Document:

Exhibit
10.53

 

WORLDSPAN RETIREMENT
BENEFIT RESTORATION PLAN

 

ARTICLE ONE -
INTRODUCTION

 

1.01.        Establishment
of Plan.

 

The Board of WORLDSPAN, L.P. (the “Employer”) has
decided that it is in the best interest of the Employer to establish a
non-qualified retirement restoration plan for a select group of management or
highly compensated employees of the Employer. 
Accordingly, the Board has established the WORLDSPAN Retirement Benefit
Restoration Plan effective as of January 1, 1994 (the “Plan”).

 

This Plan is intended to be and shall be construed and
administered as an unfunded, non-qualified plan of deferred compensation
maintained by the Employer solely for the purpose of providing benefits for
certain employees in excess.  of the
limitations on compensation and benefits imposed by Sections 401(a)(17) and 415
of the Internal Revenue Code of 1986 (the “Code”).

 

1.02.        Incorporation
of Pension Plan.

 

The terms of the WORLDSPAN Employees’ Pension Plan, as
amended (the “Pension Plan”) are hereby incorporated in this Plan by
reference.  Unless otherwise indicated
herein or therein, the provisions of any future amendments to the Pension Plan
shall also be automatically incorporated in this Plan by reference.  Unless indicated otherwise, capitalized
terms used in this Plan shall have the meaning given those terms in the Pension
Plan.

 

ARTICLE TWO -
PARTICIPATION

 

2.01.        Eligibility.

 

The only persons who may participate in this Plan are
those select group of management or highly compensated employees of the
Employer who are named for participation herein in writing by the
Administrative Committee of the Pension Plan (“Committee”).  Such persons shall be deemed “Participants”
hereunder.

 

A Participant shall commence participation in this
Plan as of the first day of the month in which they are named for participation
and shall cease participation upon the later of termination of employment with
the Employer or the payment of all benefits due under the Plan.

 

2.02.        Specific Exclusion.

 

Notwithstanding anything apparently to the contrary in
this Plan or in any written

 

 

communication, summary, resolution, document or oral
communication, no individual shall be a Participant in this Plan, develop
benefits under this Plan or be entitled to receive benefits under this Plan (either
for himself or herself or his or her survivors) unless such individual is a
member of a select group of management or highly compensated employees (as that
expression is used in the Employee Retiree Income Security Act) named to
participate herein.  If a court of
competent jurisdiction, any representative of the U.S. Department of Labor or
any other governmental, regulatory or similar body makes any direct or
indirect, formal or informal, determination that an individual is not a member
of a select group of management or highly compensated employees (as that
expression is used in ERISA), such individual shall not be (and shall be deemed
to never have been) a Participant in this Plan at any time.  If any individual not so defined has been
erroneously treated as a Participant in this Plan, upon discovery of such error
such individual’s erroneous participation shall immediately terminate ab
initio,
all benefits erroneously treated as having accrued for the individual shall be
immediately and irrevocably forfeited and the individual (or his or her
beneficiaries and estate) shall be obligated to repay any benefits previously
and erroneously paid.

 

ARTICLE THREE - ACCOUNT
BALANCE SUPPLEMENT

 

3.01.        Calculation of Supplement.

 

Each Participant who terminates employment with the
Employer and is Vested as defined by Section 3.04(a), shall be entitled to a
supplement (“Supplement”) equal to (a) minus (b), where

 

(a)           equals
one hundred ten percent (110%) of the value of the Participant’s Accrued
Benefit under the Pension Plan (or its equivalent under a similar definition
under any successor plan) as of the Participant’s date of termination of
employment with the Employer or any other date selected by the Committee;
determined under the Pension Plan as if the limitations under Code Sections 415
(limitations on benefits) and 401(a)(17) (limitation on compensation) were not
in effect; and

 

(b)           equals
the value of the Participant’s Accrued Benefit under the Pension Plan (or its
equivalent under a similar definition under any successor plan) as of the
Participant’s date of termination of employment with the Employer or any other
date selected by the Committee.

 

3.02.        Date and Manner of Payment.

 

The Supplement (minus the withholding, payroll and
other taxes which must be deducted therefrom) shall be paid to the Participant
in the normal form of benefit specified in the Pension Plan (or an actuarially
equivalent form selected by the Committee in its sole discretion) commencing
either (i) as soon as administratively practicable after the Participant’s
termination of employment, or (ii) on a date specified by the Committee.

