展品10.1
分手协议和一般性解除。
DELTA航空公司高级职员和董事离职补偿计划
自2016年6月1日起修订并重新制定
DELTA航空公司管理激励计划
DELTA航空公司2023和2024年长期激励计划
自2016年6月1日起修订并重新制定
DELTA航空公司管理激励计划
DELTA航空公司2023和2024年长期激励计划
DELTA航空公司绩效薪酬计划
1. 收益并不保证未来的收益。 我，Michael Spanos，签署的个人，希望接受Delta Air Lines, Inc.（及其子公司和关联公司，“达美”或“公司公司”）提供的福利：
a. 修订并重新制定于2016年6月1日的达美航空公司高级主管和董事离职补偿计划，以及不时进行的进一步修订（以下简称“401(k)计划的雇主贡献”);
b. 三角洲航空公司管理激励计划 ("MIP") 2024 年三角洲航空公司 2023 年度长期激励计划奖励协议 ("2023 年度 LTIP 奖励协议") 以及 2024 年度三角洲航空公司长期激励计划奖励协议 ("2024 年度 LTIP 奖励协议" 和，与 2023 年度 LTIP 奖励协议一起，"LTIPs”), which plans provide for a pro-rated award in connection with my separation from the Company; and
c. 戴尔塔航空公司绩效报酬计划奖励协议，日期为2023年6月20日（“初始股权奖励协议”).
同意参与本计划并获得本分离协议和一般性协议第 2 节所述的其他福利（”协议”），我承认我已经仔细阅读了本计划、初始股权奖励协议、MIP、LTips以及本协议的条款。我认为，执行本协议以获得本计划下的福利以及2024年MIP、初始股权奖励协议和LTips下的按比例分摊的奖励符合我的最大利益，我承认在没有胁迫的情况下自愿签订了本协议。我了解，本协议中未另行定义的大写术语具有本计划、初始股权奖励协议、MIP或LTips赋予它们的含义。我进一步承认并同意，我与达美的离职日期是或将是2024年9月1日（”离职日期”）。我还辞去了自同日起在任何达美子公司或附属公司可能担任的任何职位。
2. 解雇福利作为交易，自愿执行和返回本协议给Delta，并满足计划中规定的所有资格标准，初始股权奖协议，MIP，LTIPs和本协议中规定的条款：
Delta将为我提供：
i. 计划中描述的好处;
ii.如果按规定支付，则按比例分配2024年MIP奖励，如MIP第7(a)(ii)(B)节所述；
iii. 根据2023年LTIP奖励协议和2024年LTIP奖励协议附录A第A.3(a)节描述的我的限制性股票奖励的比例部分；
iv.2023年LTIP奖励协议和2024年LTIP奖励协议附录A第b.4(a)款描述的调整后绩效奖。
根据2023年LTIP奖励协议和2024年LTIP奖励协议附录A第C.6(a)节描述的我的绩效限制股奖励PRSU部分。
根据初始股权奖励协议附录A第A.3(a)节的规定，应支付我受限股票奖励的按比例计算RS部分。
我明白根据该计划、本协议、首次股权奖协议、2024年MIP和LTIP的任何福利和支付将受到任何必要的预扣和支付任何适用的联邦、州和地方税款的影响。
我承认并同意，Delta将没有义务在我与Delta的雇佣关系或该关系的终止方面向我提供任何福利，除非在计划、初始股权奖励协议、2024 MIP和LTIPs中有所描述，并且可以根据本协议进行修改（但不包括根据我在Delta任职期间参与的任何退休和福利计划各自条款规定的任何雇后福利）。
3. 一般弃权和解除。 为了Delta根据计划提供的好处，本协议，初始股权授予协议，2024年MIP和LTIPs，我特此同意如下：
a.除了根据或产生于计划、本协议下提供的权利和义务，以及我可能拥有的达美航空赞助的任何广泛福利计划、达美401(k)养老金计划、达美航空公司绩效报酬计划(或任何后继计划)、达美有关离职员工资格获得未使用、已赚取度假或带薪个人时间支付的度假政策，或我可能具有的对达美的赔偿权，我在此放弃、解除、撤回、撤销并永久免除任何和所有对达美、包括其前身和后继者、其子公司和关联公司及其各自的现任和前任管理人、受托人、母公司、子公司、计划、附属公司、董事会成员、官员、董事、股东、代表、代理人、雇员、计划管理员以及通过或与达美或其现任和前任前身、后继者、子公司和关联公司有关的所有其他人，无论是直接还是间接，个人或代表性质，对达美提出的、已知或未知的、固定或附随的任何索赔、诉因、费用或开支，我现在拥有或将来可能拥有的所有权利和义务，无论是直接还是间接，私人或代表性质。 （每个“被释放方由于从时间开始直到，并包括本协议签署日期，与我在达美、其子公司或关联公司的就业及离职有关的任何事项、行为、索赔、事件、行为、疏忽、原因或事情，我在此放弃、释放、撤回、撤销并永久免除任何和所有对达美、包括其前身和后继者、其子公司和关联公司以及其各自现任和前任管理员、受托人、母公司、子公司、计划、附属公司、董事会成员、官员、董事、股东、代表、代理人、雇员、计划管理员以及通过或与达美或其现任和前任前身、后继者、子公司和关联公司有关的所有其他人的索赔、诉因、费用或开支，无论其起因，与我就业和离职有关。这项一般弃权和免责包括但不限于依据1964年《民权法案》第七章、1991年《民权法案》、乔治亚州雇佣性别歧视法典、亚特兰大市公平私人就业法令、1967年《雇佣年龄歧视法案》等产生的，已知或未知的、固定或附随的一切索赔、诉因和行为。 《老年工人福利保护法案》; 《乔治亚州雇佣年龄歧视法案》; 1990年美国残疾人法案; 1973年康复法案; 乔治亚州残疾人就业平等法案;《员工调整和再培训通知法案》; 42 U.S.C. §§ 1981至1988; 1974年员工退休保障法案;《家庭医疗假法案》;《国家劳工关系法案》;《遗传信息禁止歧视法》;《移民改革和控制法案》;
