Exhibit 10.14
January 22, 1996
Xx. Xxxxxxx X. Xxxx
Rock Xxxx Farm
Xxxxx 000 xx Xxxxx 000
Xxx Xxxxxx, Xxxxxxxx 00000
Dear Xx. Xxxx:
This letter confirms that in connection with the Employment
Agreement dated as of January 22, 1996 between USAir, Inc. (the
"Company") and you, the Company has agreed to provide you with the
additional benefits described herein.
For the first two years of your employment with the Company,
you will be reimbursed for living expenses incurred by you,
including expenses for living accommodations near the Company's
headquarters, in the amount of $75,000 per year.
While employed by the Company, you will be reimbursed for
reasonable expenses incurred for tax/financial planning up to an
annual maximum of $25,000. The tax and/or financial planner you
select must be approved by the Company.
Reimbursement will be made as expenses are incurred upon your
submission of appropriate documentation.
In the event USAir Group, Inc. ("Group") for any reason is
unable to award you the stock options or shares of restricted stock
described in our January 16, 1996 letter agreement, Group and/or
the Company will award you a substitute award, reasonably
acceptable to you, with value and terms substantially identical to
the value and terms such options and/or shares of restricted stock
would have had.
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Xx. Xxxxxxx X. Xxxx
January 22, 1996
Please indicate with your signature below if the foregoing
accurately sets forth our agreement on the subject matter hereof.
Sincerely yours,
/s/Xxxxxxxx X. Xxxxx
Xxxxxxxx X. Xxxxx
Vice President, Deputy
General Counsel and
Secretary
Agreed:
/s/Xxxxxxx Xxxx
___________________________
Xxxxxxx Xxxx
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