0000904020-02-000008 Sample Contracts

AutoNDA by SimpleDocs
Exhibit 10.23 LOAN AND SECURITY AGREEMENT dated as of September 28, 2001
Loan and Security Agreement • March 29th, 2002 • Atlantic Coast Airlines Holdings Inc • Air transportation, scheduled • Virginia
Exhibit 10.12(d) December 28, 2001 [Addressee (Senior Executive Officer)] Re: Voluntary Reduction in Base Salary Dear _____________: As you know, as a result of the events affecting our industry, we have sought voluntary pay reductions from our senior...
Atlantic Coast Airlines Holdings Inc • March 29th, 2002 • Air transportation, scheduled

As you know, as a result of the events affecting our industry, we have sought voluntary pay reductions from our senior executives. By signing this agreement, you acknowledge that your base salary (also known as base pay) shall be and has been reduced from an annual rate of $______________ to $___________ (the "adjusted annual salary") commencing on October 1, 2001 and continuing until such time as the Compensation Committee of the Board of Directors determines that it is appropriate to restore levels of Compensation to the previous amounts.

Time is Money Join Law Insider Premium to draft better contracts faster.