NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
UNDER THE 1989 STOCK INCENTIVE PLAN
July 27, 2000
The 1989 Stock Incentive Plan, as amended (the "Plan"), is a stock-based incentive compensation plan for
officers and key employees of Delta Air Lines, Inc. (the "Company") and its Subsidiaries. The Plan is
administered by the Personnel & Compensation Committee of the Company's Board of Directors (the
"Committee"). The Committee has selected you to receive an award of a Non-Qualified Stock Option under
Section 5 of the Plan, effective as of July 27, 2000, and has requested me, on behalf of the Company, to provide
this Agreement to you.
In consideration of the mutual covenants herein contained and for other good and valuable consideration, the
Company and you, as an employee of the Company or one or more of its Subsidiaries, hereby agree as follows:
1. Grant of Award; Acknowledgments; Capitalized Terms. The Company hereby grants to you a Non-Qualified
Stock Option ("Stock Option") covering XX,XXX shares (the "Option Shares") of Stock, as defined in the Plan,
a copy of which has been provided to you. This award is in all respects made subject to the terms and conditions
of the Plan and, in the event of any conflict between the Plan and this Agreement, the Plan shall control. You
acknowledge that you (a) have had a full and adequate opportunity to read this Agreement and the Plan;
(b) agree to all of the terms and conditions thereof for yourself, any designated beneficiary and your heirs,
executors, administrators or personal representatives; and (c) have received, and had a full and adequate
opportunity to read, the Prospectus relating to the Plan. Capitalized terms which are used but not defined in this
Agreement shall have the meanings set forth in the Plan.
2. Option Price. The Option Price of the Stock Option covered by this award shall be $52.7500, the closing
price of the Stock on the New York Stock Exchange on July 27, 2000, the date of this award.
3. Exercise Per