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公平信用报告法; 行政命令11246号; 1963年平等报酬法;温德尔·H·福特航空投资和改革法案21世纪(AIR 21); 公平劳工标准法的非报复条款; 2002年萨班斯-奥克斯利法案; 《统一服务就业和再就业权利法》; 任何提供对报告涉嫌违法或违规行为的雇员进行保护的联邦、州或地方法规、法令或法规; 任何关于歧视性招聘或就业行为或基于受保护类别身份的民权法律或其他就业行为要求或保护(除了某些不可放弃的工资或休假福利); 故意或过失的精神痛苦,诽谤,过失雇佣,违约,善意和诚实交易承诺,承诺干扰,疏忽,或解雇;以及所有其他任何种类或性质的索赔,包括任何合同或侵权行为的索赔,任何请求平等救济或金钱赔偿(包括补偿性和惩罚性赔偿),任何请求律师费用的索赔,以及任何要求与任何此类声称相关的费用。我理解并打算本协议应解除对受解除方的所有索赔，但不应对协议执行日期之后可能发生的事件引起的索赔进行解除。21世纪医疗改革法案 世纪(航空投资和改革法21 任何联邦、州或地方法规; 其他 某联邦、州或地方法规，法令或法规提供对报告疑似违法或违规行为的雇员进行保护; 其他联邦、州或地方法规，法令或法规关于歧视性招聘或就业行为或基于受保护类别身份的民权法律或其他就业行为要求或保护(除了某些工资或请假福利可能无法放弃); 故意或疏忽造成精神痛苦,诽谤, 疏忽雇佣, 违约, 善意和忠实交易约定, 约定阻挠, 疏忽, 或非法解雇的普通法诉讼; 以及所有其他类型或性质的任何索赔，包括任何合同或侵权的索赔，任何请求平等救济或金钱赔偿(包括补偿性和惩罚性赔偿)，任何要求律师费用，并且与任何这类声称相关的费用索赔。我理解并打算，本协议应解除对解除方的所有索赔，但不应解除协议执行日期之后可能发生的事件引起的索赔。
b. 我确认、同意并特此规定以下事项：(i) 在我与Delta的雇佣期间，我被允许休所有假期并享有根据《家庭医疗假法》（FMLA）、《统一服务就业和复职权法》（USERRA）或任何其他适用的联邦、州或地方法律，为了医疗、家庭、身份币、育儿、军事服务、法庭、义务或义工相关原因而享有的所有其他权利；及 (ii) Delta 无论在任何情况下都未干涉、限制或否定我行使（或试图行使）FMLA、USERRA或任何其他适用的联邦、州或地区休假法律的任何权利，亦未因我行使（或试图行使）任何此等权利而终止或以其他方式对我进行歧视。FMLAUSERRA其他”) 托儿事由、「父母、军事服务、法庭或志愿者相关原因」等医疗、家庭、身份币休假法所提供的休假权利休假法医疗、军工、身份币、育儿、军事服务、法庭、义务或义工相关原因」等医疗、家庭、身份币休假法
c. 除本协议另有特别规定外，我确认、同意并特此声明：(i) 关于我在Delta的雇佣以及后续离职，我已经收到根据《公平劳工标准法》（FLSA）或任何其他适用的联邦、州或地方法律或法规应支付的工资、佣金、补偿、累积休假、福利和其他欠款金额；及(ii) 我并没有任何根据FLSA或任何其他适用的联邦、州或地方工资法应支付的拖欠工资、损害赔偿、罚款或其他款项。FLSA或任何其他适用的联邦、州或地方法律或法规规定支付工资、佣金、补偿、用餐时间、休息时间、福利、累积休假和支付时间方面，我已经得到应得的一切。工资法以及我没有应支付的任何拖欠工资、损害赔偿、罚款或任何其他款项依据FLSA或任何其他适用的联邦、州或地方工资法。
d. 我明白本协议将在法律允许的范围内解除对被释放的人所有索赔，但不禁止我 (i) 在法律程序要求时准确和全面回应任何问题、查询或要求索取资料；(ii) 向平等就业机会委员会、司法部、证券交易委员会、劳工部、职业安全和健康管理局或任何其他联邦、州提出控制或投诉。或地方政府机构或佣金（每个，a」政府机构」)；或 (iii) 向任何政府机构披露资料、向任何政府机构举报可能违规或参与调查或诉讼。此外，与任何政府机构的通讯不会被视为违反本协议中的任何其他条款，包括任何不轻视或保密规定。我不需要在进行任何此类沟通之前与本公司联系。
e.除了执行本协议条款所必要的情况并受第3.d条款的约束外，我同意我自己，以及代表我的任何人（除了政府机构），将不对任何人提起诉讼
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释放方基于本协议下的任何释放要求而释放。如果我起诉，或任何代表我的人（除政府机构外）根据本协议释放的任何要求对任何释放方提起诉讼，我将根据第3.d.条的规定，使每个释放方免受在该诉讼中提出的任何要求以及所有因辩护该要求而产生的成本和费用，包括律师费。无论是谁，包括政府机构，提起此类要求，我将不接受任何支付或其他利益，作为此类诉讼或任何解决之结果，除非这样的限制违反法律。
我在完全了解的情况下签署本协议，明白可能存在问题、行动、索赔和事项。对于本协议所提供的任何支付或福利，我接受为最终结果。我签署本协议时理解并承认放弃此类不知道的问题、行动、索赔和事项的重要性和后果。因此，为了实现对被释放方的完全释放和解除，我在此明确承认，这份一般释放意在包括并解除所有未知的问题、行动、索赔和事项，不受限制地，即使是在签署本协议的日期我不知道或怀疑存在的问题、行动、索赔和事项，本协议预期消灭所有这类问题、行动、索赔和事项。 我签署本协议时明白并承认，可能存在不知道的问题、行动、索赔和事项，且任何支付或福利作为本协议的考虑而提供均为最终接受。对于放弃此类未知问题、行动、索赔和事项的重要性和后果，我签署本协议时知悉并承认。因此，为了实现全面释放和解除被释放方的目的，我在此明确承认，此一般释放意在包含并解除所有未知的问题、行动、索赔和事项，即使是在签署本协议当日我不知道或怀疑存在的问题、行动、索赔和事项，且本协议考虑了消除所有此类问题、行动、索赔和事项。
