Delta Airlines 2008 Annual Report Download - page 171
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"Pre-Tax Income" will be the amount of Pre-Tax Income, if any, determined under the Profit Sharing Program for 2009.2
(b) Operational Performance Measures. The Operational Performance measures for 2009 are based on both Delta and Delta Connection operational
performance, with (i) Delta's operational performance accounting for 75% of the measure and (ii) Delta Connection performance accounting for 25% of the
measure. Delta's Operational Performance is based on the number of times during 2009 that Delta meets or exceeds its monthly goals under the broad-based
employee shared rewards program (the "Shared Rewards Program"). Delta Connection's Operational Performance is based on the number of times during
2009 that the Delta Connection carriers meet or exceed their monthly operational goals for (x) completion factor and (y) on-time performance (the "Delta
Connection Goals"). The Delta Connection Goals and the methodology for determining whether these goals are met are described in Exhibit A hereto. The
following table describes the performance ranges and award payout levels for 2009 Operational Performance:
Below Threshold Threshold Target Maximum
Shared Rewards Program
% of Target Payout for this Performance Measure (75% Weighting) 0% 37.50% 75% 150%
Number of monthly Shared Rewards Program goals actually met during 2009 15 or less 16 21 26 or more
Delta Connection Goals
% of Target Payout for this Performance Measure (25% Weighting) 0% 12.50% 25% 50%
Number of Delta Connection Goals actually met during 2009 8 or less 9 14 19 or more
Payouts based on the Shared Rewards Program and Delta Connection Goals will be straight-line interpolated when actual performance results fall above
Threshold and below Target or above Target and below Maximum.
2The Profit Sharing Program for 2009 defines "Pre-Tax Income" as follows: for any calendar year, the Company's consolidated pre-tax income
calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company's public securities filings
but excluding: (a) all asset write downs related to long term assets, (b) gains or losses with respect to employee equity securities, (c) gains or losses with
respect to extraordinary, one-time or non-recurring events (including without limitation one-time transition or integration costs incurred in connection
with the merger of the Company and Northwest Airlines Corporation during the two year period following the merger), and (d) expense accrued with
respect to the profit sharing plan.
4