PAYROLL SUPPORT PROGRAM 3 AGREEMENTPayroll Support Agreement • August 3rd, 2021 • Alaska Air Group, Inc. • Air transportation, scheduled • New York
Recipient: Alaska Airlines, Inc. 19300 International Blvd. Seattle, WA 98199 PSP Participant Number: PSA-2004031920Employer Identification Number: 92-0009235DUNS Number: 007942493 ☐dditional Recipients: Horizon Air Industries, Inc. ☐mount of Initial Payroll Support Payment: $285,725,883 The Department of the Treasury (Treasury) hereby provides Payroll Support (as defined herein) under section 7301 of the American Rescue Plan Act of 2021. The Signatory Entity named above, on behalf of itself and its Affiliates (as defined herein), agrees to comply with this Agreement and applicable Federal law as a condition of receiving Payroll Support. The Signatory Entity and its undersigned authorized representatives acknowledge that a materially false, fictitious, or fraudulent statement (or concealment or omission of a material fact) in connection with this Agreement may result in administrative remedies as well as civil and/or criminal penalties. The undersigned hereby agree to the attached Pay
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.