 

2

 

Notwithstanding the foregoing, payment of the
Supplement shall begin no later than April 1 of the year following the year in
which the Participant attains age 701⁄2.

 

3.03.        Spousal Benefit.

 

In the event the Participant dies prior to receiving a
Supplement under this Plan, the Committee shall pay a monthly benefit to the
Participant’s surviving spouse to whom the Participant was married for at least
one year ending on the date of death. 
This benefit will be equal to fifty percent (50%) of the Supplement that
would have been payable to the Participant if the Participant had terminated
employment on the day before his or her death but adjusted for any later
commencement under subparagraph (ii) of this Section in accordance with the
Pension Plan.  Payment of the spousal
benefit will commence either (i) as soon as administratively practicable after
the Participant’s death, or (ii) on a date specified by the Committee.

 

3.04.        Vesting and Loss of Supplement.

 

(a)           No
payments of any kind shall be made under this Plan to or for the benefit of a
Participant or his or her spouse if the Participant terminates employment for
any reason with the Employer (including death) prior to becoming “Vested”
hereunder.  For purposes of the Plan, a
Participant shall become Vested upon the earlier of (i) the date the
Participant obtains age sixty (60) and completes five (5) or more years of
Vesting Service, or (ii) the date specified by the Committee in its sole
discretion.

 

(b)           Notwithstanding
Section 3.04(a), any unpaid Supplement under this Plan shall be forfeited upon
the determination by the Employer that the Participant, either before or after
termination of employment:

 

(i)            has
engaged in a criminal or fraudulent activity resulting in harm to the Employer
or an affiliate of the Employer, or

 

(ii)           has
divulged any confidential information or trade secrets of the Employer or an
affiliate of the Employer, or

 

(iii)          has provided the Employer or affiliate of the
Employer with false reports concerning such Participant’s business interest or
employment, or

 

(iv)          has
made false representations which are relied upon by the Employer or an affiliate
of the Employer in furnishing information to an affiliate, partner, auditors or
any regulatory or governmental agency, or

 

(v)           has
maintained an undisclosed, unauthorized conflict of interest in the discharge
of the duties owed by such Participant to the Employer or an affiliate of the
Employer, or

 

3

 

(vi)          has
engaged in reckless or grossly negligent activity toward the Employer or an
affiliate of the Employer which is admitted or judicially proven and which
results in harm to the Employer or an affiliate of the Employer, or

 

(vii)         has during his or her employment or within two
years after the termination of his employment, engaged in the employment or
self-employment with a competitor of the Employer within the geographical area
which is then serviced by the Employer.

 

(c)           If
a Participant disputes any determination of the Employer under this forfeiture
provision, such dispute shall be brought as a claim under the claims procedure
of this Plan.

 

3.05.        Manner of Payment.

 

Payments of the Supplement shall be made in cash in
U.S.  dollars.  The Employer may deduct from the Supplement any federal, state or
local taxes that may be due.

 

3.06.        Funding.

 

Nothing contained in this Plan and no action taken
pursuant to the provisions of this Plan shall create or be construed to create
a trust for the purpose of assuring funds for the payment of any amounts
provided herein.  The amounts provided
by this Plan shall be paid from the Employer’s general assets or by such other
means as the Employer deems advisable. 
A Participant shall have no title to or beneficial interest in any
assets set aside or acquired by the Employer to fund its obligations hereunder
prior to its due date and to the extent a Participant acquires the right to
receive a payment from the Employer under this Plan, such right shall be no
greater than that of an unsecured general creditor of the Employer.

 

3.07.        Non-assignability.

 

No amount payable under this Plan may be assigned,
transferred, encumbered or subject to any legal process for the payment of any
claim against a Participant.

 

ARTICLE FOUR -
MISCELLANEOUS

 

4.01.        No Right to Continued Employment.

 

Nothing in this Plan shall be deemed to give any
Participant the right to be retained in the service of the Employer or to deny
the Employer any right it may have to discharge a Participant at any time.

 

4

 

4.02.        Governing Law.

 

This Plan shall be governed by and construed in
accordance with the laws of the State of Georgia to the extent such laws are
not preempted by federal law.

 

4.03.        Successors and Assigns.

 

This Plan shall be binding upon the successors and
assigns of the parties hereto.

