Participants: | All members of Delta’s Board of Directors (the “Board”) who are not employees of Delta (“Non-Employee Directors”). These directors are: |
Francis S. Blake | Jeanne P. Jackson |
Daniel A. Carp | George N. Mattson |
David G. DeWalt | Sergio A. L. Rial |
William H. Easter III | Kathy N. Waller |
Mickey P. Foret |
Type of Award: | Restricted Stock, as defined and granted under the Delta Air Lines, Inc. Performance Compensation Plan (the “Performance Compensation Plan”). |
Grant Date: | June 30, 2017 |
Shares: | The number of shares of Restricted Stock granted to each Non-Employee Director equals the result of the following formula: $160,000 divided by Y, where |
Partial Shares: | Any partial shares resulting from the above formula will be ignored and the aggregate shares of Restricted Stock for each Non-Employee Director will be rounded up to the nearest whole ten shares. |
Vesting: | Each grant awarded to a Non-Employee Director under the terms of this Attachment A (a “2017 Grant”) will vest (the “Vesting Date”) on the earlier of (1) June 30, 2018 and (2) the date of Delta’s 2018 Annual Meeting of Stockholders, subject to such Non-Employee Director’s continued service as a member of the Board on the Vesting Date. |
Vesting: | Notwithstanding the foregoing, accelerated vesting will occur prior to the Vesting Date as follows: individual 2017 Grants will immediately vest on the date such Non-Employee Director ceases to be a member |
Forfeiture: | Except as expressly set forth above, a Non-Employee Director will immediately forfeit any unvested Restricted Stock on the date such Non-Employee Director ceases to be a member of the Board for any reason, other than due to death, Disability or Retirement. |
Dividends: | In the event a cash dividend is paid with respect to shares of Delta Common Stock at a time during which the 2017 Grant is unvested, the Non-Employee Director will be eligible to receive the dividend when the 2017 Grant vests. |