g.我声明并同意，我并不知道任何被解除责任方所犯的行为违反任何联邦、州或地方法令、条例、规定或其他适用法律。
4. 不接受入场。 本协议不得被任何被解除责任方解释为其已违反任何联邦、州或地方法律、法规，或违反任何Delta政策。 《法典》、条例或规定，或违反任何Delta政策。
5. 年龄歧视索赔豁免。 我明白根据联邦、州和地方法律可能存在许多有价值的权利，包括《1967年就业中的年龄歧视法》修订案下的权利，29 U.S.C. § 621， 等。 seq. (“ADEA已通过签署本协议放弃的。在此情况下，并不论ADEA的覆盖范围如何，我特此证明：
a. 本协议、计划、初始股权奖励协议、MIP和LTIPs的撰写方式对我易于理解。
我在本协议下收到了有价值的对价，否则我是没有资格的。
c. 本协议、计划、初始股权奖励协议、MIP和LTIP的付款和其他补偿构成本协议中我所作陈述、放弃、解除、免除及其他协议的充分、公平、充分的对价。
d.在签署本协议前，我已收到书面建议，包括本协议，应当咨询律师。
e. 我明白本协议是对达美及其他被释放方的一般豁免，放弃任何过去或现有的索赔或潜在索赔，无论是否已知，包括与我与达美的雇佣关系以及该关系的终止有关的任何索赔或潜在索赔。
我被给予了45天的期限来考虑是否签署本协议，并咨询律师、会计师、税务顾问、配偶或其他任何人。我无论选择
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已经利用了整整45天的时间来考虑这份协议，或者自愿选择在那段时间结束前执行这份协议。
我承认并同意我已收到计划书副本、首次股权授予协议、MIP和LTIPs，并包括每个计划或项目提供的福利描述以及符合每个计划或项目福利的资格。
h. 我明白，就ADEA规定的索赔而言，我在签署后有七个日历日的时间撤销该协议，需要书面通知Delta。为了撤销该协议，我必须通过签署的声明通知Delta撤销意向，送交至Delta Air Lines, Inc.，ATG Department 948，1030 Delta Blvd., Atlanta, Georgia 30354-6001的副总裁Kelley Elliott，人力资源服务及全面奖励，或交至Delta书面指定的其他人员和地址，须在七天的最后一天或之前。我承认除非我已行使撤销权利，否则该协议将在我签署协议后的八个日历日才生效。如果我撤销该协议，它将立即无效，不再具有任何效力，我也不会收到该协议中提到的离职福利；否则，该协议将在我签署后的第八个日历日完全生效和可执行。
i. 我没有以任何方式被迫执行这份协议。
6. 财产返还。我同意所有属于Delta的财产，包括记录、文件、备忘录、报告、人员信息（包括公司记录、福利档案、培训记录、客户名单、操作程序手册、安全手册、基本报表、价目表等），均涉及Delta业务，无论是以物理形式还是电子形式存在，我在雇佣期间接触过的，应作为本协议双方之间的唯一财产保留给Delta。我在此保证已将所有Delta的原件和副本归还给Delta，或将在离职日期之前归还该材料。Delta的资料）应作为本协议双方之间的唯一财产保留给Delta。我在此保证已将所有Delta的原件和副本归还给Delta，或将在离职日期之前归还该材料。
7. 合作。 I 同意，我应在书面请求并在情况合理的情况下，配合并担任达美(Delta)在任何未决或将来的诉讼或其他法律事务中要求的任何职务，有关我在达美工作期间对诉讼或事务相关的知识或信息。达美将就我在配合过程中发生的合理和必要的费用予以报销。
8。保密 或专有信息
a. 我承认，在我为达美航空工作期间，我以有形和无形形式（包括但不限于保留的心理印象）获得并了解了有关达美及其业务、现有和潜在客户、供应商、合作伙伴、投资者和相关第三方以及委托文件、材料的其他个人和实体的非公开、秘密、机密和专有文件、材料和其他信息，或保密地向达美提供信息（统称”机密或专有信息”）。我特此同意，我将以信托身份持有达美的利益，不得直接或间接地代表我自己或代表他人使用或向任何个人、企业或实体披露任何机密或专有信息，无论此类机密或专有信息是否由我开发或编写，以及我之前是否获得访问或使用此类机密或专有信息的授权。我理解并同意，我在达美工作期间开发或编制的机密或专有信息受本协议条款和条件的约束，就好像达美在第一时间向我提供相同的机密或专有信息一样。我
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我理解并承认，根据本协议，我的保密义务将持续到离职日期之后的五年，前提是关于包括交易秘密（如下文第9部分所定义）的机密或专有信息的保密义务将根据法律允许的期限持续生效。
根据本协议，机密或专有信息包括但不限于以下所有板块：未为公众所熟知的口头、书面、电子或其他形式或媒介的信息，直接或间接与以下任何内容有关，无论是否涉及达美航空或任何现有或潜在的顾客、供应商、合作伙伴、投资者、或达美航空的关联第三方，或已向达美航空依信任提供信息的其他人或实体所提供：商业秘密；业务流程、实践、政策、程序和运营方法；产品和服务开发计划和战略；业务发展计划和战略；研发计划和战略；与资产销售相关的计划、战略和协议；市场推广和为第三方飞机进行维修和保养的销售计划和策略；营销、联盟、广告和销售计划和策略；技术、思想、专业技术、概念、技术、流程、发明、发现、发展、草图、笔记、未发表的专利申请、报告和原创作品；软件、数据、数据库、算法、实验流程和结果；手册、记录、设备规格和配置；现有或潜在协议、合同、谈判及相关条款、计划和战略；联盟协议、计划和流程；定价信息和清单；客户名单、信息、计划和策略；供应商名单、信息、计划和策略；财务和会计信息、记录和预测；财务和广告计划和策略；人员数据；员工的薪酬和激励计划；关于员工、承包商、申请人和其他人的可识别个人信息；培训计划和策略。我理解并承认上述列表并非详尽无遗，机密或专有信息还包括已标记或以其他方式确定或处理为机密或专有的其他信息，或在已知或使用信息的情境和环境中合理人视为机密或专有的信息。