 

4.04.        Right to Amend and Terminate.

 

The Employer reserves the right to modify, alter,
amend, or terminate the Plan at any time and from time to time, without notice,
to any extent deemed advisable; provided, however, that no such amendment or
termination shall (without the written consent of the Participant, if living,
and if not, his spouse, if any) adversely affect any benefit under the Plan
which became payable with respect to the Participant or spouse as of the date
of such amendment or termination.

 

4.05.        Claims Procedure.

 

Any Participant or spouse may file a claim for
benefits under the Plan by following the claims procedure set forth in Section
8.4 of the Pension Plan.

 

4.06.        Interpretation.

 

The Employer through its delegate, the Committee,
shall have the sole authority and responsibility to interpret and construe the
Plan and to determine all factual and legal questions under the Plan, all in
its full and absolute discretion including but not limited to the entitlement
of employees, participants and beneficiaries and the amounts (if any) of their
respective benefits.

 

5

 

IN WITNESS WHEREOF,
WORLDSPAN, L.P. has caused this Plan to be signed by its duly authorized
officers on the date shown below, but effective as of January 1, 1994.

 

	
   

  	
   

  	
  WORLDSPAN, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Calvin L.
  Rader

  
	
   

  	
   

  	
   

  	
  Calvin L. Rader, Chief Executive Officer,

  pursuant to a delegation of authority by

  the General Partners of WORLDSPAN, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date:

  	
  May 2, 1994

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Douglas L. Abramson

  	
   

  	
   

  	
   

  
	
  Douglas L. Abramson

  Vice President, General Counsel

  and Secretary

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:  

  	
  May 2, 1994

  	
   

  	
   

  	
   

  
								

 

6

 

FIRST AMENDMENT

OF

WORLDSPAN

RETIREMENT BENEFIT RESTORATION PLAN

 

The “WORLDSPAN
RETIREMENT BENEFIT RESTORATION” (the “Plan Statement”) heretofore adopted by
WORLDSPAN, L.P., a Delaware limited partnership (the “Principal Sponsor”), is
hereby amended in the following respects:

 

1.             CALCULATION
OF SUPPLEMENT.  Effective as of January
1, 1998, Section 3.01(a) of the Plan Statement shall be amended to read in full
as follows:

 

(a)           equals
the amount which would have been payable under the formula and rules of the
Pension Plan (or its equivalent under a similar definition under any successor
plan) as of the Participant’s date of termination of employment with the
Employer or any other date selected by the Committee, but determined without
regard to the benefit limitations under section 415 of the Code, without regard
to the compensation limitation under section 401(a)(17) of the Code and
including, when it would otherwise have been paid, income deferred under any
nonqualified, unfunded, elective deferred compensation plan maintained by the
Employer; and

 

2.             ADDITIONAL
EMPLOYER. Effective as of January 1, 1998, a new Section 4.07 of the Plan
Statement shall be added to read in full as follows:

 

4.07         Additional Employer.

The term “Employer” as used in this Plan shall include WORLDSPAN Administrative
Services, Inc. for all purposes hereunder.

 

3.             SAVINGS
CLAUSE.  Save and except as hereinabove
expressly amended, the Plan Statement shall continue in full force and effect.

 

	
  February 5, 1998

  	
  WORLDSPAN, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mike Buchman

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Chief Executive
  Officer

  
						

 

 

SECOND AMENDMENT

OF

WORLDSPAN

RETIREMENT BENEFIT RESTORATION PLAN

 

The “WORLDSPAN RETIREMENT
BENEFIT RESTORATION” (the ‘Plan Statement”) heretofore adopted by Worldspan,
L.P., a Delaware general partnership (the “Principal Sponsor”), as heretofore
amended by a First Amendment is hereby amended in the following respects:

 

1.             CALCULATION
OF SUPPLEMENT.  Effective with respect
to each Participant who has a termination of employment on or after January 1,
2000, and for the express purpose of implementing certain promises of
supplemental benefits under individual agreements, Section 3.01(a) and Section
3.01(b) of the Plan Statement is amended to read in full as follows:

 

(a)           equals the amount which
would have been payable under the basic percent of compensation formula and
rules of the Pension Plan (or its equivalent under a similar definition under
any successor plan), exclusive of any benefits payable pursuant to a schedule
or similar arrangement, as of the Participant’s date of termination of
employment with the Employer or any other date selected by the Committee, but
determined:

