Amendment to Non-Employee Director Compensation for Continental Airlines, Inc.
Continental Airlines, Inc. has amended its compensation policy for non-employee directors, effective September 6, 2006. Under this amendment, board members who are not full-time employees will receive a $2,500 payment for time spent on orientation when they are first elected to the Board or appointed to a committee they have not recently served on. This change is intended to compensate non-employee directors for their initial orientation efforts.
EXHIBIT 10.2
Amendment to Non-Employee Director Compensation
The Board of Directors of Continental Airlines, Inc. adopted a resolution amending the company's compensation arrangements with respect to its non-employee directors effective September 6, 2006. The amendment provides that members of our Board of Directors who are not full-time employees of Continental Airlines, Inc. will receive $2,500 to compensate them for their time spent on orientation matters in connection with their first election to the Board of Directors or their appointment to a committee of the Board on which they have not recently served.
