Document:

Letter from FINOVA to Philip A. Donnelly dated February 20, 2006

 Exhibit 10.P.9 
  

	
	

	        FINANCIAL INNOVATORS
	
	                    THE FINOVA GROUP INC.
	                    4800 N. SCOTTSDALE ROAD
	                    SCOTTSDALE, AZ 85251-7623
	
	                    TEL 480-636-4800/ 800 7FINOVA
	                    INTERNET www.finova.com

 February 20, 2006 
 Dear Philip Donnelly, 
 This letter restates your severance benefits. 
 Base Severance 
  

	 	1)	Base severance - in the event you are involuntarily terminated for reasons other than cause or performance, you will be eligible to receive severance pay in a lump sum, less
applicable taxes, equal to 4 weeks for each full year of service prorated for partial years with a minimum of 52 weeks and a maximum of 78 weeks of base salary. As of this writing, your base severance is equal to 52 weeks. 

Additional Severance 
  

	 	2)	In recognition of your contribution during 2003, in addition to the base severance pay detailed in (1) above, you were given another 12.57 weeks of severance.

  

	 	3)	In recognition of your contribution during 2004, in addition to the base severance pay detailed in (1) and the additional severance detailed in (2) above, you have been
awarded another 10.40 weeks of severance. 

  

	 	4)	In recognition of your contribution during 2005, in addition to the base severance pay detailed in (1) and the additional severance detailed in (2) and (3) above, you
have been awarded another 14.63 weeks of severance 

 You may have the opportunity to be awarded additional severance weeks for future years.
Those awards are discretionary and based upon the criticality of your position and your performance. 
 The total of your base and additional severance weeks
may exceed the 78-week maximum stated in (1) above. 
 Funding for the payment of severance is secured in the FINOVA Severance Trust. 
 Since the task of liquidating the portfolio cannot be forecast precisely, it is difficult to predict our staffing needs, but every effort will be made to give you at
least 30 days notice of your termination date. 

 COBRA 
 The
Company will pay COBRA premiums medical, dental and vision on your behalf for a period of time equal to the number of weeks of your base severance pay (item (1) above), rounded to the next whole month with a minimum of 12 months up to a maximum
of 18 months. You must be a participant in the Plans at the time you are terminated and enroll in COBRA by sending the enrollment material to Aetna COBRA Administration to receive this benefit. The additional severance weeks granted to you for 2003,
2004 and 2005 in items (2), (3) and (4) above will not be eligible for Company paid COBRA premiums nor will any additional weeks granted in the future through that program. As of this writing, you are entitled to 12.00 months of company
paid medical, dental and vision. 
 Career Continuation Counseling 
 You will also receive executive career-planning services to help you obtain future employment. Our outplacement vendor at this time is Lee Hecht Harrison. You are entitled to their 12-month program. Additional details
about the program benefits will be communicated to you at the time of your severance. 
 Other Severance Benefits 
 Financial/Estate Planning 
 You are eligible for financial/estate
planning services for up to 12 months from your termination date. The Company will reimburse you up to $8,000 for the costs incurred by you and/or your spouse in connection with financial counseling. The advice is to be provided by a licensed
financial advisor of your choosing. This service includes, but is not restricted to tax preparation. 
 Exec-U-Care 
 You are eligible to continue your Exec-U-Care services for 12 months from your termination date. The Exec-U-Care program is used to pay for medical, dental or vision
services not covered by the group health plans up to a total of $5,000 each calendar year. Co-payments, deductibles and any out of pocket costs associated with dental and doctor visits are covered benefits under this program. Exclusions and
limitations of the program are in the enrollment information you already have. 
 Executive Physical Exam Benefit 
 You are eligible to be reimbursed up to $3,200 for one annual physical during the calendar year of your termination and one annual physical during the calendar year
following your termination date. The physical can be arranged either through your primary care physician or at a medical facility of your choosing. The physical include a comprehensive physical exam, associated laboratory work, audiogram, glaucoma
screening, resting electrocardiogram, chest x-ray, treadmill stress test and associated laboratory work, as applicable. 
 Resignations and
Terminations for Cause or Performance 
 If you voluntarily resign or are terminated for cause or performance at any time, you are not eligible
to receive severance benefits. 
 Nothing in this letter forms a contract of employment for any specific duration or on any specific terms, and FINOVA
retains the right to terminate your employment at any time. 

 This letter is subject to the terms of applicable policies and the specific plans relating to the matters noted above,
such as FINOVA’s Severance Pay Plan, Enhanced Severance Plans, the Annual Bonus Plans and the Employee Severance and Bonus Trusts, which are incorporated by reference. If those policies or plans conflict with this letter, the terms most
beneficial to the employee shall control. 
 If you have any questions, please feel free to call me at 480-636-6544.

 Sincerely, 
  

	
	 /s/ Susan DeFelice

	Susan DeFelice
	Vice President – HR & Benefits

 Employee Acceptance 
 In signing below you are agreeing to the terms of this letter. You are also acknowledging your understanding that you are not able to voluntarily terminate employment and still receive any severance payment. 
  

