Delta Airlines 2002 Annual Report Download - page 65

EXHIBIT 10.8
EMPLOYMENT AGREEMENT
EMPLOYMENT AGREEMENT dated as of November 29, 2002 (the "Effective Date"),
by and between Delta Air Lines, Inc., a Delaware corporation (the "Company"),
and Leo F. Mullin ("Executive");
WHEREAS, Executive currently serves as Chairman of the Board of Directors
of the Company (the "Board") and is currently employed as Chief Executive
Officer of the Company pursuant to the terms of an employment agreement dated as
of August 14, 1997 by and between the Company and Executive (the "Old Employment
Agreement");
WHEREAS, the Board desires to continue to employ Executive as Chief
Executive Officer of the Company, and Executive desires to accept such continued
employment; and
WHEREAS, the Company and Executive desire to enter into an agreement (this
"Agreement") embodying the new terms of such continued employment;
NOW THEREFORE, in consideration of the mutual covenants and agreements of
the parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound, agree as follows (certain
capitalized terms used herein being defined in Article 9):
ARTICLE 1
TERM OF AGREEMENT
Section 1.01. Term. The term of this Agreement shall commence on the
Effective Date and shall expire on December 31, 2007 (such term, together with
any extension pursuant to Section 1.02, referred to hereinafter as the
"Agreement Term").
Section 1.02. Automatic Extension Upon Change In Control. In the event
that a Change in Control occurs during the Agreement Term as then in effect,
upon the effective date of such Change in Control the Agreement Term shall
automatically