Document:

Form of Long-Term Relative Performace Award Notice

 Exhibit 10.45 
 LONG-TERM RELATIVE PERFORMANCE AWARD NOTICE 
 to [Name] 

Pursuant to the United Continental Holdings, Inc. 
 Long-Term Relative Performance Program 
 Performance Period
January 1, 20[    ] to December 31, 20[    ] 
 1. The Program. This document constitutes your formal Award Notice with respect to an Award as a Participant under the United Continental Holdings, Inc. Long-Term Relative Performance Program (as
amended from time to time, the “Program”) adopted under the United Continental Holdings, Inc. Incentive Plan 2010 (as amended from time to time, the “Incentive Plan 2010”). This Award Notice evidences your receipt
of an Award under the Program with respect to the Performance Period commencing on January 1, 20[    ] and ending on December 31, 20[    ] (the “Performance Period”),
subject to the terms of the Program and the Incentive Plan 2010. The effective date of your commencement in the Program with respect to this Award is [            ,
20    ]. 
 2. The Goal. The Compensation Committee of the Board of Directors
of the Company (the “Committee”) has established a Performance Target for purposes of Awards under the Program. 
 (a) Performance Target. The Performance Target means the minimum level of Pre-tax Margin that must be achieved by the Company for the Performance Period in order for you to receive a Payment
Amount. Achievement of the Performance Target for the Performance Period means that the Pre-tax Margin with respect to the Performance Period equals or exceeds the Entry Pre-tax Margin for the Performance Period. The entry, target, and stretch
levels are as follows: 
 i. Entry Pre-tax Margin (which is more specifically defined in the
Program) generally means the percentage determined by dividing the cumulative Pre-tax Income of all companies in the Industry Group (currently
[                    ]) for the Performance Period by all such companies’ cumulative revenues over such period [[plus]
[minus]          Basis Points]; 
 ii.
Target Pre-tax Margin is equal to Entry Pre-tax Margin plus          Basis Points; and 
 iii. Stretch Pre-tax Margin is equal to Target Pre-tax Margin plus          Basis Points. 

(b) Change of Control. If a Change of Control occurs during the Performance Period, then the
Company’s Pre-tax Margin for the Performance Period will be deemed to equal the Entry Pre-tax Margin plus          Basis Points. 

3. Payout upon Achievement of Goal. If the Company’s Pre-tax Margin for the Performance Period equals or
exceeds the Entry Pre-tax Margin for the Performance Period and you have remained continuously employed by the Company or a subsidiary through the 

 
end of the Performance Period, then the Payment Amount with respect to this Award will be an amount equal to (A) your Payout Percentage times (B) your Base Amount. Your Payout
Percentage and Base Amount will be determined under the Program. As of the date of this Award, your Payout Percentage and Base Amount are as follows: 

(a) Payout Percentage. Your Payout Percentage is equal to     %
(representing the Entry Level LTIP Percentage), plus (1) an additional     % for each Basis Point by which the Company’s Pre-tax Margin with respect to the Performance Period exceeds the Entry Pre-tax
Margin with respect to the Performance Period, up to and including the Target Pre-tax Margin (representing a Target Level LTIP Percentage of     %), and (2) an additional     % for each
Basis Point by which the Company’s Pre-tax Margin with respect to the Performance Period exceeds the Target Pre-tax Margin with respect to such period, up to and including the Stretch Pre-tax Margin (representing a Stretch Level LTIP Percentage
of     %). 
 (b) Base Amount. Your Base Amount is equal
to $            . 
 4. Continuous
Employment Required. Receipt of a Payment Amount is conditioned on your continuous employment with the Company or its subsidiaries through the last day of the Performance Period (with limited exceptions, as described in the Program). 

5. Pro-Rated Payment. Your Payment Amount may be prorated as provided in the Program under certain circumstances.

 6. Negative Discretion. In general, and subject to limited exceptions (as described in the Program),
the Committee will have the right to reduce or eliminate the Payment Amount that would otherwise be payable for the Performance Period if the Committee determines in its discretion that such reduction or elimination is appropriate and
in the best interest of the Company based on the Company’s unrestricted cash, cash equivalents, and short term investments and cash readily accessible under the Company’s unused lines of credit as of the end of the Performance Period;
provided, however, that any such reduction or elimination shall apply in a uniform and nondiscriminatory manner to all Participants who are otherwise entitled to receive a Payment Amount with respect to the Performance Period. 

