SEC Contract Filing

Filing Date: 2020-07-10

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>7
<FILENAME>d926157dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><U>EMPLOYMENT AGREEMENT </U></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">This EMPLOYMENT AGREEMENT is made and entered into on June&nbsp;24, 2015, effective as of April&nbsp;7, 2015 (the &#147;Agreement&#148;) by
and between Air Wisconsin Airlines Corporation, a Delaware corporation (the &#147;Company&#148;), and Christine R. Deister (the &#147;Executive&#148;) (collectively, the &#147;Parties&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company is engaged in the business of operating a regional airline company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company desires to employ the Executive as President and Chief Executive Officer, and the Parties desire to enter into this
Agreement to secure the Executive&#146;s employment during the Term of Employment, all on the terms and conditions set forth herein; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="justify">NOW THEREFORE, the Parties agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="7%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><U>Title</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby employs the Executive and the Executive agrees to
serve the Company as its President and Chief Executive Officer on the terms and conditions hereinafter set forth. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="7%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><U>Employment Term</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s employment by the Company as President
and Chief Executive Officer under this Agreement commenced on April&nbsp;7, 2015 (the &#147;Effective Date&#148;) and shall continue through April&nbsp;30, 2017, unless sooner terminated pursuant to Paragraph 7 below. The term of the
Executive&#146;s employment hereunder shall thereafter automatically renew for successive one year periods unless sooner terminated pursuant to Paragraph 7 below or unless either Party provides notice to the other Party, at least sixty days prior to
the commencement of the first or next such renewal period, that the term of the Executive&#146;s employment shall end upon the expiration of the then term. Such term of employment hereunder, including any such automatic renewal periods, shall
hereafter be referred to as the &#147;Term of Employment.&#148; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">1 </P>

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<TD WIDTH="7%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><U>Duties</U>. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Duties, Authority and
Directio</U><U>n</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall report directly to the Company&#146;s Board of Directors (the &#147;Board&#148;). The Executive shall perform her duties under this Agreement principally out of the Company&#146;s
Appleton, Wisconsin office. The Executive shall have all the power, authority and responsibilities customarily attendant to the position of President and Chief Executive Officer, consistent with the Company&#146;s
<FONT STYLE="white-space:nowrap">By-laws.</FONT> The Executive shall work under the direction and control of the Board. The Executive will render her services under this Agreement faithfully and to the best of her abilities and in conformance with
all laws and Company rules and policies and will cooperate fully with the Board and other executive officers of the Company in the advancement of the best interest of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exclusive Services</U>.&nbsp;&nbsp;&nbsp;&nbsp;During the Term of
Employment, the Executive shall, except during vacation periods, periods of illness and the like, devote her exclusive time and attention to