US Airways Group, Inc. 2005 Equity Incentive Plan Stock Bonus Award Agreement for nonemployee directors
Exhibit 10.96
US Airways Group, Inc.
2005 Equity Incentive Plan
Stock Bonus Award Agreement
for nonemployee directors
2005 Equity Incentive Plan
Stock Bonus Award Agreement
for nonemployee directors
Pursuant to this Stock Bonus Award Agreement (“Award Agreement”), US Airways Group, Inc. (the
“Company”) has awarded you a Stock Bonus Award (the “Award”) as an Annual Award under the
Non-Discretionary Grant Program of the US Airways Group, Inc. 2005 Equity Incentive Plan (the
“Plan”). Except where indicated otherwise, terms not explicitly defined in this Award Agreement
but defined in the Plan shall have the same meaning as set forth in the Plan.
The details of your Award are as follows:
1. Name of eligible director. .
2. Date of Grant. Your Award has been granted as of .
3. Shares of Common Stock Subject to Your Award. The number of shares of Common
Stock subject to your
Award is .
Award is .
4. Payment. This Award was granted in consideration of your services to the
Company. You will not be required to make any payment to the Company (other than your past and
future services to the Company) with respect to your Award.
5. Vesting. The Common Stock subject to your Award is immediately vested on the
Date of Grant.
6. Delivery of Shares. The Company will deliver to a broker designated by the
Company (the “Designated Broker”), on your behalf, the number of shares of the Company’s Common
Stock subject to your Award, as soon as practicable after the Date of Grant, in the form of
electronic entry evidencing such shares.
7. Dividends. You will be entitled to receive payments equal to any cash
dividends and other distributions paid with respect to the shares of Common Stock subject to your
Award. Any cash dividends paid with respect to your Award will be paid at the same time that
dividends are paid to the Company’s shareholders.
8. Securities Law Compliance. Notwithstanding anything to the contrary
contained herein, you will not be issued any shares of Common Stock under your Award unless
either (a) such shares are then registered under the Securities Act, or (b) the Company has
determined that such issuance would be exempt from the registration requirements of the
Securities Act. Your Award also must comply with other applicable laws and regulations governing
the Award, and you will not receive
any shares of Common Stock under your Award if the Company determines that such receipt
would not be in material compliance with such laws and regulations.
9. Notices. Any notices provided for in the Plan shall be given in
writing and shall be deemed effectively given upon receipt or, in the case of notices delivered
by the Company to you, five (5) days after deposit in the United States mail, postage prepaid,
addressed to you at the last address you provided to the Company.
10. Miscellaneous.
(a) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of your
Award and this Award Agreement.
(b) You acknowledge and agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully
understand all provisions of your Award and this Award Agreement.
(c) This Award Agreement will be subject to all applicable laws, rules, and regulations, and
to such approvals by any governmental agencies or national securities exchanges as may be required.
(d) All covenants, agreements and obligations of the Company under the Plan and this Award
Agreement will be binding on any successor to the Company, whether the existence of such successor
is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company.
(e) This Award Agreement and the Plan set forth the entire understanding between you and the
Company regarding your Award and supersedes all prior oral and written agreements relating to your
Award.
11. Headings. The headings of the Sections in this Award Agreement are
inserted for convenience only and shall not be deemed to constitute a part of this Award
Agreement or to affect the meaning of this Award Agreement.
12. Severability. If all or any part of this Award Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness
or invalidity shall not invalidate any portion of this Award Agreement or the Plan not declared
to be unlawful or invalid. Any Section of this Award Agreement (or part of such a Section) so
declared to be unlawful or invalid shall, if possible, be construed in a manner which will give
effect to the terms of such Section or part of a Section to the fullest extent possible while
remaining lawful and valid.
13. Governing Plan Document. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and is further subject
to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the Plan. In the event there
is any conflict between your Award, this Award Agreement and the Plan, the provisions of the Plan
shall control.
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IN WITNESS WHEREOF, the parties have caused this Award Agreement to be executed as
of the date written below:
US AIRWAYS GROUP, INC. | ||||||
By: | ||||||
Title: | ||||||
Date: | ||||||
DIRECTOR | ||||||
Date: | ||||||
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