US Airways 2005 Annual Report Download - page 302

the Notice of Exercise is received after normal business hours for a given day, then the exercise date will be considered to be the following business day.
5. TERM. You may not exercise your Award before the commencement or after the expiration of its term. The term of your Award commences on the Date
of Grant and expires upon the earliest of the following:
(a) immediately upon the termination of your Continuous Service for Cause (as defined in the Plan);
(b) three (3) months after the termination of your Continuous Service for any reason (other than for Cause or your death, Disability or Retirement),
provided that if during any part of such three (3) month period you may not exercise your Award solely because of the condition set forth in Section 7 relating
to "Securities Law Compliance," your Award shall not expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate
period of three (3) months after the termination of your Continuous Service;
(c) three (3) years after your death if you die either during your Continuous Service or within three (3) months after your Continuous Service terminates
for any reason other than Cause;
(d) three (3) years after the termination of your Continuous Service due to your Disability;
(e) three (3) years after the termination of your Continuous Service due to your Retirement;
(f) the Expiration Date indicated in your Grant Notice; or
(g) the day before the tenth (10th) anniversary of the Date of Grant.
6. PAYMENT. Subject to Section 10, the amount payable upon exercise of the Award shall be settled in shares of Common Stock based on the Fair Market
Value of such shares at the time of exercise.
7. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your Award unless either (a) the shares
of Common Stock issuable upon such exercise are then registered under the Securities Act or (b) the Company has determined that such exercise and issuance
would be exempt from the registration requirements of the Securities Act. The exercise of your Award also must comply with other applicable laws and
regulations governing the Award, and you may not exercise your Award if the Company determines that such exercise would not be in material compliance
with such laws and regulations.
8. TRANSFER RESTRICTIONS. Your Award is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life
only by you.