Delta Airlines 2015 Annual Report Download - page 167

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(E)Vesting/PerformanceMeasures.Thepayment,ifany,aParticipantwillreceiveinconnectionwiththevesting
ofthePerformanceAwardwillbebasedonthefollowing:
PerformanceMeasure
Weighting
Threshold
(50%ofTarget)
Target
(100%ofTarget)
Maximum
(200%ofTarget)
AverageAnnualOperating
IncomeMargin CompositePerformance 0.5%pointsabove
CompositePerformance
1.5%pointsabove
CompositePerformance 50%
CustomerService
Performance—Domestic +0%points +2.4%points +3.7%pointsorhigher 15%
CustomerService
Performance—
International +2.0%points +4.3%points +5.7%pointsorhigher 10%
ReturnonInvestedCapital 16.0% 18.0% 20.0%orhigher 25%
Anyportion of a Performance Awardthat doesnot vestat theend ofthe Performance Period will immediately lapse and
becomevoid.Payoutsbasedontheaboveperformancemeasureswillbestraight-lineinterpolatedwhenactualperformance
resultsfallaboveThresholdandbelowTargetoraboveTargetandbelowMaximum.
(vi)TimingofPayment.Thepayout,ifany,ofanyPerformanceAwardthatvestsunderSection4(b)(v)willbemadeas
soonaftertheendofthePerformancePeriodasthepaymentamountcanbefinallydetermined,butinnoeventlaterthanMarch15,
2019,unlessitisadministrativelyimpracticabletodoso,andsuchimpracticabilitywasnotforeseeableattheendof2018,inwhich
casesuchpaymentshallbemadeassoonasadministrativelypracticableafterMarch15,2019.
(vii)     Accelerated Vesting/Forfeiture upon Termination of Employment . The Performance Awards are subject to the
followingtermsandconditions.

(A)Without Cause or For Good Reason. Upon a Participant’s Termination of Employment by the Company
withoutCauseorbytheParticipantforGoodReason(includingtheTerminationofEmploymentoftheParticipantifheor
sheis employedby anAffiliate atthe timethe Companysells orotherwise divests itself of suchAffiliate), subjectto the
Participant’sexecutionofawaiverandreleaseofclaimsinaformandmannersatisfactorytotheCompany,theParticipant’s
targetPerformanceAwardwillberecalculatedandwillbetheresultofthefollowingformula(the“AdjustedPerformance
Award”):S×(T÷36)where,
S=theportionoftheParticipant’stargetPerformanceAwardasoftheGrantDate;and
T=thenumberofcalendarmonthsfromJanuary1,2016tothedateofsuchTerminationofEmployment(roundedup
foranypartialmonth).
8
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