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other than under this agreement is to be borne by UAI. UAI leases this heliport from the Port Authority for a basic rental of $900,000, plus overages under certain circumstances, for the period of the Fair. All flight equipment and accessories owned by New York Airways and that which it hereafter acquires are subject to chattel mortgage securing the Company's 5 3/4% Note due 1964-1970. MANAGEMENT The following is a list of the directors and executive officers of the Company. The positions held by each person in the Company, and the principal occupations where these are other than the holding of such positions, are indicated, as is the year of expiration of the term of office of each director. Name Positions Term Expires (Directors Only) Hoyt Ammidon * Director, Chairman of the Board of United States Trust Company of New York. 1967 Robert E. Blum Director, Member of Management Board of Abraham & Straus. 1967 Horace Brock Director, Aviation Consultant. 1966 Robert L. Cummings Director, President of the Company. 1967 Robert W. Dowling Director, President of City Investing Company. 1965 John E. Gallagher Director, Vice-President of the Company. 1966 Robert G. Goelet Director, Investment Management. 1966 Grover Loening Director, Aviation Consultant. 1965 Samuel C. Park, Jr. Director, Chairman of the Finance Committee of Whitney Communications Corporation, director of New York Herald Tribune, Inc. and Trustee of United States Trust Company of New York. 1966 Dickran M. Sarkisian, Jr. Director, Vice-President of the Gould-Mersereau Company, Inc. 1965 William Shields, Jr. Director, Member of Coudert Brothers, a director of Tiffany and Company and several independent oil companies. 1965 William W. Hogan Vice President and Treasurer Edwin N. Baur Vice President, Flight Operations Ray deHaan Vice President, Maintenence Richard Wheatland Vice President, Sales and Services Glenn B. Eastburn Vice President John H. Slate Secretary, Member of Skadden, Arps, Slate, Meagher & Flom *Election to the Company's Board of Directors is subject to Civil Aeronautics Board approval. All of the executive officers have been employed by the Company for the past ten years. Remuneration In 1963 the aggregate direct remuneration paid to all directors and officers of the Company as a group amounted to $137,973. In 1963 of the $58.819 contributed by the Company to its pension 17