 

(i)            without regard to the
benefit limitations under section 415 of the Code, and

 

(ii)           without regard to the
compensation limitation under section 401(a)(17) of the Code, and

 

(iii)          by including in
Recognized Compensation and Average Monthly Compensation (or their equivalents
under any successor plan), at the time it would otherwise have been paid,
income deferred under any nonqualified, unfunded, elective deferred
compensation plan maintained by the Employer (but only to the extent it would
have been included if it had been paid and not deferred); and

 

(iv)          by including in Vesting
Service, Benefit Service, Recognized Compensation, and Average Monthly
Compensation (or their equivalent terms under any successor plan) such periods
of time and such dollar amounts, if any, or by deeming the Participant to

 

 

be such age as may be expressly agreed upon in writing
with the Participant in an agreement.

 

(b)           equals the amount
payable under the formula and rules of the Pension Plan (or its equivalent
under a similar definition under any successor plan), inclusive of any benefits
payable pursuant to a schedule or similar arrangement, as of the Participant’s
date of termination of employment with the Employer or any other date selected
by the Committee.

 

2.             DEDUCTIBILITY
OF PAYMENTS.  Effective as of January 1,
2000, Section 3.02 of the Plan Statement shall be amended by adding thereto the
following paragraph:

 

If the Employer determines that delaying the time the
initial payments are made or commenced would increase the probability that such
payments would be fully deductible for federal or state income tax purposes,
the Employer may unilaterally delay the time of the making or commencement of
payments for up to twenty-four (24) months after the date such payments would
otherwise be payable.

 

3.             SPOUSAL
BENEFIT.  Effective with respect to each
Participant who is actively employed by the Employer on or after January 1,
2001, the first sentence of Section 3.03 of the Plan Statement is amended to
read in full as follows:

 

In the event the Participant dies prior to receiving a
Supplement under this Plan, the Committee shall cause the Plan to pay a monthly
benefit to the Participant’s surviving spouse to whom the Participant was
married on the date of death.

 

4.             RABBI TRUST
AUTHORIZED.  Effective as of January 1,
2000, Section 3.06 of the Plan Statement shall be amended to read in full as
follows:

 

3.06         Funding.

 

Nothing contained in this Plan and no action taken
pursuant to the provisions of this Plan shall create or be construed to create
a trust (other than a “rabbi trust” whose assets are available to the creditors
of the Employer in the event of bankruptcy or insolvency) for the purpose of
assuring funds for the payment of any amounts provided herein.  The amounts provided by this Plan shall be
paid from the Employer’s general assets, from a “rabbi trust” or by such other
means as the Employer deems advisable. 
A Participant shall have no title to or beneficial interest in any
assets set aside or acquired by the Employer to fund its obligations hereunder
prior to its due date and to the extent a Participant acquires the right to
receive a payment from the Employer under this Plan, such right shall be no
greater than that of an unsecured general creditor of the Employer.

 

2

 

5.             COMPANY
NAME CHANGE.  Effective as of January 1,
2000, Section 4.07 is amended to read in full as follows:

 

4.07.        Additional Employer.

 

The term “Employer” as used in this Plan shall include
Worldspan Administrative Services LLC for all purposes hereunder.

 

6.             SAVINGS
CLAUSE. Save and except as hereinabove expressly amended, the Plan Statement
shall continue in full force and effect.

 

3Exhibit
10.54

 

WORLDSPAN

 

Executive
Deferred Compensation Plan

 

WORLDSPAN, L.P. and WORLDSPAN
Administrative Services, Inc., collectively referred to as the “Employer,” hereby
adopt this Executive Deferred Compensation Plan effective as of January 9,
1998, for the benefit of certain selected management and highly compensated
employees:

 

1.                                      Definitions

 

Unless otherwise clearly apparent from the context,
the following terms shall have the indicated meanings under this Plan:

 

a)                                      “Account”
shall mean the bookkeeping account established in an Employee’s name for the
sole purpose of measuring the benefit payable to the Employee or the Employee’s
Beneficiary under those circumstances described in this Plan.

 

b)                                     “Account
Balance” shall mean, with respect to any Employee, the sum of the Employer
Contributions and Employee Deferrals for all years the Employee has
participated in this Plan, plus any Earnings on such amounts, but reduced for
any prior distributions to the Employee or the Employee’s Beneficiary.

