US Airways 2003 Annual Report Download - page 117
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1.26 "Years of Credited Service" shall mean the total number of years of service which are credited to a Participant for purposes of this Plan at any
given date pursuant to the Participation Agreement entered into between the Participant and the Company.
ARTICLE II
PARTICIPATION
Section 2.1 Commencement of Participation. As of the Effective Date, the individuals listed on Exhibit A shall be Participants in the Plan. The
Administrator may, at any time and from time to time, designate key management or highly compensated employees to become eligible for the Plan, and shall
specify an effective date for each such Participant's participation. Only individuals who are employees of the Company may participate in the Plan.
Section 2.2 Cessation of Participation. In the event a Participant's entire Account is distributed pursuant to the terms of the Plan, such Participant will no
longer be a Participant in the Plan.
ARTICLE III
RETIREMENT BENEFIT
Section 3.1 Amendment and Restatement of Prior SERP Retirement Benefit. As of the Effective Date, as provided in the Reorg Plan, any benefit that
had accrued for a Participant under all Prior SERPs shall be amended and restated as the benefit provided by this Plan (and by the US Airways Unfunded
Executive Defined Contribution Plan). Upon the Effective Date of this Plan, no Participant shall have a current or future claim for benefits, payments or other
rights or claims under any Prior SERP.
Section 3.2 Amount of Retirement Benefit. Each Participant shall be entitled to receive a lump sum benefit equal to the actual value of his or her
Account balance under this Plan (determined as of the end of the calendar month in which the Participant terminates employment).
ARTICLE IV
CONTRIBUTIONS AND VESTING
Section 4.1 Contributions.
(a) Scheduled Contributions. The Company shall provide a schedule specifying the amount of Contribution ("Scheduled Contribution") to be
made by each Determination Date to the account of each Participant who is employed by the Company on such Determination Date in such Participant's
Participation Agreement.
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