Eligibility for Participation in Equity Distribution

The general rule for eligibility to participate in the distribution  is: an employee was in the TWU represented craft/class and active employee on payroll, approved leaves of absence on both the date of American’s filing its petition for bankruptcy (November 29, 2011) and the closing date for eligibility (July 26, 2013). Does not exclude RIF employees between 11/29/11-7/26/13. Exclusions Apply 

A part-time employee in a TWU represented craft/class on November 29, 2011, who satisfies the Eligibility Rules, will participate in the Equity Distribution at a 70% share of what would be received if a full-time employee, status as full time or part time for the distribution will depend on status as of November 29, 20111

July 16, 2013 AA Distribution plan in PDF