 

c)                                      “Affiliate”
shall mean a person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with,
the person specified.

 

d)                                     “Beneficiary”
shall mean the person or persons entitled to receive any benefit payable under
this Plan following an employee’s death. 
Such Beneficiary shall be designated in accordance with paragraph 11.

 

e)                                      “Change
in Control” shall mean any event or series of events (whether or not connected)
as a result of which more than half (50%) of the equity interests in the
Employer become owned directly or indirectly by a person or persons other than
the persons who owned equity interests in the Employer as of January 1,
1998.  A Change in Control shall be
deemed to exist either if Affiliates of Delta Air Lines, Inc. (“Delta”),
Northwest Airlines, Inc. (“Northwest”), Trans World Airlines, Inc. (“TWA”), and
Abacus Distribution Systems Pte Ltd (“Abacus”) collectively no longer hold more
than fifty percent (50%) of the general partnership interest in WORLDSPAN, or
if WORLDSPAN (or a material portion of the assets of WORLDSPAN) is combined
with another entity of which Affiliates of Delta, Northwest, TWA, and Abacus
collectively do not hold more than fifty percent (50%) of the voting interests.

 

 

f)                                        “Code”
shall mean the Internal Revenue Code of 1986, as it might be amended from time
to time, and shall be deemed to include regulations in effect thereunder and
other controlling regulatory authority.

 

g)                                     “Compensation”
shall mean the total remuneration paid to the Employee by the Employer for
services as an employee reportable on Treasury Form W-2 (or any comparable
successor form) for the applicable period; subject, however, to the following:

 

(1)                                  Excluded
Items.  In determining an Employee’s
Compensation there shall be excluded: (i) all expense reimbursements, moving
expense payments and other similar payments, and (ii) all noncash remuneration,
and (iii) third party sick pay (including short and long term disability
insurance benefits ), and (iv) income imputed from insurance coverages and
premiums or employee discounts and other similar amounts, and (v) the value of
stock options and stock appreciation rights (whether or not exercised) and
other similar amounts, and (vi) all foreign service allowances, station
allowances, foreign tax equalization payments and other similar payments, and
(vii) payment for vacation or sick leave accrued but not taken, and (viii)
final payments on account of termination of employment (i.e., severance
payments) and settlement for accrued but unused vacation and sick leave and
(ix) similar emoluments consistent with the foregoing.

 

(2)                                  Included
Items.  In determining an Employee’s
Compensation there shall be included elective contributions made by the
Employer on behalf of the Employee that are not includible in gross income
under Sections 125, 402(e)(3), 402(h), 403(b), 414(h)(2), and 457 of the Code
including elective contributions authorized by the Employee under a Retirement
Savings Agreement, a cafeteria plan or any other qualified cash or deferred
arrangement under Section 401(k) of the Code.

 

(3)                                  Pre-Participation
Employment.  Remuneration paid by the
Employer attributable to periods prior to the date the Employee became a
participant in the Plan shall not be taken into account in determining the
Employee’s Compensation.

 

(4)                                  Non-Recognized
Employment.  Remuneration paid by the
Employer for employment that is not Recognized Employment as defined in the
Worldspan Retirement Savings Plan shall not be taken into account in
determining an Employee’s Compensation.

 

(5)                                  Attribution
to Periods.  An Employee’s Compensation
shall be considered attributable to the period in which it is actually paid and
not when earned and accrued.

 

2

 

(6)                                  Multiple
Employers.  If an Employee is employed
by more than one Employer in a Plan Year, a separate amount of Compensation
shall not be determined for each Employer.

 

h)                                     “Contributions”
shall mean the amount credited to an Employee’s Account under paragraph 2.

 

i)                                         “Deferrals”
shall mean any amount of an Employee’s Compensation he or she elects to defer
under paragraph 3.

 

j)                                         “Disability”
shall mean a disability resulting from bodily injury or disease that results in
benefits being paid from the Employer’s long-term disability plan.

 

k)                                      “Earnings”
shall mean any investment gains or losses credited to an Employee’s Account
under paragraph 4.

