Exhibit 10.57
This Consulting Agreement (this Agreement) is entered into by and
between Michael W. Gunn (Consultant) and American Airlines, Inc., a
Delaware corporation (the Company) as of the 17 th day of
September, 2002.
Highlights of Mike Gunn''s consulting agreement:
Special Payments
You will receive a severance payment of $1,040,000 on September 17,
2002 which represents two times your annual base salary.
Additionally, you will receive a payment for your unused 2002 and
accrued vacation for 2003. This will also be paid in a lump sum.
• Consulting Services
Effective September 17, 2002, you will provide consulting services
related to Advertising and Brand issues for one year. You will be
paid at your current annual rate from September 17 th through
November 17 th ($86,666.66 for two months) and thereafter for the
next ten months at an annual rate of $230,000 or $19,666.66 for ten
months. In summary, your consulting services will be paid monthly
over the next twelve months starting from September 17, 2002.
During your consulting period, the Company will provide for DFW
parking, use of a cellular phone, your current club memberships, and
use of an automobile (refer to the Club Memberships and Automobile
sections). At the end of your consulting period, these benefits will
cease.
• Club Memberships
You will receive an honorary lifetime Admirals Club membership.
In addition, you may continue use of your clubs (The Sports Club,
LaCima Club, and Lake Las Vegas Southshore) through September 17,
2003. The Company will continue to pay your monthly club dues during
this timeframe. Any reimbursed dues will continue to be imputed to
you as income. You will continue to be responsible for payment of
all other fees and expenses associated with the use of these clubs.
Should you fail to pay miscellaneous expenses associated with the
clubs, American Airlines will have the option to discontinue your
membership.
• Automobile
The Company will provide the use of an automobile during your
consulting agreement period. At the end of your consulting
agreement, you will have the option to purchase the vehicle. In the
event you elect not to purchase the automobile, it must be returned
to American on September 17, 2003.
• Equipment
You will be able to keep office equipment in your home for personal
use after the consulting period. However, the cellular phone must be
returned to American on or before September 17, 2003.
Information source:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For fiscal year ended December 31, 2002.
Commission file number 1-8400
AMR Corporation
Date: April 14, 2003
/s/ Donald J. Carty
Donald J. Carty
Chairman and Chief Executive Officer
Date: April 14, 2003
/s/ Jeffrey C. Campbell
Jeffrey C. Campbell
Senior Vice President and Chief Financial Officer
This Consulting Agreement (this Agreement) is entered into by and
between Michael W. Gunn (Consultant) and American Airlines, Inc., a
Delaware corporation (the Company) as of the 17 th day of
September, 2002.
Highlights of Mike Gunn''s consulting agreement:
Special Payments
You will receive a severance payment of $1,040,000 on September 17,
2002 which represents two times your annual base salary.
Additionally, you will receive a payment for your unused 2002 and
accrued vacation for 2003. This will also be paid in a lump sum.
• Consulting Services
Effective September 17, 2002, you will provide consulting services
related to Advertising and Brand issues for one year. You will be
paid at your current annual rate from September 17 th through
November 17 th ($86,666.66 for two months) and thereafter for the
next ten months at an annual rate of $230,000 or $19,666.66 for ten
months. In summary, your consulting services will be paid monthly
over the next twelve months starting from September 17, 2002.
During your consulting period, the Company will provide for DFW
parking, use of a cellular phone, your current club memberships, and
use of an automobile (refer to the Club Memberships and Automobile
sections). At the end of your consulting period, these benefits will
cease.
• Club Memberships
You will receive an honorary lifetime Admirals Club membership.
In addition, you may continue use of your clubs (The Sports Club,
LaCima Club, and Lake Las Vegas Southshore) through September 17,
2003. The Company will continue to pay your monthly club dues during
this timeframe. Any reimbursed dues will continue to be imputed to
you as income. You will continue to be responsible for payment of
all other fees and expenses associated with the use of these clubs.
Should you fail to pay miscellaneous expenses associated with the
clubs, American Airlines will have the option to discontinue your
membership.
• Automobile
The Company will provide the use of an automobile during your
consulting agreement period. At the end of your consulting
agreement, you will have the option to purchase the vehicle. In the
event you elect not to purchase the automobile, it must be returned
to American on September 17, 2003.
• Equipment
You will be able to keep office equipment in your home for personal
use after the consulting period. However, the cellular phone must be
returned to American on or before September 17, 2003.
Information source:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For fiscal year ended December 31, 2002.
Commission file number 1-8400
AMR Corporation
Date: April 14, 2003
/s/ Donald J. Carty
Donald J. Carty
Chairman and Chief Executive Officer
Date: April 14, 2003
/s/ Jeffrey C. Campbell
Jeffrey C. Campbell
Senior Vice President and Chief Financial Officer