7. Program and Incentive Plan 2010 Control. Capitalized terms used in this Award Notice are defined in the
Program. The Program and the Incentive Plan 2010 are hereby incorporated into this Award Notice by reference. All statements in this Award Notice are qualified in their entirety by reference to the Program and the Incentive Plan 2010. If you have
any questions, or wish to obtain a copy of the Program or the Incentive Plan 2010, please contact                     . 

  
 2Description of Benefits for Board of Directors

 Exhibit 10.46 
 Description of Compensation and Benefits for Directors 
 Cash Compensation of
Non-employee Directors. Active non-employee directors elected by the holders of the Company Common Stock receive the following cash and equity compensation: (i) annual cash retainer of $80,000; (ii) annual equity grant of $80,000 of
Restricted Stock Units; (ii) Chair of the Audit Committee receives $20,000 per year and members receive $10,000 per year; (iii) Chair of the Compensation, Executive, Finance, and Nominating/Governance Committees receive $15,000 per year
and members receive $7,500 per year; and (iv) Co-Chairs of the Public Responsibility Committee receive $10,000 per year and members receive $5,000 per year. 
 Travel Benefits for Directors. 
 UATP Travel Card. Each director will receive
a UATP Travel Card to be used for leisure travel on the Continental and United systems. The annual travel limit of the UATP card is currently $40,000. 
 Space Available Travel. In addition to the UATP Travel Card, each director and his or her eligible family members will receive space available flight passes (which shall be the highest
priority space available flight passes).
 Tax Gross Up. Each director will be entitled to an annual tax gross-up payment for
travel of up to $27,500 (subject to annual adjustment). The gross-up is intended to reimburse a director for taxes incurred as a result of including the leisure travel benefits in his or her income.

Club Membership. Each director and a director’s spouse or qualified domestic partner will receive a membership in the Continental
Presidents Club and United Red Carpet Club (or any successor program). 
 Frequent Flyer Status. Each director and a
director’s spouse or qualified domestic partner will receive Presidential Platinum Elite OnePass Cards and 1K Global Services Status (or similar cards valid on both United and Continental). 

Lifetime Benefits. A director who (i) served as a member of the Board on October 1, 2010 or (ii) becomes a member of the
Board following October 1, 2010 and attains at least five consecutive years of service, shall be eligible to receive, along with his or her spouse or qualified domestic partner, a UATP Travel Card, club membership and frequent flyer status for
his or her lifetime. Directors who were eligible to receive reimbursement for taxes incurred on post-separation flight benefits pursuant to a similar policy with UAL Corporation or Continental Airlines, Inc. prior to the merger will also receive tax
gross-up payments for the lifetime of director.
 Survivorship Benefits. Non-employee directors elected by the holders of the
Company Common Stock who served as a member of the Board on October 1, 2010 will have certain survivorship benefits, which are also available to such director’s surviving spouse or qualified domestic partner and children. The
survivorship benefits shall include an annual survivor travel limit granted annually on January 1 of each calendar year during the ten calendar year period beginning January 1st of the calendar year following the director’s death and
ending on December 31st of the year of the tenth anniversary of the non-employee director’s death (such annual survivor benefit amount to be a travel limit of $10,000). 
 Charitable Tickets. Each active non-employee director elected by the holders of the Company Common Stock will receive 10 round-trip tickets annually to donate to qualified charities.

 Charitable Contribution Matching Program. The Company will provide support to nonprofit organizations to which an active director
makes a personal commitment in the amount of $20,000 per year. In the case of each ALPA and IAM director, the Company will provide support to organizations to which the director or their respective union contributes up to $20,000 per year in the
aggregate. 

 Directors’ and Officers’ Liability Insurance and Indemnification. The Company has a policy
which provides liability insurance for directors and officers of United Continental Holdings, Inc. and its subsidiaries. The Company also provides indemnification for directors as set forth in the Restated Certificate of Incorporation of United
Continental Holdings, Inc..Letter Agreement - Glenn F. Tilton

 Exhibit 10.52 
 October 1, 2010 
 Mr. Glenn F. Tilton 

Chairman, President and Chief Executive Officer 

UAL Corporation 
 77 W. Wacker Drive 

Chicago, IL 60601 
 Dear Glenn: 