c. 术语“保密或专有信息”不包括以下信息：(i) 已通过有权披露此信息的人的行为公开向公众提供的信息；(ii) 由他人独立开发并披露的信息；以及 (iii) 通过合法手段进入公共领域的信息。本协议中的任何内容均不意味着，或应被解释为，限制任何适用法律保护保密或专有信息的规定。
9. 商业机密
我进一步承认 在我与Delta雇佣期间，我可以访问并获得机密或专有信息，符合乔治亚州法律和/或美国法律下“商业秘密”定义范围，包括但不限于关于Delta目前和未来运营、财务运营、研发计划和策略、营销计划和策略、联盟协议和关系、员工的薪酬和激励计划，以及Delta及其员工、现有和潜在客户、供应商、顾问、合作伙伴、投资者和其他相关第三方使用的业务方法以及其他信息，该信息从不被公众所知，且非常难以通过正当手段轻易获取经济价值，而这些信息正是在合理情况下努力维护它的保密性（每一个为“交易秘密”）。我在此同意，只要这样的信息仍然符合乔治亚州法律和/或美国法律下交易秘密的定义，我将以受托人的身份为Delta的利益保留，并不会直接或间接地利用，在我自己的
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代表自己或他人，均不得泄漏任何商业秘密，或向任何个人、组织或实体传输、透露或披露任何商业秘密。本协议中的任何内容均不意在限制或被解释为限制任何保护商业秘密的适用法律的保护。
b. 根据本条款，我被告知2016年《捍卫商业秘密法》（”DTSA”) 规定，任何联邦或州商业秘密法规定，对于 (i) 直接或间接向联邦、州或地方政府官员秘密披露的 DTSA 定义的商业秘密的任何机密披露，或者仅为举报或调查涉嫌违法行为而披露给律师；或 (ii) 在诉讼或其他诉讼中提起的投诉或其他文件中披露给律师，均免于承担任何联邦或州商业秘密法律规定的责任，如果此类文件是密封提交的。
10. 协议的保密性。 根据以上第3.d节的规定，我同意本协议的性质、条款、条件和内容严格保密，我和我所有的律师和家庭成员均应对其保密，未经Delta事先书面同意，不得在任何时候向任何其他个人或实体透露，仅可披露解决金额，仅可：
（a）在准备和提交适当的纳税申报或处理联邦或州税务机关时必要；
（b）进行个人或业务财务规划时。此外，无论本协议的任何条款均可在任何提起以强制执行本协议条款的诉讼或其他法律程序期间或根据有效传票或法庭令的要求而披露。我同意，在收到要求披露本协议的内容、条款、条件或内容的传票或其他法院或行政机构命令时，我将在五天内书面通知Delta，并给予Delta反对披露此信息的机会后再回复任何此类要求。
11. 非竞争协议
我承认并同意以下事项：
i. 三角洲竞争全球空运市场，包括客运和服务、空运货运服务、第三方飞机维修及保养、度假批发、炼油业务，三角洲的业务范围既有国内也有国际。
ii. 以下所列或描述的航空公司及附表1中列出的相关企业是达美航空的特定竞争对手，我在所列或描述的任何实体就业或咨询将对达美航空造成的损害大于我可能与其他公司就业或咨询的损害；
iii. 在我作为达美航空公司执行副总裁兼首席运营官的任职期间，我密切参与了达美航空公司业务的重要元件的规划或指导，并且通过这些活动在达美航空公司发展或补充了我的专业知识和技能，将这些技能的使用或披露给达美航空公司的竞争对手将对达美航空公司的合法业务利益造成损害；
iv. 本第11节规定的限制不会妨碍我谋生，因为我拥有的技能类型需求广泛，全球和国内的客运和货运航空公司以及不在第11.b或附件1中包含的相关业务众多。
b. During the one-year period following the Separation Date, I will not on my own behalf or on behalf of any person, firm, partnership, association, corporation or business organization, entity or
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enterprise, whether as an employee, consultant, partner or in any other capacity provide services that are the same or similar to the services of the type conducted, authorized, offered or provided by either me or any other executive, key, or professional employee of Delta or any of its subsidiaries/divisions within two years prior to my termination of employment, to:
