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Exhibit 10.24  

FRONTIER AIRLINES, INC.

2004 EQUITY INCENTIVE PLAN  

 
  INCENTIVE STOCK OPTION AGREEMENT    
    

        THIS INCENTIVE STOCK OPTION AGREEMENT is made as of this            day
of                        , 200    
(the "Grant Date"), between Frontier Airlines, Inc., a Colorado corporation (together with any affiliate, the "Company"),
and                        (the "Option Holder"). 

        1.    Grant of Option.    Pursuant to the Frontier
Airlines, Inc. 2004 Equity Incentive Plan (the "Plan") and subject to the terms and conditions of this Agreement, the Company hereby grants to the Option Holder an incentive stock option (the
"Option") to purchase                        (            ) shares of
the common stock of the Company (the "Stock") at an exercise price per share of $            (the "Option Price"). The Option is
effective as of the Grant Date. The Option is intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). 

        2.    Requirements for Exercise; Vesting.    Except as provided
otherwise in this Agreement, the Option shall not become exercisable until the Option Holder has completed one full year of continuous employment after the Grant Date. Thereafter, the Option shall
become vested and exercisable in increments, in accordance with the following schedule, so long as the Option Holder has remained in the continuous employment of the Company from the Grant Date until
the Vesting Date: 

	Employment Vesting Date
 
	 	Percentage of Option That Becomes

Vested and Exercisable on Each Date

	First Anniversary of Grant Date	 	20%
	Second Anniversary of Grant Date	 	an additional 20%
	Third Anniversary of Grant Date	 	an additional 20%
	Fourth Anniversary of Grant Date	 	an additional 20%
	Fifth Anniversary of Grant Date	 	an additional 20%

        Except
as set forth in Section 4 and Section 5 of this Agreement, the Option shall not be exercisable as to any shares of Stock as to which the vesting requirements of this
Section 2 have not be satisfied, regardless of the circumstances under which the Option Holder's employment by the Company shall be terminated. The number of shares of Stock as to which the
Option may be exercised shall be cumulative, so that once the Option shall become vested and exercisable as to any shares of Stock it shall continue to be vested and exercisable as to such shares,
until expiration or termination of the Option as provided in Section 4 or Section 5 hereof. If at any time the number of shares of Stock that are covered by the vested and exercisable
portion of the Option includes a fractional share, the number of shares of Stock as to which the Option shall be actually vested and exercisable shall be rounded down to the next whole share of Stock. 

        3.    Method for Exercising the Option.    The Option may be exercised
only by delivery of written notice of exercise in person or through certified or registered mail, fax or overnight delivery to the Company at the following address: Frontier Airlines, Inc.,
Attention: Corporate Secretary, 7001 Tower Road, Denver, Colorado 80249, or such other address as shall be furnished in writing to the Option Holder by the Company, and payment of the Option Price in
full as described below. Such written notice shall specify that the Option is being exercised and the number of shares of Stock with respect to which the Option is exercised. 

        Payment
of the Option Price for the Stock in full, together with any taxes, must be made within 30 days of the delivery of the notice of exercise (i) by certified or
cashier's check payable to the Company's order, or (ii) by wire transfer to such account as may be specified by the Company for this purpose. Payment may be made by the Option Holder or by a
broker who is assisting the Option Holder with the exercise of the Option.

 

        The
purchase of such Stock shall take place at the address of the Company and be effective upon delivery of the notice of exercise and payment of the Option Price for the Stock in full
together with any applicable taxes. At the time of purchase, a properly executed certificate or certificates representing the Stock so purchased shall be issued by the Company and delivered to the
Option Holder or a broker designee as instructed by the Option Holder. 

        The
Company intends to register the shares of Stock subject to this Option and this Option on a Form S-8 Registration Statement (or any successor or replacement Form).
Notwithstanding such registration, the Company may require the Option Holder, as a condition of exercise of this Option, to give written assurance in substance and form satisfactory to the Company and
its counsel to the effect that the Option Holder is acquiring the Stock for his own account for investment and not with any present intention of selling or otherwise distributing the same, and to such
other effects as the Company deems necessary or appropriate in order to comply with federal and state securities laws. Legends evidencing such restrictions may be placed on the Stock certificates. 

