Addendum to Restricted Stock Agreement between UAL Corporation and Peter D. McDonald (October 24, 2002)
UAL Corporation and Peter D. McDonald have agreed to amend their Restricted Stock Agreement dated October 24, 2002. This addendum reduces the number of restricted shares granted to Mr. McDonald from 25,000 to zero, effectively canceling the original stock grant. The change is made under the terms of the 2002 Share Incentive Plan and is effective as of the original grant date. Both parties have signed to confirm their acceptance of this amendment.
Addendum to Restricted Stock Agreement Dated October 24, 2002
Pursuant to Section 11 of the agreement between UAL Corporation (the "Company") and Peter D. McDonald (the "Employee) dated October 24, 2002 regarding the grant of restricted stock under the 2002 Share Incentive Plan of UAL Corporation (the "Agreement"), effective as of the date of grant, the number of shares granted under the Agreement is reduced from Twenty-Five Thousand (25,000) shares to zero (0) shares.
| UAL CORPORATION |
| By /s/ Glenn F. Tilton |
| Chairman, President and |
| Chief Executive Officer |
| ACCEPTED: |
| /s/ Peter D. McDonald |
| Peter D. McDonald |
