Delta Airlines 2012 Annual Report Download - page 402

(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 2013 but after January 1, 2013, such individual will be a Participant in the MIP
and will be eligible to receive an award under the MIP for 2013; 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, 2013; and
Y = the number of calendar months the Participant was actively employed by Delta in a MIP-
eligible position
during 2013, 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 2013 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, 2013) 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 2013 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, 2013) 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 2013 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 on any type of leave or who transfers to
the DCCU at any time during 2013 will have his Target MIP Award calculated based on his annual base salary
(measured as of the date immediately prior to the date the transfer or leave is considered effective for purposes of the
MIP) and the number of calendar months he was employed in a MIP-
eligible position during 2013, multiplied by the
relevant total target award percentage applicable to his MIP-eligible position.
(v) Military Leave.
In the event that at any time during 2013 a Participant is on a Military Leave of
Absence, his or her Annual Base Salary shall be equal to the aggregate annual base salary the Participant received
from Delta during 2013 plus any amount of base salary such Participant would have received had he or she been
actively employed by Delta in any corresponding MIP-eligible position during such leave. “
Military Leave of
Absence ”
means a Participant's absence from his or her position of employment at any time during 2013 because of
service in the uniformed services, as defined under the Uniformed Services Employment and Reemployment Rights
Act of 1994, as amended (“ USERRA ”); provided,
that a Participant must provide the Company appropriate
evidence that his or her absence was due to service in the uniformed services and the period of such service in order
to be considered to be on a Military Leave of Absence for purposes of the MIP. For
10