Document:

_____ Amendment

Exhibit 10.48

Amendment No. 2

to

Glenn F. Tilton Secular Trust Agreement No. 1

            THIS
AMENDMENT NO. 2 is made as of this 28th day of February, 2003 to the Glenn
F. Tilton Trust Agreement No. 1 dated September 5, 2002 (the "Trust") by
and among UAL Corporation (the "Company"), Glenn F. Tilton (the "Executive")
and The Northern Trust Company, as trustee (the "Trustee").

            WHEREAS,
Section 9(a) of the Trust authorizes its amendment by a written instrument
executed by the Company, the Executive and the Trustee; and

            WHEREAS,
the parties hereto wish to amend the Trust to reflect the terms of the
Amendment to Executive's Employment Agreement, dated February 17, 2003,
a copy of which is attached.

            NOW,
THEREFORE, the Company, Executive and Trustee agree as follows:

            1.    
The second sentence of Section 2(c) of the Trust is amended and restated
to read as follows:

"Executive or the Company may provide written notice to the
Trustee of the Executive's termination (with a copy to the other party)
and stating therein whether such termination constitutes termination by
the Executive for Good Reason or by the Company for Cause."

            IN WITNESS
WHEREOF, the parties have executed this Amendment No. 2 as of the date
first above written.

 

 
	Attest:
/s/  Mary Jo C. Georgen

Name:   Mary Jo C. Georgen

Title:    Assistant Corporate Secretary
	UAL CORPORATION
By:  /s/  Francesca M. Maher

Name:  Francesca M. Maher

Title:  Sr. Vice President, General Counsel &
Secretary

		
	Attest:
/s/  Helen M. Stirk

Name:  Helen M. Stirk

Title:     Sr. Vice President &
Assistant  Secretary
	THE NORTHERN TRUST COMPANY, as
Trustee
By:  /s/  Scott G. Borton

Name:  Scott G. Borton

Title:  Vice President

		
	 	GLENN F. TILTON
/s/  Glenn F. Tilton_____ Amendment

Exhibit 10.50

Amendment No. 1

to

Glenn F. Tilton Secular Trust Agreement No. 2

           
THIS AMENDMENT NO. 1 is made as of this 17th day of February, 2003 to the
Glenn F. Tilton Trust Agreement No. 2 dated September 5, 2002 (the "Trust")
by and among UAL Corporation (the "Company"), Glenn F. Tilton (the "Executive")
and The Northern Trust Company, as trustee (the "Trustee").

           
WHEREAS, Section 9(a) of the Trust authorizes its amendment by a written
instrument executed by the Company, the Executive and the Trustee; and

           
WHEREAS, the parties hereto wish to amend the Trust to reflect the terms
of the Amendment to Executive's Employment Agreement, dated February 17,
2003, a copy of which is attached.

           
NOW, THEREFORE, the Company, Executive and Trustee agree as follows:

           
1.    The first sentence of Section 2(c) of the Trust is
amended and restated to read as follows:

"If, as provided in the amended Employment Agreement,
Executive's employment is terminated either by Executive other than for
Good Reason or by the Company for Cause and the effective date of such
termination is on or before September 2, 2004, then Executive will forfeit
100% of his interest in the Trust Fund."

           
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 as of
the date first above written.

 

 
	Attest:
/s/  Mary Jo C. Georgen

Name:   Mary Jo C. Georgen

Title:   Assistant Corporate Secretary
	UAL CORPORATION
By:  /s/  Francesca M. Maher

Name:  Francesca M. Maher

Title:  Sr. Vice President, General Counsel & Secretary

	 	 
	Attest:
/s/  Helen M. Stirk

Name:  Helen M. Stirk

Title:     Sr. Vice President & Assistant Secretary
	THE NORTHERN TRUST COMPANY, as Trustee
By:  /s/  James R. Jacobson

Name:  James R. Jacobson

Title:  Second Vice President

	 	 
	 	GLENN F. TILTON
/s/  Glenn F. Tilton_____ Amendment

Exhibit 10.51

Amendment No. 2

to

Glenn F. Tilton Secular Trust Agreement No. 2

            THIS
AMENDMENT NO. 2 is made as of this 28th day of February, 2003 to the Glenn
F. Tilton Trust Agreement No. 2 dated September 5, 2002 (the "Trust") by
and among UAL Corporation (the "Company"), Glenn F. Tilton (the "Executive")
and The Northern Trust Company, as trustee (the "Trustee").

            WHEREAS,
Section 9(a) of the Trust authorizes its amendment by a written instrument
executed by the Company, the Executive and the Trustee; and

            WHEREAS,
the parties hereto wish to amend the Trust to reflect the terms of the
Amendment to Executive's Employment Agreement, dated February 17, 2003,
a copy of which is attached.

            NOW,
THEREFORE, the Company, Executive and Trustee agree as follows:

            1.
The second sentence of Section 2(c) of the Trust is amended and restated
to read as follows:

"Executive or the Company may provide written notice to the Trustee
of the Executive's termination (with a copy to the other party) and stating
therein whether such termination constitutes termination by the Executive
for Good Reason or by the Company for Cause."

            IN WITNESS
WHEREOF, the parties have executed this Amendment No. 2 as of the date
first above written.

