Document:

Exhibit
10.102

CONTENT
AGREEMENT

This
Content Agreement, dated as of September 29, 2006 (the “Agreement Date”),
is by and between Worldspan L.P., a limited partnership organized and existing
under the laws of Delaware, USA (“Worldspan”), and Delta Air Lines, Inc., a
corporation organized and existing under the laws of Delaware, USA (“Delta”).

RECITALS

WHEREAS,
Worldspan and Delta are parties to a Participating Carrier Agreement dated as
of February 1, 1991, (as otherwise amended, supplemented, or replaced from
time to time, the “PCA”) pursuant to which Worldspan distributes Delta’s
products and services to travel agencies and other organizations that subscribe
with Worldspan for that service (the “Worldspan Agency Base”); and

WHEREAS, Delta and
Worldspan desire to create a long-term distribution arrangement that will
provide the Worldspan Agency Base with the ability to access content regarding
Delta’s products and services and access enhanced content and merchandising
capabilities in order to consistently serve the traveling public; and

WHEREAS,
the Parties desire to provide Worldspan with the capability to offer optional
products providing access to enhanced content to the Worldspan Agency Base and
Delta with the ability to reduce its distribution costs;

NOW,
THEREFORE, in consideration of their respective undertakings hereunder, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and intending to be legally bound, Worldspan and Delta
hereby agree as follows:

ARTICLE
1

TERM AND DEFINITIONS

1.1           Term.  The term of this Agreement (the “Term”) will
commence on October 1, 2006 (the “Effective Date”) and will continue until
(i) June 30, 2013 or such later date to which the Term may be extended by
mutual agreement of the Parties, or (ii) any earlier date upon which this
Agreement may be terminated in accordance with the provisions hereof or
termination of the PCA.  In the event of
termination of the PCA, then this Agreement shall also automatically terminate
effective at the same time as the PCA is terminated.  Except as expressly provided herein, the PCA
remains in full force and effect.

1.2           Definitions.  For purposes of this Agreement, each of the
terms listed in Appendix A will have the meaning set forth therein.  Other terms used in this Agreement are defined
in the context in which they are used and will have the respective meanings
specified there.

[**]     Confidential
treatment requested for redacted portion; redacted portion has been filed
separately with the Commission.

  
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ARTICLE
2

DELTA CONTENT

2.1           Delta Content Availability in the
Territory.  During the Term, and
subject to the provisions of this Agreement, Delta will provide to Worldspan,
directly or indirectly, for distribution via the Worldspan GDS to applicable
Worldspan Agencies in the Territory, at no additional charge to Worldspan or,
except as specified in this Agreement, to any such Worldspan Agency, timely and
complete access to, and the ability to generate Bookings from (except as
provided in the PCA and Section 5.7 of this Agreement), each of the
following types of Delta Content:

(a)           “General
Content”, which consists of such Delta Content as Delta designates from time to
time in its sole discretion for distribution to the Worldspan Agencies then participating
in the General Access Product.

(b)           “Full
Content”, which consists of all Publicly Available Fares [**] available in the
Territory for Delta Flights and related schedule information and access to
inventory.  However, the Delta Content
made available to any Worldspan Agency then participating in the Subscription
Access Product may include, in addition to Full Content, any [**] if and to the
extent agreed to by Delta in its sole discretion.  Any distribution restrictions associated with
any [**] included in such Delta Content, if any at Delta’s sole and absolute
discretion, will be provided to Worldspan by Delta, and Worldspan will make
such Fares available only in accordance with the applicable restrictions,
including, without limitation, which Worldspan Agency may access any such
Fares.  The Full Content available
through the Worldspan GDS for any Worldspan Agency will include all Publicly
Available Fares [**], related schedule information and access to inventory that
Delta makes available for that Travel Agency [**].

(c)           “Super
Content”, which consists of Full Content plus the following:

(1)           Additional
Delta Content.  Delta will provide as
part of Super Content the Delta [**], and Opaque Fares.  Delta will provide such [**] and Opaque Fares
and related schedule information and access to inventory, together with any
associated distribution restrictions, to Worldspan, and Worldspan will make
such Fares available only in accordance with the applicable restrictions,
including, without limitation, which Worldspan Agency may access any such
Fares.

(2)           Merchandising and
Functionality.  Delta[**], may from
time to time provide to Worldspan for access by Eligible Worldspan Agencies
participating in the Super Access Product (i) [**], and (ii) certain
new functionality that facilitates the user’s ability

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to transact business with the Delta Group, all in accordance with and
subject to the provisions of Section 5.2.

(3)           Compensation
Parity.  Delta will offer each
Eligible Worldspan Agency participating in the Super Access Product the
opportunity to receive compensation and benefits (including commissions and
incentives) [**].  In addition, Delta
will offer each customer of the Eligible Worldspan Agencies participating in
the Super Access Product benefit opportunities [**].  If Delta offers any such opportunities to
receive compensation or benefits to any Eligible Worldspan Agency or customer
in accordance with the above, the Eligible Worldspan Agency or customer, as
applicable, must accept such offer under the terms and conditions thereof,
taken as a whole, [**].

The Parties will meet on an ongoing basis to review
Delta’s provisioning of any product or services with its Super Content and any
proposed enhancements thereto that will make Super Content more attractive to
the Eligible Worldspan Agencies.

Delta agrees that
it has and will maintain sufficient authorization and approvals to provide such
information, access, and inventory on behalf of the Delta Group.  Delta, at its discretion, will make its
applicable Fares to be provided pursuant to this Agreement available to
Worldspan through the automated filing services provided by Airline Tariff
Publishing Company (ATPCO), Worldspan’s internal Private Fare product (which is
an Internet-based system used to input Private Fares and associated rules
directly into the Worldspan GDS), or other standard industry procedures
mutually agreed to by Delta and Worldspan that do not impose significant
additional operating or other costs upon Worldspan or Delta.  For the avoidance of doubt, Delta’s provision
of Delta Content to Worldspan includes the polling of availability information
[**].

2.2           Delta Content Availability Outside
the Territory.  During the Term,
Delta will provide to Worldspan for distribution via the Worldspan GDS to
applicable Worldspan Agencies outside of the Territory, at no additional charge
to Worldspan, [**] located outside the Territory in accordance with the terms
and conditions of the PCA.

2.3           Distribution Parity.  In general and except as otherwise specified
in this Agreement, in connection with the distribution of Delta Content,
[**].  For purposes of the foregoing,
(i) Worldspan Agencies participating in the Super Access Product [**]

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[**].  With respect to each of the following types
of Delta Content and the Worldspan Distribution Products offered to the
Worldspan Agency Base within the Territory, [**] (except as provided in [**]:

(a)           Delta
will make General Content available to Worldspan for distribution to the
Worldspan Agencies in the Territory [**].

(b)           Delta
will make Full Content available to Worldspan for distribution to the Worldspan
Agencies in the Territory [**].

(c)           Delta
will make Super Content available to Worldspan for distribution to the
Worldspan Agencies in the Territory [**].

The factors with respect to which Delta will provide
distribution parity for each type of Delta Content as set forth in paragraphs
(a), (b), and (c) above will include [**].

ARTICLE
3

WORLDSPAN DISTRIBUTION PRODUCTS

3.1           General
Access Product.  At all times during
the Term, Worldspan shall offer to the Worldspan Agencies in the Territory a
generally available distribution product (the “General Access Product”) that
provides access only to Delta’s General Content (as it may be modified by Delta
from time to time in accordance with the terms of this Agreement) to the
Worldspan Agencies who elect to participate in the General Access Product.

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3.2           Optional
New Distribution Products.  In
addition to the General Access Product, [**], Worldspan shall offer to the
Worldspan Agencies in the Territory two new optional Worldspan Distribution
Products, in accordance with and subject to the provisions of Sections 3.3
and 3.5, respectively.  A Worldspan
Agency, including all branches thereof, shall [**].

3.3           Subscription
Access Product.  Commencing as soon
after the Agreement Date as Worldspan determines it to be feasible, but in any
event no later than September 30, 2006, and continuing throughout the Term
[**], Worldspan will make available to Worldspan Agencies in the Territory a
new optional distribution product (the “Subscription Access Product”) that
provides access to Delta’s Full Content (as it may be modified by Delta from
time to time in accordance with the terms of this Agreement) to the Worldspan
Agencies who elect to participate in the Subscription Access Product.

