Personal Aircraft Use Agreement between GCI Communication Corp. and Ronald A. Duncan (July 1, 2020)
This agreement allows Ronald A. Duncan, an employee of GCI Communication Corp. (GCC), to use up to 100 hours per year of company aircraft for personal purposes, subject to availability. The value of this benefit will be reported as income in accordance with IRS rules. The agreement began on January 1, 2019, and will end if Mr. Duncan leaves the company or if GCC no longer owns or leases aircraft. Unused hours do not carry over, and the agreement is governed by Colorado law.
Exhibit 10.1
July 1, 2020
Mr. Ronald A. Duncan
GCI Liberty, Inc.
12300 Liberty Boulevard
Englewood, Colorado 80112
Re:Personal Use of Company Aircraft
Dear Ron:
This letter (this “Agreement”) sets forth our agreement with respect to your personal use of aircraft (the “Aircraft”) owned or leased by GCI Communication Corp. (“GCC”), on and after the Effective Date (defined below). This Agreement amends and restates in its entirety the prior aircraft usage letter dated May 6, 2019 between you and GCC.
If you are in agreement with the foregoing, please execute the enclosed copy of this letter.
Very truly yours,
GCI Communication Corp.
By: /s/ Rebecca Windt Pearson
Rebecca Windt Pearson
General Counsel, Senior Vice President,
Government Relations, and Chief Compliance Officer
Agreed:
/s/ Ronald A. Duncan
Ronald A. Duncan
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