Delta Airlines 2002 Annual Report Download - page 88
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Please find page 88 of the 2002 Delta Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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"Qualified Pension Plan" means the Delta Family-Care Retirement Plan (or
any successor qualified defined benefit retirement plan adopted by the Company).
"Reference Date" means the earlier to occur of (i) a Change in Control and
(ii) the date 90 days prior to the termination of Executive's employment.
"Reference Incentive Compensation Award" means:
(a) for purposes Section 5.01 hereof, the greater of the target annual
incentive compensation award or bonus (A) for the Company's most recently
completed Fiscal Year prior to the Change in Control and (B) for the Company's
Fiscal Year that includes the Change in Control.
(b) for all other purposes hereunder, the greater of (A) the target annual
incentive compensation award or bonus most recently established prior to the
termination of Executive's employment and (B) the actual annual incentive
compensation award or bonus for the Company's most recently completed Fiscal
Year prior to the termination of employment.
For purposes of both parts (a) and (b) of this definition, the "target
annual incentive compensation award or bonus" with respect to any Fiscal Year
shall be determined by multiplying the target salary percentage applicable to
Executive for such year by the Reference Salary.
"Reference Long-Term Award" means, for each performance period that
includes the date of a Change in Control under a long-term incentive plan
maintained by the Company, the greater of (i) the actual award payable to
Executive for such performance period, calculated as if such performance period
had ended on the date of the Change in Control and (ii) the target award payable
to Executive for such performance period.
"Reference Salary" means Executive's annual rate of Base Salary as in
effect upon the date of termination of Executive's employment or, in the event
of such a termination during the Change Period, immediately prior to the Change
in Control, if higher.
"Remaining Months" has the meaning accorded such term in Section 4.01(b).
"Renewal Award" has the meaning accorded such term in Section 3.06.
"Retention Program" means the Company 2002 Retention Program.
"Retirement Age" means Executive's age on January 1, 2008.
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