ATTN: East Employees with
US Airways E*Trade Accounts:
Over the last few years US Airways has utilized the services of E*Trade to handle distributions of US Airways stock. As a result, many East employees had accounts set up with E*Trade and they are still using those accounts. Because US Airways stock issued prior to 9/27/05 was cancelled when the company emerged from bankruptcy, and therefore has no value remaining, the agreement between US Airways and E*Trade has ended.
This means that effective January 19, 2006, if an East employee maintains an E*Trade account that was initially established for the distribution of US Airways stock, the employee will be solely responsible for the payment of any fees associated with that account. We wanted to get the word out prior so East employees wanting to make changes to their accounts prior to Jan. 19 would have time to do so.
If you have questions regarding this change, please email them to stockplan@usairways.com .
US Airways E*Trade Accounts:
Over the last few years US Airways has utilized the services of E*Trade to handle distributions of US Airways stock. As a result, many East employees had accounts set up with E*Trade and they are still using those accounts. Because US Airways stock issued prior to 9/27/05 was cancelled when the company emerged from bankruptcy, and therefore has no value remaining, the agreement between US Airways and E*Trade has ended.
This means that effective January 19, 2006, if an East employee maintains an E*Trade account that was initially established for the distribution of US Airways stock, the employee will be solely responsible for the payment of any fees associated with that account. We wanted to get the word out prior so East employees wanting to make changes to their accounts prior to Jan. 19 would have time to do so.
If you have questions regarding this change, please email them to stockplan@usairways.com .
