Exhibit 10.12 (e)
October 8, 2002
(Addressee: Senior Executive Officer)
Re: Elimination of Voluntary Reduction in Base Salary
Dear _____________:
The Compensation Committee of the Board of Directors has
determined that it is appropriate to eliminate the voluntary
pay reduction implemented for its senior executives
effective October 1, 2001. Accordingly your base salary
(also known as base pay) is being restored to an annual rate
of _______ effective October 1, 2002.
By Letter Agreement dated December 28, 2001, the Company
agreed with you on certain understandings regarding the
effect of the voluntary base salary reduction on certain
other aspects of your compensation. The restoration of your
base salary is conditioned on receipt from you of
confirmation that the terms of the December 28, 2001 letter
agreement will not be applicable with respect to
compensation as of October 1, 2002. We therefore request
that you acknowledge your acknowledgement and acceptance of
this condition by your return to the Company of a copy of
this letter signed in the place indicated below.
This agreement constitutes an amendment to any severance or
benefit agreement between you and the Company, including the
Severance Agreement dated ___________, but except as
expressly provided herein does not otherwise supercede or
amend any such agreement.
ATLANTIC COAST AIRLINES HOLDINGS,
INC.
By:________________________________
Agreed and Accepted:
Employee
__________________________
Dated: October __, 2001