3.4           Content
Access Fee.  Delta retains the right
to, and nothing in this Agreement or the PCA shall preclude Delta from,
charging any Worldspan Agency participating in either the General Access
Product or the Subscription Access Product a Content Access Fee; provided,
however, that [**].  Worldspan agrees that
it will not add any such Content Access Fee to the Fares displayed by the
Worldspan GDS for any Delta Flight. 
Worldspan will cooperate with and assist Delta in connection with its
activities relating to the Content Access Fee, including without limitation
assisting Delta in invoicing and collecting any Content Access Fees.

3.5           Super
Access Product.  Commencing as soon
after the Agreement Date as Worldspan determines it to be feasible, but in any
event no later than September 30, 2006, and continuing throughout the
Term, Worldspan will make available to Worldspan Agencies in the Territory [**]
a new optional distribution product (the “Super Access Product”) that provides
access to Delta’s Super Content to the Worldspan Agencies who elect to
participate in the Super Access Product. 
Delta agrees not to charge any Worldspan Agency participating in
the Super Access Product a Content Access Fee.

3.6           Implementation
Plan.  Within thirty days after the
Agreement Date, appropriate representatives of the Parties will begin meeting
to establish procedures, and estimate the resources required, for implementing
the arrangements contemplated by this Agreement.

3.7            Agency Classifications.  In
the Billing Information Data Tapes (BIDT) provided to Delta each month during
the Term, or via some other commercially reasonable method mutually acceptable
to the Parties (such acceptance not to be unreasonably withheld or delayed),

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Worldspan shall indicate, for each Worldspan Agency generating Bookings
in the Territory during such month, [**] the Worldspan Distribution Product in
which each such Worldspan Agency participated during such month, together with
the Bookings generated in the Territory by each such Worldspan Agency.

3.8           [**].  Subject to the following provisions of this
Section 3.8, Worldspan covenants and agrees not to provide any Delta Fares
or inventory to any Worldspan Agency that is not authorized, in accordance with
the terms of this Agreement, to have access to such Fares or inventory.  In furtherance, and not in limitation, of the
preceding sentence, [**] such that each Worldspan Agency shall be able to
access only the applicable Fares and inventory to which that Worldspan Agency is
entitled.  The Parties will also develop
and implement reasonable operating procedures to support and effectuate such
[**].  In connection with the
implementation of the content controls described above, the Parties agree as
follows:

(a)           [**].

(b)           [**].

(c)           [**].

(d)           [**].

If, at any time during the Term, Worldspan Agencies are repeatedly being
provided access to Delta Fares or inventory to which the Worldspan Agencies are
respectively not entitled, and Worldspan does not resolve the problem within a
reasonable time after becoming aware of the problem, then [**].  With respect to any Booking generated by a
Worldspan Agency on the basis of a Fare or inventory to which that Worldspan
Agency is not entitled, [**].  However,
otherwise and notwithstanding anything herein to the contrary, [**] in
connection with the provisions of this Section 3.8.

[**]     Confidential
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ARTICLE
4

FEE ARRANGEMENTS

4.1           Booking
Fees in the Territory.  The Booking
Fees for Bookings generated in the Territory by Worldspan Agencies during the
Term will be as provided in Appendix B-1.

4.2           Booking
Fees Outside the Territory. 
During the Term, the Booking Fees for Bookings generated by Worldspan
Agencies located outside of the Territory [**], which [**].

4.3           [**].  [**].

ARTICLE
5

GENERAL PROVISIONS

5.1           [**].  [**]

5.2           [**] and Functionality.  [**] or functionality, as

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contemplated by
Section 2.1(c)(2) of this Agreement, the Parties will use commercially
reasonable efforts to agree upon the terms and conditions (including, without
limitation, the associated costs or fees, if any, for any such opportunity or
functionality) relating to any such [**] and functionality, as well as any
development or other work that may be required in connection therewith, and the
Parties will take all commercially reasonable actions necessary to implement
any such mutually agreed upon [**] or any such functionality as mutually
determined by the Parties.  However, the
Parties agree that (i) any delay in Worldspan’s ability to implement any
new [**] or functionality will not require Delta to delay the implementation of
the opportunity or functionality for any other Distribution Channel,
(ii) if the implementation of any new [**] functionality for Worldspan for
access via the Worldspan GDS by the applicable Eligible Worldspan Agencies participating
in the Super Access Product would create additional costs for Delta, then Delta
will promptly notify Worldspan of those costs and the Parties will [**], and
(iii) if the implementation of any new opportunity or functionality for
Worldspan for access via the Worldspan GDS by the applicable Eligible Worldspan
Agencies participating in the Super Access Product would [**].

5.3           Other Business Opportunities.  At least once during each calendar quarter
during the Term, appropriate representatives of Delta and Worldspan will meet
to discuss the Delta Group’s distribution requirements and objectives and any
ways in which Worldspan can assist Delta with respect to those requirements and
objectives.  If [**].

5.4           Improper Use of Delta Content.  In the event that either Party becomes aware
that a Worldspan Agency is improperly using, or failing to use, the Delta
Content provided by Worldspan, then that Party shall promptly bring such fact
to the attention of the other Party, and the Parties will reasonably cooperate
with each other with respect to causing the termination of any such improper
use of, or failure to use, such Delta Content.

5.5           Abusive [**].  Worldspan will use commercially reasonable
efforts to eliminate abusive Booking action by Worldspan Agencies.  In addition, Worldspan agrees that it will
[**].  Delta and Worldspan will work
together to identify, and

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implement mutually
developed best practices to reduce, any erroneous or abusive Booking practices
and behaviors by Worldspan Agencies.

5.6           [**].  Worldspan covenants and agrees that at all
times during the Term during which Delta is in material compliance with its
obligations under Article 2 of this Agreement, [**].

5.7           Agency Accreditation.  The Parties acknowledge and agree that Delta
retains the right at all times (i) to remove or withhold ticketing
authority and/or accreditation to act on its behalf from any Worldspan Agency,
and (ii) to limit point of sale booking capabilities of any Worldspan
Agency.  Nothing in this Agreement or the
PCA shall be interpreted as limiting (a) Delta’s rights under the Airline
Reporting Corporation agency appointment agreement with respect to any
Worldspan Agency, or (b) Delta’s rights under any agreement or arrangement
between Delta and any Worldspan Agency. 
If Delta removes or withholds ticketing authority or accreditation from
any Worldspan Agency, then Delta shall promptly give Worldspan notice thereof
and Worldspan shall restrict that Worldspan Agency’s ability to issue tickets
for which Delta is the validating air carrier until Delta reinstates that
Worldspan Agency’s ticketing authority and accreditation.

5.8           [**].  [**].

5.9           [**].  [**]:

[**]

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[**]

[**]

5.10         [**].  During
the Term, (i) Delta’s publicly announced policy will be that the Worldspan
Super Access Product is a preferred distribution product of the Delta Group in
the Territory and (ii) [**].

5.11         [**].  [**].

5.12         [**].  [**]

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[**].

5.13         PNR Sync Agreement.  The
term and effectiveness of the PNR Sync Agreement will be extended until the end
of the Term of this Agreement, [**].

5.14         [**].  Notwithstanding anything in this Agreement to
the contrary, the Parties acknowledge and agree that, except as provided in the
remainder of this Section 5.14, [**].

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5.15         [**].  With respect to any [**] this Agreement, Worldspan
agrees that it shall use such [**].

5.16         Auto Pricing Errors.  Notwithstanding anything herein or in the PCA
to the contrary, the Parties agree that if Worldspan cannot accurately auto
price specific Fares according to Delta’s specifications, Delta may instruct
Worldspan to inhibit auto-pricing such Fares, and Worldspan agrees to use
commercially reasonable efforts to comply with such instructions unless and
until it can demonstrate to Delta Worldspan’s ability to correctly auto-price
such Fares.  Delta agrees that it will
comply with industry-standard pricing practices and will file its pricing
specifications in automated rules data in accordance with ATPCO standards.  If [**]. 
Nothing else in this Agreement or the PCA shall be interpreted to prohibit
Delta from debiting a Worldspan Agency in connection with auto-pricing errors
or from pursuing other available remedies against a Worldspan Agency.

