Delta Airlines 2003 Annual Report Download - page 266

(a) equals the actual balance in Key Employee's Employee Grantor
Trust established between the Company and Key Employee as of
such payment date; and
(b) equals 1 minus the applicable Post Retirement Tax Rate for Key
Employee.
For this purpose, the balance in Key Employee's Employee Grantor Trust shall be
the actual amount in such trust; provided however, if the amount in the trust is
reduced as the result of payment under a QDRO, or if Key Employee has at any
time made a withdrawal or received a distribution from such trust other than a
Tax Distribution Withdrawal, or a Special Distribution pursuant to Section 2.4
of Key Employee's Grantor Trust Agreement (a "Special Distribution"), then the
balance in Key Employee's Employee Grantor Trust shall be deemed to be the sum
of (x) the actual amount in such trust, (y) the amount of any withdrawal from
such trust, other than a Tax Distribution Withdrawal or a Special Distribution,
and (z) all Deemed Earnings with respect to any particular distribution or
withdrawal other than a Tax Distribution Withdrawal or Special Distribution. In
the event of a Tax Distribution Withdrawal, a Special Distribution or the
reduction of the Trust Balance (as defined in Key Employee's Grantor Trust
Agreement) as the result of payment of any Trustee fees, the balance in Key
Employee's Grantor Trust shall in no event be deemed to include the amount of
such distributions or payment.
PRSB Monthly Supplemental Retirement Income. An amount equal to (a)
minus (b) where:
(a) equals the monthly amount of the Surviving Spouse Benefit
payable under the Retirement Plan which the Spouse or Domestic
Partner would receive if the Restrictions as reflected in the
Retirement Plan and the Code were not in effect and as if a
Domestic Partner were treated as a Spouse; and
(b) equals the monthly amount of Surviving Spouse Benefit the
Spouse or Domestic Partner will actually receive under the
Retirement Plan.
PRSB Supplemental Lump Sum. The single sum Actuarial Equivalent of the
PRSB Monthly Supplemental Retirement Income determined as of the date of Key
Employee's death; provided however, if Key Employee previously established an
employee grantor trust pursuant to an agreement between the Company and Key
Employee, the PRSB Supplemental Lump Sum shall be reduced by the Pre Tax Value
of Key Employee's Grantor Trust. If Key Employee has a Domestic Partner at
death, the PRSB Supplemental Lump Sum shall be adjusted to reflect the fact that
the Domestic Partner is not eligible for pre retirement survivor benefits under
the Retirement Plan and that the monthly survivor income from the Disability and
Survivorship Plan is payable, if at all, for only up to 10 years following Key
Employee's death. The purpose of such adjustment is to make payments to the
Domestic Partner equivalent to the payment which would have been made to such
Domestic Partner had he or she qualified as a Spouse under the Retirement Plan,
taking into account payments to be made from the Disability and Survivorship
Plan, the Retirement Plan and this Agreement.
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