Delta Airlines 2008 Annual Report Download - page 194
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CADWALADER
Michael R. Stewart
Michael Luskin
June 11, 2008
On September 13, 2006, the Bankruptcy Court entered the Order Pursuant to Sections 502, 363 and 105 of the Bankruptcy Code and Rules 3007, 9019 and
2002 of the Bankruptcy Rules Establishing Procedures for (I) Omnibus Objections to Proofs of Claim and (II) Compromising Disputed Proofs of Claim
[Docket No. 3546] (the "Claims Resolution Order"), which permits the Debtors to settle disputed proofs of claim consistent with the terms thereof.
On August 16, 2006, Mr. Foret timely filed proof of claim number 10987 ("Claim 10987") asserting an unsecured nonpriority claim against Northwest
Airlines in the amount of $5,850,104.44 for amounts allegedly due and owing to Mr. Foret under that certain Management Compensation Agreement, dated
October 23,2001, by and between the Debtors and Mr. Foret.
On August 16, 2006, Mr. Foret timely filed proofs of claim number 11309 ("Claim 11309") and 11368 ("Claim 11368") against NWA Corp. and Northwest
Airlines, respectively, asserting unsecured nonpriority claims in unspecified amounts for indemnification payments with respect to that certain pre-petition
litigation (Civil Action No. 05-2423) to which Mr. Foret is a named defendant.
On August 16, 2006, Aviation Consultants timely filed proof of claim number 10986 ("Claim 10986", and together with Claim 10987, 11309 and 11368 the
"Proofs of Claim") asserting an unsecured nonpriority claim against Northwest Airlines in the total amount of $9,497,604.44 for amounts allegedly due and
owing to Aviation Consultants by the Debtors under that certain Consulting Agreement, dated January 1, 2005, by and between the Debtors and Aviation
Consultants, LLC (the "Consulting Agreement").
This letter confirms the agreement between the Parties that pursuant to the Claims Resolution Order and as of April 16, 2008, in full and final resolution of the
Proofs of Claim:
i) Pass Travel. Mr. Foret and his spouse shall receive lifetime airline pass travel on Northwest Airlines and its eligible affiliates for their personal
use at boarding priority F1-R. In accordance with Northwest Airlines' pass travel policy, F1-R travel authority affords Mr. Foret and his spouse
unlimited, First and/or World Business Class travel on Northwest Airlines and its eligible affiliates with the same reservation and boarding
priority that he has today with his F-1 travel privileges. In
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