US Airways 2003 Annual Report Download - page 172
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Exhibit 10.9
SEVERANCE AGREEMENT
Agreement dated as of March 3, 2003, between US Airways, Inc., a Delaware corporation, having a place of business at Crystal Park Four, 2345
Crystal Drive, Arlington, Virginia 22227 (the "Company") and Elizabeth K. Lanier, residing at 1505 Crystal Drive, #713, Arlington, Virginia 22227 (the
"Executive").
W I T N E S S E T H
WHEREAS, the Executive has assumed duties of a responsible nature to the benefit of the Company and to the satisfaction of its Board of Directors
(the "Board");
WHEREAS, the Board believes it to be in the best interests of the Company to enter into this Agreement to assure Executive's continuing services to
the Company including, but not limited to, under circumstances in which there is a possible, threatened or actual severance of employment or Change of
Control (as defined below) of the Company; and
WHEREAS, the Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks
created by a pending or threatened severance of employment or Change of Control and to encourage the Executive's full attention and dedication to the
Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits
arrangements upon a severance of employment which ensure that the compensation and benefits expectations of the Executive will be satisfied and which are
competitive with those of other corporations. Therefore, in order to accomplish all the above objectives, the Board has caused the Company to enter into this
Agreement.