 

l)                                         “Employee”
shall mean any employee of the Employer who is within a select group of
management or highly compensated employees and who is selected by the Employer
for participation in this Plan.  For
this purpose, a person engaged by the employer who is not otherwise considered
an employee, including a director of the Employer, may be considered an employee
under this Plan if selected by the Employer.

 

m)                                   “Employer”
shall mean the organizations first named above which have adopted this Plan for
the benefit of selected Employees, or the Committee to which the responsibility
for the administration of the Plan has been delegated.  For all purposes other than administration
of the Plan, the term Employer shall also mean any delegate, affiliate, or
successor of WORLDSPAN, which has adopted this Plan.

 

n)                                     “Plan”
shall mean the WORLDSPAN Executive Deferred Compensation Plan, as herein set
forth and as here after amended from time to time.

 

o)                                     “Plan
Year” shall mean (select one):

 

ý                                    The
calendar year; or

o                                    The
12-month period ending on the last day of each
              .

 

2.                                      Contributions

 

For each Plan Year during which an Employee remains in
the employ of the Employer, the following Employer Contributions shall be
credited to the Employee’s Account (select one or more):

 

3

 

ý                                    The
amount of Deferrals described in paragraph 3. 
Deferrals may be made on (check one or more):

 

ý                                    Compensation
up to 100% (100% if blank) of Compensation.

 

o                                    The
amount that would otherwise be contributed on the Employee’s behalf to all
qualified defined contribution plans maintained by the Employer, but which may
not be contributed to those plans because of (check one or more):

 

o                                    Section
415 of the Code,

 

o                                    The
limitation on compensation that can be considered under those plans imposed by
Section 401(a)(l7) of the Code.

 

o                                    The
amount determined by the Employer, in its sole discretion.

 

o                                    The
amount determined in accordance with the formula set forth in the attached
Exhibit A.

 

3.                                      Deferrals

 

(This paragraph 3 will apply only if the Employer has
selected the Deferrals in paragraph 2.) During the last 30 days of each Plan
Year, an Employee may elect to defer the receipt of any percentage or other
portion of the type of Compensation selected in section 2 above payable during
the following Plan Year, up to the limit specified in Section 2.  Such an election shall be made in writing,
on a form provided by the Employer.  Any
Deferral election with respect to the Employee’s Compensation may be revoked at
any time.  Following such revocation,
however, no new Deferral election may become effective until the first day of
the following Plan Year.  Unless and
until the Employee submits a new Deferral election in accordance with this
paragraph, any annual Deferral election shall remain in effect for all
succeeding Plan Years.  During the first
30 days after the adoption of this plan, a deferral election may be made with
respect to Compensation not yet earned for the remainder of the initial Plan
Year.

 

4.                                      Earnings

 

The Employer shall establish a program for the
investment of the Employees’ Accounts. 
Although the Employees may be consulted with respect to such
investments, the Employer reserves the right to invest the Employees’ Accounts
as it deems best.  As of each business
day, the Employer shall credit or debit each Employee’s Account with that
Employee’s proportionate share of any gains or losses resulting from the
Employer’s investment program.

 

4

 

5.                                      Vesting

 

Unless a different vesting schedule is elected on an
Exhibit B to this Plan, Employees shall be fully vested in their Accounts at
all times.  Any vesting schedule shall
not apply to Deferrals, which shall be fully vested at all times.

 

6.                                      Distribution
from Account

 

An Employee shall be entitled to begin receiving
distributions from his or her Account upon the occurrence of the Employee’s
(select one or more):

 

ý                                    Disability.

ý                                    Termination
of employment with the Employer.

Attainment of age
       

ý                                    Other:  As
elected by the Employee

 

All distributions to an Employee shall be made in
accordance with the applicable provisions of paragraphs 7, 8, 9, and 10.  Any distribution election made by an
Employee shall be in writing, on a form provided by the Employer, and may apply
only to Contributions made on or after the date of the election if so provided
in the election form.  Any Contributions
and Earnings which become distributable in the absence of an Employee’s
election shall be distributed to the Employee in a single lump sum.

 

7.                                      Previously
Scheduled Distribution

 

a)                                      Enrolling
for the Distribution.  At the
time of initial enrollment in the Plan, each enrolling Employee shall have the
opportunity to elect to cause the Plan to make a scheduled distribution to the
Employee from the Account of a fixed dollar amount or percentage of Account
(not less than £2,000 nor more than 100%) as of a date designated by the
Employee in the initial enrollment which distribution shall be made as soon as
practicable after such date.