i. any of the following entities (including any successors thereto), any airline alliances (including Star Alliance and Oneworld) or airline industry associations (including Airlines for America and International Air Transport Association) in which such entity participates, and any partially or wholly owned subsidiary or joint venture of such entity that operates an airline or a business operated by Delta as of the Grant Date: Alaska Air Group, Inc., Amazon Air, American Airlines Group, Inc., Frontier Group Holdings, Inc., Jet Blue Airways Corporation, Southwest Airlines Co., Spirit Airlines, Inc., United Airlines Holdings, Inc., Avianca S.A., Emirates Group, Etihad Airways P.J.S.C., International Consolidated Airlines Group, S.A. or Qatar Airways Company Q.C.S.C.;
ii. any passenger or cargo air carrier that is more than 25% owned by Emirates Group, Etihad Airways P.J.S.C. or Qatar Airways Company Q.C.S.C.;
iii. if not included in clause i. or ii. above, any foreign air carrier that operates passenger or cargo service into the United States or its territories more than 35 flights per week for more than six months in any rolling 12-month period; provided, however, this clause iii. shall not apply to employment with LATAM Airlines Group S.A. or Delta profit sharing joint venture partners Aerovías de Mexico, S.A. de C.V. (Aeromexico), Air France KLM Group, Korean Air Lines Co., LTD or Virgin Atlantic Airways Limited; or
iv. any of the entities listed on Exhibit 1 hereto, provided that I (1) was employed by a Delta subsidiary or I had a significant role with and spent more than 75% of my time providing services to a Delta subsidiary or (2) was employed in Delta’s TechOps or Delta Connection division.
These restrictions will apply to the territory over which I had responsibility on the Separation Date, which territory I acknowledge to be co-extensive with the cities encompassed by Delta’s worldwide route structure, as it exists as of the Separation Date.
c. Nothing in this Section 11 will restrict my employment in any position, function, or role with any airline or entity not defined in Section 11.b or Exhibit 1 hereto. Further, notwithstanding anything in this Section 11.b to the contrary, these restrictions shall not apply to employment with Airco Aviation Services, LLC (“Airco”), or its directly or indirectly wholly owned subsidiaries, including Unifi Aviation, LLC, for any period during which Delta owns at least 40% of Airco.
