US Airways 2004 Annual Report Download - page 275

EXHIBIT 10.47
[America West Holdings Corporation Letterhead]
Date
Name
Address
City, State, Zip Code
Dear Name:
On behalf of America West Airlines and subject to ratification by our Board of
Directors, I am pleased to offer you the position of Title on the following
principal terms:
Base Salary - $_______ on an annual basis, in semi-monthly payments of
$_______.
Annual Incentive Compensation - In addition to base salary, you will
participate in our executive incentive compensation program, pursuant to
which participants in the program receive a bonus in any year the Company
meets pre-established financial targets and the individual achieves his or
her objectives. The target bonus for your position is ___ of your annual
base salary, but could be as low as zero or as high as ____ of base salary
depending on the Company's financial performance and your performance
measured against objectives. All incentive bonuses are at the discretion of
the Board of Directors.
[Long Term Incentive Plan - You also are eligible to participate in our
long term performance-based award plan. Payments under this plan are
determined by America West's Total Stockholder Return (TSR) relative to the
TSRs of a pre-defined competitive peer group. You will be eligible for the
three-year performance cycle beginning _______ and ending on _______.]
Stock Options - Under the corporation's stock option program, you will
receive an initial grant of __________ stock options to purchase shares of
the corporation's Class B Common Stock at the stock's NYSE closing price on
the date of the grant. You will be eligible for additional grants of stock
options during your tenure with America West, however, all stock option
awards are at the discretion of the Board of Directors. Stock options
currently vest over a three-year schedule and expire ten years after
issuance.