Document:

exv10w16

 

Exhibit 10.16

November 29, 2005

Mr. Edward A. Brennan

400 North Michigan Avenue

Suite 400

Chicago, IL 60611

Dear Ed:

          This will confirm the following agreement relating to the deferral of your director’s fees in
2006.

          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, 2006 through the date of the annual meeting of AMR
Corporation, 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. When you cease to be a Director of AMR Corporation (the “Departure Date”), the Stock
Equivalent Units accrued in 2006 pursuant to the Plan will be paid to you as follows:

	 	a)	 	20% of such units on the 30th business day following the Departure Date;
	 
	 	b)	 	20% of such units on the 1st anniversary of the Departure Date;
	 
	 	c)	 	20% of such units on the 2nd anniversary of the Departure Date;
	 
	 	d)	 	20% of such units on the 3rd anniversary of the Departure Date;
	 
	 	e)	 	20% of such units on the 4th anniversary of the Departure Date;

                    The payment will be calculated by multiplying the number of Stock
Equivalent Units to be paid
by the arithmetic mean of the high and low of AMR stock during the month immediately preceding the
payment date.

          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 Lois Brennan. 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,

Charles D. MarLett

Corporate Secretary

Accepted and agreed:

	 	 	 
	/s/ Edward A. Brennan
 

	 	 
	Edward A. Brennan
	 	 
	 
	 	 
	  12/02/2005
 

	 	 
	Dateexv10w20

 

Exhibit 10.20

November 29, 2005

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
2006.

          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, 2006 through December 31, 2006 , 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 2006 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,

Charles D. MarLett

Corporate Secretary

Accepted and agreed:

	 	 	 
	/s/ David L. Boren
 

	 	 
	David L. Boren
	 	 
	 
	 	 
	11/30/2005
 

Dateexv10w29

 

Exhibit 10.29

November 29, 2005

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 2006.

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, 2006 through December 31, 2006, 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 January 29, 2016, the Stock Equivalent Units accrued in 2006 pursuant to this agreement
will be converted to cash and paid to you by multiplying the number of such Stock Equivalent Units
as of December 31, 2015, by the arithmetic mean of the high and low of AMR stock (“fair market
value”) during December 2015.

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,

Charles D. MarLett

Corporate Secretary

Accepted and agreed:

	 	 	 
	/s/ Armando M. Codina
 

	 	 
	Armando M. Codina
	 	 
	 
	 	 
	12/07/2005
 

	 	 
	Dateexv10w33

 

Exhibit 10.33

November 29, 2005

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
2006.

          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, 2006 through December 31, 2006 , 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 2006 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,

Charles D. MarLett

Corporate Secretary

Accepted and agreed:

	 	 	 
	/s/ Earl G. Graves
 

Earl G. Graves

	 	 
	 
	 	 
	12/19/2005
 

Dateexv10w37

 

Exhibit 10.37

	 	 	 
	 

	 	November 29, 2005

Mrs. Ann M. Korologos

3150 South Street, NW

Washington, D.C. 20007

Dear Ann:

          This will confirm the following agreement relating to the deferral of your director’s fees in
2006.

          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, 2006 through December 31, 2006 , 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 2006 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,	 	 
	 
	 	 	 	 
	 

	 	Charles D. MarLett

Corporate Secretary	 	 
	 
	 	 	 	 
	Accepted and agreed:
	 	 	 	 
	 
	 	 	 	 
	/s/ Ann M. Korologos
 

	 	 
	 	 
	Ann M. Korologos

	 	 	 	 
	 
	 	 	 	 
	12/21/2005
 

	 	 
	 	 
	Date

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