Consulting Agreement between Pinnacle Airlines Corp. and Alfred T. Spain (April 2011)

Contract Categories: Human Resources › Consulting Agreements
Summary

Pinnacle Airlines Corp. has engaged Alfred T. Spain to provide consulting services focused on safety, operations, and transition planning following the resignation of its CEO. Mr. Spain will serve as an independent contractor, starting March 20, 2011, on a month-to-month basis until a new CEO is hired and begins work. He will be paid $27,100 per month, with payments made twice monthly, and will be reimbursed for related out-of-pocket expenses. No other compensation or benefits are provided beyond those he receives as a director of Pinnacle.

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EX-10.88 2 exhibit10-88.htm EXHIBIT 10.88 exhibit10-88.htm

Exhibit 10.88
April 4, 2011

Mr. Alfred T. Spain
P.O. Box 1137
1619 False River Drive
New Roads, LA 70760

RE:  Consulting Services for Pinnacle Airlines Corp. (“Pinnacle”)

Dear Al:

As a result of the resignation of Philip Trenary as President and Chief Executive Officer of Pinnacle, you have agreed to provide safety, operations and transition-related consulting services to Pinnacle.  The terms and conditions under which you will provide these services are set forth below:

1.  Services.  You agree to provide consulting services related to the Company’s safety functions, operations and transition plans.

2.  Term.  Your services began on March 20, 2011 and shall continue on a month-to-month basis until such time as a successor to Mr. Trenary has been hired and begins employment at Pinnacle.

3.  Compensation.  In consideration of the services to be provided hereunder, you will be paid $27,100 per calendar month, pro-rated for partial months.  There will be no withholding or deductions from your compensation.  The monthly fee shall be paid to you in two installments:  on the fifteenth day of the month and last business day of the month.

4.  Reimbursement of Expenses.  Pinnacle shall reimburse you, upon submission of an expense reimbursement form, for all out-of-pocket expenses related to the performance of your consulting services, including but not limited to lodging, meals and rental car fees/mileage reimbursement.  Other than the monthly fee for services rendered and expense reimbursement, you will not receive other payments or benefits from Pinnacle (other than those provided to you in your capacity as a director of Pinnacle).

5.  General.  You shall provide the services in the capacity of an independent contractor and not as an employee of Pinnacle.

Thank you for providing us with your expertise and services during this transition period.  If you are in agreement with the above terms and conditions, please so indicate by signing below.

Very truly yours,

/s/ Brian T. Hunt

Brian T. Hunt
Vice President and General Counsel

Agreed to this 4th day of April, 2011.

/s/ Alfred T. Spain
Alfred T. Spain