12. Employee Non-Solicitation Agreement. During the one-year period following the Separation Date, I will not directly or indirectly (on my own behalf or on behalf of any other person, company, partnership, corporation or other entity), employ or solicit for employment any individual who is a management or professional employee of Delta, for employment with any entity or person other than Delta, or encourage or induce any such person to terminate their employment with Delta. The restrictions set forth in this Section 12 shall be limited to those Company management or professional employees who: (i) were employed by Delta during my employment in a management or professional job with Delta and (ii) with whom I had material professional contact during my employment with Delta.
13. Non-Solicitation of Customers Agreement. During the one-year period following the Separation Date, I will not directly or indirectly (on my own behalf or on behalf of any other person, company,
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partnership, corporation or other entity) induce or attempt to induce any customer or prospective customer, supplier, licensee or other business relation of Delta to cease doing business with Delta or in any way interfere with the relationship between Delta and any customer, supplier, licensee or other business relation of Delta.
14. No Statements. Subject to the provisions of Section 3.d., I agree that I will not:
a. make any oral or written statement or take any other action, which disparages or criticizes Delta or any of its present or former subsidiaries or affiliates or any of their present or former officers, directors, or employees (the “Delta Parties”), including, but not limited to any such statement that damages the Delta Parties’ good reputation or impairs their normal operations or activities; or
b. initiate or solicit claims against the Delta Parties or otherwise directly or indirectly encourage or support any claim that has been or in the future is asserted by a third party against the Delta Parties arising out of, related to, or in connection with any matter arising on or before the date of this Agreement.
15. Former Employee Vendor Policy. I hereby agree that, during the one-year period following the Separation Date, I will be subject to and shall comply with the Company’s Restriction on Former Employees’ Work with Vendors policy, as in effect on the Separation Date.