        4.    Adjustment of and Changes in the Common Stock.    The Option
shall be adjusted as provided in Section 11 of the Plan; provided, that no adjustment shall be contrary to Code section 409A or shall be effected in a manner that would subject the
Option Holder to taxes and penalties under Code section 409A. 

        5.    Expiration and Termination of the Option.    The Option shall
expire on the tenth (10th) anniversary of the Grant Date, (the period from the Grant Date to the expiration date is the "Option Period") or prior to such time as follows: 

        (a)    Termination for Cause.    If the Option Holder's employment by
the Company is terminated for "cause," as determined by the Company, within the Option Period, that portion of the Option that has not yet been exercised, whether or not vested, shall become void,
shall be forfeited and shall terminate immediately upon the termination of employment of the Option Holder. For this purpose, "cause" shall mean the commission of any act of fraud, embezzlement or
dishonesty by the Option Holder, any
unauthorized use of disclosure by the Option Holder of confidential information or trade secrets of the Company or any Affiliate, any other intentional misconduct by the Option Holder that adversely
affects the business or affairs of the Company or any Affiliate, or any other conduct that violates the Company's policies or procedures. 

        (b)    Termination Due to Disability.    If the Option Holder's
employment with the Company terminates by reason of Disability, the Option will become fully vested and exercisable on the date of such termination. The Option may be exercised by the Option Holder or
the Option Holder's representative until the earlier of (i) one year after the termination of employment or (ii) the end of the Option Period. For purposes of this Agreement,
"Disability" means the status granted to an Option Holder when the Option Holder suffers a physical or mental condition or illness that renders the Option Holder, even with attempts by the Company to
make reasonable accommodations, totally and permanently incapable of performing essential functions of his or her job at the Company. 

        (c)    Death.    If the Option Holder dies during the Option Period
while still employed by the Company, the Option shall become fully vested and exercisable on the date of the Option Holder's death if not otherwise fully vested and exercisable. The Option may be
exercised by the Option Holder's Beneficiary (described below) until the earlier of (i) the date that is one year after the date of death or (ii) the end of the Option Period. 

        (d)    Termination Due to Retirement.    If the Option Holder
terminates employment on account of Retirement and the Option is not then fully vested and exercisable, the Option shall be vested as to (1) the number of shares that were vested on the
anniversary of the

 
Grant Date immediately preceding the date of termination of employment plus (2) a pro rata portion of the number of additional shares that would have vested on the anniversary of the Grant Date
immediately following the date of termination of employment based on the ratio of (i) the number of days past from the prior anniversary of the Grant Date to (ii) the number
of days from the prior anniversary of the Grant Date to the next anniversary of the Grant Date. The vested portion of the Option may be exercised by the Option Holder until the earlier of
(i) three (3) months following the date of such termination of employment or (ii) the end of the Option Period. 

        (e)    Termination for Other Reasons.    If the Option Holder
terminates employment during the Option Period for any reason other than cause, Disability, death or Retirement, the portion of the Option vested on the date of termination may be exercised by the
Option Holder until the earlier of (i) three (3) months following the date of such termination of employment, or (ii) the end of the Option Period. 

        (f)    Designation of Beneficiary.    The Optionee may designate a
beneficiary by completing a beneficiary designation from approved by the Company and delivering the completed designation form to the Human Resources Department of the Company. The person who is the
Optionee's named beneficiary
at the time of his or her death (herein referred to as the "Beneficiary") shall be entitled to exercise the Option, to the extent it is exercisable, after the death of the Optionee within the time
limits set forth above. The Optionee may from time to time revoke or change his or her Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Human Resources
Department of the Company. The last such designation received by the Company will be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless
received by the Company prior the Optionee's death, and in no event shall any designation be effective as of a date prior to such receipt. If the Company is in doubt as to the right of any person to
exercise the Option, the Company may refuse to recognize such exercise, without liability for any interest or dividends thereon, until the Compensation Committee of the Company's Board of Directors
(the "Committee") determines the person entitled to exercise such Option, which determination shall be final and conclusive. 