ARTICLE
6

TERMINATION AND DISPUTES

6.1           Termination for Cause.  If either Party defaults in the performance
of any of its material obligations (or repeatedly defaults in the performance
of any of its other obligations) under this Agreement and, after receipt of a
written notice specifying the default in reasonable detail, does not
substantially cure the default within [**] then the non-defaulting Party may,
by giving written notice of termination to the defaulting Party, terminate this
Agreement effective as of the termination date specified in the notice of
termination.

6.2           Termination due to Force Majeure
Event.  If a Force Majeure Event
substantially prevents one Party’s performance of its obligations pursuant to
this Agreement for a period of [**] or more consecutive days, then the other
Party may terminate this Agreement upon [**] days prior written notice to the
affected Party.

6.3           Remedies.  If either Party breaches, or threatens to
breach, any of its obligations in Article 2, Article 3, Article 4,
Article 5 or Article 8, then the other Party may seek equitable relief,
including, without limitation, injunctive relief, in any jurisdiction or court
of competent authority, without being required to go through the dispute
resolution process set forth in Section 6.4 below, to preserve the status quo
or prevent irreparable injury while the resolution of any related Dispute is
being pursued through such dispute resolution process.

[**]     Confidential
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6.4           Dispute Resolution.  Any dispute, claim or controversy arising out
of or relating in any way to this Agreement, or the relationship or rights and
obligations of the Parties resulting from this Agreement, including any dispute
as to the existence, validity, construction, interpretation, negotiation,
performance, non-performance, breach, termination, or enforceability of this
Agreement, (a “Dispute”) will be resolved in accordance with the following
procedures:

(a)           Upon
the request of either Party, the Parties will promptly exercise reasonable
business efforts to resolve the Dispute at the operational level.

(b)           If
the Parties have not been able to resolve the Dispute at the operational level
with twenty-four hours after the request described in subsection (a),
then, upon the written request of either Party, which request must identify the
Dispute in reasonable detail, each Party will designate a senior executive
officer who will negotiate in good faith with the senior executive officer
designated by the other Party in an effort to resolve the Dispute.

(c)           If
the senior executive officers do not resolve the Dispute within fifteen days
after the request described in subsection (b), then, upon the written
request of either Party, the Dispute will be settled through final, binding and
confidential arbitration in accordance with the then-current Commercial
Arbitration Rules of the American Arbitration Association.  The arbitration tribunal will consist of a
single arbitrator agreed upon by the Parties or, in the absence of agreement,
appointed in accordance with such Rules. 
The venue for the arbitration will be Atlanta, Georgia, and the award of
the arbitrator will be final and binding. 
Each Party retains the right to seek judicial assistance (i) to
compel arbitration; (ii) to obtain interim measures to preserve the status
quo or prevent irreparable injury pending arbitration; and (iii) to
enforce any decision of the arbitrator, including the final award.

(d)           Notwithstanding
the existence of any Dispute or the fact that the dispute resolution procedures
set forth in this Section 6.4 have been or may be invoked, each Party will
continue to perform its obligations under this Agreement, unless and until this
Agreement is terminated in accordance with the provisions of this Agreement.

ARTICLE
7

REPRESENTATIONS AND WARRANTIES

7.1           Representations
and Warranties of Worldspan. 
Worldspan represents and warrants to Delta as of the Agreement Date as
follows:

(a)           Organization
and Qualification.  Worldspan is a
duly organized and validly existing limited partnership in good standing under
the laws of the State of Delaware and has the general partnership power and
authority to own, operate and use its assets and operate its business as
contemplated by this Agreement.

(b)           Authority
Relative to this Agreement. 
Worldspan has the power and authority to execute and deliver this
Agreement and to consummate the transactions contemplated hereby in accordance
with the terms hereof.  The execution and
delivery of this Agreement and the consummation of the transactions
contemplated 

 

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hereby have been duly authorized by all necessary
partnership action on the part of Worldspan. 
This Agreement has been duly and validly executed and delivered by
Worldspan and is, assuming due execution and delivery thereof by Delta, a valid
and binding obligation of Worldspan, enforceable against Worldspan in
accordance with its terms.

(c)           Compliance.  All services performed by Worldspan pursuant
to this Agreement or otherwise shall be conducted in compliance in all material
respects with all applicable statutes, orders, rules, regulations and
notifications, whether now in effect or hereafter promulgated, of all
governmental agencies having jurisdiction over its operations, including, but
not limited to, the U.S. Department of Transportation.

(d)           No
Conflict.  The
execution, delivery and performance by Worldspan of this Agreement do not and
will not (i) contravene or conflict with the limited partnership agreement
of Worldspan; (ii) contravene or conflict with or constitute a violation
of any provision of any law, statute, judgment, decree, order, rule or
regulation of any governmental authority binding upon or applicable to
Worldspan or any of its properties or assets; (iii) result in a violation
or a breach of, or constitute a default or require any consent under or give
rise to a right of termination, cancellation or acceleration of any right or
obligation of Worldspan or to a loss of any benefit to which Worldspan is
entitled under any provision of any note, bond, mortgage, indenture, lease,
agreement, contract, obligation or other instrument to which the Worldspan is
bound, or any license, franchise, permit or other similar authorization held by
Worldspan; (iv) result in the creation or imposition of any liens in favor of
any third person or entity; or (v) constitute any event which, after notice or
lapse of time or both, would result in such violation, breach, conflict,
default, acceleration or creation or imposition of liens.

7.2           Representations and Warranties of
Delta.  Delta represents and warrants
to Worldspan as of the Agreement Date as follows:

(a)           Organization
and Qualification.  Delta is a duly
incorporated and validly existing corporation in good standing under the laws
of the State of Delaware and has the general corporate power and authority to
own, operate and use its assets and operate its business as contemplated by
this Agreement.

(b)           Authority
Relative to this Agreement.  Delta has
the corporate power and authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby in accordance with the terms
hereof.  The execution and delivery of
this Agreement and the consummation of the transactions contemplated hereby
have been duly authorized by all necessary corporate action on the part of
Delta.  This Agreement has been duly and
validly executed and delivered by Delta and is, assuming due execution and
delivery thereof by Worldspan, a valid and binding obligation of Delta,
enforceable against Delta in accordance with its terms.

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(c)           No
Conflict.  The
execution, delivery and performance by Delta of this Agreement do not and will
not (i) contravene or conflict with the articles of incorporation of
Delta; (ii) contravene or conflict with or constitute a violation of any
provision of any law, statute, judgment, decree, order, rule or regulation of
any governmental authority binding upon or applicable to Delta or any of its
properties or assets; (iii) result in a violation or a breach of, or
constitute a default or require any consent under or give rise to a right of
termination, cancellation or acceleration of any right or obligation of Delta
or to a loss of any benefit to which Delta is entitled under any provision of
any note, bond, mortgage, indenture, lease, agreement, contract, obligation or
other instrument to which the Delta is bound, or any license, franchise, permit
or other similar authorization held by Delta; (iv) result in the creation or
imposition of any liens in favor of any third person or entity; or (v)
constitute any event which, after notice or lapse of time or both, would result
in such violation, breach, conflict, default, acceleration or creation or
imposition of liens.

(d)           Bankruptcy.  The Parties acknowledge that Delta and
certain of its Affiliates (collectively, the “Debtors”) filed for bankruptcy
protection pursuant to chapter 11 of title 11 of the United States Code (the “Bankruptcy
Code”) on September 14, 2005, in the United States Bankruptcy Court for the
Southern District of New York (the “Bankruptcy Court”).  [**]

ARTICLE 8

MISCELLANEOUS PROVISIONS

8.1           Prior Agreement.  This Agreement is intended to be a supplement
to the PCA, which will continue in full force and effect during the Term of
this Agreement.  To the extent that there
is any inconsistency between the terms and conditions of this Agreement and the
terms and conditions of the PCA, the terms and conditions of this Agreement
will prevail.  During [**].  [**].

8.2           Successors and Assigns.  This Agreement will survive any change of
control of either Party and will be binding upon, inure to the benefit of, and
be enforceable by and against each Party and any successor thereto.  However, neither Party may, without the prior
written consent of the other, assign this Agreement or any rights or
obligations hereunder to any other

 

 

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entity unless that
other entity (i) acquires all or substantially all of the assets of the
assigning Party, and (ii) either agrees, or by operation of law is
required, to comply with and be bound by the provisions of this Agreement to
the same extent as the assigning Party. 
In connection therewith, the Parties agree as follows:

[**].