			
	 	 	 /s/ Philip A. Donnelly

		 	Philip A. Donnelly
		
		 	Date: February 22, 2006Letter from FINOVA to Richard A. Ross dated February 20, 2006

 Exhibit 10.P.10 
  

	
	 

	         FINANCIAL INNOVATORS

	
	                     THE FINOVA
GROUP INC.

	                     4800 N. SCOTTSDALE
ROAD

	                     SCOTTSDALE, AZ
85251-7623

	
	                     TEL 480-636-4800/ 800
7FINOVA

	                     INTERNET
www.finova.com

 February 20, 2006 
 Dear Richard Ross, 
 This letter restates your severance benefits. 
 Base Severance 
  

	 	1)	Base severance - in the event you are involuntarily terminated for reasons other than cause or performance, you will be eligible to receive severance pay in a lump sum, less
applicable taxes, equal to 4 weeks for each full year of service prorated for partial years with a minimum of 52 weeks and a maximum of 78 weeks of base salary. As of this writing, your base severance is equal to 52.00 weeks.

 Additional Severance 
  

	 	2)	In recognition of your contribution during 2003, in addition to the base severance pay detailed in (1) above, you were given another 12.70 weeks of severance.

  

	 	3)	In recognition of your contribution during 2004, in addition to the base severance pay detailed in (1) and the additional severance detailed in (2) above, you have been
awarded another 16.25 weeks of severance. 

  

	 	4)	In recognition of your contribution during 2005, in addition to the base severance pay detailed in (1) and the additional severance detailed in (2) and (3) above, you
have been awarded another 15.48 weeks of severance. 

 You may have the opportunity to be awarded additional severance weeks for future years.
Those awards are discretionary and based upon the criticality of your position and your performance. 
 The total of your
base and additional severance weeks may exceed the 78-week maximum stated in (1) above. 
 Funding for the payment of
severance is secured in the FINOVA Severance Trust. 
 Since the task of liquidating the portfolio cannot be forecast precisely, it is difficult to predict
our staffing needs, but every effort will be made to give you at least 30 days notice of your termination date. 

 COBRA 
 The Company will pay COBRA premiums for medical, dental and vision on your behalf for a period of time equal to the number of weeks of your base severance pay (item (1) above), rounded to the next whole month
with a minimum of 12 months up to a maximum of 18 months. You must be a participant in the Plans at the time you are terminated and enroll in COBRA by sending the enrollment material to Aetna COBRA Administration to receive this benefit. The
additional severance weeks granted to you for 2003, 2004 and 2005 in items (2), (3) and (4) above will not be eligible for Company paid COBRA premiums nor will any additional weeks granted in the future through that program. As of this
writing, you are entitled to 12 months of company paid medical, dental and vision. 
 Career Continuation
Counseling 
 You will also receive executive career-planning services to help you obtain future employment. Our outplacement vendor at this time is
Lee Hecht Harrison. You are entitled to their 12-month program. Additional details about the program benefits will be communicated to you at the time of your severance. 
 Other Severance Benefits 
 Financial/Estate Planning 
 You are eligible for financial/estate planning services for up to 12 months from your termination date. The Company will reimburse you up to $8,000 for the costs incurred
by you and/or your spouse in connection with financial counseling. The advice is to be provided by a licensed financial advisor of your choosing. This service includes, but is not restricted to tax preparation. 
 Exec-U-Care 
 You are eligible to continue your Exec-U-Care services
for 12 months from your termination date. The Exec-U-Care program is used to pay for medical, dental or vision services not covered by the group health plans up to a total of $5,000 each calendar year. Co-payments, deductibles and any out of pocket
costs associated with dental and doctor visits are covered benefits under this program. Exclusions and limitations of the program are in the enrollment information you already have. 
 Executive Physical Exam Benefit 
 You are eligible to be reimbursed up to $3,200 for one annual physical during the
calendar year of your termination and one annual physical during the calendar year following your termination date. The physical can be arranged either through your primary care physician or at a medical facility of your choosing. The physical
include a comprehensive physical exam, associated laboratory work, audiogram, glaucoma screening, resting electrocardiogram, chest x-ray, treadmill stress test and associated laboratory work, as applicable. 

 Resignations and Terminations for Cause or Performance 
 If you voluntarily resign or are terminated for cause or performance at any time, you are not eligible to receive severance benefits. 
 Nothing in this letter forms a contract of employment for any specific duration or on any specific terms, and FINOVA retains the right to terminate your employment at
any time. 
 This letter is subject to the terms of applicable policies and the specific plans relating to the matters noted above, such as FINOVA’s
Severance Pay Plan, Enhanced Severance Plans, the Annual Bonus Plans and the Employee Severance and Bonus Trusts, which are incorporated by reference. If those policies or plans conflict with this letter, the terms most beneficial to the employee
shall control. 
 If you have any questions, please feel free to call me at 480-636-6544. 
 Sincerely, 
  

	
	 /s/ Susan DeFelice

	 Susan DeFelice

	 Vice President – HR & Benefits

 Employee Acceptance 
 In signing below you are agreeing to the terms of this letter. You are also acknowledging your understanding that you are not able to voluntarily terminate employment and still receive any severance payment. 
  

			
		 	 /s/ Richard A. Ross

		 	Richard A. Ross
		
		 	 Date: February 23, 2006

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