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Consulting Agreement

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Sectors: Transportation
Governing Law: Texas, View Texas State Laws
Effective Date: February 01, 2003
Related Agreement Types:
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Exhibit 10.58


CONSULTING AGREEMENT


This Consulting Agreement (this " Agreement" ) is entered into by and between Anne H. McNamara (" Consultant" ) and American Airlines, Inc., a Delaware corporation (the " Company" ) as of the 1st day of February, 2003.


WHEREAS, Consultant is capable of performing certain services and the Company desires to have Consultant perform such services on its behalf.


NOW, THEREFORE, for and in consideration of the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Consultant agree as follows:


1. Services to be Rendered; Term; Payment . Consultant will provide consulting services at the Company' s request (the " Services" ). Unless earlier terminated in accordance with the terms of this Agreement, the Services will be provided for the period beginning February 1, 2003 and ending on April 30, 2003 (the " Term" ). Consultant shall have the right to take reasonable vacation time (not to exceed two periods of five business days each) during the Term and if she does, the Term shall be extended commensurately without additional compensation. For the Services, Consultant will be paid a monthly fee in advance of $ . In addition, Consultant will receive the additional benefits set forth in Schedule A over the Term of the Agreement.


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2. Time Devoted by Consultant . Consultant will perform the Services on a full-time basis. Full-time is defined as efforts commensurate with that of elected officers of the Company. Thereafter, Consultant agrees to endeavor to be available for consultation upon reasonable request from the Company.


3. Reimbursable Expenses/Other Expenditures . The Company will reimburse Consultant for actual and reasonable miscellaneous expenses incurred by the Consultant in performing the Services, such expenses to include mailing, shipping, photocopying, long-distance telephone and facsimile. The Company will also reimburse Consultant for travel and other reasonably related expenses incurred by Consultant in connection with the provision of Services, provided such travel and related expenses are approved by the Company in advance. Consultant will submit to the Company a statement of expenses to be reimbursed, on a form satisfactory to the Company, stating in detail the nature of the expenditures and enclosing receipts or detail for same. The Company agrees that the reimbursement procedure for Consultant will be reasonably similar to the procedure it employs for its elected officers, as such procedure may change over time.


4. Independent Contractor; Nature of Services . The Company and Consultant acknowledge and agree that Consultant is an independent contractor for, and not an employee of, the Company, and that Consultant will have no authority to bind, or to otherwise incur liability on behalf of, the Company. Further, Consultant agrees that the Company is not responsible to collect or withhold federal, state or local taxes, including income tax and social security, and that any and all taxes imposed, assessed or levied as a result of this Agreement will be paid by Consultant (or, if paid by the Company, reimbursed by Consultant to the Company promptly upon demand).


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5. Confidentiality . Consultant agrees that the existence of this Agreement and any information Consultant receives or reviews concerning the Company, including without limitation, any information concerning the Company' s past, present and future research, marketing, development, operations and business activities, is proprietary and confidential to the Company and Consultant will keep such information strictly confidential and will not disclose it to any third party or use it directly or indirectly for any purpose except the performance of this Agreement unless required by law. Consultant agrees to return all such information and all compilations or summaries or synopses thereof (and all copies of all of the foregoing) in Consultant' s possession to the Company upon the termination of this Agreement. Further, any records maintained by Consultant
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