Delta Airlines 2013 Annual Report Download - page 140

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(B) “ Disqualifying Termination of Employment ” means an Executive Officer Participant’
s
Termination of Employment by the Company for Cause.
(C) “ Qualifying Termination of Employment ” means an Executive Officer Participant’s
Termination
of Employment (1) by the Company without Cause or (2) due to death or Disability.
(D)
For purposes of this Section 7(b)(ii), if an Executive Officer Participant incurs a Termination of
Employment by reason of (1) a voluntary resignation (including the Termination of Employment by the Participant
if he is employed by an Affiliate at the time the Company sells or otherwise divests itself of such Affiliate) or (2)
Retirement, the Restrictions shall lapse and be of no further force or effect on the date there is a payout under the
Profit Sharing Program as if such Executive Officer Participant’s employment had continued through such date.
(E) For purposes of the MIP, “ Retirement ”
means a Termination of Employment (other than for
Cause or death) either: (1) on or after a Participant’s 62
nd
birthday provided that such Participant has completed at
least 5 years service since his or her most recent hire date with the Company (or an Affiliate or former Affiliate) or
(2) on or after a Participant’s 52
nd
birthday provided that such Participant has completed at least 10 years service
since his or her most recent hire date with the Company (or an Affiliate or former Affiliate).
(iii) Dividends
. In the event a cash dividend shall be paid in respect of Shares at a time the Restrictions on the
MIP Restricted Stock have not lapsed, the Participant shall be eligible to receive the dividend upon the lapse of the
Restrictions. The Restrictions shall apply to any such dividend.
(iv) 2007 Plan; Written Notice
. The MIP Restricted Stock will otherwise be subject to the terms of the 2007
Plan. In the event any Executive Officer Participant’
s MIP Award is converted to MIP Restricted Stock, such Participant
will receive a written notice of such conversion with the details thereof as soon as practicable after the MIP Payment Date.
8. Change in Employment Status.
(a) Termination of Employment .
(i) A Termination Event in 2014--General.
Except as expressly set forth in this Section 8, in the event a
Participant’
s employment with Delta terminates for any reason prior to the end of the workday on December 31, 2014, such
Participant will be ineligible for any award under the MIP. In other words, if a Participant is employed according to
Company records through the end of the workday on December 31, 2014, the Participant will be eligible for any award
earned under the MIP for 2014, including, if applicable, MIP Restricted Stock.
8