.1 Unless otherwise defined or the context otherwise requires, capitalized terms used in this
Seventh Amendment shall have the same meanings as in the Code Share Agreement (whether by reference
to another document or otherwise) and the following terms shall have the following meanings:

     “Effective Time” means the date AWA relinquishes its FAA operating certificate.

     Section 2.
Amendments.

     2.1 AWA, US Airways and the Mesa Group agree that Exhibit C of the Code Share Agreement is
amended by: (i) deleting the reference to $[****] in the “Ownership” line under the CRJ 900 column
and replacing such number with a reference to Note 6 and (ii) adding the following Note 6:

     “$[****] per CRJ 900 per month for [****] months from [****] through [****] and

     $[****]
per CRJ 900 per month for the remainder of the Term.”

     Section 3. Settlement. AWA, US Airways and the Mesa Group agree to the following
settlement of certain outstanding liabilities, duties and obligations contained in the Code Share
Agreement and disputes between Mesa and AWA and US Airways:

     3.1 AWA, US Airways and the Mesa Group agree that US Airways shall pay and has paid to Mesa
the sum of $7,464,008 in settlement of outstanding claims Mesa has against AWA for CRJ Model 900
“Ownership” Guaranteed Non-Maintenance Costs payable through July 2007 pursuant to Section 7.2(a)
of the Code Share Agreement (the “CRJ 900 Claims”). The Mesa Group hereby acknowledges receipt of
this settlement payment in full on August 9, 2007. The parties agree that only the CRJ 900 Claims
are being settled hereby and no other claims any party may have against any other party under the
Code Share Agreement shall be settled or affected hereby (other than the release of AWA pursuant to
Section 4.1(d) below upon the assumption hereunder by US Airways of all of AWA’s obligations, duties
and liabilities under the Code Share Agreement).

     Section 4.
Assignment and Assumption.

     4.1 At the Effective Time:

 

**** Confidential Treatment Requested

2

 

          (a) AWA hereby conveys, assigns, transfers and sets over to US Airways all of the rights,
title and interests of AWA in, to and under the Code Share Agreement (including, without
limitation, in respect of rights and interests accruing, arising or pertaining to, and matters
occurring during, the period prior to the Effective Time).

          (b) US Airways hereby accepts the conveyance, assignment and transfer contained in sub-section
(a) of this Section 4.1 and assumes and agrees to discharge, perform and satisfy all of the
obligations, duties and liabilities of AW A under the Code Share Agreement, in each case arising
prior to, at and after the Effective Time for the benefit of the Mesa Group in the time and manner
required by the Code Share Agreement to the same extent as if US Airways had executed and delivered
the Code Share Agreement. US Airways further agrees that it shall be deemed to be a party to the
Code Share Agreement and shall be bound by the terms and provisions of the Code Share Agreement,
and further agrees to observe and perform in favor of and for the benefit of the Mesa Group all
obligations, duties and liabilities of AW A under the Code Share Agreement arising prior to, at and
after the Effective Time.

          (c) The Mesa Group hereby consents to and accepts the conveyance, assignment and transfer by
AWA and the assumption by US Airways of all of the rights, title, interests, duties, liabilities
and obligations of AWA in, to and under the Code Share Agreement, and US Airways’ agreement to be
bound by the terms and provisions of the Code Share Agreement and to perform all of AWA’s
obligations, duties and liabilities under the Code Share Agreement pursuant to sub-sections (a) and
(b) of this Section 4.1.

          (d) The Mesa Group releases AWA from its obligations, duties and liabilities to the Mesa Group
arising at or after the Effective Time under the Code Share Agreement.

          (e) AWA releases the Mesa Group from its obligations, duties and liabilities to AWA arising at
or after the Effective Time under the Code Share Agreement.

          (f) The Mesa Group agrees to observe and perform in favor of and for the benefit of US
Airways all its obligations, duties and liabilities arising at or after the Effective Time
under the Code Share Agreement.

          (g) At the Effective Time, all references to “America West Airlines, Inc.” and “AWA”
shall be deleted and replaced with “US Airways, Inc.” and “US Airways”, respectively.

          (h) At the Effective Time, the notice address for AWA in Section 15.1 of the Code Share
Agreement will be amended as follows:

	 	 	 	 	 
	 

	 	“If to US Airways:
	 	US Airways, Inc.
	 

	 	 	 	4000 E. Sky Harbor Blvd.
	 

	 	 	 	Phoenix, AZ 85034
	 

	 	 	 	Attn: General Counsel
	 

	 	 	 	Telephone: (480) 693-3760
	 

	 	 	 	Facsimile: (480)693-5155

 

			
	****	 	Confidential Treatment Requested

3

 

     Each of the foregoing events and agreements in this Section 4.1 is conditional upon the
happening of the others and shall occur simultaneously. It is hereby agreed and acknowledged that
the above-described assignment and assumption of the Code Share Agreement and the resulting
releases and discharges of AWA by the Mesa Group, and of the Mesa Group by AWA, are without
prejudice to any and all rights, obligations, claims and demands, including, without limitation,
rights to indemnification under the Code Share Agreement, which AWA or the Mesa Group may have
against each other in respect of acts, omissions, events and circumstances arising prior to the
Effective Time. Notwithstanding anything contained herein, none of the parties’ respective
obligations, duties and liabilities under the Code Share Agreement shall be increased, nor shall
such parties’ rights and privileges under the Code Share Agreement be reduced, by reason of the
transactions contemplated hereby.

     Section 5. Effect. Except as set forth in this Seventh Amendment, all of the terms and
conditions of the Code Share Agreement shall remain in full force and effect and be applicable to
this Seventh Amendment.

     Section 6. Counterparts. This Seventh Amendment may be executed in counterparts, all
of which when taken together shall be one and the same document.

     Section 7. Entire Agreement. This Seventh Amendment constitutes the entire agreement
between the parties with respect to the subject matter hereof and supersedes all prior
understandings with respect thereto.

     Section 8. References to Agreement. The Code Share Agreement and any and all other
agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms
hereof, or pursuant to the terms of the Code Share Agreement as amended hereby, are hereby amended
so that any reference therein to the Code Share Agreement shall mean a reference to the Code Share
Agreement as amended hereby.

     Section 9. Agreement Remains in Effect. The Code Share Agreement, as amended hereby,
remains in full force and effect and each of the parties ratifies and confirms its agreements and
covenants contained therein.

[Signature Pages Follow]

 

**** Confidential Treatment Requested

4

 

     IN WITNESS WHEREOF, the parties have duly executed this Seventh Amendment as of the date first
above written.

	 	 	 	 	 
	 	 	AMERICA WEST AIRLINES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	US AIRWAYS, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	MESA AIRLINES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	FREEDOM
	 	AIRLINES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	AIR MIDWEST, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

[Signature Page — Seventh Amendment to Code Share Agreement]

 

			
	****	 	Confidential Treatment Requested

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]