Delta Airlines 2012 Annual Report Download - page 396

Payouts will be straight-line interpolated when Pre-
Tax Income results fall above Threshold and below Target or above
Target and below Maximum.
“Pre-Tax Income” will be the amount of Pre-
Tax Income, if any, determined under the Profit Sharing Program for 2013.
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(b) Operational Performance Measures.
The Operational Performance measures for 2013 are based on both Delta
and Delta Connection operational performance, with (i) Delta's operational performance accounting for 75% of the measure
and (ii) Delta Connection performance accounting for 25% of the measure. Delta's Operational Performance is based on the
number of times during 2013 that Delta meets or exceeds its monthly goals under the broad-
based employee shared rewards
program (the
“ Shared Rewards Program ”).
Delta Connection's Operational Performance is based on the number of times
during 2013 that the Delta Connection carriers meet or exceed their monthly operational goals for (x) completion factor and
(y) on-time performance (the “ Delta Connection Goals ”).
The Delta Connection Goals and the methodology for
determining whether these goals are met are described in Exhibit A
hereto. The following table describes the performance
ranges and award payout levels for 2013 Operational Performance, subject to Section 4(c) above:
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The Profit Sharing Program for 2013 defines “Pre-Tax Income” as follows: for any calendar year, the Company's consolidated pre-tax income
calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company's public securities
filings but excluding: (a) all asset write downs related to long term assets, (b) gains or losses with respect to employee equity securities, (c) gains or
losses with respect to extraordinary, one-time or non-recurring events, and (d) expense accrued with respect to the profit sharing plan and the MIP.
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Threshold Target Maximum
% of Target Financial Performance Measure
Paid 50% 100% 200%
Required 2013 Pre-Tax
Income $1,184 Million $2,367 Million $3,148 Million