Common Contracts
1 similar Payroll Support Agreement contracts
COMPENSATION DISCUSSION AND ANALYSISPayroll Support Agreement • April 16th, 2021
As previously disclosed, in May 2020, the Company entered into a Payroll Support Agreement (‘‘PSP Agreement’’) with the United States Department of Treasury in connection with the funding made available to cargo air carriers under the Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’). In connection with the PSP Agreement and the CARES Act, the Company is subject to restrictions on the amount of total compensation that may be provided to certain employees, including each of the Company’s named executive officers, through March 24, 2022.
