Delta Airlines 2008 Annual Report Download - page 162
Download and view the complete annual report
Please find page 162 of the 2008 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
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
 |
 |
(b) For purposes of the 2009 LTIP, "Good Reason" shall have the meaning set forth in the 2007 Performance Plan except: (i) any Award made to a
Participant under the 2009 LTIP, (ii) any other equity-based awards or other incentive compensation awards made to a Participant by any of
Delta (or any Affiliate) or Northwest (or any subsidiary) at or prior to the closing of the Merger and (iii) any retention payment or special travel
benefits provided to a Participant as a result of his or her initial employment with Delta or any Affiliate, will be ignored for purposes of
determining whether a Participant has suffered a reduction that constitutes Good Reason under the 2009 LTIP. Furthermore, with respect to any
Participant who was employed by Northwest or any subsidiary thereof immediately prior to the closing of the Merger, all compensation and
benefit programs provided to such Participant prior to the Merger by Northwest or any subsidiary thereof, including, without limitation, the
Participant's base salary, will be ignored for purposes of determining whether a Participant has suffered a reduction that constitutes Good Reason
under the 2009 LTIP.
(c) For purposes of the 2009 LTIP, "Retirement" means a Termination of Employment (other than for Cause or death) either: (i) on or after a
Participant's 62nd birthday provided that such Participant has completed at least 5 years service with the Company (or an Affiliate) or Northwest
(or a subsidiary); or (ii) on or after a Participant's 52nd birthday provided that such Participant has completed at least 10 years service with the
Company (or an Affiliate) or Northwest (or a subsidiary).
10