Delta Airlines 2009 Annual Report Download - page 144

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EXHIBIT 10.15(a)
DELTA AIR LINES, INC.
2010 LONG-TERM INCENTIVE PROGRAM
1. Purpose. The 2010 Long-Term Incentive Program (the "2010 LTIP") is a long term incentive program sponsored by Delta Air Lines, Inc. ("Delta" or the
"Company") that is intended to: (a) closely link pay and performance by providing management employees with a compensation opportunity based on Delta's
achieving key business objectives; and (b) align the interests of management employees with the Company's other employees and stakeholders.
The 2010 LTIP is being adopted under the Delta Air Lines, Inc. 2007 Performance Compensation Plan ("2007 Performance Plan"). It is subject to the terms
of the 2007 Performance Plan and an individual's 2010 LTIP Award Agreement ("Award Agreement").
Capitalized terms that are used but not defined in the 2010 LTIP shall have the meaning ascribed to them in the 2007 Performance Plan. For purposes of the
2010 LTIP, the definitions of "Change in Control," "Good Reason," and "Retirement" as set forth in the 2007 Performance Plan are hereby replaced or
modified under Section 6 below, and shall apply as set forth in Section 6 in lieu of the definitions of these terms in the 2007 Performance Plan or as modified,
as applicable.
2. Plan Administration. (a) The Personnel & Compensation Committee of the Board of Directors (the "Committee") shall be responsible for the general
administration and interpretation of the 2010 LTIP and for carrying out its provisions. The Committee shall have such powers as may be necessary to
discharge its duties hereunder, including, without limitation, the following powers and duties, but subject to the terms of the 2010 LTIP:
(i) authority to construe and interpret the terms of the 2010 LTIP, and to determine eligibility, awards and the amount, manner and time of payment of
any awards hereunder;
(ii) authority to prescribe forms and procedures for purposes of the 2010 LTIP participation and distribution of awards; and
(iii) authority to adopt rules and regulations and to take such actions as it deems necessary or desirable for the proper administration of the 2010 LTIP.
(b) Any rule or decision by the Committee that is not inconsistent with the provisions of the 2010 LTIP shall be conclusive and binding on all persons, and
shall be given the maximum deference permitted by law.
(c) Notwithstanding anything contained in the 2007 Performance Plan to the contrary, the Committee shall not have the authority to increase or decrease
the actual payout of any Performance Award (as defined below) granted to any Participant pursuant to Section 4(b) hereunder.
3. Individual Award Agreements. Any person offered an Award under the 2010 LTIP will be required to sign an individual Award Agreement. Execution
by such person of his or her Award Agreement will be a prerequisite to the effectiveness of the Award under the 2010 LTIP and to the person's becoming a
Participant in the 2010 LTIP.