As you know, UAL Corporation, a Delaware corporation (“UAL”), Continental Airlines, Inc., a Delaware corporation
(“Continental”) and JT Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of UAL (“Merger Sub”), have entered into an Agreement and Plan of Merger, dated as of May 2, 2010 (the “Merger
Agreement”), pursuant to which Merger Sub will be merged with and into Continental (the “Merger”) and, as a result of which, Continental will become a wholly owned subsidiary of UAL (which will be renamed United Continental
Holdings, Inc. (“United Continental”)) upon the effective time of the Merger (the “Effective Time”). Upon the Effective Time, you will cease to be the Chief Executive Officer of UAL and United Airlines, Inc.
(“UA”, and UAL and UA sometimes collectively referred to as “United”) and the President of UAL, you will retire from United, and you will become non-executive chairman (“Chairman”) of the Board of
Directors of United Continental (the “United Continental Board”). It is anticipated that you will serve as Chairman of the United Continental Board until the later of (a) the second anniversary of the Effective Time and
(b) December 31, 2012 (the later of such dates, the “Chairman Retirement Date”). 
 This letter
agreement (this “Letter Agreement”) sets forth the terms of your compensation as Chairman of the United Continental Board. It is hereby agreed by United and you as follows: 

1. Standard Non-Employee Director Compensation. While serving as Chairman, you will receive the same compensation paid to other
non-employee directors of the United Continental Board. 
 2. Additional Annual Cash Retainer. Until the Chairman
Retirement Date (or such earlier date on which your service as Chairman terminates), you will receive an additional annual cash retainer of $600,000, payable pursuant to the same schedule as the regular annual cash retainer paid to other
non-employee directors of the United Continental Board. 
 3. Additional Annual Equity Retainer. At or promptly following
the first meeting of the United Continental Board that occurs following the Effective Time, you will receive an additional equity retainer of restricted stock units of United Continental common stock (“RSUs”) with a grant date value
of $150,000 pursuant to the 2006 

 
Director Equity Incentive Plan, as amended (or any successor plan thereto) (the “DEIP”). At or promptly following the first meeting of the United Continental Board that occurs
following the first anniversary of the Effective Time, provided that your service as Chairman has not terminated, you will receive an additional equity retainer of RSUs with a grant date value of $150,000 pursuant to the DEIP. The number of RSUs
that you will receive on each grant date will equal the quotient of (A) $150,000 and (B) the closing price of United Continental common stock on the New York Stock Exchange on the applicable grant date (rounded down to the nearest whole
number). The RSUs will vest upon the earliest of (a) the first anniversary of the applicable grant date, (b) the Chairman Retirement Date, (c) termination of your service as Chairman due to your death, Disability or removal without
Cause (including, without limitation, as a result of your failure to be re-elected to the United Continental Board by United Continental’s stockholders), (“Disability” and “Cause”, each as defined in the
Employment Agreement (as defined in Section 15 below)) and (d) your retirement as Chairman with the consent of the United Continental Board (each such termination in the foregoing clauses (c) and (d), a “Qualifying Chairman
Termination”). For the avoidance of doubt, in the event that your service as Chairman terminates prior to the Chairman Retirement Date for any reason other than a Qualifying Chairman Termination, you will immediately forfeit any unvested
RSUs and will have no further rights with respect thereto. 
 4. Travel Privileges. While serving as Chairman, you will
receive the same travel privileges provided to other non-employee directors of the United Continental Board. Upon termination of your service on the United Continental Board, you will receive the same travel privileges provided to other non-employee
directors who retire from the United Continental Board following the Effective Time. 
 5. Company Car and Driver. Until
the Chairman Retirement Date (or such earlier date on which your service as Chairman terminates), you will be provided with the use of a car and driver for both business and personal use at a level consistent with the level provided to you by United
immediately prior to the Effective Time. 
 6. Office Space and Administrative Support. Until the Chairman Retirement
Date (or such earlier date on which your service as Chairman terminates) and for a period of ten years thereafter, you will be provided with (a) office space at 77 W. Wacker Drive, 40th floor, Chicago, IL or at such other location as may be
agreed to by you and United Continental from time to time and (b) full-time administrative support. 
 7. Reimbursement
of Professional Fees. United Continental will pay on your behalf all bills rendered to you by your attorneys in connection with the negotiation and execution of this Letter Agreement; provided, however, that the amount of
professional fees payable hereunder will not exceed $15,000. 
 8. Governing Law. This Letter Agreement will be governed
by the laws of the State of Illinois, without regard to conflicts of laws principles. 

 9. Amendment. No provision of this Letter Agreement may be amended, modified, waived
or discharged except by a written document signed by you and a duly authorized officer of United Continental. 
 10. Dispute
Resolution. Any dispute arising out of or relating to this Letter Agreement will be settled in accordance with the dispute resolution provisions set forth in Section 10(h) of the Employment Agreement. 

