Delta Airlines 2011 Annual Report Download - page 128

EXHIBIT 10.24
Delta Air Lines, Inc
Restoration Long Term
Disability Plan
Article 1
General
Section 1.1 Introduction. Delta Air Lines, Inc. (the “Company”) has established and maintained the Delta Family-Care Disability and
Survivorship Plan ( the “D&S Plan”) as a tax exempt welfare benefit plan for purposes of providing welfare benefits, including but not
limited to, long term disability benefits, to non pilot employees of the Company. The D&S Plan and its accompanying trust are subject
to the compensation limit of Section 505(b) of the Internal Revenue Code of 1986 (the “Code”) (such compensation limit referred to
as the “Restriction”), which Restriction may prevent participants in the D&S Plan from receiving the amount of long term disability
benefits to which they would otherwise be entitled under the D&S Plan. The Company has established this Delta Air Lines, Inc.
Restoration Long Term Disability Plan (the “Restoration Plan”) to provide certain supplemental long term disability benefits as
described herein.
Section 1.2 Eligibility. Any non pilot employee whose Earnings as defined in the D&S Plan exceeds the then applicable compensation
limit under Section 505(b) of the Code (a “Plan Participant”) is eligible to participate in this Restoration Plan.
Section 1.3 Purpose . The purpose of the Restoration Plan is to provide for the payment of any reduction in a Plan Participant's long
term disability benefit under the D&S Plan which results solely from the Restriction and not in whole or in part from any other term or
provision of the D&S Plan.
Section 1.4 Nature of Restoration Plan. The Restoration Plan is a non-qualified unfunded plan maintained by the Company for the
purpose of providing benefits for a select group of management or highly compensated employees. Accordingly, the Restoration Plan
is intended to be exempt from coverage under certain sections of the Employee Retirement Income Security Act of 1974 (ERISA”)
pursuant to ERISA Sections 4(b)(5), 301(2), 301(a)(1) 4021 and applicable regulations. The Restoration Plan is also intended to be a
disability pay plan under Section 409A of the Code and Section 1.401A-1(a)(5) of the applicable regulations, and shall be
administered consistent with such intention.
Article 2
Benefits
Section 2.1. Incorporation of D&S Plan. To the extent consistent with the terms of this Restoration Plan, the terms of the D&S Plan
and any past and future amendments thereto are incorporated by reference into this Restoration Plan.
Section 2.2. Restoration Long Term Disability Benefits. The Company agrees to pay to a Plan Participant at the time and in the
manner set forth herein a supplemental monthly disability benefit equal to (a) minus (b) where (a) equals the monthly long term
disability benefit which the Plan Participant would receive under the D&S Plan based on Earnings as if the Restriction was not in
effect, but taking into account all other terms of the D&S Plan; and (b) equals the monthly long term disability which the Plan
Participant actually receives from the D&S Plan considering the Restriction and taking into account all other terms of
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