Henri Courpron Stock Salary Reduction and Reporting Agreement with International Lease Finance Corporation
This agreement between Henri Courpron and International Lease Finance Corporation (ILFC), represented by AIG, confirms that Mr. Courpron will report to the newly established Executive Chairman position at ILFC. It also documents the reduction of his annual stock-based salary from $4.425 million to $3.425 million, effective January 1, 2012, including the forfeiture of $500,000 in grants made through June 30, 2012. Mr. Courpron agrees to these changes as outlined in the letter.
Exhibit 10.1
June 21, 2012
Henri Courpron
International Lease Finance Corporation
10250 Constellation Blvd., Suite 3400
Los Angeles, CA 90067
Dear Henri:
As you know, AIG is establishing the position of Executive Chairman at ILFC and reducing your annual Stock Salary from $4.425 million to $3.425 million (which will be effective January 1, 2012 and applied pro rata to each tranche of Stock Salary, including the forfeiture of $500,000 in grants made through June 30, 2012).
This letter confirms your agreement to report to the Executive Chairman and to the reduction.
Very truly yours,
/s/ Jeffrey J. Hurd |
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Jeffrey J. Hurd |
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Executive Vice President |
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Human Resources and Communications |
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Agreed: |
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/s/ Henri Courpron |
| June 21, 2012 |
Henri Courpron |
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