        6.    Transferability.    The Option may not be transferred except by
will or pursuant to the laws of descent and distribution, and it shall be exercisable during the Option Holder's life only by him, or in the event of Disability or incapacity, by his guardian or legal
representative, and after his death, only by those entitled to do so under his will or the applicable laws of descent and distribution. Upon any attempt to transfer, assign, pledge, hypothecate or
otherwise dispose of the Option or any right or privilege granted hereunder, or upon the levy of any attachment or similar process upon the rights and privileges herein conferred, the Option and the
rights and privileges hereunder shall become immediately null and void. 

        7.    Limitation of Rights.    The Option Holder or his successor
shall have no rights as a stockholder with respect to the shares of Stock covered by this Option until the Option Holder or his successors become the holder of record of such shares. 

        8.    Withholding.    The issuance of Stock pursuant to the exercise
of this Option shall be subject to the requirement that the Option Holder shall make appropriate arrangements with the Company to provide for the amount of additional income and other tax withholding
applicable to the exercise of the Option.

 

        9.    Miscellaneous.    

        (a)    Notices.    Any notice required or permitted to be given under
this Agreement shall be in writing and shall be given by first class registered or certified mail, postage prepaid, or by personal delivery to the appropriate party, addressed: 

	(i)
	If to the Company, to Frontier Airlines, Inc., Attention: Corporate Secretary, 7001 Tower Road, Denver, Colorado
80249, or at such other address as may have been furnished to the Option Holder in writing by the Company; or

	(ii)
	If to the Option Holder, to the Option Holder at the address below the Option Holder's signature, or at such other
address as may have been furnished to the Company by the Option Holder. 

        Any
such notice shall be deemed to have been given as of the second day after deposit in the United States mails, postage prepaid, properly addressed as set forth above, in the case of
mailed notice, or as of the date delivered in the case of personal delivery. 

        (b)    Amendment.    Except as provided herein, this Agreement may not
be amended or otherwise modified unless evidenced in writing and signed by the Company and the Option Holder. Notwithstanding the foregoing, this Agreement may be amended in the sole discretion of the
Committee to make any changes that are necessary to comply with Section 409A of the Code and any guidance issued under Section 409A of the Code. Further provided that no amendment to
this Agreement, other than an amendment to comply with Section 409A of the Code, may adversely affect the rights of the Optionee without the Optionee's consent. 

        (c)    Defined Terms.    Capitalized terms shall have the meaning set
forth in the Plan or in this Agreement. 

        (d)    Compliance with Securities Laws.    This Agreement shall be
subject to the requirement that if at any time counsel to the Company shall determine that the listing, registration or qualification of the shares of Stock subject to the Option upon any securities
exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of such
shares thereunder, the Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions
acceptable to the Committee. Nothing herein shall be deemed to require the Company to apply for or obtain such listing, registration or qualification. 

        (e)    Construction; Severability.    The section headings
contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

        (f)    Waiver.    Any provision contained in this Agreement may be
waived, either generally or in any particular instance, by the Committee appointed under the Plan, but only to the extent permitted under the Plan. 

        (g)    Binding Effect.    This Agreement shall be binding upon and
inure to the benefit of the Company and the Option Holder and their respective heirs, executors, administrators, legal representatives, successors and assigns. 

        (h)    Rights to Employment.    Nothing contained in this Agreement
shall be construed as giving the Option Holder any right to be retained in the employ of the Company and this

 
Agreement is limited solely to governing the rights and obligations of the Option Holder with respect to the Stock and the Option. 

        (i)    Terms of Plan.    The terms and provisions of the Plan are
incorporated in this Agreement by reference. If there is a conflict or inconsistency between the terms and provisions of the Plan and the terms and provisions of this Agreement, the terms and
provisions of the Plan shall govern and control. The Option Holder hereby acknowledges that a copy of the Plan and the prospectus are available on the Company's internet site, that the Company has
undertaken to make a paper copy of the Plan and prospectus available at no charge, that he has reviewed the Plan and prospectus to the extent he deems necessary, and that he agrees to be bound by all
the terms and provisions thereof. 

        (j)    Governing Law.    This Agreement shall be governed by and
construed in accordance with the laws of the State of Colorado. 

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 

	 	FRONTIER AIRLINES, INC.
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	
 	

OPTION HOLDER
	

 	

	

 	

Printed Name:	

	

 	

Address:	

	

 	

 	

	

 	

 	

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Exhibit 10.25  

FRONTIER AIRLINES, INC.

