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Sirius XM Holdings Inc. – ‘8-K’ for 9/14/20 – ‘EX-10.2’

On:  Tuesday, 9/15/20, at 7:16am ET   ·   For:  9/14/20   ·   Accession #:  930413-20-2282   ·   File #:  1-34295

Previous ‘8-K’:  ‘8-K’ on / for 7/30/20   ·   Next:  ‘8-K’ on / for 10/22/20   ·   Latest:  ‘8-K’ on / for 4/30/24   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/15/20  Sirius XM Holdings Inc.           8-K:5,7,9   9/14/20   15:706K                                   Command Fin’l Press Corp

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     40K 
 2: EX-10.1     Material Contract                                   HTML    139K 
 3: EX-10.2     Material Contract                                   HTML     12K 
 4: EX-10.3     Material Contract                                   HTML    134K 
 5: EX-99.1     Miscellaneous Exhibit                               HTML     24K 
11: R1          Document And Entity Information                     HTML     48K 
13: XML         IDEA XML File -- Filing Summary                      XML     13K 
10: XML         XBRL Instance -- c100492_8k-ixbrl_htm                XML     13K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 6: EX-101.DEF  XBRL Definitions -- siri-20200914_def                XML     35K 
 7: EX-101.LAB  XBRL Labels -- siri-20200914_lab                     XML     66K 
 8: EX-101.PRE  XBRL Presentations -- siri-20200914_pre              XML     34K 
 9: EX-101.SCH  XBRL Schema -- siri-20200914                         XSD     14K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    20K 
15: ZIP         XBRL Zipped Folder -- 0000930413-20-002282-xbrl      Zip     85K 


‘EX-10.2’   —   Material Contract

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

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Exhibit 10.2

 

 
1221 Avenue of the Americas
35th Floor
New York, NY 1020
tel 212 584 5100
fax 212 584 5200
www.siriusxm.com
 

 

September 14, 2020

 

Ms. Jennifer C. Witz

Sirius XM Radio Inc.

1221 Avenue of the Americas

35th Floor

New York, New York 10020

 

Use of Private Aircraft

 

Dear Jennifer:

 

This letter (this “Agreement”) sets forth our agreement with respect to your use of a private aircraft (the “Aircraft”) arranged by Sirius XM Radio Inc. (“Sirius XM”).

 

1.         Use of the Aircraft. During the Term (as defined below), you may use up to 30 hours per year worth of flight time (the “Annual Allotment”) on the Aircraft for personal use, which shall include travel to and from your homes (“Personal Flight Time”). The Annual Allotment for any partial year during the Term shall be reduced on a pro rata basis. Sirius XM will not have any obligation to pay you for any unused Annual Allotment and any unused Annual Allotment with respect to any year may not be carried over to any subsequent year.

 

2.         IRS Reporting. The fair market value of Personal Flight Time will be reflected as income on your W-2 in accordance with applicable IRS regulations based on the Standard Industry Fare Level formula (SIFL) pursuant to 26 C.F.R. §1.61-21(g) or a comparable successor provision.

 

3.         Term. The term of this Agreement (the “Term”) will commence on January 1, 2021 and will expire on the earliest of (i) the date that you cease to be employed as a full-time employee of Sirius XM under the terms of the Employment Agreement, dated September 14, 2020, between you and Sirius XM and (ii) December 31, 2023.

 

4.         Governing Law. This Agreement will be governed by, and will be construed and enforced in accordance with, the laws of the State of New York.

 C: 
 
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Jennifer C. Witz 2 September 14, 2020

 

5.         Entire Agreement. This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes any and all previous written or oral representations, promises, agreements or understandings of whatever nature between the parties with respect to the subject matter. This Agreement may not be altered or amended except by an agreement in writing signed by both parties. This Agreement may be signed in counterparts.

 

If you are in agreement with the foregoing, please execute the enclosed copy of this letter.

 

  Very truly yours,
     
  Sirius XM Radio Inc.
     
  By: /s/ Patrick Donnelly  
    Patrick Donnelly
    Executive Vice President, General Counsel and Secretary

 

Agreed:

 

/s/ Jennifer C. Witz  
Jennifer C. Witz  
 C: 
 

Dates Referenced Herein

Referenced-On Page
This ‘8-K’ Filing    Date First  Last      Other Filings
12/31/231None on these Dates
1/1/211
Filed on:9/15/20
For Period end:9/14/2012
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/02/23  Sirius XM Holdings Inc.           10-K       12/31/22  114:13M
 2/01/22  Sirius XM Holdings Inc.           10-K       12/31/21  117:14M
 2/02/21  Sirius XM Holdings Inc.           10-K       12/31/20  129:15M
10/22/20  Sirius XM Holdings Inc.           10-Q        9/30/20   98:12M
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Filing Submission 0000930413-20-002282   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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