US Airways 2006 Annual Report Download - page 258

Reason, this Agreement shall terminate and the Company shall pay and/or provide to the Executive the sum of the following:
(1) Accrued Obligations that the Executive had accrued or earned as of the Date of Termination;
(2) 200% of the sum of:
(A) the Executive's Reduced Base Salary, plus
(B) the Executive's target Annual Bonus (based on Reduced Base Salary) if the Incentive Plan is then in effect for the year in which the Date of
Termination occurs, or if the Incentive Plan (as described in Section 4.4 hereof), or any similar annual bonus plan is not then in effect and its
suspension or termination constituted a Good Reason basis for the Executive's termination of employment, then the Executive's target Annual Bonus
under the Incentive Plan immediately prior to its suspension or termination;
provided however, that if the Executive terminates his employment for Good Reason as specified in Section 1.14(e) (relating to the Company's
requiring the Executive to be based at any office or location further than a fifty (50) mile radius from the Washington, D.C. metropolitan area), the
200% of Reduced Base Salary and target Annual Bonus shall be reduced to 100% of such Reduced Base Salary and target Annual Bonus.
(3) Health Insurance. Payment of a lump sum cash amount equivalent to the cost of COBRA continuation premiums under the Company's medical,
dental, vision and prescription drug coverages (as applicable) for the Executive and his covered dependents for eighteen (18) months following the Date of
Termination, regardless of whether the Executive and/or his covered dependents actually elect COBRA continuation coverage; and
(4) Life Insurance. Continuation of existing life insurance coverage for the Executive for eighteen (18) months following the Date of Termination on
the same premium and coverage basis as in effect on the Date of Termination; provided that in the event the Company is not permitted to continue the
coverage on the same premium and/or coverage basis by the applicable carrier or reinsurers, the Company shall pay the Executive a lump sum cash amount
equivalent to the amount of premiums the Company would have paid for the coverage if the Executive had remained an active employee and the coverage
remained in effect on the same premium and coverage basis for the 18-month period; and
(5) Travel Privileges. Immediate vesting and continuation for the Executive's lifetime of on-line, first class, positive space travel privileges for
business and pleasure for the Executive and his eligible family members, pursuant to the terms and conditions of the Company's travel policy for active Key
Employees; provided that the Company shall not provide any gross-up payments to the Executive or his eligible family members for taxes payable on such
travel.
CRELLIN EMPLOYMENT AGREEMENT Page 12