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- DEFINED CONTRIBUTION PENSION PLAN
12 Months Ended
Dec. 31, 2011
- DEFINED CONTRIBUTION PENSION PLAN

NOTE 13 – DEFINED CONTRIBUTION PENSION PLAN

 

America West provides a defined contribution plan for its employees meeting minimum service requirements. Employees can contribute up to 100% of their current compensation to the plan subject to certain statutory limitations. The Company contributes up to a maximum of 3% of an employee’s compensation and plan participants are fully-vested in the Company’s contributions immediately. The Company made contributions to the plan of approximately $0 and $12,000 during the years ended December 31, 2011 and 2010, respectively.