[**].

8.3           Confidentiality.  Each Party agrees that all proprietary and
confidential information of the other, including information relating to the
negotiation and the terms and conditions of this Agreement, will be held in
strict confidence and protected by the same degree of care as such Party uses
to protect the confidentiality of its own information of a similar nature, but
no less than a reasonable degree of care, will be used only for purposes of
this Agreement, and will not be disclosed to any third party by such Party
without the prior written consent of the other, except as may be required by
legal, accounting, or regulatory requirements. 
If a Party is required to disclose the other Party’s confidential
information by legal, accounting or regulatory requirements, then the receiving
Party must (a) notify the disclosing Party of any actual or threatened
disclosure of which the receiving Party has knowledge, of any legal compulsion
of disclosure, and of any actual legal obligation of disclosure immediately
upon becoming so obligated and (b) cooperate with the disclosing Party’s
reasonable, lawful efforts to resist, limit or delay disclosure.

 

 

 

 

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8.4           Public Communications.  Worldspan and Delta will jointly prepare one
or more press releases regarding the general subject matter of this Agreement,
including the provision of Delta Content for Worldspan Agencies.  Notwithstanding the provisions of
Section 8.3, each Party may make announcements intended for internal
distribution within that Party’s organization and any disclosures required by
legal, accounting, or regulatory requirements, and may publicly disclose the
existence and general provisions, including the term, of this Agreement,
including the fact that Worldspan Agencies may obtain access to certain Delta
Content described in this Agreement through the Worldspan GDS.

8.5           Severability.  If any court of competent jurisdiction,
arbitrator, regulatory body, or other legal authority, as the case may be,
determines that any provision of this Agreement violates any applicable
statute, law, rule, or regulation, whether now in existence or enacted or
adopted at a later date, or is otherwise unlawful, invalid or unenforceable for
any reason, it is the intention of the Parties that such authority will have
the power to modify such provision to the extent necessary to render the
provision enforceable, and such provision as so modified will be enforced.  Any such findings of invalidity or
unenforceability of any provision of this Agreement will not affect the
validity or enforceability of the other provisions of this Agreement, which
will remain in full force and effect.

8.6           Waiver.  No waiver of any breach of this Agreement by
either Party shall constitute a waiver of any subsequent breach of the same or
any other provisions hereof, and no waiver shall be effective unless made in
writing.

8.7           Force Majeure.  Neither Party will be deemed in default of
this Agreement as a result of any failure to perform its obligations that is
caused by an act of God or governmental authority, a strike or labor dispute,
fire, war, failure of the other Party or third party suppliers, or for any
other cause beyond the reasonable control of that Party (a “Force Majeure Event”).

8.8.          No Agency.  Nothing in this Agreement is intended to or
will be construed to create or establish an agency, partnership, or joint
venture relationship between the Parties.

8.9           Counterparts.  This Agreement may be executed in two or more
counterparts, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, shall be deemed to constitute
one and the same agreement.

8.10         Governing Law.  This Agreement shall be governed by,
construed and enforced according to the laws of the State of Georgia, without
regard to its principles of conflicts of laws. Subject to the provisions of
Section 6.4, any judicial action or proceeding seeking to enforce any
provision of, or based on any right arising out of, this Agreement may only be
brought in the courts of the State of Georgia in Fulton County, or, if it has
or can acquire jurisdiction, in the United States District Court for the
Northern District of Georgia, and each of the Parties hereto irrevocably
consents to the exclusive jurisdiction of such courts (and of the appropriate
appellate courts) in any such action or proceeding and waives, to the fullest
extent permitted by law, any objection to venue laid therein.  Process in any action or proceeding referred
to in the proceeding

 

 

 

 

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sentence may be
served on any party anywhere in the world. 
Each Party further agrees to waive any right to a trial by jury.

8.11         Construction.  The captions used in this Agreement are for
reference purposes only and are to be given no effect in the construction or
interpretation of this Agreement.  As
used in this Agreement, the words “hereof” and “hereunder” and other words of
similar import refer to this entire Agreement and not any separate portion
hereof, unless otherwise specified.  The
use in this Agreement of pronouns of the masculine, feminine, or neuter gender
shall be deemed to include the other genders, as the context may require.  Any reference in this Agreement to an
Article, Section, or Appendix shall be considered a reference to that Article
or Section of, or that Appendix to, this Agreement, unless the context
indicates otherwise.  As used in this
Agreement, the word “including” and its derivatives (such as “include” and “includes”)
shall be interpreted as if it were followed by the phrase “without limitation”
unless the context indicates otherwise.

8.12         No Third Party Beneficiaries.  No provision of this Agreement is intended to
confer any rights, benefits, remedies, obligations or liabilities hereunder
upon any person or entity other than the Parties hereto and their respective
permitted successors and assigns.

8.13         Limitation of Damages.  NEITHER PARTY SHALL BE LIABLE FOR ANY
INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST REVENUES, LOST
PROFITS, OR LOST PROSPECTIVE ECONOMIC ADVANTAGE, BUT NOT INCLUDING ANY AMOUNTS
PAYABLE PURSUANT TO THIS AGREEMENT, ARISING FROM THIS AGREEMENT OR ANY BREACH
HEREOF.

8.14          Audit.  Either Party may, upon reasonable notice to
the other Party, at its discretion and expense, engage an independent
third-party auditor to (i) with respect to Delta, verify Worldspan’s
reporting of Bookings, including which Worldspan Distribution Product was used
for the Booking and whether the Booking was made by an Online Worldspan Agency
or a Traditional Worldspan Agency, and Worldspan’s obligations with respect to
Delta confidential information and [**], and (ii) with respect to Worldspan,
verify Delta’s compliance with the terms and conditions of Article 2 of
this Agreement.  Any such auditor must
enter into a non-disclosure agreement with the other Party substantially
similar with the rights and obligations set forth in Section 8.3 of this
Agreement.  Each Party agrees to make
relevant information available to the auditor of the other Party, provided such
other Party reimburses the audited Party for any reasonable costs and expenses
incurred with respect to such availability. 
Each Party shall be limited to conduct only one (1) audit per Contract
Year, and no audit shall unreasonably interfere with the conduct of the audited
Party’s business.

8.15         Entire Agreement.  This Agreement, including the Appendices
attached hereto, and the PCA constitute the entire agreement and understanding
of the Parties with respect to the subject matter hereof and supersedes all
prior agreements and understandings with respect to such subject matter,
including the Prior Content Agreement, which shall be terminated effective as
of the Effective Date.  Notwithstanding
the foregoing, the PCA will continue to be in full force and effect as provided
in Sections 1.1 and 8.1.

 

 

 

 

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IN WITNESS WHEREOF, each
of the Parties has caused this Agreement to be executed by its duly authorized
representative as of the Agreement Date.

	
  Delta Air Lines, Inc.

  	
  Worldspan, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Pamela
  Elledge

  	
   

  	
  By:

  	
  /s/ Ninan Chacko

  	
   

  
	
  Title:

  	
  Vice
  President—Global Sales and Distribution

  	
   

  	
  Title:

  	
  Chief Commercial Officer

  	
   

  

 

 

 

 

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 19

APPENDIX A

Definitions

“Affiliate”
means, with respect to an Person, any other Person that, directly or
indirectly, owns or controls that Person, is owned or controlled by that
Person, or is under common ownership or control with that Person, where “ownership”
means owning fifty percent or more of the controlling interest in an entity,
and “control” means the ability to direct the management or affairs of a
Person.

“Agreement
Date” has the meaning specified in the first paragraph of this Agreement.

[**]

[**]

“Booking”
means an airline passenger segment created by (or secured to) a Worldspan
Agency in the itinerary portion of a passenger name record (PNR) for
transportation on a Delta Flight, including those types of segments treated as
Bookings as of the Agreement Date.  For
example, one passenger on a direct flight will constitute one Booking, one
passenger on a two-

 

 

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segment
trip with connecting flights will constitute two Bookings, and multiple
passengers within the same PNR segment will constitute multiple Bookings.