 

b)                                     Scheduled
Distribution.  As of the date
designated by the Employee in his or her initial enrollment, there shall be
distributed from the Account to the Employee such amount as the Employee shall
have elected to receive from the Account when the Employee initially
enrolled.  Notwithstanding the dollar amount
designated by the Employee in his or her initial enrollment, if a scheduled
distribution is required as of a certain date and the value of the portion of
the Account that would remain after making that distribution is less than Five
Thousand Dollars ($5,000), the entire Account shall be distributed.  In no event shall such scheduled
distributions occur after the death of the Employee or at any time when the
Employee is not an employee of the Employer.

 

8.                                      Form of
Distribution

 

Upon the occurrence of a disability, termination of
employment effective as to an Employee, or upon the occurrence of any other
distributable event, the Employer shall

 

5

 

commence payment of such Employee’s Account (reduced
by the amount of any applicable payroll, withholding and other taxes) in the
form designated by the Employee in his or her initial enrollment.  An Employee shall not be required to make
application to receive payment.  Distribution
shall not be made to any Beneficiary, however, until such Beneficiary shall
have filed a written application for benefits in a form acceptable to the
Employer and such application shall have been approved by the Employer.

 

Distribution shall be made in whichever of the
following forms as the Employee shall have designated in writing at the time of
his or her initial enrollment (to the extent that such election is consistent
with the rules of this Plan):

 

a)                                      Term Certain
Installments to Employee.  If
the Distributee is an Employee and the Account at the termination of employment
is at least Twenty Five Thousand Dollars ($25,000), in a series of annual
installments payable over a period designated at the time of initial enrollment
by the Employee that does not exceed fifteen (15) years.

 

b)                                     Continued
Term Certain Installments to Beneficiary.  If the Distributee is a Beneficiary of a deceased employee and
distribution had commenced to the deceased Employee before his or her death in
installments as specified in paragraph (a) above, in a series of annual
installments payable over the remainder of the specified period.

 

c)                                      Lump Sum.  If the Distributee is an Employee, in a
single lump sum.  If the Distributee is
a Beneficiary of a deceased Employee and distribution had not commenced to the
deceased Employee before his or her death, in a single lump sum payment.

 

9.                                      Time of
Payment

 

Payment shall be made or commenced to an Employee in
accordance with the following rules:

 

a)                                      Termination
of Employment or Death. 
Payment shall be made or commenced as soon as administratively
practicable after the date of the Employee’s termination of employment or
death.

 

b)                                     Code §162(m)
Delay.  If the Employer
determines that delaying the time of the initial payments are made or commenced
would increase the probability that such payments would be fully deductible for
federal or state income tax purposes, the Employer may unilaterally delay the
time of the making or commencement of payments for up to twenty-four (24)
months after the date such payments would otherwise be payable.

 

6

 

c)                                      Disability.  If an Employee becomes entitled to a
distribution from his or her Account due to Disability, payment shall be made
or commenced as soon as administratively practicable after the date that the
Employee becomes eligible for benefits under the Employer’s long term
disability plan.

 

10.                               Installments
and Default

 

Installment Amounts.  The amount of the annual installments shall
be determined by dividing the amount of the Account as of the date of which the
installment is being paid by the number of remaining installment payments to be
made (including the payment being determined).

 

Default. 
If for any reason an Employee shall have failed to make a timely written
designation of form for distribution (including reasons entirely beyond the
control of the Employee), the distribution shall be made in a single lump sum
as soon as administratively practicable after the Employee’s termination of
employment.  No spouse, former spouse,
Beneficiary or other person shall have any right to participate in the
Employee’s selection of a form of benefit.

 

11.                               Designation
of Beneficiary

 

An Employee shall designate one or more Beneficiaries,
some of whom may be contingent Beneficiaries. 
Any such Beneficiary designation shall be made in writing, on a form
provided by the Employer.  An Employee
may revoke any Beneficiary designation, and may designate a new primary or
contingent Beneficiary, at any time.  No
such revocation or new designation shall become effective, however, unless
executed by the Employee and received by the Employer during the Employee’s
lifetime.

