Delta Airlines 2014 Annual Report Download - page 440

Payouts will be straight-line interpolated when Pre-
Tax Income results fall above Threshold and below Target or above Target and below
Maximum; provided, however
, for managing director (grade 13), director (grade 12) and general manager (grade 11) Participants only, if
the Percentage Payout under the Profit Sharing Program for 2015 (as such term is defined therein) meets or exceeds 9.0%, payouts to
such Participants based on Financial Performance will not be less than the Threshold amount regardless of whether the actual
performance results fall below Threshold.
“Pre-Tax Income” will be the amount of Pre-Tax Income, if any, determined under the Profit Sharing Program for 2015.
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(b) Operational Performance Measures.
The Operational Performance measures for 2015 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
2015 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 2015 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 2015 Operational Performance, subject to
Section 4(c) above:
Payouts based on the Shared Rewards Program and Delta Connection Goals will be straight-
line interpolated when actual performance
results fall above Threshold and below Target or above Target and below Maximum.
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The Profit Sharing Program for 2015 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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Below Threshold Threshold Target Maximum
Shared Rewards Program
% of Target Payout for this Performance
Measure (75% Weighting) 0% 37.50% 75% 150%
Number of monthly Shared Rewards
Program goals actually met during 2015 15 or less 16 21 26 or more
Delta Connection Goals
% of Target Payout for this Performance
Measure (25% Weighting) 0% 12.50% 25% 50%
Number of Delta Connection Goals actually
met during 2015 8 or less 9 14 19 or more