Addendum to Non-Qualified Stock Option Agreement between UAL Corporation and Frederic F. Brace (March 1, 2002)
This addendum modifies a previous stock option agreement between UAL Corporation and Frederic F. Brace, originally dated March 1, 2002. It reduces the number of shares granted to Mr. Brace under the company's 2000 Incentive Stock Plan from 125,000 to 49,600. All other terms of the original agreement remain unchanged. The addendum is signed by both parties and is effective as of the original grant date.
Addendum to Non-qualified Stock Option Agreement Dated March 1, 2002
Pursuant to Section 13 of the agreement between UAL Corporation (the "Company") and Frederic F. Brace (the "Employee) dated March 1, 2002 regarding the grant of a nonqualified stock option under the 2000 Incentive Stock Plan of UAL Corporation (the "Agreement"), effective as of the date of grant, the number of shares granted under the Agreement is reduced from One Hundred Twenty-Five Thousand (125,000) shares to Forty-Nine Thousand Six Hundred (49,600) shares.
| UAL CORPORATION |
| By /s/ Glenn F. Tilton |
| Chairman, President and |
| Chief Executive Officer |
| ACCEPTED: |
| /s/ Frederic F. Brace |
| Frederic F. Brace |