2004 EQUITY INCENTIVE PLAN  

 
  STOCK UNIT AGREEMENT    
    

        THIS STOCK UNIT AGREEMENT is made as of the            day
of            , 200    (the "Grant
Date"), between Frontier Airlines, Inc., a Colorado corporation (together with any affiliate, the "Company"),
and                        (the "Grantee"). 

        1.    Definitions.    The following terms, when used in this
Agreement, shall have the following meanings: 

	(a)
	"Cause" means the commission of any act of fraud, embezzlement or dishonesty by the Grantee, any unauthorized
use or disclosure by the Grantee of any confidential information or trade secrets of the Company, any other intentional misconduct by the Grantee that adversely affects the business affairs of the
Company or any other conduct that violates the Company's policies or procedures.

	(b)
	"Code" means the Internal Revenue Code of 1986, as amended.

	(c)
	"Committee" means the Compensation Committee of the Board of Directors of the Company.

	(d)
	"Disability; Disabled" means the status granted to a Grantee when the Grantee suffers a physical or mental
condition or illness that renders the Grantee, even with attempts by the Company to make reasonable accommodations, totally and permanently incapable of performing the essential functions of his or
her job at the Company.

	(e)
	"Fair Market Value" means the closing price of the Stock on the principal exchange or market on which the Stock
is traded on the day as of which Fair Market Value is determined or, if the shares are not traded on that day, the next following trading day.

	(f)
	"Plan" means the Frontier Airlines 2004 Equity Incentive Plan.

	(g)
	"Retirement" means termination of employment with the Company after the Grantee has completed at least ten
(10) years of service with the Company, which need not be continuous, and if the sum of the Grantee's attained age on the date of termination of employment plus years of service equals
at least 65.

	(h)
	"Stock" means the Company's common stock, without par value. 

        2.    Grant of Units.    Pursuant to the Plan and subject to the terms
and conditions of this Agreement, the Company hereby grants to the Grantee            stock units ("Units") effective as of the Grant Date. Each Unit represents the right to receive one
share of
Stock at the time provided in this Agreement. 

        3.    Vesting.    

        (a)    General.    Except as provided otherwise in this Agreement, if
the Grantee has been employed by the Company continuously since the Grant Date, the Units shall vest on the fifth (5th) anniversary of the Grant Date. Except as provided otherwise in
this Agreement, vested Units shall be payable at the time provided in Section 4 below. 

        (b)    Death; Disability; Retirement.    If the Grantee terminates
employment with the Company on account of death, Disability or Retirement prior to the fifth (5th) anniversary of the Grant Date, a pro
rata portion of the Units shall become vested based on the ratio between (i) the number of days of employment completed from the Grant Date to the date of
termination of employment and (ii) 1826. The Units that become vested shall be payable at

 
the time provided in Section 4. Any Units that do not become vested pursuant to this subsection 3(b) shall be forfeited. 

        (c)    Termination for Cause.    If the Grantee's employment with the
Company is terminated for Cause, as determined by the Company in its sole discretion, all Units for which payment has not yet been made pursuant to Section 4, both vested and unvested, shall be
forfeited and no amount shall be payable with respect to any forfeited Unit. 

        (d)    Other Terminations.    If the Grantee terminates employment
with the Company for any reason other than death, Disability, Retirement, or Cause prior to the fifth (5th) anniversary of the Grant Date, all Units shall be forfeited. 

        4.    Payment for Units, Delivery of Stock Certificates.    When the
Units become payable, they shall be settled in shares of Stock. The Units shall become payable on the thirtieth (30th) day following the earlier of (i) the fifth
(5th) anniversary of the Grant Date or (ii) the date the Grantee terminates employment for any reason with vested Units (the "Payment Date"), unless provided otherwise in this
Agreement. Subject to the provisions of Section 7 below, Stock certificates evidencing the Stock, or an electronic transfer of shares to the Grantee's broker (in either case, the
"Certificates"), shall be issued to the Grantee as of the Payment Date and registered in the Grantee's name on the records of the Company. Subject to and conditioned on the satisfaction of any
withholding obligations, the Certificates shall be delivered to the Grantee as soon as practicable after the Payment Date. Notwithstanding the foregoing, if, at the time that payment is due under this
Section 4, the Company's deduction for compensation payable to the Grantee is subject to the restrictions of Section 162(m) of the Code ("Section 162(m)"), payment shall not be
made until the Company's deduction for the compensation attributable to the payment is not limited by Section 162(m). Further, if the Grantee is a "key employee" for purposes of
Section 409A of the Code, payment shall be delayed for 6 months or other period required by Section 409A of the Code. 

