Delta Airlines 2015 Annual Report Download - page 169

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(c)RestrictedStockUnits
(i)AwardGrant.AParticipantmayreceiveRestrictedStockUnitsasspecifiedintheParticipant’sAwardAgreement
(the“RSU”).
(ii)GrantDate.TheGrantDateoftheRSUswillbedeterminedinaccordancewiththeCompany’sEquityAwardGrant
Policy,asineffectfromtimetotime,andsetforthintheParticipant’sAwardAgreement.
(iii)RiskofForfeiture.UntilanRSUbecomesvested,aParticipantwillnotbepermittedtosell,exchange,assign,transfer
orotherwisedisposeoftheRSUandtheRSUwillbesubjecttoforfeitureassetforthbelow.
(iv)Vesting.Subjecttothetermsof2007PerformancePlanandthe2016LTIP,theRSUswillvestwithrespecttoone-
thirdoftheRSUsoneachofthefollowingdates:(A)February1,2017(“FirstRSUInstallment”),(B)February1,2018(“Second
RSUInstallment”)and(C)February1,2019(“ThirdRSUInstallment”).4
AssoonaspracticableafteranyRSUsbecomevested,theCompanyshallpaytoParticipantincashalumpsumamountequal
tothenumberofRSUsvestingmultipliedbytheclosingpriceofaShareofCommonStockontheNewYorkStockExchangeonthe
vestingdateor,iftheCommonStockwasnottradedontheNewYorkStockExchangeonthevestingdate,thelastdatepriortothe
vestingdatethattheCommonStockwastradedontheNewYorkStockExchange.
(v)AcceleratedVesting;Forfeiture.TheRSUsandthevestingprovisionssetforthinthisSection4(c)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, a numberof
RSUsequaltotheProRataRSUPortionwillbecomeimmediatelyvestedasofthedateofsuchTerminationofEmployment.
UponaParticipant’sTerminationofEmploymentbytheCompanywithoutCauseorbytheParticipantforGoodReason,any
unvestedRSUs,otherthantheProRataRSUPortion,shallbeimmediatelyforfeited.
4ThenumberofRSUssubjecttoeachRSUInstallmentwillbeequaltothetotalnumberofRSUsdividedbythree;provided,thatifthisformularesultsinanyfractionalRSUallocationto
anyRSUInstallment,thenumberofRSUsintheFirstRSUInstallmentand,ifnecessary,theSecondRSUInstallment,willbeincreasedsothatonlyfullRSUsarecoveredbyeachRSU
Installment.Forexample,ifanRSUAwardcovers1,000RSUs,theRSUwillvestwithrespectto334RSUsundertheFirstRSUInstallmentand333RSUsundereachoftheSecondand
ThirdRSUInstallments.
10
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