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
to the Termination of Employment will generally apply to the Individual Performance measure, if any, applicable to the
Participant.TheParticipant’sAnnualBaseSalarywillbetheresultofthefollowingformula:X×Y/12,where:
X=theParticipant’sannualbasesalaryasineffectasofthedateofTerminationofEmployment;and
Y= thenumberofcalendarmonthstheParticipantwasactivelyemployedbyDeltaduring2016inaMIP-eligible
position,roundedupforanypartialmonth.3
(B)TerminationofEmploymentWithoutCauseorResultinginBenefitsundertheSeverancePlans.ThisSection
8(a)(iii)(B)appliestoanyParticipantwhoincursaTerminationofEmploymentpriortoJanuary1,2017duetoeither(1)a
Termination of Employment by the Company without Cause or (2) for any other reason that entitles such Participant to
benefitsundertheDeltaAirLines,Inc.2009OfficerandDirectorSeverancePlanoranyotherCompany-sponsoredseverance
planin whichaParticipant iseligibleto participate(the“Severance Plans ”). SubjecttotheParticipant’s executionofa
waiverandreleaseofclaimsinaformandmannersatisfactorytotheCompany,suchParticipantwillbeeligibletoreceivea
MIPAwardbasedonanadjustedannualbasesalaryamount,butotherwiseinthesamemanner,tothesameextentandatthe
sametimeastheParticipantwouldhavereceivedsuchMIPAwardifsuchParticipant’semploymenthadcontinuedthrough
December31,2016(i.e.,basedonachievementofapplicableperformancemeasures).TheParticipant’sAnnualBaseSalary
willbedeterminedinaccordancewiththeformulasetforthinSection8(a)(iii)(A)above.
(C)Death.ThisSection8(a)(iii)(C)appliestoanyParticipantwhoincursaTerminationofEmploymentpriorto
January1,2017duetotheParticipant’sdeath.TheParticipant’sestatewillbeeligibletoreceiveaProRataMIPPayment
madeincashassoonaspracticableafteraParticipant’sTerminationofEmployment,butinnoeventlaterthan2½months
followingtheendoftheyearinwhichtheTerminationofEmploymentoccurs.“ProRataMIPPayment”meanstheresult
ofthefollowingformula:W×Z/12,where:
W=theParticipant’sTargetMIPAward;and
Z=thenumberofcalendarmonthsthe ParticipantwasactivelyemployedbyDeltaduring2016inaMIP-
eligibleposition,roundedupforanypartialmonth.
(b)OtherChanges inEmploymentStatus. Theterms ofthis Section8(b) shallapply tocircumstances involving new hires,
promotions,demotions,transfersorleavesofabsenceduring2016.AfteraParticipant’sTargetMIPAwardisdeterminedunderthisSection
8(b),theappropriateweightingofperformancemeasureswillapplytoeachportionofsuchTargetMIPAwardassetforthinSection5above.
Forpartialcalendarmonths,thechangeinemploymentstatuswillbeconsideredeffectiveasofthe1stdayofthemonthinwhichthereisa
changein status;provided,however, intheevent thata Participantwas(i) ona disabilityleaveof absencefor a periodof lessthan one
calendarmonthduring2016and(ii)activelyatworkforatleastonefulldayduringsuchcalendarmonth,theParticipantwillbedeemedto
havebeenactivelyemployedinaMIP-eligiblepositionfortheentirecalendarmonth.Theendofyearperformanceevaluationwillapplyto
anyIndividualPerformancemeasureapplicabletotheParticipantunlesstheParticipantisnolongersubjecttothesuchevaluationprocess
afterthechangeinemploymentstatus,inwhichcasethemostrecentperformanceevaluationwillapply.AnyMIPAwardspayableunderthis
Section8(b)will bepaidat thesame timeandin thesamemanner as suchawardsare paidtoactiveParticipants, subjecttoSection 7(b)
above.
3ForpurposesoftheMIP,onecalendarmonthiscalculatedfromthedateofmeasurementtothesameorclosestnumericaldateoccurringduringthefollowingmonth.Forexample,one
calendarmonthfromJanuary31,2016willelapseasofFebruary29,2016,twomonthswillelapseonMarch31,2016,andsoon.
7
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