US Airways 2005 Annual Report Download - page 305

Exhibit 10.79
U S AIRWAYS GROUP, INC.
Performance-Based Award Plan
(Amended and Restated Effective November 2, 2005)
SECTION I. PURPOSE
The purpose of the US Airways Group, Inc. Performance-Based Award Plan (the "Plan") is to
• Focus management efforts on the creation of long-term stockholder value.
• Encourage strategic decision-making by providing rewards for the long-term achievement of Company goals.
The Plan, formerly known as the America West Airlines Performance-Based Plan, first became effective as of January 1, 2003 (the "Effective Date"). This
amended and restated version of the Plan is effective November 2, 2005, and reflects the September 27, 2005 merger of America West Holdings Corporation
and US Airways Group, Inc. The Plan is administered in accordance with the U S Airways Group, Inc. 2005 Equity Incentive Plan
SECTION II. ELIGIBILITY CRITERIA
Officers of US Airways Group, Inc. (the "Company") or an Affiliate (as that term is defined in the US Airways Group, Inc. 2005 Equity Incentive Plan)
whose responsibilities have a direct and significant impact on Company results are eligible to participate in the Plan. The Compensation and Human
Resources Committee of the Board of Directors of the Company (the "Committee") will, at its sole discretion, select individual officers to participate in the
Plan (each a "Participant"). Participation in one performance cycle (as such term is defined in Section IV) under the Plan does not assure participation in any
other performance cycle.
A person who is hired by the Company (or an Affiliate) as an eligible officer or promoted to eligible officer status, in either case after the commencement of a
performance cycle (as such term is defined in Section IV) or a transition performance cycle (as such term is defined in Section IV) (i) shall participate in the
Plan only with respect to performance cycles, if any, that commence on or after the date of hire or promotion, and (ii) shall participate in transition
performance cycles on such basis, if any, as the Committee may provide.
SECTION III. AWARD LEVELS
Participants have the opportunity to earn cash awards under the Plan based on the achievement of long-term Company performance and, with certain
exceptions set forth in Section V, Page 1