US Airways 2003 Annual Report Download - page 132

work pursuant to the birth of a child, pregnancy, adoption, or caring of a child for a period following the birth or adoption (or placement for adoption)
of such child, for the period beginning on the first date of such absence and ending on the first anniversary of the first date of absence, the Participant
shall be treated as employed for all purposes of the Plan, including, without limitation, attainment of age and service.
(d) Timing of Allocations. Allocations shall be made to the Participants' Accounts in the form of a bookkeeping entry monthly according to
determinations to be made on the bases outlined in Section 4.1(a) and (b) above, the Participation Agreement, and the administrative provisions of
Article VII.
(e) Interest on Allocations. The Company shall credit the Participant's Account with an interest on each Allocation at a rate of 8% per annum
during the time period beginning on the date of such Allocation and ending on the Participant's Normal Retirement Date. Such interest shall be credited
to the Participant's Account on an annual basis, with an additional amount being credited on the Participant's date of termination of employment or the
Normal Retirement Date to account for the portion of the interest payable for the year during which such termination of employment or the Normal
Retirement Date occurs.
Section 4.2 Vesting. A Participant shall at all times be 100% vested in his or her Account balance under this Plan.
ARTICLE V
PAYMENT OF BENEFITS
Section 5.1 Form of Payment. All benefits payable under this Plan shall be in the form of a lump-sum cash payment.
Section 5.2 Time of Payment of Retirement Benefit. The payment of a Participant's Retirement Benefit shall only be made after the end of the calendar
month in which the Participant terminates employment; provided, however, that if the Participant terminates employment prior to the Participant's attainment
of Normal Retirement Age, such payment will be made consistent with the provisions for payment prior to Normal Retirement Age under the Nonqualified
Plan for Pilots of US Airways, Inc. As soon as practicable following the Participant's termination of employment, the Company shall distribute the
Participant's Account balance to the Participant. Payment will be made from the Company's general assets.
Section 5.3 Termination by Reason of Death. If a Participant dies prior to receiving payment of his or her Retirement Benefit, payment shall be made to
the beneficiary or beneficiaries designated by the Participant by written instruction delivered to the Administrator during the Participant's lifetime. A
Participant may designate one or more primary and contingent beneficiaries to receive his or her Retirement Benefit, and may designate the proportions in
which such beneficiaries are to receive such payments. The Participant may change such designations from time to time, and the last written designation filed
with the Administrator prior to the Participant's death shall control. If a Participant fails to specifically designate a beneficiary, or if no designated beneficiary
survives the Participant, payment shall be made by the Administrator in the following order of priority:
(a) to the Participant's surviving spouse; or
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