16. Arbitration. I hereby agree that except as expressly set forth below, all disputes and any claims arising out of or under or relating to this Agreement, including without limitation, any dispute or controversy as to the validity, interpretation, construction, application, performance, breach or enforcement of this Agreement or any of its terms, shall be submitted for, and settled by, mandatory, final and binding arbitration in accordance with the Commercial Arbitration Rules then prevailing of the American Arbitration Association. Unless an alternative locale is otherwise agreed to in writing by the parties to this Agreement, the arbitration shall be conducted in the Atlanta, Georgia. The arbitrator will apply Georgia law to the merits of any dispute or claim, without reference to rules of conflicts of law. Any award rendered by the arbitrator shall provide the full remedies available to the parties under the applicable law and shall be final and binding on each of the parties hereto and their heirs, executors, administrators, successors and assigns and judgment may be entered thereon in any court having jurisdiction. I hereby consent to the personal jurisdiction of the state and federal courts located in the State of Georgia with venue in the City of Atlanta for any action or proceeding arising from or relating to any arbitration under this Agreement. The prevailing party in any such arbitration shall be entitled to an award by the arbitrator of all reasonable attorneys’ fees and expenses incurred in connection with the arbitration. However, Delta will pay all fees associated with the American Arbitration Association and the arbitrator. All parties must initial here for this Section 16 to be effective:
/s/ MS Michael Spanos
/s/ KE Delta Air Lines, Inc., Kelley Elliott, Vice President – HR Services & Total Rewards
17. Injunctive Relief in Aid of Arbitration; Forum Selection. I hereby acknowledge and agree that the provisions contained in Sections 8 through 15 of this Agreement are reasonably necessary to protect the legitimate business interests of Delta, and that any breach of any of these provisions will result in immediate and irreparable injury to Delta for which monetary damages will not be an adequate remedy. I further acknowledge that if any such provision is breached or threatened to be breached, Delta will be entitled to seek a temporary restraining order, preliminary injunction, or other equitable relief in aid of arbitration in any court of competent jurisdiction, without the necessity of posting a bond, restraining me from continuing to commit any violation of the covenants, and I hereby irrevocably consent to the
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jurisdiction of the state and federal courts of the State of Georgia, with venue in the City of Atlanta, which shall have jurisdiction to hear and determine any claim for a temporary restraining order, preliminary injunction, or other equitable relief brought against me by Delta in aid of arbitration.
18. Consequences of Breach. Furthermore, I acknowledge that, in partial consideration for the payments and benefits described in the Plan, the Initial Equity Award Agreement, the MIP, the LTIPs and this Agreement, Delta is requiring that I agree to and comply with the terms of Sections 8 through 15 and I hereby agree that without limiting any of the foregoing, should I violate any of the terms of Sections 8 through 15, I: (a) will not be entitled to and shall not receive any benefits under the Plan, the Initial Equity Award Agreement, the 2024 MIP, the LTIPs and this Agreement and (b) shall repay to Delta all cash compensation I have received under the Plan, the 2024 MIP and the LTIPs.
19. Tolling. I further agree that in the event the enforceability of any of the restrictions as set forth in Sections 11 through 13 of this Agreement are challenged and I am not preliminarily or otherwise enjoined from breaching such restriction(s) pending a final determination of the issues, then, if an arbitrator, or upon review of any arbitrator’s decision, a court, concludes that the challenged restriction(s) is enforceable, the time period set forth in such Section(s) shall be deemed tolled upon the filing of the arbitration or action seeking injunctive or other equitable relief in aid of arbitration, whichever is first in time, until the dispute is finally resolved and all periods of appeal have expired.
20. Governing Law. Unless governed by federal law, this Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to principles of conflicts of laws of that State. This shall not prevent Delta from pursuing claims and receiving relief under both Georgia and federal law.
21. Waiver of Jury Trial. TO THE MAXIMUM EXTENT PERMITTED BY LAW, I HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY MATTER ARISING OUT OF, UNDER, IN CONNECTION WITH, OR IN ANY WAY RELATED TO THIS AGREEMENT. THIS INCLUDES, WITHOUT LIMITATION, ANY DISPUTE CONCERNING ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN), OR ACTION OF DELTA OR ME, OR ANY EXERCISE BY DELTA OR ME OF OUR RESPECTIVE RIGHTS UNDER THIS AGREEMENT OR IN ANY WAY RELATING TO THIS AGREEMENT. I FURTHER ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT FOR DELTA TO ISSUE AND ACCEPT THIS AGREEMENT.
22. Validity; Severability. In the event that one or more of the provisions contained in this Agreement shall, for any reason, be held invalid, illegal, or unenforceable in any respect, such holding shall not affect any other provisions in this Agreement, but this Agreement shall be construed as if such invalid, illegal, or unenforceable provisions had never been contained herein. The invalidity, illegality, or unenforceability of any provision or provisions of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect.