“Booking
Fee” means, with respect to a Booking, the fee that Worldspan charges Delta on
a per-segment basis for that Booking.

“Cancellation” means a Booking that is canceled by
the applicable Worldspan Agency through the Worldspan GDS prior to the date of
departure for that Booking.

[**]

“Content Access Fee”
means a fee that Delta charges a Person in connection with accessing and/or
generating bookings from Delta Content.

“Contract Year” means a twelve-month period commencing
on September 1, 2006 or any anniversary thereof, but only that portion of
any such twelve-month period as occurs during the Term.

[**]

[**]

“Delta”
has the meaning specified in the first paragraph of this Agreement.

“Delta
Content” means Fares for Delta Flights, together with related schedule
information and associated access to inventory and seat availability, and
corresponding information for any other products or services, if any, provided
by the Delta Group.

“Delta
Flight” means any scheduled air transportation that is marketed or operated by,
and using the air carrier designator code of, Delta or any of its Affiliates.

“Delta
Group” means Delta and its air carrier Affiliates.

“Delta Internet Site”
means an Internet site branded predominantly under Delta’s or its Affiliate’s
trademarks, service marks or trade names which contains information about the
schedules, Fares and seat inventory of Delta Flights, and provides Delta’s
customers with the

 

 

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ability to review,
make reservations for, or purchase air transportation services offered by the
Delta Group.

“Designated Codeshare” means, for any given air
carrier and except as the Parties may otherwise agree, another air carrier that
(i) operates flights that are marketed using the air carrier designator
code of the given air carrier, and (ii) has an arrangement with the given
air carrier pursuant to which the booking fees associated with bookings on
those flights that are incurred by the given air carrier, as the marketing
carrier, may be rebilled or passed through to the other air carrier, as the
operating carrier.  The Parties agree
that (x) the air carriers listed in Section 1(a) of Appendix Dare Designated Codeshares for Delta as
of the Agreement Date, but none of the air carriers listed in Section 1(b)
of Appendix D will be
considered a Designated Codeshare for Delta unless and until the Parties
mutually agree to consider it such a Designated Codeshare, and (y) Delta
is a Designated Codeshare for the air carriers listed in Section 2 of
Appendix D as of the Agreement Date.

“Direct
Connect” means, with respect to any air carrier, a direct connection to the air
carrier’s internal reservations system by a Travel Agency, corporation, or
other organization that provides the ability to reserve, purchase, or ticket
travel on the air carrier’s flights without generating a booking through a GDS.

“Dispute” has the meaning specified in
Section 6.4.

“Distribution Channel” means any Internal Distribution
Channel or External Distribution Channel.

“Effective Date” has the meaning specified in
Section 1.1.

“Eligible Worldspan Agency” means each Worldspan
Agency, including ARC-accredited and non-ARC-accredited agencies, that, at the
applicable time, is accredited by Delta through the granting of ticketing
authority, or otherwise has booking authority, in the Territory.

[**]

“External
Distribution Channel” means a channel for the distribution of Delta Content
that is not an Internal Distribution Channel, including any (i) GDS in
which Delta is a participant, or (ii) Direct Connect with a direct connection
to Delta’s internal reservations system.

“Fare”
means the price charged by Delta for air travel, together with the necessary
fare rules, tariffs and construction principles applicable thereto.  For the avoidance of doubt, a Fare shall not
include (i) any fee or surcharge imposed by Delta on any person or entity
distributing or selling such Fare to the consumer or user of such Fare, or (ii)
any frequent flyer program miles or other loyalty benefit provided by Delta to
the purchaser or user of such Fare.

“Force
Majeure Event” has the meaning specified in Section 8.7.

“Full Content” has the
meaning specified in Section 2.1(b).

 

 

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“GDS” means a global
distribution system operated by [**] each as of the Agreement Date, or any
similar system offered to subscribing Travel Agencies that provides aggregated
information about the schedules, fares, or availability of the products and
services of multiple air carriers and enables such subscribing Travel Agencies
to make reservations and issue tickets for such products and services.  [**]

“General
Access Booking” means a Booking
generated in the Territory by a Worldspan Agency that is then a participant in
the General Access Product.

“General Access Product” has the meaning specified
in Section 3.1.

“General
Content” has the meaning specified in Section 2.1(a).

[**]

[**]

“Internal
Distribution Channel” means (i) Delta’s reservations or sales personnel,
(ii) the internal reservations system used by Delta, (iii) any Delta
Internet Site, and (iv) any publicly accessible Internet web site branded under
the global airline alliance of which Delta is a member as of the applicable
time.

“Internet
Channel” means any Internet web site, other than a Delta Internet Site, that
derives [**] or more of its revenue from the sale of travel products or
services to consumers.

[**]

[**]

 

 

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[**]

“Online
Travel Agency” or “OTA” means any Travel Agency (or group of Affiliated Travel
Agencies who are marketed under the same brand name) whose primary business is
operating one or more publicly accessible Internet Channels for the
distribution of travel products or services.

“Online
Worldspan Agency” means any Worldspan Agency that is an Online Travel Agency.

“Opaque
Fare” means, with respect to any air carrier, a Private Fare, together with
related schedule information and associated access to inventory, that is
offered for sale by or on behalf of that air carrier in such a way that, until
after an irrevocable commitment to purchase the particular fare has been made,
there is no disclosure of (a) the air carrier identity, and (b) at
least one of the following: (i) the exact time of departure, or
(ii) the exact time of arrival.

[**]

[**]

[**]

[**]

 

 

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[**].

“Party”
means each of Delta and Worldspan.

“PCA”
has the meaning specified in the recitals of this Agreement.

[**]

“Person”
means any individual, firm, corporation, company, partnership, association,
limited liability company, joint-stock company, trust, unincorporated
organization or other entity.

“PNR
Sync Agreement” means the PNR Sync Agreement, dated December 3, 2003, between
Worldspan and Delta.

[**]

“Prior
Content Agreement” means, collectively, the letter agreement regarding fare
content, dated December 3, 2003, between Worldspan and Delta and the
Online Full Content Agreement, dated as of June 22, 2004, between Worldspan and
Delta.

[**]

[**]

“Publicly
Available Fare” means, with respect to any air carrier, a fare, together with
related schedule information and associated access to inventory, offered for
sale by or on behalf of that air carrier to the general public in the
Territory, including its Web Fares but excluding all of its Unpublished Fares.

“Subscription
Access Booking” means a Booking
generated in the Territory by a Worldspan Agency that is then a participant in
the Subscription Access Product.

 

 

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                “Subscription Access Product” has the meaning
specified in Section 3.3.

“Super
Access Booking” means a Booking generated in the Territory through the Super
Access Product by a Worldspan Agency that is then a participant in the Super
Access Product.

“Super
Access Product” has the meaning specified in Section 3.5.

“Super Content” has the meaning specified in
Section 2.1(c).

[**]

[**]

“Term”
has the meaning specified in Section 1.1.

“Territory”
means (i) the 50 United States and the District of Columbia, (ii) the U.S.
Virgin Islands, and (iii) Puerto Rico.

“Traditional
Travel Agency” means any Travel Agency [**].

“Traditional
Worldspan Agency” means any Worldspan Agency that is a Traditional Travel
Agency.  For the avoidance of doubt,
Traditional Worldspan Agencies include corporations and other organizations
using Trip Manager or any successor or comparable product offered by Worldspan.

“Travel
Agency” means a Person that books, sells, or fulfills the products or services
of travel suppliers through the use of a GDS.

“Trip Manager” means Worldspan’s Internet-based
corporate travel booking tool, as it may be modified by Worldspan from time to
time, that allows a company’s authorized users to create, modify, and view
airline and other travel reservations made through the Worldspan GDS.

“TSA
Booking” means any booking for transportation on a Delta Flight with respect to which Delta is not required
to pay a booking fee to any GDS provider, whether pursuant to an agreement
reached prior to the Effective Date or during the Term.

[**]

 

 

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                “Web Fare” means, with respect to any air carrier, a
fare, together with related schedule information and associated access to
inventory, that is made available to the public by that air carrier through the
primary internal Internet web site owned, operated or controlled by such air
carrier, and with respect to Delta, are filed under a ticket designator code
beginning with WP or WN, or such other designator code as may be provided to
Worldspan by Delta from time to time.  However,
an air carrier’s Web Fares do not include its Private Fares, Promotional Fares,
or Opaque Fares.

