US Airways 2003 Annual Report Download - page 126

EXHIBIT 10.2
US AIRWAYS UNFUNDED
EXECUTIVE DEFINED CONTRIBUTION PLAN
This Plan is established as of the 16th day of October, 2003, by US AIRWAYS, INC., a Delaware corporation, as an unfunded nonqualified deferred
compensation plan that benefits a select group of management or highly compensated employees.
WHEREAS, it is in the best interests of the Company to employ and retain competent and loyal management personnel; and
WHEREAS, certain executives of the Company have previously participated in and been provided supplemental executive retirement arrangements
with the Company, as evidenced by the Prior SERPs; and
WHEREAS, the Company desires to reward its executives for their services, to encourage the continued employment of the executives with the
Company and to promote the executives' devotion to duties on behalf of the Company by providing a supplemental executive retirement benefit; and
WHEREAS, as part of the recent First Amended Joint Plan of Reorganization of US Airways Group, Inc. and its Affiliated Debtors and Debtors-in-
Possession, dated January 17, 2003 (the "Reorg Plan"), the Company has agreed to continue to provide the supplemental executive retirement arrangements
outlined in the Prior SERPs, modified as outlined in the Reorg Plan; and
WHEREAS, in order to effectuate the modifications outlined in the Reorg Plan, the Company and the executives have agreed to amend and restate the
Prior SERPs, a portion of which shall be provided under this Plan, and therefore, this document (together with the US Airways Funded Executive Defined
Contribution Plan and the relevant Participation Agreements) shall be considered an amendment and restatement of the Prior SERPs;
WHEREAS, as part of this amendment and restatement, and as provided under the Reorg Plan, the supplemental executive retirement arrangements
shall be converted from their prior defined benefit format into a defined contribution format; and
WHEREAS, the Company wishes to use this amended and restated Unfunded Executive Defined Contribution Plan to provide supplemental retirement
benefits to certain executives listed on Exhibit A who do not currently have Prior SERPs;