Delta Airlines 2010 Annual Report Download - page 414

A = the amount of the payout for the Performance Award if it is paid in cash; and
B = the closing price of a Share on the New York Stock Exchange on the later of (1) date that the Committee approves the payouts, if any, of
the Performance Awards to the Executive Officer Participants following the Committee's determination of the achievement of the payout criteria
described in Section 4(b)(iii) and (2) the third business day following the date on which the Company publicly announces its annual financial
results if this date is scheduled in the same month that the Committee approves such payouts, if any.
(3) "GAAP" means accounting principles generally accepted in the United States of America.
(4) "Industry Composite Group" means Air Tran Holdings, Inc., Alaska Air Group, Inc., AMR Corporation, JetBlue Airways Corporation,
Southwest Airlines Co., United Continental Holdings, Inc., and US Airways Group, Inc.
(5) "Performance Period" means the period beginning on January 1, 2011 and ending on and including December 31, 2012.
(B) Cumulative Revenue Growth.
(1) The "Cumulative Revenue Growth" for Delta and each member of the Industry Composite Group shall be calculated by using the subject
company's Total Operating Revenue for the applicable periods and the following formula: (A + B ) ÷ C, where:
A = Total Operating Revenue for 2011 minus Total Operating Revenue for 2010;
B = Total Operating Revenue for 2012 minus Total Operating Revenue for 2011; and
C = Total Operating Revenue for 2010.
(2) "Total Operating Revenue" means, subject to Section 4(b)(v)(B) below, the subject company's total operating revenue for the applicable periods
based on its regularly prepared and publicly available statements of operations prepared in accordance with GAAP.
(C) Average Annual Operating Income Margin.
(1) The "Average Annual Operating Income Margin" for Delta and each member of the Industry Composite Group shall be calculated by using
the subject company's Operating Income and Total Operating Revenue for the applicable periods and the following formula: (A ÷ B ), where:
A = Operating Income for 2011 and 2012; and
B = Total Operating Revenue for 2011 and 2012.
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