US Airways 2009 Annual Report Download - page 168
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Exhibit 10.81
US AIRWAYS GROUP, INC.
2009 Long Term Incentive Performance Program
(Established Effective January 21, 2009)
SECTION I. PURPOSE
The purpose of the US Airways Group, Inc. 2009 Long Term Incentive Performance Program (the "Program") is to
• Focus management efforts on the creation of long-term stockholder value, and
• Encourage strategic decision-making by providing rewards for the long-term achievement of Company goals.
The Program sets forth the terms and conditions for cash Performance Grant Awards to be paid to eligible officers under the US Airways Group, Inc. 2008
Equity Incentive Plan (the "Plan").
SECTION II. ELIGIBILITY CRITERIA
Service Providers who are officers of US Airways Group, Inc. (the "Company") or a Related Company (as that term is defined in the Plan) whose
responsibilities have a direct and significant impact on Company results are eligible to participate in the Program. 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 Program
(each a "Participant"). Participation in one Performance Cycle (as such term is defined in Section IV) under the Program does not assure participation in any
other Performance Cycle.
A person who is hired by the Company (or a Related Company) as an eligible officer or promoted to eligible officer status (whether from a non-eligible status
or another eligible officer status), in either case after the commencement of a Performance Cycle (as such term is defined in Section IV) shall participate in
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 Program based on the achievement of long-term Company performance and, with certain
exceptions set forth in Section V, continued active service with the Company (or a Related Company) in an eligible position through the date of payment of
the cash Award. Threshold, target, and maximum Award levels are set forth below. All Award levels are expressed as a percentage of a Participant's base
salary, as in effect on the date of payment of the cash Award. Page 1