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Exhibit 10.19
 

CONTINENTAL AIRLINES, INC.
 
Non-Employee Director Compensation Summary

Effective February 17, 2010, members of our board of directors who are not
full-time employees of Continental Airlines, Inc. receive the following
compensation:
 
·  
$25,000 per year, plus an additional annual fee of:

§  
$40,000 for the chairperson of the Audit Committee;

§  
$20,000 for the chairperson of the Corporate Governance Committee and Human
Resources Committee;

§  
$25,000 for members of the Audit Committee (other than the chairperson);

§  
$15,000 for members of the Human Resources Committee (other than members who
receive an additional fee for service as the chairperson of a committee);

§  
$20,000 for the lead independent director;

·  
$1,400 ($2,100 for the chairperson) for each board and committee meeting
physically attended (other than an Audit Committee meeting);

·  
$2,000 ($3,000 for the chairperson) for each Audit Committee meeting physically
attended;

·  
$700 for each board meeting attended by telephone;

·  
$350 for each committee meeting attended by telephone ($500 for each Audit
Committee meeting attended by telephone);

·  
restricted stock in an amount equal to $50,000, valued based on the closing
price per share of the company’s common stock on the trading date preceding the
date of grant, awarded following each annual stockholders meeting and upon
election to the board if the member is first elected to the board other than at
an annual stockholders meeting, with the restrictions on such shares to lapse on
the one year anniversary of the grant date (subject to acceleration of the
vesting in limited circumstances);

·  
lifetime flight benefits, comprised of space-available personal and family
flight passes, a travel card permitting positive space travel by the director,
the director’s family and certain other individuals (which is taxable to the
director, subject to reimbursement of certain of such taxes by the company only
during the period of such director’s service on our board, unless such director
had an existing contractual right to such reimbursements as of May 26, 2009),
frequent flyer cards, airport lounge cards and airport parking where available
to Continental at no incremental cost;

·  
limited flight benefits for the surviving spouse for ten years following a
director’s death; and

·  
$2,500 as compensation for time spent on orientation matters in connection with
a director’s first election to the Board of Directors or the director’s
appointment to a committee of the Board on which he or she has not recently
served.

In addition, non-employee directors who conduct Continental business in their
capacities as directors on Continental’s behalf at the request of the board or
the Chairman of the Board are paid (i) for telephone participation in board and
committee meetings as if they were physically present, if their conducting that
business makes it impractical for them to attend the meeting in person, and
(ii) $3,000 per day spent outside the United States while conducting that
business.
 
All directors, including those who are full-time employees who serve as
directors, receive reimbursement of expenses incurred in attending meetings.
Directors also receive travel privileges on some other airlines through
arrangements entered into between Continental and such airlines.