Henri Courpron Stock Salary Reduction and Reporting Agreement with International Lease Finance Corporation

Summary

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.

EX-10.1 2 a12-15134_1ex10d1.htm EX-10.1

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

 

 

 

 

 

Jeffrey J. Hurd

 

 

Executive Vice President —

 

 

Human Resources and Communications

 

 

 

 

 

 

 

 

Agreed:

 

 

 

 

 

 

 

 

/s/ Henri Courpron

 

June 21, 2012

Henri Courpron

 

Date