Delta Airlines 2009 Annual Report Download - page 130
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Please find page 130 of the 2009 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.-
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Spending Account) for which a Participant and his eligible dependents may be eligible, provided such COBRA coverage is properly elected
by the Participant or his eligible dependents. Eligibility for such payments shall continue until the earlier of: (i) the end of the Severance
Period; or (ii) the date the Participant's or the Participant's dependents' eligibility for COBRA coverage ceases as provided under COBRA and
the terms of the Delta Account-Based Healthcare Plan (or corresponding pilot or Affiliate plan, if applicable).
(B) Payment of Retiree Medical Premiums. To the extent applicable, if a Participant is eligible for special early, early or normal retirement under
the Company's retirement plan or policy at the time of the Severance Event, and the Participant or one or more of his eligible dependents
elects COBRA coverage instead of retiree medical and/or dental coverage, the above section entitled "Payment of COBRA Premiums" will
apply with respect to any Delta-paid COBRA premium. If the Participant or an eligible dependent instead elects retiree medical and/or dental
coverage, Delta will, in lieu of paying COBRA premiums as described above, pay the retiree medical and/or dental premium for the
Participant and/or his eligible dependents during the Severance Period, provided that the Participant and/or his eligible dependents properly
enroll for such coverage. If a Participant or his dependents become ineligible for Delta retiree coverage for any reason or opt out of such
coverage, all Delta paid coverage for that person (or group of persons) will cease and Delta will have no responsibility to pay any further
retiree medical and/or dental premiums under the 2009 Plan; however the Participant or his dependents shall retain whatever rights they may
have under any other applicable Delta sponsored retiree medical plan or program.
(ii) Basic Life Insurance. Participants will also have their basic life insurance coverage under the Delta Family-Care Disability and Survivorship Plan
(or corresponding pilot or Affiliate plan, if applicable) continued for the Severance Period at Delta's expense; provided the Participant shall be
responsible for any taxes associated with such continuation. The amount of coverage continued will be equal to the amount of basic life insurance
coverage in effect immediately prior to separation. This continued coverage shall not affect any other death benefit for which the Participant is eligible.
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