DL filed details of its proposed employee compensation (including cash lumpsums and bonuses, etc.) with the court today:

http://www.ajc.com/business/content/...0bizdelta.html

http://www.ajc.com/news/content/busi...tapayplan.html

Non-union employees get:
- 3.5% stake of the company - unrestricted shares
- cash award (up to 8% of pay)
- 4% pay raises starting July 1

Also operating goals payout, profit sharing, etc., in the future

Management employees (except CEO Grinstein) get:
- deferred stock awards (i.e., restricted share units, etc.) that vest over time - 2.5% stake in the company
- no cash bonuses or raises

Grinstein gets:
- $0 cash, raise, exit bonus, etc.. Just his regular $338,000 salary.
His "would-be" raises and bonuses will be put in two charitable funds to help DL employees in need...classy guy ^ ^

Way to go, Delta! ^ ^ ^