Mr. John W. Bachmann Edward Jones 12555 Manchester Road St. Louis, Mo. 63131 Dear John: This will confirm the following agreement relating to the deferral of your director’s retainers and fees for 2011.
Exhibit 10.13
December 7, 2010
Xx. Xxxx X. Xxxxxxxx
Xxxxxx Xxxxx
00000 Xxxxxxxxxx Xxxx
Xx. Xxxxx, Xx. 63131
Xxxxxx Xxxxx
00000 Xxxxxxxxxx Xxxx
Xx. Xxxxx, Xx. 63131
Dear Xxxx:
This will confirm the following agreement relating to the deferral of your director’s
retainers and fees for 2011.
1. All director’s fees and retainer (“Fees”) payable to you in connection with your service on
the boards of directors (including committees of such boards) of AMR Corporation and American
Airlines, Inc. for the period January 1, 2011 through December 31, 2011, will be deferred and paid
to you in accordance with this letter agreement.
2. Fees will be converted to Stock Equivalent Units in accordance with the Procedures for
Deferral of Board Retainers and Fees, as amended and restated, a copy of which is attached hereto
as Exhibit A (the “Plan”).
3. On the 30th business day after the date when you cease to be a Director of AMR Corporation
and any affiliates, and cease rendering services, the Stock Equivalent Units accrued pursuant to
the Plan will be converted to cash and paid to you in a lump sum by multiplying the number of such
Stock Equivalent Units by the arithmetic mean of the high and the low of AMR stock (“fair market
value”) during the month when you ceased to be a Director of AMR Corporation and any affiliates,
and cease rendering services. Payment cannot be accelerated.
4. In the event of your death, the number of Stock Equivalent Units as of your date of death
will be multiplied by the fair market value of AMR stock during the calendar month immediately
preceding your death, and the amount paid to Xxxxxxxxx Xxxxxxxx. The payment contemplated by this
paragraph 4 will be made on the 30th business day following the date of your death.
If the foregoing is satisfactory to you, please indicate by signing one of the originals (two
are enclosed) and returning it to me.
| Very truly yours, |
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| /s/ Xxxxxxx X. Xxxxxxxx | ||||
| Xxxxxxx X. Xxxxxxxx | ||||
| Corporate Secretary | ||||
Accepted
and agreed:
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/s/ Xxxx X. Xxxxxxxx
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12/10/10
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