"As long as TWA has a frequent flyer program, you will be able to claim these equity awards." This is even stronger than "your miles will last indefinitely." I have written to TWA and told them I won't fly them again (after 1500000 miles) and I canceled a $1500 TWA ticket last week. The business they will loose because they won't guarantee my lousy remaining 77000 equity miles against the equity award chart past April 99 exceeds the award value by orders of magnitude. What kind of crazy business decision is that?