Delta Airlines 2015 Annual Report Download - page 182

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(i)NewHires.With respecttoany individual whobecomesemployed byDeltaas agrade8 or anymoresenior MIP-
eligiblepositionduring2016butafterJanuary1,2016,suchindividualwillbeaParticipantintheMIPandwillbeeligibletoreceive
anawardundertheMIPfor2016;provided,thatsuch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ofDecember31,2016;and
Y=thenumberofcalendarmonthstheParticipantwasactivelyemployedbyDeltainaMIP-eligiblepositionduring2016,
roundedupforanypartialmonth.
(ii)Promotions.ParticipantswhoareeitherpromotedintoaMIP-eligiblejoblevelorpromotedintoahigherlevelofMIP
participationduring2016 willhave theirTargetMIP Award calculatedbasedon their annualbasesalary at eachMIP-eligiblejob
level (measured as of the date immediately prior to the date the promotion is considered effective for purposes of the MIP, if
applicable, as described in the first paragraph of Section 8(b) above, and as of December 31, 2016) and the number of calendar
monthstheywereemployedineachsuchcapacity,multipliedbytherelevanttotaltargetawardpercentageapplicabletotheirposition
orpositionsduringtherelevantperiod.
(iii)Demotions.ParticipantswhoareeitherdemotedtoapositionthatisnoteligibletoparticipateintheMIPordemotedto
alowerlevelofMIPparticipationduring2016willhavetheirTargetMIPAwardcalculatedbasedontheirannualbasesalaryateach
MIP-eligiblejoblevel(measuredasofthedateimmediatelypriortothedatethedemotionisconsideredeffectiveforpurposesofthe
MIP, as described in the first paragraph of Section 8(b) above, and, if applicable, as of December 31, 2016) and the number of
calendarmonths theywere employed ineach suchcapacity,multiplied bythe relevanttotaltarget awardpercentage applicableto
theirpositionorpositionsduringtherelevantperiod.
(iv)TransfersandLeavesofAbsence.Intheeventthatduring2016aParticipant(A)transfersemploymentfromDeltatoa
Delta subsidiary or Affiliate that does not participate in the MIP or (B) goes on any type of leave at any time during 2016, the
ParticipantwillhavehisTargetMIPAwardcalculated,subjecttoSection8(b)(v),basedonhisannualbasesalary(measuredasofthe
dateimmediatelypriortothedatethetransferorleaveisconsideredeffectiveforpurposesoftheMIP)andthenumberofcalendar
monthshewas actively employedinaMIP-eligible position during2016,multipliedby the relevanttotaltargetaward percentage
applicabletohisMIP-eligibleposition.
(v)MilitaryLeave.Intheeventthatatanytimeduring2016aParticipantisonaMilitaryLeaveofAbsence,hisorher
Annual Base Salary shall be equal to the aggregate annual base salary the Participant received from Delta during 2016 plus any
amountofbase salarysuchParticipant wouldhave receivedhadhe orshebeen actively employedbyDelta inanycorresponding
MIP-eligiblepositionduringsuchleave.“MilitaryLeaveof Absence ” meansa Participant’s absencefrom his orher position of
employment at any time during 2016 because of service in the uniformed services, as defined under the Uniformed Services
Employment and Reemployment Rights Act of 1994, as amended (“ USERRA ”); provided, that a Participant must provide the
Companyappropriateevidencethathisorherabsencewasduetoserviceintheuniformedservicesandtheperiodofsuchservicein
ordertobeconsideredtobeonaMilitaryLeaveofAbsenceforpurposesoftheMIP.ForpurposesoftheMIP,anyParticipantwhois
absentduetomilitaryservice(accordingtoDelta’srecords)asofDecember31,2016andhasbeenonsuchleaveforacumulative
period(duringtheperiodheorshehasbeenemployedbyDelta)offiveyearsorless,willbepresumedtobeonaMilitaryLeaveof
Absence.AnyParticipantwhoissimilarlyabsentduetomilitaryservice(basedonDelta’srecords)andwhohasbeenonsuchleave
foraperiodofmorethanfiveyearswillnotbeconsideredtobeonaMilitaryLeaveofAbsenceuntilheorsheprovidesappropriate
evidencethatheorsheisentitledtoanexceptiontothefive-yearlimitonuniformedserviceassetforthinUSERRA.
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