[**]

“Worldspan”
has the meaning specified in the first paragraph of this Agreement.

“Worldspan
Agency” means, as of any time, any Travel Agency or other Person (including the
home agency and all branches thereof) that at that time uses the Worldspan GDS
to shop for, price, book, sell, or fulfill the products or services of travel
suppliers or to enable end users to shop for, reserve, book, and pay for the
products and services of travel suppliers. 
For the avoidance of doubt, “Worldspan Agency” includes both Traditional
Worldspan Agencies and Online Worldspan Agencies.

“Worldspan
Agency Base” has the meaning specified in the recitals of this Agreement.

“Worldspan Distribution Product” means each of the
General Access Product, the Subscription Access Product, and the Super Access
Product.

“Worldspan
GDS” means the GDS operated by Worldspan, including Trip Manager, or any
successor thereto.

[**]

 

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APPENDIX B-1

Financial
Provisions for Bookings within the Territory

1.             [**] Booking Fees.

(a)           [**] Agencies. 
Subject to the provisions of Section [**].

(b)           [**] Worldspan Agencies.  Except for any [**] Online Bookings for which
the Booking Fees are determined pursuant to the provisions of Section 1(c)
of this Appendix B-1, (i) the Booking Fee payable to Worldspan by
Delta for each [**] generated by [**] generated by any other [**] during any
Contract Year will be the applicable Booking Fee set forth in the following
table, which is based upon the [**], as set forth in the following table:

[**]

[**]

(c)           [**] Bookings. 
Notwithstanding the provisions of [**]

 

 

 

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treatment requested for redacted portion; redacted portion has been filed separately
with the Commission.

 

 B-1-1
 

 

[**] is adjusted as a result
of that transaction.

2.             General [**] Fees.  [**].

3.             [**] Bookings.  Notwithstanding the provisions
of Section [**]

[**]

[**] is adjusted as a result of that transaction.

4.             [**]

[**]

[**]

[**] Confidential
treatment requested for redacted portion; redacted portion has been filed
separately with the Commission.

 B-1-2
 

 

[**].

5.             [**].  [**]

6.             Operating Carrier
Billing.  Notwithstanding the
foregoing, the Parties acknowledge and agree as follows:

(a)           With respect to bookings, [**] generated in the Territory
through any Worldspan Distribution Product for travel on any flight that is
marketed using the air carrier designator code of Delta or any of its
Affiliates, but is operated by another air carrier that is a Designated
Codeshare for Delta and is then a party to a Participating Carrier Agreement
with Worldspan, Worldspan will bill the operating air carrier, rather than
Delta, for the booking fees associated with those bookings, which booking fees
will be determined in accordance with the provisions of the operating air
carrier’s Participating Carrier Agreement, as then amended or supplemented.

(b)           With respect to bookings, [**] generated in the Territory
through any Worldspan Distribution Product for travel on any flight operated by
Delta (or any of its Affiliates) that is marketed using the air carrier
designator code of another Super Content Airline for which Delta is a
Designated Codeshare, Worldspan will bill Delta, rather than the other Super
Content Airline, for the booking fees associated with those bookings, which
booking fees will be determined in accordance with the provisions of this
Agreement.

In connection with the provisions of this Section 6, Delta agrees to
provide Worldspan promptly after the Agreement Date written confirmation of,
and to thereafter give Worldspan prior written notice of any change in,
(i) each other air carrier that is a Designated Codeshare for Delta, as
well as the flight number ranges under Delta’s (or its Affiliate’s) air carrier
designator code that are used for flights operated by the Designated Codeshare
that are marketed under Delta’s (or its Affiliate’s) air carrier designator
code, and (ii) each other air carrier for which Delta is a Designated
Codeshare, as well as the flight number ranges under the other air carrier’s
air carrier designator code that are used for flights operated by Delta that
are marketed under such other air carrier’s air carrier designator code.

[**] Confidential treatment requested for redacted portion; redacted
portion has been filed separately with the Commission.

 B-1-3
 

 

7.             Invoice
Reconciliation.  If, despite
Worldspan’s good faith efforts to accurately prepare each monthly invoice, it
is subsequently determined that the actual amount payable by Delta for any
month differs from the amount previously invoiced by Worldspan for that month,
then the applicable Party will promptly make any additional payments, or
issue any refunds or credits, that may be necessary to reconcile the amount
previously invoiced for that month with the actual amount payable for that
month.

8.             Time of Payment. 
Any amounts to which either Party is entitled pursuant to this
Appendix B-1 will be payable in accordance with the payment procedures
that the Parties use for amounts payable under the PCA.

9.             Cancellation Fees.  [**]

10.           [**].        [**]

11.           [**].        [**]

12.           [**].        [**]

[**]
Confidential treatment requested for redacted portion; redacted portion has
been filed separately with the Commission.

 B-1-4

 

APPENDIX B-2

Financial
Provisions for Bookings outside of the Territory

[**]

 

 

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 B-2-1

APPENDIX C

Designated
Codeshares

[**]

 

 

 

 

 

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portion has been filed separately with the Commission.

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[**]

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treatment requested for redacted portion; redacted portion has been filed
separately with the Commission.

 

 C-2Exhibit
10.1

Kevin L. Lilly

Vice President, Secretary and General Counsel

13515 Ballantyne Corporate Place

Charlotte, North Carolina 28277

November 10, 2006

Mr. Thomas J. Riordan

13515 Ballantyne Corporate Place

Charlotte, North Carolina 28277

Dear Tom:

As discussed with
you, the effective date of your separation from SPX Corporation (the “Company”)
will be January 2, 2007.  This letter,
otherwise known as the Separation Agreement and General Release, sets forth the
terms upon which you and the Company have agreed your employment will be
terminated (hereinafter the Separation Agreement and General Release will be
referenced as the “Agreement”).

1.                                      Transition
Period

Subject to the
provisions of this Agreement, your employment will continue through January 2,
2007 (the “Effective Date”).  The period
between now and the Effective Date will be referred to as the “Transition
Period”.  During the Transition Period,
in addition to performance of your current duties, you will assist in the
orderly transfer or reassignment of your duties as directed by the Company.

2.                                      Bonus and Equity Incentive Compensation

Subject to the
provisions of this Agreement, you will be eligible to receive a bonus under the
2006 bonus plan, based on full year business performance and payable at the
time such bonuses are paid to participants generally.  Also, subject to the provisions of this
Agreement, any restricted stock granted to you by the Company that is unvested
as of the Effective Date but would have vested on or before January 31, 2007
will vest as of the Effective Date.  In addition, subject to the
provisions of this Agreement, with respect to vested stock options, you will
have an extended exercise period equal to the earlier of the expiration of the
options or December 31, 2007.  Any other
unvested stock options, restricted stock or restricted stock units granted to
you by the Company will be forfeited.

 1
 

 

3.                                      Employee
Benefits

The Attached
Exhibit A summarizes the status of your employee benefits following the
Effective Date.  Most of your employee
benefits terminate as of your last day of active work, although your medical,
dental, and vision coverage (if applicable) continue through the end of the
month during which your last day of active work occurred.  Please be aware that you will be entitled to
receive certain benefits as noted in Exhibit A, provided you take the steps
described in the Exhibit.  It is
important that you read this information.

You will be vested
in the benefits accrued through and including the Effective Date under the SPX
Corporation Individual Account Retirement Plan, the Supplemental Individual
Account Retirement Plan, and the Supplemental Retirement Plan for Top
Management.  Except as expressly provided
in this Agreement, payments or reimbursements in respect of country club dues,
fees or other costs shall cease effective as of January 2, 2007.  You will be permitted to continue use of your
current club membership through June 30, 2007, provided that you pay all fees
and any other costs, such that there will be no monetary liability or
obligation to the Company for such continued use.  You must notify the undersigned in writing 30
days in advance if you wish to discontinue such club membership use prior to
June 30, 2007.  In addition to the foregoing, the Company
will waive its right to repayment from you for any portion of your relocation
expenses that you may otherwise remain obligated to repay.