23. Successors. This Agreement shall be binding upon, and inure to the benefit of me, Delta, and each of our heirs, administrators, representatives, executors and assigns. This Agreement shall be binding upon and inure to the benefit of Delta and its successors, and past, current and future fiduciaries, directors, shareholders, administrators, subsidiaries, agents, employees, and assigns.
24. Headings and Captions. The headings and captions used in this Agreement are for convenience of reference only, and shall in no way define, limit, expand or otherwise affect the meaning or construction of any provision of this Agreement.
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25. Entire Agreement. This Agreement (along with the respective terms of any retirement and equity-based benefit plans in which I participated during my employment with Delta) sets forth the entire Agreement between Delta and me and supersedes any other written or oral agreement concerning the subject matter hereof. No representations, statements, or inducements have been made to me concerning this Agreement other than the representations and statements contained and memorialized in this Agreement.
26. Section 409A. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A as a short-term deferral shall be excluded from Section 409A to the maximum extent possible.
27. Offset. To the extent permitted by law, the Company may set off against and I authorize the Company to deduct from any payments due me or to my estate, heirs, legal representatives or successors, any amounts that may be due and owing to the Company by me, whether arising under the Plan, this Agreement or otherwise; provided, however, that an election by the Company not to reduce any such payment or payments shall not constitute a waiver of its claim for such amounts due or owed to the Company.
* * * *
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IN WITNESS WHEREOF, Delta has executed this Agreement on the 23rd day of August, 2024, and Michael Spanos has executed this Agreement on the date indicated below.
/s/ Michael Spanos
Michael Spanos
Date: August 22, 2024
/s/ Kelley Elliott
Kelley Elliott
Vice President – HR Services & Total Rewards
Delta Air Lines, Inc.
Vice President – HR Services & Total Rewards
Delta Air Lines, Inc.
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Exhibit 1
Subsidiary and Company Division Competitors
1. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Delta Vacations, LLC, the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: ALG Vacations; Classic Vacations, LLC; Costco Travel; FC USA, Inc.; Sun Country Vacations; and Travel Impressions.
2. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Monroe Energy, LLC, the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: Energy Transfer LP; PBF Energy Inc.; Phillips 66 Company; and Sunoco LP.
3. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Endeavor Air, Inc., the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: Air Wisconsin Airlines Corporation; CommuteAir LLC; Envoy Air, Inc.; Horizon Air Industries, Inc.; Jazz Aviation , LP; Mesa Air Group, Inc.; Piedmont Airlines, Inc.; PSA Airlines, Inc.; Republic Airways Holdings Inc.; Skywest, Inc.; and Trans States Holdings, Inc.
4. If I was employed by the Company in its TechOps division, the following entities (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: AAR Corp.; GE Aviation Service Operation LLP, GE Aviation Systems Group Limited, GE Aviation Systems North America, Inc. GE Aviation UK; Honeywell International , Inc.; Hong Kong Aircraft Engineering Company LTD (HAECO) (Americas and international); Lufthansa Technik AG; the MTU Maintenance businesses of MTU Aero Engines (domestic and international); Pratt & Whitney; Singapore Technologies Aerospace Ltd.; and Raytheon Technologies Corporation.
5. If I was employed by the Company in its Delta Connection division, the following entities (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: Air Wisconsin Airlines Corporation; CommuteAir LLC; Envoy Air, Inc.; Horizon Air Industries, Inc.; Jazz Aviation, LP; Mesa Air Group, Inc.; Piedmont Airlines, Inc.; PSA Airlines, Inc.; Republic Airways Holdings Inc.; Skywest, Inc.; and Trans States Holdings, Inc.
6. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Delta Material Services, LLC, the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: AAR Corp; AerSale, Inc.; AJ Walter Aviation Limited; GA Telesis, LLC; Unical Aviation , Inc.; and VAS Aero Services, LLC.
7. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Delta Flight Products, LLC, the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: Airbus SE; Collins Aerospace; EnCore Aerospace LLC; Gulfstream Aerospace Corporation (excluding corporate parent); Hong Kong Aircraft Engineering Company Limited (HAECO); JAMCO Corporation; Panasonic Avionics Corporation
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(excluding corporate parent); Safron Group; ST Engineering Group; Thales Group; and The Boeing Company.
8. If I was employed by, or had a significant role with and spent more than 75% of my time providing services to Delta Professional Services, LLC, the following entities, (including the successors thereto) and any corporate parent or any partially or wholly owned subsidiary of such entities shall be included as competitors under Section 11.b.iv of this Agreement: CAE Inc., CCL Aviation and FlightSafety International Inc. (excluding corporate parent).
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