MANAGEMENT COMPENSATION AGREEMENT between NORTHWEST AIRLINES, INC. and DAVID M. DAVIS dated as of April 14, 2008Management Compensation Agreement • April 30th, 2008 • Northwest Airlines Corp • Air transportation, scheduled • Minnesota
WHEREAS, Executive and the Company are parties to a Management Compensation Agreement dated as of September 13, 2005 (the “Prior Agreement”);
RETENTION AGREEMENT AND AMENDMENT TO MANAGEMENT COMPENSATION AGREEMENT (“Agreement”) made as of April 14, 2008 between NORTHWEST AIRLINES, INC., a Minnesota corporation (the “Company”) and Douglas M. Steenland (the “Executive”). WHEREAS, the Company...Retention Agreement and Amendment to Management Compensation Agreement • April 30th, 2008 • Northwest Airlines Corp • Air transportation, scheduled • Minnesota
WHEREAS, Northwest Airlines Corporation has entered into an Agreement and Plan of Merger by and among Delta Air Lines Corporation, Delta Air Lines Merger Sub and Northwest Airlines Corporation dated as of April 14, 2008 (the “Merger Agreement”) pursuant to which, subject to certain conditions described therein, it is anticipated that Delta Air Lines Merger Corporation will merge with and into Northwest Airlines Corporation with Northwest Airlines Corporation continuing as the surviving corporation (as described more fully in the Merger Agreement, the “Merger”);
Northwest Airlines, Inc. Letterhead]Management Compensation Agreement • April 30th, 2008 • Northwest Airlines Corp • Air transportation, scheduled
Northwest Airlines, Inc. (the “Company”) previously entered into a Management Compensation Agreement dated as of [ ] ([as amended,] the “Agreement”) with you, pursuant to which the Company agreed to provide you with certain airline pass travel privileges for the personal use of you, your spouse or registered domestic partner and dependent children as well as other benefits, upon the terms and conditions set forth in your Agreement. This letter agreement sets forth certain proposed changes to the Agreement that will become effective if you choose to execute this letter agreement in the space provided below and return it to the Company. None of these changes, however, will become effective unless an executed copy of the original of this letter agreement is returned to [Timothy J. Meginnes, Vice President – Compensation and Benefits, [Northwest Airlines, Inc.], Department A1445, 2700 Lone Oak Parkway, Eagan, Minnesota, 55121, telephone 612-727-9444.]