        5.    Dividend Equivalents.    If the Company pays a cash dividend or
makes any other cash distribution with respect to the Stock during the vesting period, the Grantee shall be granted a number of additional Units (referred to as dividend equivalents) equal to the
amount of cash distributed with respect the
number of shares of Stock that is equal to the number of Units set forth in Section 2 divided by the Fair Market Value of a share of Stock on the date the cash dividend or distribution is made
to the shareholders. The Units representing dividend equivalents shall vest (or shall be forfeited) and, to the extent vested, shall be paid, at the same time as the Units granted under
Section 2. 

        6.    Adjustment of and Changes in the Common Stock.    The Units
shall be adjusted as provided in Section 11 of the Plan; provided that no adjustment shall be contrary to Code section 409A or shall be effected in a manner that would subject the
Grantee to taxes and penalties under Code section 409A. 

        7.    Withholding.    Upon the award, vesting, and/or payment of any
number of the Units, the Grantee shall make appropriate arrangements with the Company to make payment to the Company of the amount required to be withheld under applicable federal, state, local, and
other tax laws (collectively, "Withholding Taxes"). The Grantee may elect to pay such Withholding Taxes in cash by delivering to the Company a check payable to the order of the Company or, if the
Company agrees, by authorizing the Company to withhold the amount due from the Grantee's pay during the pay periods immediately preceding and following the date on which any such Withholding Tax
liability arises. If the Withholding Taxes arise on or after the date the Units become payable, the Grantee may, in addition to the methods described in the preceding sentence, elect to pay such
Withholding Taxes (a) by selling a portion of the Stock then payable under this Agreement if otherwise permitted by this Agreement or (b) as permitted by Section 14 of the Plan
and as otherwise permitted by this Agreement, by having the Company withhold from the shares otherwise payable and deliverable to the Grantee a number of shares having a Fair Market Value equal to the
amount of the minimum required Withholding Taxes, or such lesser amount as the Grantee may elect. In such case, the value of the shares to be withheld shall

 
be based on the Fair Market Value of the shares on the date the amount of Withholding Taxes is determined (the "Tax Date"). The Grantee must make an irrevocable election of the manner of payment of
the Withholding Taxes no later than fourteen (14) calendar days prior to the Tax Date; provided however, if the Grantee is subject to Section 16(b) of the Securities
Exchange Act of 1934, the election shall be made in accordance with the requirements of Rule 16b-3. If, on and after the time the Units become payable, the Grantee has not made
arrangements satisfactory to the Company to pay the Withholding Taxes, the Company shall withhold from the shares, a number of shares having a Fair Market Value equal to the amount required to pay the
Withholding Taxes. The value of the shares to be withheld shall be based on the Fair Market Value of the shares on the Tax Date. The Company shall not deliver any shares of Stock unless and until the
Grantee has delivered to the Company, or has made arrangements satisfactory to the Company to provide fully for the payment of, the required Withholding Taxes. 

        8.    Restriction on Transferability; Nonalienability of Benefits.    

        (a)    Limitation on Transferability.    Units, whether or not vested,
may not be sold, assigned, transferred by gift or otherwise, pledged or hypothecated, or otherwise disposed of, by operation of law or otherwise
at any time. Any attempt to do so shall be null and void. However, Units may be transferred in connection with a divorce or other dissolution to the extent permitted by Code § 409A and the
regulations and other guidance promulgated thereunder. 

        (b)    Nonalienation of Benefits.    Except as provided in subsection
9(a) above, (i) no right or benefit under this Agreement will be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance, or charge,
and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber, or charge the same will be void, and (ii) no right or benefit hereunder will in any
manner be liable for or subject to the debts, contracts, liabilities, or torts of the Grantee or other person entitled to such benefits. 