The Company will
reimburse you for up to $20,000 for annual income tax return preparation and
financial planning fees and costs incurred in calendar year 2006 (less the
amount of any such fees and costs previously reimbursed by the Company in 2006,
regardless of when such fees and costs were incurred) upon receipt of
documentation satisfactory to the Company. 
No unused amounts from 2005 or prior years, if any, will be carried
forward or otherwise available for income tax return preparation and financial
planning services.

You acknowledge
that the payments and benefits specified in this Agreement exceed in value any
payments and benefits to which you may already be entitled.

4.                                      Release

By signing this
Agreement, you release the Company from any known or unknown, asserted
or unasserted claims that you may have against the Company.

You are giving
this release on behalf of yourself and your heirs, personal representatives,
assigns or any other person who could make a claim based upon your employment
relationship with the Company.

The release
applies to the Company and its subsidiaries, business units, divisions and
affiliates, as well as their current and former directors, board of directors,
managers, officers, shareholders, agents, representatives, attorneys,
employees, successors, predecessors and assigns.  These parties are together called the “Released
Parties” in this 

 2
 

 

Agreement.  Except to the extent provided herein, the
release also includes any employee benefit plans or funds sponsored or
administered by the Company (except that it does not apply to claims for vested
benefits, if any, arising from Company-sponsored retirement plans).

This is a general
and complete release that applies to any claim, known or unknown, asserted or
unasserted, and waives any claim to further compensation or benefits.  It includes claims relating to your
employment with and termination of employment with the Company.

This release
specifically applies to claims under Title VII of the Civil Rights Act of 1964,
the Civil Rights Act of 1991, the Americans with Disabilities Act, the Worker
Adjustment and Retraining Notification Act, the Employee Retirement Income
Security Act of 1974, 42 U.S.C. § 1981 through 1988, as amended, the Age
Discrimination in Employment Act, as amended, the Older Workers Benefits
Protection Act, the Immigration Reform and Control Act, as amended, the
Occupational Safety and Health Act, as amended, the Equal Pay Act, any
collective bargaining agreement, any other federal, state, local civil or human
rights law or any other local, state or federal law, regulation or ordinance,
any federal or state common law, including claims in contract and tort or based
upon public policy, and any allegation for costs, fees, or other expenses
including attorneys’ fees incurred in these matters.  It does not apply to any claim that arises
after you sign this Agreement, and it does not include claims that cannot be
released as a matter of law.

You agree to
permanently withdraw with prejudice all claims, if any, you have filed against
any Released Party, including a request to the EEOC or any other employment
discrimination investigation agencies to withdraw any previously filed charges
of discrimination.  You further agree
that you shall not be entitled to receive any relief, recovery, or monies in
connection with any complaint or charge brought against the Company, without
regard as to who brought said complaint or charge.

You agree that you
will sign an additional waiver and general release satisfactory to the Company
on or after the Effective Date.

5.                                      Employee
Affirmations

You affirm that
you have not assigned or transferred, or purported to assign or transfer, to
any person or entity, any claim against any of the Released Parties, or any
portion thereof or interest therein.  You
also affirm that you have not filed, caused to be filed, or presently are a
party to any claim, complaint, or action against any of the Released Parties in
any forum or form. You further affirm that you have been paid and/or have
received all leave (paid or unpaid), compensation, wages, bonuses, commissions,
and/or benefits to which you may be entitled and that no other leave (paid or
unpaid), compensation, wages, bonuses, commissions, and/or benefits are due to
you, except as provided in this Agreement. You further affirm that you have no
known workplace injuries or occupational diseases and have been provided and/or
have not been denied any leave requested under the Family and Medical Leave
Act.

 3
 

 

6.                                      Employee
Covenants

You agree to
resign from any appointments, directorships or other offices you may hold on
behalf of SPX Corporation or any of its divisions or affiliates.  You acknowledge that any employment or
contractual relationship between you and the Company will terminate by virtue
of this Agreement, and that you have no future employment or contractual
relationship with the Company other than the contractual relationship created
by this Agreement.  In consideration of
this Agreement, you hereby waive any and all employment rights that you now
have with the Company, except as otherwise expressly provided in this
Agreement.  You agree not to seek
reinstatement, reemployment, or future employment as a new employee, and the
Company has no obligation, contractual or otherwise, to employ or reemploy,
hire or rehire, or recall or reinstate you in the future.

You agree that all
payments and benefits provided under this Agreement shall be subject to any and
all applicable withholding and other employment taxes.  You further agree that the payments and
benefits provided under this Agreement are in lieu of any and all rights or
entitlements to severance pay under any other Company plan, policy, benefit or
procedure, or any agreement between you and the Company.

You acknowledge
that you will remain bound by any confidentiality, nondisclosure or
noncompetition agreements you have with the Company, in addition to the
protective covenants set forth below.

You further
acknowledge that you may possess secret, confidential or proprietary
information or trade secrets concerning the operations, future plans or
business methods of the Company.  You
agree never to use or disclose any such information.

You further
acknowledge that for a two-year period immediately after the Effective Date,
you will not directly or indirectly accept employment with or render services
on behalf of a competitor of any SPX business unit at which you have been employed,
or any other third party, in any capacity where the confidential information of
an SPX business unit acquired by you during your employment with an SPX
business unit would reasonably be considered to be useful to the competitor or
to such other third party to become a competitor based in whole or in part on
such information.

You agree that,
for a period of three (3) years after the date of execution of this Agreement,
you will not interfere with the Company’s relationship with, or endeavor to
entice away from the Company, or hire any person who at the time of the
execution of this Agreement is an employee of the Company.  You agree that, for a period of two (2) years
after the date of execution of this Agreement, you will not interfere with the
Company’s relationship with, or endeavor to entice away from the Company, any
customer of the Company who, during your employment at the Company, you
serviced, solicited on behalf of the Company or gained knowledge about through
your employment at the Company.

 4
 

 

You also agree not
to criticize the Company or any of its officers, directors, employees,
shareholders, affiliates or agents.

You agree that the
Company would be irreparably harmed by any actual or threatened violation of
the Employee Covenants described in this section, and that the Company will be
entitled to an injunction prohibiting you from committing such violation.

7.                                      Tender
Back

You agree that in
the event of any breach of this Agreement, including but not limited to, your
bringing any claim against any Released Party, you will immediately repay all
or any portion of the payments made to you and the Company will have no
obligation to make any further payments to you under this Agreement, provided,
however, that these provisions do not apply to any claims brought pursuant to
the Age Discrimination in Employment Act or the Older Workers Benefit
Protection Act.

8.                                      Expenses

The Company will
reimburse you for all reasonable business expenses incurred through January 2,
2007, upon proper presentation of supporting documentation, provided that
appropriate expense reports have been submitted by January 2, 2007.  Effective January 2, 2007, the Company will
no longer pay for or reimburse you for any charges or fees incurred in
connection with your cellular phone. 
Should you decide to retain the cellular phone, you agree that all
expenses incurred in connection with the phone will be paid by you.

9.                                      Company
Property

You agree that all
Company property, including but not limited to, automobiles, credit cards,
keys, documents, software, computer data, records, or any other materials, will
be returned by January 2, 2007.

10.                               Non-Admission

You agree that this
Agreement is not an admission of guilt or wrongdoing by the Released
Parties, and acknowledge that the Released Parties do not believe or admit that
any of them has done anything wrong.

11.                               Cooperation

You shall cooperate fully and voluntarily
with the Company and with the Company’s counsel in connection with any past,
present or future, actual or threatened, litigation, claims, investigations,
hearings, actions, or administrative proceeding involving the Company that
relate to events, occurrences or conduct occurring (or claimed to have
occurred) during the period of your employment by the Company.  This cooperation by you shall include, but
not be limited to, (i) being reasonably available for interviews and
discussions with the Company’s counsel as well as for depositions and trial
testimony;  

 5
 

 

(ii) if depositions or trial testimony are to
occur, being reasonably available and cooperating in the preparation therefore
as and to the extent that the Company or its counsel request; (iii) refraining
from impeding in any way the Company’s prosecution or defense of any such
litigation, claims, investigations, hearings, actions, or administrative
proceeding; (iv) cooperating fully in the development and presentation of
prosecution or defense of any such litigation, claims, investigations,
hearings, actions, or administrative proceeding;  (v) providing, on a timely basis, advice and
consultations as reasonably requested by the Company; (vi) attending
depositions (whether or not you are deposed), hearings, investigations, trials
or arbitrations, assisting in response to discovery requests, meeting with
counsel for the Company, and providing written statements and/or affidavits,
all as requested by the Company’s General Counsel, or his designee; and (vii)
promptly notifying the Company’s General Counsel or his designee, if you are
contacted by any party, third party or by counsel or a representative
representing parties with respect to claims or litigation adverse to the
Company, and avoiding discussions with or otherwise providing information to
such party, third party, counsel or representative prior to discussions with
General Counsel, or his designee, or his representatives, and then only in the
presence of the Company’s representatives (unless otherwise required by court
order).

