Delta Airlines 2009 Annual Report Download - page 170

(b) Other Changes in Employment Status. The terms of this Section 8(b) shall apply to circumstances involving new hires, promotions, demotions,
transfers or leaves of absence during 2010. After a Participant's Target MIP Award is determined under this Section 8(b), the appropriate weighting of
performance measures will apply to each portion of such Target MIP Award as set forth in Section 5 above. For partial calendar months, the change in
employment status will be considered effective as of the 1st day of the month in which there is a change in status. The end of year LPM will apply to any
Individual Performance measure applicable to the Participant unless the Participant is no longer subject to the LPM process after the change in employment
status, in which case the most recent LPM will apply. Any MIP Awards payable under this Section 8(b) will be paid at the same time and in the same manner
as such awards are paid to active Participants, subject to Section 7(b) above.
(i) New Hires. With respect to any individual who becomes employed by Delta as a grade 8 or any more senior MIP-eligible position during 2010 but
after January 1, 2010, such individual will be a Participant in the MIP and will be eligible to receive an award under the MIP for 2010; provided, that such
Participant's Annual Base Salary will be the result of the following formula: X × Y/12, where:
X = the Participant's annual base salary as of December 31, 2010; and
Y = the number of calendar months the Participant was actively employed by Delta in a MIP-eligible position during 2010, rounded up for any partial
month.
(ii) Promotions. Participants who are either promoted into a MIP-eligible job level or promoted into a higher level of MIP participation during 2010 will
have their Target MIP Award calculated based on their annual base salary at each MIP-eligible job level (measured as of the date immediately prior to the
date the promotion is considered effective for purposes of the MIP, if applicable, as described in the first paragraph of Section 8(b) above, and as of
December 31, 2010) and the number of calendar months they were employed in each such capacity, multiplied by the relevant total target award
percentage applicable to their position or positions during the relevant period.
(iii) Demotions. Participants who are either demoted to a position that is not eligible to participate in the MIP or demoted to a lower level of MIP
participation during 2010 will have their Target MIP Award calculated based on their annual base salary at each MIP-eligible job level (measured as of the
date immediately prior to the date the demotion is considered effective for purposes of the MIP, as described in the first paragraph of Section 8(b) above,
and, if applicable, as of December 31, 2010) and the number of calendar months they were employed in each such capacity, multiplied by the relevant total
target award percentage applicable to their position or positions during the relevant period.
(iv) Transfers and Leaves of Absence. In the event that during 2010 a Participant transfers employment from Delta to a Delta subsidiary or affiliate that
does not participate in the MIP, other than a transfer to the Delta Community Credit Union (the "DCCU"), the Participant will forfeit any eligibility for an
award under the MIP. Except as provided under Section 8(b)(v) below, any Participant who goes
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