Document:

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                                                                    EXHIBIT 10.5

 SUMMARY OF WAIVER ("WAIVER") DATED AS OF JULY 24, 2003 EXECUTED BY EACH OF MR.
 MULLIN AND MR. REID AS A RESULT OF DELTA'S CONTRACT WITH THE UNITED STATES OF
AMERICA DATED MAY 6, 2003 (THE "GOVERNMENT CONTRACT") PURSUANT TO THE EMERGENCY
   WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003 (THE "APPROPRIATIONS ACT")

Pursuant to the Appropriations Act, we entered into the Government Contract,
which was filed with our Form 10-Q for the quarter ended March 31, 2003. Under
the Government Contract, we agreed to limit the Total Cash Compensation of our
Executive Officers (each as defined in the Government Contract) for the
12-month period beginning April 1, 2003.

We subsequently entered into the Waiver with each of Mr. Mullin and Mr. Reid.
Under the Waiver, Mr. Mullin and Mr. Reid agreed to waive their right to any
compensation that would cause us to violate the Government Contract. As
consideration for these agreements, we waived our right, in certain
circumstances, to reduce the amount of the performance-based restricted stock
award that is payable to them in 2004.
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                                     WAIVER

      Waiver (this "WAIVER") dated as of July 24, 2003 by and between Delta Air
Lines, Inc., a Delaware corporation (the "COMPANY"), and         ("EXECUTIVE").

      WHEREAS, pursuant to the Emergency Wartime Supplemental Appropriations Act
of 2003, the Company entered into an agreement with the United States of America
dated May 6, 2003 (the "GOVERNMENT CONTRACT");

      WHEREAS, pursuant to Paragraph 4.1 of the Government Contract, the Company
has agreed to limit the "Total Cash Compensation" of its "Executive Officers"
(each as defined in the Government Contract) for a 12-month period beginning
April 1, 2003; and

      WHEREAS, the Company and Executive have determined that it is in the best
interest of the Company and Executive for Executive to waive certain
compensation to which Executive may be otherwise entitled to the extent
necessary for the Company to comply with Paragraph 4.1 of the Government
Contract;

      NOW, THEREFORE, in consideration of the foregoing, the agreements set
forth below and other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

      Section 1. Waiver of Certain Compensation in Connection With the
Government Contract. Notwithstanding anything in any agreement, understanding,
plan or program to the contrary, in the event the Personnel & Compensation
Committee of the Board of Directors of the Company (the "COMPENSATION
COMMITTEE") shall determine in its reasonable discretion that making any payment
or providing any benefit to which Executive may be otherwise entitled under any
agreement or understanding with the Company or pursuant to any plan or program
of the Company (a "PAYMENT") would cause the Company to violate its agreement
under Paragraph 4.1 of the Government Contract, Executive hereby agrees that he
shall not be entitled to such payment and/or benefit and, instead, the
Compensation Committee shall reduce such payment(s) and/or benefit(s) by an
amount, determined by the Compensation Committee in its reasonable discretion,
such that the Company shall not be in such violation. Further, Executive hereby
agrees that in the event the Compensation Committee determines in its reasonable
discretion that any payment to Executive (including any reimbursement of
expenses) would cause the Company to violate Paragraph 4.1 of the Government
Contract (such payment, an "Excess Payment"), upon notification from the
Compensation Committee, Executive shall promptly repay such Excess Payment to
the Company. In addition, Executive hereby agrees that the Company shall have
the right (a) to set-

                                       2
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off any Excess Amount against any obligation to make a payment or honor a
commitment to Executive and (b) to postpone any Payment for a reasonable period
of time to enable the Compensation Committee to determine whether such Payment
would constitute an Excess Payment.

      Section 2. Waiver of Company's Negative Discretion in Connection with
Long-Term Performance Award. In consideration for Executive's waiver of certain
rights and privileges as set forth herein, provided that Executive's employment
with the Company continues through December 31, 2003, the Company hereby waives
the Compensation Committee's right pursuant to Section 6 of Executive's
Performance-Based Restricted Stock Agreement dated January 25, 2001 (the
"PERFORMANCE AGREEMENT") to reduce the amount of Executive's performance award
payable in calendar year 2004 thereunder.

      Section 3. Effectiveness. This Waiver shall be effective as of the date
first above written.

      Section 4. Effect of Waiver. Except as waived hereby, all of the
provisions of any affected agreement, plan or program, including the Performance
Plan, shall remain in full force and effect without modification or waiver.

      Section 5. Entire Agreement. This Waiver constitutes the entire agreement
between the Company and Executive with respect to the subject matter hereof, and
supersedes any other prior agreement, written or oral, between the parties with
respect thereto. This Waiver may only be amended by written instrument signed by
both the Company and Executive.

      Section 6. Governing Law. This Waiver shall be governed by and construed
in accordance with laws of the State of Georgia without reference to principles
of conflict of laws.

      Section 7. Successors. This Waiver shall be binding upon Executive's
personal and legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees.

