Delta Airlines 2013 Annual Report Download - page 135

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*
Notwithstanding the weightings set forth above, the Committee has delegated to the Chief Executive Officer of the Company, the
authority to reallocate up to an aggregate of (i) twenty percentage points for Senior Vice Presidents and Vice Presidents and (ii) ten
percentage points for Managing Directors and Directors, of the Target MIP Award allocated to Financial Performance to one or
both of the Operational Performance and Revenue Performance weightings.
6. The Performance Measures-Threshold, Target and Maximum Payout Levels.
The Target MIP Award, and the amounts
paid in connection with target levels of Financial, Operational, Revenue, Leadership Effectiveness, and Individual Performance, are
based on the achievement of the target performance level with respect to each applicable performance measure (except that
Financial Performance also requires a payout under the Profit Sharing Program for 2014). A Participant’
s actual MIP Award may
be greater or less than the target amount based on whether performance under one or more of the performance measures applicable
to the Participant exceeds or is below target performance, subject to Section 4(c) above. This is explained in more detail below.
(a) Financial Performance Measures . The Financial Performance measures for 2014 are based on Delta’s Pre-
Tax
Income, as defined below. The following table describes the performance ranges and award payout levels for 2014 Financial
Performance, subject to Section 4(c) above:
3
Performance Measures and Weightings
Employment
Level
% of Target MIP
Award allocated to
Financial
Performance
% of Target MIP
Award allocated to
Operational
Performance
% of Target MIP
Award Allocated to
Revenue Performance
% of Target MIP
Award allocated to
Leadership
Effectiveness
Performance
% of Target MIP
Award allocated to
Individual
Performance
CEO 50% 25% 25% 0% 0%
President 50% 25% 25% 0% 0%
COO and CRO 50% 25% 25% 0% 0%
EVP 50% 25% 25% 0% 0%
CIO and SVP -
ACS/TechOps 50% 25% 25% 0% 0%
SVP* 50% 25% 15% 10% 0%
VP* 50% 25% 15% 10% 0%
Managing Director
(Grade 13)
* 35% 15% 10% 0% 40%
Director
(Grade 12)
* 35% 15% 10% 0% 40%
General Manager
(Grade 11)
25% 15% 10% 0% 50%
Grade 10 0% 0% 0% 0% 100%
Grade 8 0% 0% 0% 0% 100%