11. Tax Matters. To the extent consistent with applicable law, United Continental will not withhold or deduct from any amounts
payable under this Letter Agreement any amount or amounts in respect of income taxes or other employment taxes of any other nature on your behalf. You will be solely responsible for the payment of any federal, state, local or other income and/or
self-employment taxes in respect of the amounts payable to you under this Letter Agreement. 
 12. Successors and Assigns.
This Letter Agreement is personal to you and may not be assigned or delegated by you or transferred in any manner whatsoever, nor are such obligations subject to involuntary alienation, assignment or transfer. This Letter Agreement will inure to
the benefit of and be enforceable by your legal representatives. This Letter Agreement is binding on and inures to the benefit of United Continental’s successors and assigns. As used in this Letter Agreement, the term “United
Continental” includes any successor to United Continental’s business and/or assets that assumes and agrees to perform this Letter Agreement by operation of law or otherwise. 

13. Construction. Whenever possible, each provision of this Letter Agreement will be interpreted so that it is valid under
applicable law. If any provision of this Letter Agreement is to an extent declared invalid by a court of competent jurisdiction under the applicable law, that provision will remain effective to the extent not declared invalid. The remainder of this
Letter Agreement will also continue to be valid to the extent it is consistent with the essential intent and principles of this Letter Agreement, and the entire Letter Agreement will continue to be valid in other jurisdictions. 

14. Entire Agreement. This Letter Agreement embodies the entire agreement and understanding of the parties hereto in respect of
the matters specifically contemplated by this Letter Agreement. This Letter Agreement will be effective immediately upon execution by each party hereto, provided that if the Effective Time does not occur, this Letter Agreement will be null and void
with effect as of the date that the Merger Agreement terminates and none of you, United or United Continental will have any further obligations hereunder. 
 15. Effect of Letter Agreement on the Employment Agreement. This Letter Agreement will not by implication or otherwise limit, impair, reduce, eliminate or constitute a waiver of, or otherwise
affect the rights and remedies of, any party to the employment agreement between you and United dated as of September 5, 2002 and amended as of December 8, 2002 by Amendment No. 1, February 17, 2003 by Amendment
No. 2, September 29, 2006 by Amendment No. 3, September 25, 2008 by 

 
Amendment No. 4 and June 21, 2010 by Amendment No. 5 ( the “Employment Agreement”), and will not alter, modify, amend or in any way affect any of the terms,
conditions, obligations and covenants or agreements contained in the Employment Agreement, all of which will continue in full force and effect. 
 16. Notices. All notices and other communications under this Letter Agreement will be made in writing and all such notices and communications will be deemed to have been duly given when delivered
or (unless otherwise specified) mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	If to United Continental:	  	United Continental Holdings, Inc.
		  	77 W. Wacker Drive
		  	Chicago, Illinois 60601
		  	Attn: Executive Vice President & General Counsel
		  	Fax: (312) 997-8180
		
	If to you:	  	At your address most recently on file with United Continental

 or to such other address as you or United Continental may have furnished to the other in writing in accordance herewith, except that notices of change of address will be effective only upon receipt.

 17. Miscellaneous. This Letter Agreement may be executed in several counterparts, each of which will be deemed to be
an original, but all of which together will constitute one and the same Letter Agreement. The captions used in connection with the Sections of this Letter Agreement are inserted only for the purpose of reference and such captions will not be deemed
to govern, limit, modify or in any other manner affect the scope, meaning or intent of the provisions of this Letter Agreement or any part thereof, nor will such captions otherwise be given any legal effect. 

[Remainder of this page is intentionally blank] 

 If the foregoing correctly sets forth your understanding, please indicate your acceptance of
the terms hereof by signing in the appropriate space provided below and returning to United the enclosed duplicate originals of this Letter Agreement. 
  

											
		 		 	Very truly yours,
			
	ACCEPTED AND AGREED AS OF THE DATE FIRST ABOVE WRITTEN:	 		 	UAL CORPORATION,
						
		 		 		 	by	 		 	
					
	   /s/ Glenn F. Tilton
	 		 		 		 	   /s/ Thomas J. Sabatino Jr.

	  Glenn F. Tilton	 		 		 		 	  Name:	 	Thomas J. Sabatino, Jr.
		 		 		 		 	  Title:	 	Senior Vice President,
		 		 		 		 		 	 General Counsel &

Corporate Secretary

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