 

In the absence of an effective Beneficiary
designation, an Employee’s Beneficiary shall be the person or persons in the
first of the following classes of successive preference Beneficiaries.  The Employee’s:

 

a)                                      Spouse;

 

b)                                     Descendants,
per stirpes;

 

c)                                      Surviving
Parent(s);

 

d)                                     Brothers
and sisters and their descendants per stirpes; or

 

e)                                      Estate.

 

12.                               Unfunded
Status

 

It is specifically intended that all Contributions,
Deferrals, and Earnings under the

 

7

 

provisions of this Plan shall be “unfunded” for
purposes of both the Code and the Employee Retirement Income Security Act of
1974.  To that end, benefits payable
hereunder shall be paid exclusively from the Employer’s general assets.  An Employee shall have no claim, right,
security interest, or other interest in any fund, trust, account, insurance
contract, or other asset of the Employer which may be looked to for such
payment.  Rather, the Employee (or his
or her Beneficiary) shall be a general, unsecured creditor of the Employer.

 

13.                               Restrictions
on Alienation

 

No right or benefit under this Plan shall be subject
to anticipation, alienation, sale, assignment, pledge, borrowing, encumbrance
or charge, and any attempt to anticipate, alienate, sell, assign, pledge,
borrow, encumber or charge the same shall be void.  Nor shall any right or benefit under this Plan be in any manner
liable for or subject to the debts, contracts, liabilities, or torts of an
Employee.

 

14.                               Amendment
and Termination

 

The Employer, acting through its Board or an officer
delegated in writing this authority by the Board, may amend or terminate the
Plan at any time prior to a Change in Control. 
No such amendment or termination of the Plan, however, shall reduce an
Employee’s Account earned as of the date of such amendment unless the Employee
so affected consents in writing to the amendment.  After a Change in Control, the Plan cannot be amended or
terminated (as applied to Employees who are Employees on the date of the Change
in Control) unless:

 

(a)                                  all
Accounts of all Employees as of the date of the Change in Control have been
paid, or

 

(b)                                 eighty
percent (80%) of all the Employees as of the date of the Change in Control give
written consent to such amendment or termination.

 

15.                               Change in
Control

 

An Employee shall not be required to exhaust available
administrative remedies in connection with litigation commenced after a Change
in Control.  If there is litigation
which is commenced after a Change in Control regarding the benefits payable to
or with respect to an Employee, determinations by the Employer shall not be
afforded any deference and the matter shall be heard de novo.  Upon the occurrence of a Change in Control,
the Plan administrative duties assigned herein to the Employer shall be
discharged by a disinterested person or entity appointed by the Employer, and
if there be no such person or entity or if eighty percent (80%) of the
Employees as of the date of the Change in Control agree in writing that the
person or entity appointed by the Employer is

 

8

 

unacceptable to them, then any Employee may petition
the federal or state court for the appointment of a disinterested party to
assume those duties.

 

16.                               General
Provisions

 

a)                                      Employment
Relationship.  In no event shall an
Employee’s terms and conditions of employment be modified or in any way
affected by this Plan.

 

b)                                     Successors
and Assigns.  The provisions of this
Plan shall be binding upon the Employer and its successors and assigns, and
upon each Employee and his or her Beneficiary, assigns, heirs, executors and
administrators.

 

c)                                      Interpretation.  The Employer has full authority and
discretion to interpret the terms of this Plan.  Any such interpretation shall be binding on all Employees and
their Beneficiaries.

 

d)                                     Governing
Law.  Except to the extent preempted by
federal law, all questions arising with respect to this Agreement shall be
determined by reference to the laws of the state in which the Employer has its
principal place of business.

 

e)                                      Conflicts
of Interest.  If any person to whom
authority has been delegated or redelegated hereunder shall also be a
participant in the Plan, such participant shall have no authority with respect
to any matter specially affecting such participant’s individual interest
hereunder (as distinguished from the interests of all participants and
Beneficiaries or a broad class of participants and Beneficiaries), all such authority
being reserved exclusively to the other persons as the case may be, to the
exclusion of such participant, and such participant shall act only in such
participant’s individual capacity in connection with any such matter.

 

IN WITNESS WHEREOF, the Employer has caused this Deferred Compensation
Plan to be executed on its behalf as of this 29th day of June, 1998.

 

	
  Name Of Employer:

  	
   

  	
   

  	
  WORLDSPAN, L.P.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Mike Buchman

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Chief Executive Officer

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