Delta Airlines 2003 Annual Report Download - page 268

statutory change) shall be incorporated as to Key Employee only if advance
notice of such proposed reduction is given to the Key Employee and the Key
Employee agrees to an amendment of this Agreement to incorporate the benefit
reduction. The incorporation of the Retirement Plan and the Disability and
Survivorship Plan is not intended to affect the right of Key Employee or his or
her surviving Spouse or Domestic Partner to receive a Deferred Vested
Supplemental Retirement Income Lump Sum or a Deferred Vested PRSB Supplemental
Lump Sum, as the case may be, or to modify any provision of this Agreement, and
the benefits provided hereunder shall be governed only by the provisions hereof
and the Plans.
5. Retirement Benefits
(a) If Key Employee retires on his Early, Normal or
Deferred Retirement Date, the Company agrees to pay
Key Employee his or her Supplemental Retirement
Income Lump Sum no later than thirty (30) days after
(i) such retirement date, or (ii) if later, the date
Key Employee elects to begin receiving his retirement
benefit under the Retirement Plan.
(b) If Key Employee terminates employment for any reason
other than death at any time prior to his Early,
Normal, or Deferred Retirement Date, the Company
agrees to pay to Key Employee his or her Deferred
Vested Supplemental Retirement Income Lump Sum no
later than thirty (30) days after such termination
date.
(c) If Key Employee dies after age 52, but before
retirement or other termination of employment, and
has a Spouse who is eligible for a Surviving Spouse
Benefit under the Retirement Plan or a Domestic
Partner, the Company shall pay to such Spouse or
Domestic Partner the PRSB Supplemental Lump Sum no
later than thirty (30) days after Key Employee's
death.
(d) If Key Employee dies while employed, but prior to his
or her 52nd birthday, and has a Spouse who is
eligible for a Surviving Spouse Benefit under the
Retirement Plan or a Domestic Partner, the Company
shall pay to such Spouse or Domestic Partner the
Deferred Vested PRSB Supplemental Lump Sum no later
than thirty (30) days after Key Employee's death.
(e) If within 30 days of receipt of a Supplemental
Retirement Income Lump Sum, a Deferred Vested
Supplemental Retirement Income Lump Sum, a PRSB
Supplemental Lump Sum, or a Deferred Vested PRSB
Supplemental Lump Sum, as the case may be, Key
Employee (or if applicable, his or her Surviving
Spouse or Domestic Partner) advises the Company in
writing of his or her decision to purchase an
immediately payable Post Tax Supplemental Retirement
Income Annuity from a Company Approved Annuity
Provider, upon proof of payment of the
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