Delta Airlines 2008 Annual Report Download - page 200

(b) An amount equal to your 2008 KEACIP payment at target payable no later than December 31, 2008.
(c) An amount equal to your 2007-2008 award under the 2003 LTIP at the greater of (a) 100%; or (b) the applicable percent payout determined as if
the performance period were 1/1/07 through 9/30/08 rather than 1/1/07 through 12/31/08, but in either case payable no later than December 31,
2008.
(d) An amount equal to your 2008-2009 award under the 2003 LTIP at 100% payable no later than December 31, 2008.
If applicable, you will also receive payments described in Exhibit F.
PARTICIPATION IN SEVERANCE PLANS
In the event your employment with Delta is terminated for any reason prior to the [second] [third] anniversary of the Delta Transfer Date, you will not be
eligible to participate in the O&D Severance Plan, any successor thereto, or any other severance plan or program sponsored by Delta and you will not be
entitled to any severance payments or benefits in connection with your termination of employment. After such time, and subject to your continued
employment, you will participate in the O&D Severance Plan or its successor in accordance with the terms of the O&D Severance Plan, as it may be amended
from time to time. This section shall not be construed to provide any rights to continued employment.
IN CONCLUSION
Except as otherwise provided in this letter of agreement, your employment with Delta will be subject to Delta's standard policies and will be governed by the
terms and conditions of the Human Resources Policies, as may be amended from time to time hereafter. Anything to the contrary herein notwithstanding,
nothing herein is intended to provide any rights to continued employment. This letter of agreement supersedes any prior discussions and documentation
concerning your compensation or benefit arrangements with the Company.
If the terms outlined reflect your understanding of our agreement and you accept employment based on these terms, please indicate your acceptance by
signing the two original letters of agreement provided. Please keep one letter of agreement for your records and return the other to me.
[NAME], we are extremely pleased to have you on the Delta senior leadership team and we look forward with great pleasure to your contribution to making
us the world's premier airline.
Mary Steele, our director of compensation programs, is available to assist you on questions regarding your compensation package. Mary's direct line is
404-715-6333.
Delta Air Lines, Inc., Post Office Box 20706, Atlanta, GA 30320-6001, U.S.A
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