Summary of Terms for Personal Use of Company Aircraft by Kenneth E. Compton
This agreement allows Kenneth E. Compton, CEO of Advance America, Cash Advance Centers, Inc., to use the company's aircraft for personal purposes for up to 25 flight hours per year. The use is subject to the availability of the aircraft, with company business needs taking priority. The arrangement applies to aircraft owned or leased by the company or its subsidiaries.
Exhibit 10.4
SUMMARY OF TERMS OF ARRANGEMENT FOR PERSONAL USE OF AIRCRAFT
BY KENNETH E. COMPTON
· Kenneth E. Compton, the Chief Executive Officer of Advance America, Cash Advance Centers, Inc. (the “Company”), is entitled to use the Company’s aircraft, whether owned by the Company, a subsidiary of the Company, or leased from a third party by the Company or one of its subsidiaries, for personal use for an aggregate of up to twenty-five flight hours per year, subject to aircraft availability in light of the Company’s business needs.