        9.    No Rights as a Shareholder.    The Grantee shall have no voting
or any other rights as a stockholder of the Company with respect to the Units. Upon payment of the Units and the transfer of shares of Stock to the Grantee, the Grantee shall have all of the rights of
a shareholder of the Company. The Grantee's right to receive Stock under this Agreement shall be no greater than the right of any unsecured general creditor of the Company. 

        10.    Stock Reserve.    The Company shall at all times during the
term of this Agreement reserve and keep available such number of shares of Stock as will be sufficient to satisfy the requirements of this Agreement, and the Company shall pay all original issue taxes
(if any) on the issue of Stock pursuant to this Agreement, and all other fees and expenses necessarily incurred by the Company in connection therewith. 

        11.    Miscellaneous.    

        (a)    Notices.    Any notice required or permitted to be given under
this Agreement shall be in writing and shall be given by first class registered or certified mail, postage prepaid, or by personal delivery to the appropriate party, addressed: 

If
to the Company, to Frontier Airlines, Inc. Attention: Corporate Secretary, 7001 Tower Road, Denver, Colorado 80249-7312, or at such other address as may have been furnished to
the Grantee in writing by the Company; or 

If
to the Grantee, to the address indicated below the Grantee's signature block to this Agreement, or at other address as may have been furnished to the Company in writing by the Grantee.

 

        Any
such notice shall be deemed to have been given as of the second day after deposit in the United States mails, postage prepaid, properly addressed as set forth above, in the case of
mailed notice, or as of the date delivered in the case of personal delivery. 

        (b)    Amendment.    Except as provided herein, this Agreement may not
be amended or otherwise modified unless evidenced in writing and signed by the Company and the Grantee. Notwithstanding the foregoing, this Agreement may be amended in the sole discretion of the
Committee to make any changes that are necessary to comply with Section 409A of the Code and any guidance issued under Section 409A of the Code. Further provided that no amendment to
this Agreement, other than an amendment to comply with Section 409A of the Code, may adversely affect the rights of the Grantee without the Grantee's consent. 

        (c)    Compliance with Securities Laws.    This Agreement shall be
subject to the requirement that if at any time counsel to the Company shall determine that the listing, registration, or qualification of the shares of Stock that may be issued in payment of the Units
upon any securities exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance
of such shares hereunder, no shares of Stock shall be issued in payment of any Units unless such listing, registration, qualification, consent or approval shall have been effected or obtained on
conditions acceptable to the Committee. Nothing herein shall be deemed to require the Company to apply for or obtain such listing, registration, or qualification. 

        (d)    Construction; Severability.    The section headings
contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

        (e)    Waiver.    Any provision contained in this Agreement may be
waived, either generally or in any particular instance, by the Committee appointed under the Plan, but only to the extent permitted under the Plan. 

        (f)    Binding Effect.    This Agreement shall be binding upon and
inure to the benefit of the Company and the Grantee and their respective heirs, executors, administrators, legal representatives, successors and assigns. 

        (g)    Rights to Employment.    Nothing contained in this Agreement,
and no action of the Company or the Committee with respect hereto, will confer or be construed to confer on the Grantee any right to continue in the employ of the Company or interfere in any way with
the right of the Company to terminate the Grantee's employment at any time, with or without cause, subject to the provisions of
any employment agreement between the Grantee and the Company. This Agreement is limited solely to governing the rights and obligations of the Grantee with respect to the Units. 

        (h)    Governing Law.    This Agreement shall be governed by and
construed in accordance with the laws of the State of Colorado. Each party irrevocably submits to the general jurisdiction of the state and federal courts located in the State of Colorado in any
action to interpret or enforce this Agreement and irrevocably waives any objection to jurisdiction that such party may have based on inconvenience of forum. 

        (i)    Grantee Acceptance.    The Grantee will signify acceptance of
the terms and conditions of this Agreement by signing in the space provided below and returning a signed copy to the Company.

 

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 

	 	FRONTIER AIRLINES, INC.
	

 	

By:	

	

 	

Name:	

	

 	

Title:	

	
 	

GRANTEE
	

 	

	

 	

Name:	

	

 	

Address:	

	

 	

 	

	

 	

 	

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STOCK UNIT AGREEMENT

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