CERNER CORPORATION AIRCRAFT TIME SHARING AGREEMENTAircraft Lease Agreement |
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Search Aircraft Lease Agreement by:
Exhibit 10.3
CERNER CORPORATION
AIRCRAFT TIME SHARING AGREEMENT
This
Time Sharing Agreement (the Agreement), is made and entered into this 7th day of
February, 2007, by and between Cerner Corporation, with a principal address of
2800 Rockcreek Parkway, North Kansas City, Missouri 64117 (Operator), and
Clifford W. Illig (User).
WITNESSETH,
that
WHEREAS,
Operator operates that certain Hawker aircraft, manufacturer’s serial
number 258653 bearing the United States Registration Number N203TM (the
Aircraft);
WHEREAS,
Operator employs a fully qualified flight crew to operate the Aircraft; and
WHEREAS,
Operator desires to lease said Aircraft with flight crew to User and User
desires to lease said Aircraft and flight crew from Operator on a time sharing
basis pursuant to Section 91.501(c)(1) of the Federal Aviation Regulations
(“FARs”).
NOW
THEREFORE, Operator and User declaring their intention to enter into and be
bound by this Agreement, and for the good and valuable consideration set forth
below, hereby covenant and agree as follows:
1. Operator
agrees to lease the Aircraft to User pursuant to the provisions of FAR
91.501(c)(1) and to provide a fully qualified flight crew for all operations on
a non-continuous basis commencing on the first date set forth hereinabove and
continuing unless and until terminated. Either party may terminate this
Agreement by giving thirty (30) days written notice to the other party.
Operator shall have the right to add or substitute aircraft of similar type,
quality and equipment, and to remove aircraft from the fleet, from time to time
during the term of this Agreement.
2. User
shall pay Operator for each flight conducted under this Agreement the actual
expenses of each specific flight as described in FAR 91.501(d)(a)-(i),
including the actual expense items of any “deadhead” flights made
for User, as authorized by FAR Part 91.501(d). The expenses authorized by
FAR Part 91.501(d)(a)-(i) include:
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(a) |
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Fuel, oil,
lubricants, and other additives. |
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(b) |
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Travel expenses
of the crew, including food, lodging and ground transportation. |
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(c) |
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Hangar and tie
down costs away from the aircraft’s base of operation. |
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(d) |
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Insurance
obtained for the specific flight. |
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(e) |
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Landing fees,
airport taxes and similar assessments. |
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(f) |
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Customs,
foreign permit, and similar fees directly related to the flight. |
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(g) |
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In-flight food
and beverages. |
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(h) |
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Passenger
ground transportation. |
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(i) |
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Flight planning
and weather contract services. |
3. Operator
will pay all expenses related to the operation of the Aircraft when incurred,
and will provide an invoice and bill User for the expenses enumerated in
paragraph 2 above on the last day of the month in which any flight or flights
for the account of User occur. User shall pay Operator for said expenses within
fifteen (15) days of receipt of the invoice and bill therefore.
User
shall include with each payment any federal transportation excise tax due with
respect to such payment, and Operator shall be responsible for collecting,
reporting and remitting such tax to the U.S. Internal Revenue Service.
4. User
will provide Operator with requests for flight time and proposed flight schedules
as far in advance of any given flight as possible. Requests for flight time and
proposed flight schedules shall be made in compliance with Operator’s
scheduling procedures and aircraft use policies. In addition to proposed
schedules and flight times, User shall provide at least the following
information for each proposed flight at some time prior to scheduled departure
as required by the Operator or Operator’s flight crew.
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(a) |
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