Delta Airlines 2002 Annual Report Download - page 91
Download and view the complete annual report
Please find page 91 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
EXHIBIT A
DELTA 2000 PERFORMANCE COMPENSATION PLAN
NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
November 29, 2002
Leo F. Mullin
Chief Executive Officer
The Delta 2000 Performance Compensation Plan (the "Plan"), is an incentive
compensation plan for officers and key employees of Delta Air Lines, Inc. (the
"Company") and its Subsidiaries. The Plan is administered by the Personnel &
Compensation Committee of the Company's Board of Directors (the "Committee").
The Committee has selected you to receive an award of a Non-Qualified Stock
Option, effective as of November 29, 2002, and has requested me, on behalf of
the Company, to provide this Agreement to you.
In consideration of the mutual covenants herein contained and for other
good and valuable consideration, the Company and you, as an employee of the
Company or one or more of its Subsidiaries, hereby agree as follows:
1. Grant of Award; Acknowledgments; Capitalized Terms. The Company hereby grants
to you 450,000 Non-Qualified Stock Options (each a "Stock Option"). Each Stock
Option may be exercised for one share of Company common stock (an "Option
Share"). This award is in all respects made subject to the terms and conditions
of the Plan and, in the event of any conflict between the Plan and this
Agreement, the Plan shall control. You acknowledge that you (a) have had a full
and adequate opportunity to read this Agreement and the Plan; (b) agree to all
of the terms and conditions thereof for yourself, any designated beneficiary and
your heirs, executors, administrators or personal representatives; and (c) have
received, and had a full and adequate opportunity to read, the Prospectus
relating to the Plan. Capitalized terms which are used but not defined in this
Agreement shall have the meanings set forth in the Plan.
2. Option Exercise Price. The Option Exercise Price of the Stock Options covered
by this award shall be $13.50, the closing price of the Company common stock on
the New York Stock Exchange on the date of this award.
3. Exercise Period. Subject to the terms and conditions of the Plan and this
Agreement, 100% of the Stock Options shall become exercisable on the earlier of
(a) the first business day of January 2008 and (b) the occurrence of a Change in
Control, and shall be exercisable through and including November 28, 2012. In
the event your employment with the Company terminates prior to the earlier of
(a) December 31, 2007 and (b) the occurrence of a Change in Control, the
This document constitutes part of a prospectus covering
securities that have been registered under the Securities Act of 1933.