Wheels Up discloses consulting agreement with Executive Chairman Ravi Thakran

Wheels Up Experience Inc.

Monthly fee of $55,417 (annual $665,000); eligible for annual bonus target of 100% of fee.
One-time RSU award of 160,000 shares vesting equally on May 9, 2024 and May 9, 2025.
Additional perks: 50 flight hours on King Air 350i and up to $800/night NYC hotel reimbursement.
Agreement effective retroactively from May 9, 2023 until day before 2024 annual meeting.
Contract is independent contractor arrangement; Company retains ability to terminate for cause.

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