Delta Airlines 2015 Annual Report Download - page 175

EXHIBIT10.18
DELTAAIRLINES,INC.
2016MANAGEMENTINCENTIVEPLAN
1.Purpose.The2016ManagementIncentivePlan(the“MIP”)isanannualincentiveprogramsponsoredbyDeltaAirLines,Inc.(“Delta
”orthe“Company”)thatisintendedtoclosely:(a)linkpayandperformancebyprovidingmanagementemployeeswithacompensation
opportunity based on Delta achieving key business plan goals in 2016 and (b) align the interests of management employees with the
Company’sotheremployeesandstakeholders.TheMIPisbeingadoptedunder,andissubjecttothetermsof,theDeltaAirLines,Inc.2007
Performance Compensation Plan (the “ 2007Plan”). Capitalized terms that are used but not defined in the MIP shall have the meaning
ascribedtotheminthe2007Plan.
2.PlanAdministration.(a)ThePersonnel&CompensationCommitteeoftheBoardofDirectors(the“Committee”)shallberesponsible
forthegeneraladministrationandinterpretationoftheMIPandforcarryingoutitsprovisions.TheCommitteeshallhavesuchpowersasmay
benecessarytodischargeitsdutieshereunder,including,withoutlimitation,thefollowingpowersandduties,butsubjecttothetermsofthe
MIP:
(i)authoritytoconstrueandinterpretthetermsoftheMIP,andtodetermineeligibility,awardsandtheamount,manner
andtimeofpaymentofanyawardshereunder;
(ii)authoritytoprescribeformsandproceduresforpurposesofMIPparticipationanddistributionofawards;
(iii)  authority toadopt rulesand regulationsand to takesuch actionsas itdeems necessaryor desirablefor theproper
administrationoftheMIP,whichauthoritymaybedelegatedtotheCompany’sChiefHumanResourcesOfficer;and
(iv)authorityatanytimepriortoaChangeinControltoeliminateorreducetheactualpayouttoanyParticipantintheMIP.
(b)AnyruleordecisionbytheCommitteethatisnotinconsistentwiththeprovisionsoftheMIPshallbeconclusiveandbinding
onallpersons,andshallbegiventhemaximumdeferencepermittedbylaw.
(c)Notwithstandinganythingcontainedinthe2007Plantothecontrary,theCommitteeshallnothavetheauthoritytoincreasethe
actualpayouttoanyParticipantintheMIP.
3.    Eligibility. All Delta employees worldwide who are officers, managing directors (grade 13), directors (grade 12), general managers
(grade11),grade10orgrade8(otherthanemployeeswhoparticipateinasalesincentiveplanorothermajorfunctionalincentiveplan,as
maybeineffectfromtimetotime)areeligibletoparticipateintheMIP(“Participants”).
4.MIPAwards.
(a)General.TheMIPaward(the“MIPAward”)eachParticipantreceives,ifany,willbebasedon:(i)theParticipant’sTargetMIP
Award,asdefinedbelow;(ii)thelevelofachievementwithineachapplicableperformancemeasure;and(iii)theoccurrenceofapayoutfor
2016undertheCompany’sbroad-basedemployeeprofitsharingprogramforgroundandflightattendantemployees(the“ProfitSharing
Program ”), as described below. Certain additional requirements will apply to any Participant who is employed by the Company as an
executivevicepresidentormoreseniorofficeroftheCompany(“ExecutiveOfficerParticipant”),asdiscussedinSection7(b)below.
(b)PerformanceMeasures.Theperformancemeasuresusedwillbeoneormoreoffinancial(“FinancialPerformance”),
operational(“OperationalPerformance”), revenue (“Revenue Performance ”),leadership effectiveness(“ LeadershipEffectiveness
Performance”)andindividualperformance(“IndividualPerformance”).Achievementundereachperformancemeasuremayrangefrom
belowthreshold,atwhichthereisnopayout,tothemaximumperformancelevel,atwhichthepayoutwillbegreaterthanthetargetlevel,
subjecttoSection4(c)below.
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