Delta Airlines 2003 Annual Report Download - page 267

Post Tax Supplemental Retirement Income Annuity. An annuity contract
that pays a monthly post tax amount equal to the Monthly Supplemental Retirement
Income, Deferred Vested Monthly Supplemental Retirement Income, PRSB Monthly
Supplemental Retirement Income, or Deferred Vested PRSB Monthly Supplemental
Retirement Income, as applicable, multiplied by 1 minus the Post Retirement Tax
Rate.
QDRO. A Qualified Domestic Relations Order.
Supplemental Retirement Income Lump Sum. The single sum Actuarial
Equivalent of Key Employee's Monthly Supplemental Retirement Income determined
as of his or her retirement date and considering a Domestic Partner as a Spouse.
Provided however, if Key Employee will receive his or her Retirement Plan
benefit in the form of a joint and 50% survivor benefit, the Supplemental
Retirement Income Lump Sum shall also include the value of that part of the
survivor benefit that cannot be paid from the Retirement Plan because of the
Restrictions. In addition, if Key Employee previously established an employee
grantor trust pursuant to an agreement between the Company and Key Employee, the
Supplemental Retirement Income Lump Sum shall be reduced by the Pre Tax Value of
Key Employee's Grantor Trust.
Tax Distribution Withdrawal. A distribution or withdrawal from Key
Employee's Grantor Trust made for purposes of paying applicable taxes resulting
from either contributions to such Trust or earnings on such contributions.
2. Certain ERISA Requirements Not Applicable. The parties
acknowledge that this Agreement is unfunded and that Key Employee's
participation in this Agreement and the 2002 Delta Supplemental Excess Benefit
Plan is exempt from certain provisions of the Employee Retirement Income
Security Act of 1974 ("ERISA") including, but not limited to, parts 2, 3 and 4
of Subtitle B of Title 1 of ERISA, and subject to limited reporting and
disclosure requirements of part 1 of Subtitle B of Title 1 of ERISA. The parties
further acknowledge that the 2002 Delta Excess Benefit Plan is an "excess
benefit plan" as defined in section 3(36) of ERISA; and is unfunded and
therefore not subject to any provision of ERISA.
3. No Additional Contributions to Employee Grantor Trust. The
parties acknowledge that no additional contributions will be made by the Company
to the ________Grantor Trust, specifically including any contribution scheduled
to be made in 2004 pursuant to the 2002 excess benefit agreement between Company
and Key Employee. In exchange for the benefits provided under this Agreement,
Key Employee specifically waives any right that he or she may have had under
Section 10 of the 2002 excess benefit agreement to any contributions to such
Trust to be made in 2004.
4. Incorporation of the Retirement Plan and the Disability and
Survivorship Plan. The terms of the Retirement Plan and the Disability and
Survivorship Plan (both as in effect on January 1, 2004) are hereby incorporated
into this Agreement by reference, except that changes in those plans which
reduce benefits (other than changes as may be required by law and the reduction
or elimination of the right, if any, to receive post retirement benefit
increases from the Retirement Plan solely as the result of increases in the
qualified plan payment limit under Section 415(b) of the Code, whether such
increases are the result of cost of living adjustments or
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