Addendum to Non-Qualified Stock Option Agreement between UAL Corporation and Peter D. McDonald (February 27, 2002)
This addendum is an agreement between UAL Corporation and Peter D. McDonald that modifies a previous non-qualified stock option agreement dated February 27, 2002. Under this addendum, the number of stock options originally granted to Mr. McDonald is reduced from 82,650 shares to zero. Both parties have agreed to this change, which is effective as of the original grant date.
Addendum to Non-qualified Stock Option Agreement Dated February 27, 2002
Pursuant to Section 13 of the agreement between UAL Corporation (the "Company") and Peter D. McDonald (the "Employee) dated February 27, 2002 regarding the grant of a non-qualified 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 Eighty-Two Thousand Six Hundred Fifty (82,650) 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 |
