AMENDMENT NO. 2 TO DIRECTOR COMPENSATION AGREEMENT
Exhibit
10.13a
AMENDMENT
NO. 2 TO DIRECTOR COMPENSATION AGREEMENT
This
Amendment No. 2 to Director Compensation Agreement (this “Amendment”) is entered
into as of September 7, 2006.
A.
Frontier Airlines, Inc. (“Frontier”) and Xxxxxx X. Xxxxxx (“Xxxxxx”) entered
into that Director Compensation Agreement effective as of April 1, 2002, as
further amended by that Amendment No. 1 dated as of April 1, 2003 (collectively,
the “Agreement”).
B.
Frontier now desires to amend the Agreement by extending the term thereof in
recognition of Addoms’ agreement to remain on the Board of Directors of Frontier
and Frontier Airlines Holdings, Inc. (“Holdings”) for a period beginning on the
fifth anniversary of the date of his resignation through the adjournment of
the
meeting of the Boards of Directors of Frontier and Holdings held immediately
following the annual stockholder meeting of Holdings scheduled for the month
of
September 2007 (the “Extension Period”).
NOW,
THEREFORE,
the
parties represent, warrant, promise and agree as follows:
1.
In
consideration of Addoms’ continued service on the Board of Directors, Frontier
will pay to Addoms $6,250 per month for each month during the Extension Period
during which Addoms serves on the Board of Directors, including any partial
months.
2.
Addoms
will remain an employee of Frontier during the Extension Period at an annual
salary of $25,000, payable on the Company’s regular paydays.
3.
Except
as modified herein, the Agreement will remain in full force and
effect.
IN
WITNESS WHEREOF,
the
parties duly execute and deliver this Amendment as of the date first written
above.
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By
/s/
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/s/
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Xxxx X. Xxxxxxx, Board Vice-Chair
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Xxxxxx
X. Xxxxxx
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FRONTIER
AIRLINES, INC.
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By
/s/
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Xxxx X. Xxxxxx, President
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