Delta Airlines 2010 Annual Report Download - page 417

leases, or exchanges all or substantially all of its assets to any other person or entity (other than a previously wholly owned subsidiary of such company); (iv)
such company is dissolved and liquidated; or (v) more than 20% of such company's revenues (determined on a consolidated basis based on the regularly
prepared and publicly available statements of operations of such company prepared in accordance with GAAP) for any fiscal year of such company are
attributable to the operation of businesses other than such company's airline business and such company does not provide publicly available statements of
operations with respect to its airline business that are separate from the statements of operations provided with respect to its other businesses.
(D) Transactions Between Airlines. To the extent reasonably practicable, in the event of a merger, consolidation or similar transaction during the
Performance Period between Delta and any other airline, including a member of the Industry Composite Group, or between any member of the Industry
Composite Group and any other airline, including another member of the Industry Composite Group (an "Airline Merger"), Cumulative Revenue Growth for
the surviving company will be calculated on a combined basis as if the Airline Merger had occurred on January 1, 2010 and Average Annual Operating
Income Margin for such company will be calculated on a combined basis as if the Airline Merger had occurred on January 1, 2011. In addition, Cumulative
Revenue Growth for United Continental Holdings, Inc. will be calculated on a combined basis as if the merger of a wholly owned subsidiary of UAL
Corporation and Continental Airlines, Inc. had occurred on January 1, 2010.
(E) Vesting/Performance Measures. The payment, if any, a Participant will receive in connection with the vesting of the Performance Award will be based
on the following:
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