Tag: Equity- Stock Distribution

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…

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Letter Regarding Equity Distribution

All, I was on a conference call today to discuss the equity payout. Please read the attached letter from ATD Director Mike Mayes. There is no timeline for the payout until the tax issue and who will distribute the funds is resolved. Dale January 6, 2018 Brothers and Sisters: As we enter a new calendar…

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Equity Distribution Plan Update from ATD Director, Mike Mayes

Dear Brothers and Sisters: I write you with a quick update on the Equity Distribution Plan. Several members raised questions in response to my letter that was sent last week. As a result, I have asked our lawyers to prepare a “question and answer” sheet . This will be sent out in the near future.…

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