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Can anyone put this in plain English?


Guest jinx

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Paragraph 20 states the following:

"This Court orders that, after the date hereof and except as otherwise

provided to the contrary herein, (Air Canada) shall be entitled but not

required to pay the following expenses incurred in carrying on the Business

or discontinuing part of the Business:

e ) All outstanding and future wages, salaries (except

group RRSP contributions), disbursements, directors' fees and expenses,

employee benefits, severance, termination and other like amounts, vacation

pay, and retention payments accruing due to employees or as approved by this

Court, and all employee benefits and pension benefits payable to former

employees."

Obviously, as we move through the CCAA process, a major objective is to

ensure our costs are not increased without the approval of the Monitor.

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