      IN WITNESS WHEREOF, the Company and Executive have executed this Waiver.

<TABLE>
<CAPTION>
EXECUTIVE                           DELTA AIR LINES, INC.
<S>                                 <C>     <C>
/s/                                 By:     /s/ David Goode
-------------------------------             -----------------------------------
                                    Name:   David Goode
                                    Title:  Chairman, Personnel &
                                            Compensation Committee
</TABLE>

                                       3<PAGE>

Exhibit 10.1

Amendments to stock option plans adopted by the Compensation Committee on
October 7, 2003 and by the Board of Directors on November 4, 2003:

1) The first two paragraphs of Section 11 of each of the BankAtlantic Bancorp
Amended and Restated 2001 Stock Option Plan (the "2001 Plan") and the
BankAtlantic Bancorp 1999 Stock Option Plan (the "1999 Plan"), Sections 11(a)
and 11(b) of each of the BankAtlantic Bancorp 1999 Non-Qualified Stock Option
Plan (the "1999 NQ Plan") and the BankAtlantic Bancorp 2000 Non-Qualified Stock
Option Plan (the "2000 Plan") and Section 12 of each of the BankAtlantic Bancorp
1996 Stock Option Plan (the "1996 Plan") and the BankAtlantic Bancorp 1998 Stock
Option Plan (the "1998 Plan") shall be deleted in their entirety, and the
following substituted therefor:

         "Adjustments Upon Changes in Capitalization or Merger. Subject to any
         required action by the shareholders of the Company, in the event any
         recapitalization, forward or reverse split, reorganization, merger,
         consolidation, spin-off, combination, repurchase, or exchange of Class
         A Common Stock or other securities, stock dividend or other special and
         nonrecurring dividend or distribution (whether in the form of cash,
         securities or other property), liquidation, dissolution, or other
         similar corporate transaction or event, affects the Class A Common
         Stock such that an adjustment is appropriate in order to prevent
         dilution or enlargement of the rights of Optionees under the Plan, then
         the Committee shall, in such manner as it may deem equitable, adjust
         any or all of (i) the number and kind of shares of Class A Common Stock
         deemed to be available thereafter for grants of Options under the Plan
         in the aggregate to all eligible individuals and individually to any
         one eligible individual, (ii) the number and kind of shares of Class A
         Common Stock that may be delivered or deliverable in respect of
         outstanding Options, and (iii) the exercise price. In addition, the
         Committee is authorized to make adjustments in the terms and conditions
         of, and the criteria included in, Options (including, without
         limitation, cancellation of Options in exchange for the in-the-money
         value, if any, of the vested portion thereof, or substitution of
         Options using stock of a successor or other entity) in recognition of
         unusual or nonrecurring events (including, without limitation, events
         described in the preceding sentence) affecting the Company or any
         Subsidiary or the financial statements of the Company or any
         Subsidiary, or in response to changes in applicable laws, regulations,
         or account principles; provided, however, that any such adjustment to
         an Option granted to an Optionee who is a "covered employee" (within
         the meaning of section 162(m) of the Code) with respect to the Company
         or its Parent or Subsidiaries shall conform to the requirements of
         section 162(m) of the Code and the regulations thereunder then in
         effect. In addition, each such adjustment with respect to an Incentive
         Stock Option shall comply with the rules of Section 424(a) of the Code
         (or any successor provision) and (b) in no event shall any adjustment
         be made which would render any Incentive Stock Option granted hereunder
         other than an "incentive stock option" as defined in Section 422 of the
         Code; and provided, further, that conversion of any convertible
         securities of the Company shall not be deemed to have been "effected
         without receipt of consideration." The Committee's determination shall
         be final, binding and conclusive. Except as expressly provided herein,
         no issuance by the Company of shares of stock of any

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         class, or securities convertible into shares of stock of any class,
         shall affect, and no adjustment by reason thereof shall be made with
         respect to, the number or price of shares of Class A Common Stock
         subject to an Option."

2) Section 9(b) of each of the 2001 Plan, the 1999 NQ Plan, the 1999 Plan and
the 2000 Plan and Section 10(b) of each of the 1996 Plan and the 1998 Plan shall
be amended by adding the following at the end thereof:

         "Notwithstanding the foregoing, if an Employee ceases to be in
         Continuous Status as an Employee solely due to a reorganization,
         merger, consolidation, spin-off, combination, re-assignment to another
         member of the affiliated group of which the Company is a member or
         other similar corporate transaction or event, the Committee may, in its
         discretion, suspend the operation of this Section 9(b); provided that
         the Employee shall execute an agreement, in form and substance
         satisfactory to the Committee, waiving such Employee's right to have
         such Employee's Options treated as Incentive Stock Options from and
         after a date determined by the Committee which shall be no later than
         three months from the date on which such Employee ceases to be in
         Continuous Status as an Employee, and such Employee's Options shall
         thereafter be treated as non-qualified Options for all purposes."

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