You agree to provide, on a timely basis,
advice and consultation upon the reasonable request of the Company’s senior
management team with respect to business, operational, financial, personnel and
other matters relating to the period of your employment by the Company.

You shall be
reimbursed by the Company for reasonable travel, lodging, telephone and similar
expenses incurred in connection with such cooperation except to the extent that
such reimbursement may be prohibited, or may jeopardize the Company’s legal
interests, as determined by the Company.

12.                               Full
Disclosure of Claims

You represent and affirm that (i) you have
not filed or caused to be filed on your behalf any claim for relief against the
Company or any Released Parties and, to the best of your knowledge and belief,
no outstanding claims for relief have been filed or asserted against the Company
or any Released Parties on your behalf; and (ii) you have not reported any
purported improper, unethical or illegal conduct or activities to any
supervisor, manager, department head, Human Resources representative, agent or
other representative of the Company, to any member of the Company’s legal
department, and have no knowledge of any such improper, unethical, or illegal
conduct or activities and have disclosed to the Company any information you
might have had concerning any conduct involving the Company that you had reason
to believe may be unlawful or involve any false claims to the United States or
any other government having jurisdiction over the Company; and (iii) you will
not file, commence, prosecute or participate in any judicial or arbitral action
or proceeding against the Company or its representatives based upon or arising
out of any act, omission, transaction, occurrence, contract, claim or event
existing or occurring on or before the date of this Agreement except as
otherwise provided for in this Agreement. You agree that you will not
voluntarily aid or assist, either directly or indirectly, any 

 6
 

 

individual or entity in either the assertion
or pursuit of any private claim or prosecution of any private lawsuit, action,
arbitration or judicial or administrative proceeding, now existing or hereafter
arising, relating to any matters in which you were either involved or for which
you rendered services to the Company. 
Notwithstanding the above, nothing in this Agreement shall prohibit or
restrict you from: (i) making any disclosure of information required by law;
(ii) providing information to, or testifying or otherwise assisting in any
investigation or proceeding brought by any federal, state or local government
agency, law enforcement agency or legislative body, any self-regulatory
organization, or the Company’s legal department; (iii) cooperating with any
other U.S. government investigation; or (iv) testifying, participating in or
otherwise assisting in a proceeding relating to an alleged violation of
Sarbanes-Oxley Act or any federal, state or municipal law relating to fraud or
any rule or regulation of the Securities and Exchange Commission or any
self-regulatory organization.

13.                               Testimony
and Production of Documents

Nothing in Paragraphs 11 and 12 herein shall
give the Company the right to control or dictate the content of any testimony
given by you, it being understood that you would be required to testify
truthfully.  Moreover, nothing in this
section shall give the Company the right to control or dictate any documents
required to be produced by you pursuant to court order and by doing so, you
will not be deemed to have violated any provision of this Agreement.

14.                               Action
on Behalf of Employer

You shall not take any action on behalf of the Company except as
expressly required by the Company’s General Counsel, or his designee.

15.                               Joint
Representation

In
the event you are named in a lawsuit arising out of any alleged acts or
omissions committed by the Company or by you within the scope of your
employment with the Company, the Company at the Company’s cost will agree to
provide you with representation either jointly, provided you execute a separate
agreement in a form to be provided by the Company, or separately.  In either event, counsel for you shall be
selected by the Company in its sole discretion. 
In the event the Company determines at any point in the matter that
there exists a conflict of interest or if representation of you jeopardizes the
Company’s interests, then the Company may, in its sole discretion, decline to
provide or continue any such representation.

16.                               Indemnification
and Insurance

The Company shall continue to indemnify you and
provide applicable directors’ and officers’ liability insurance coverage
(including, where required, legal defense) for actions prior to the Effective
Date to the same extent it indemnifies and provides liability insurance
coverage to officers and directors and former officers and directors of the
Company.

 7
 

 

17.                               Review
Period

You acknowledge
that, before signing this Agreement, you were given a period of at least 21
calendar days to consider this Agreement. 
If the 21-day period has not elapsed at the time you sign this
Agreement, you acknowledge that you have knowingly and voluntarily chosen to
sign this Agreement before the expiration of that period.  You acknowledge that (a) you took advantage
of this period to consider this Agreement before signing it; (b) you carefully
read this Agreement; (c) you fully understand it; and (d) you are signing it
voluntarily.  You further acknowledge
that the Company encouraged you to discuss this Agreement with your attorney
(at your own expense) before signing it and that you did so to the extent you
deemed necessary.

18.                               Revocation
of Agreement

You
understand that you may revoke this Agreement in writing within seven (7)
calendar days after you sign it, and the Agreement shall not become effective
or enforceable until the end of the seven-day period.  To be effective, your written revocation must
be submitted, in writing, and state “I hereby revoke acceptance of our
Separation Agreement and General Release.” 
The revocation must be personally delivered to Douglas Hardy, or mailed
to him at 13515 Ballantyne Corporate Place, Charlotte North Carolina 28277 and
postmarked within seven (7) calendar days of execution of this Agreement.  This Agreement shall not become effective or
enforceable until the revocation period has expired.  If the last day of the revocation period is a
Saturday, Sunday, or legal holiday in the state where you reside, then the
revocation period shall not expire until the next following day that is not a
Saturday, Sunday, or legal holiday.  If
you revoke this Agreement, the Company shall have no obligations under this
Agreement.

19.                               Miscellaneous

This
is the entire agreement between you and the Company.  This Agreement may not be modified in any
manner except in writing signed by both you and an authorized Company
official.  You acknowledge that the
Company has made no representations or promises to you other than those in this
Agreement.  Should any provision of this
Agreement be declared illegal or unenforceable by any court of competent
jurisdiction or by any arbitrator and cannot be modified to be enforceable,
such provision shall immediately become null and void, leaving the remainder of
the Agreement in full force and effect. 
Notwithstanding this provision, however, the parties agree that the
general release language of Paragraph 4 cannot be modified by any court or by
any arbitrator and shall remain in full force and effect.

This
Agreement binds your heirs, administrators, personal representatives,
executors, successors and assigns, and will apply to the benefit of all
Released Parties and their respective heirs, administrators, personal representatives,
executors, successors and assigns.

 8
 

 

This
Agreement shall be construed as a whole according to its fair meaning.  It shall not be construed strictly for or
against you or any Released Party.  This
Agreement shall be governed by the statutes and common law of the State of
North Carolina, without regard to that state’s rules regarding conflict of
laws.

YOU HAVE BEEN ADVISED THAT YOU HAVE UP TO TWENTY-ONE
(21) CALENDAR DAYS TO REVIEW THIS SEPARATION AGREEMENT AND GENERAL RELEASE AND
HAVE BEEN ADVISED THAT YOU HAVE THE RIGHT TO CONSULT WITH AN ATTORNEY PRIOR TO
EXECUTION OF THIS SEPARATION AGREEMENT AND GENERAL RELEASE. YOU AGREE THAT ANY
MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND GENERAL
RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE (21)
CALENDAR DAY CONSIDERATION PERIOD.

HAVING
ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO FULFILL THE PROMISES
AND TO RECEIVE THE SUMS AND BENEFITS IN PARAGRAPHS 2 AND 3 ABOVE, YOU FREELY
AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTER INTO THIS SEPARATION
AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS
YOU HAVE OR MIGHT HAVE AGAINST THE COMPANY.

 

	
  ACCEPTED AND AGREED TO:

  	
   

  	
  SPX CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/ Thomas J. Riordan 

  	
   

  	
  /s/ Kevin L. Lilly 

  
	
  Thomas J. Riordan 

  	
   

  	
  Kevin L. Lilly 

  
	
  

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  November 10, 2006

  	
   

  	
  Date:

  	
  November 10, 2006

  

 

 9

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