 

 
	Attest:
/s/  Mary Jo C. Georgen

Name:   Mary Jo C. Georgen

Title:    Assistant Corporate Secretary
	UAL CORPORATION
By:  /s/  Francesca M. Maher

Name:  Francesca M. Maher

Title:  Sr. Vice President, General Counsel &

          
Secretary

		
 

	Attest:
/s/  Helen M. Stirk

Name:  Helen M. Stirk

Title:     Sr. Vice President &
Assistant 

             
Secretary
	THE NORTHERN TRUST COMPANY, as
Trustee
By:  /s/  Scott G. Borton

Name:  Scott G. Borton 

Title:  Vice President

		
 

	 	GLENN F. TILTON
/s/  Glenn F. Tilton_____ Amendment

Exhibit 10.53

Amendment No. 1

to

Glenn F. Tilton Secular Trust Agreement No. 3

            THIS
AMENDMENT NO. 1 is made as of this 17th day of February, 2003 to the Glenn
F. Tilton Trust Agreement No. 3 dated September 5, 2002 (the "Trust") by
and among UAL Corporation (the "Company"), Glenn F. Tilton (the "Executive")
and The Northern Trust Company, as trustee (the "Trustee").

            WHEREAS,
Section 9(a) of the Trust authorizes its amendment by a written instrument
executed by the Company, the Executive and the Trustee; and

            WHEREAS,
the parties hereto wish to amend the Trust to reflect the terms of the
Amendment to Executive's Employment Agreement, dated February 17, 2003,
a copy of which is attached.

            NOW,
THEREFORE, the Company, Executive and Trustee agree as follows:

            1.
The first sentence of Section 2(c) of the Trust is amended and restated
to read as follows:

"If, as provided in the amended Employment Agreement, Executive's
employment is terminated either by Executive other than for Good Reason
or by the Company for Cause and the effective date of such termination
is on or before September 2, 2005, then Executive will forfeit 100% of
his interest in the Trust Fund."

            IN WITNESS
WHEREOF, the parties have executed this Amendment No. 1 as of the date
first above written.

 

 
	Attest:
/s/  Mary Jo C. Georgen

Name:   Mary Jo C. Georgen

Title:    Assistant Corporate Secretary
	UAL CORPORATION
By:  /s/  Francesca M. Maher

Name:  Francesca M. Maher

Title:  Sr. Vice President, General Counsel &
Corporate Secretary

		
	Attest:
/s/  Helen M. Stirk

Name:  Helen M. Stirk

Title:     Sr. Vice President and
Assistant

             
Secretary 
	THE NORTHERN TRUST COMPANY, as
Trustee
By:  /s/  James R. Jacobson

Name:  James R. Jacobson

Title:  Second Vice President

		
		GLENN F. TILTON
/s/  Glenn F. Tilton_____ Amendment

Exhibit 10.54

Amendment No. 2

to

Glenn F. Tilton Secular Trust Agreement No. 3

            THIS
AMENDMENT NO. 2 is made as of this 28th day of February, 2003 to the Glenn
F. Tilton Trust Agreement No. 3 dated September 5, 2002 (the "Trust") by
and among UAL Corporation (the "Company"), Glenn F. Tilton (the "Executive")
and The Northern Trust Company, as trustee (the "Trustee").

            WHEREAS,
Section 9(a) of the Trust authorizes its amendment by a written instrument
executed by the Company, the Executive and the Trustee; and

            WHEREAS,
the parties hereto wish to amend the Trust to reflect the terms of the
Amendment to Executive's Employment Agreement, dated February 17, 2003,
a copy of which is attached.

            NOW,
THEREFORE, the Company, Executive and Trustee agree as follows:

            1.
The second sentence of Section 2(c) of the Trust is amended and restated
to read as follows:

"Executive or the Company may provide written notice to the Trustee
of the Executive's termination (with a copy to the other party) and stating
therein whether such termination constitutes termination by the Executive
for Good Reason or by the Company for Cause."

            IN WITNESS
WHEREOF, the parties have executed this Amendment No. 2 as of the date
first above written.

 

 
	Attest:
/s/  Mary Jo C. Georgen

Name:   Mary Jo C. Georgen

Title:    Assistant Corporate Secretary
	UAL CORPORATION
By:  /s/  Francesca M. Maher

Name:  Francesca M. Maher

Title:  Sr. Vice President, General Counsel &

          
Secretary

	 	 
	Attest:
/s/  Helen M. Stirk

Name:  Helen M. Stirk

Title:     Sr. Vice President &
Assistant

             
Secretary
	THE NORTHERN TRUST COMPANY, as
Trustee
By:  /s/  Scott G. Borton

Name:  Scott G. Borton

Title:  Vice President

	 	 
	 	GLENN F. TILTON
/s/  Glenn F. TiltonUnited Contract Number:

                                                                                                               
Exhibit 10.55

                                                                                                               
Contract No: 162493

AGREEMENT

     THIS AGREEMENT (the "Agreement") is made and
entered into as of February 16, 2003 (the "Effective Date") between United
Air Lines, Inc. ("UA") and UAL Corporation ("UAL", UA and UAL sometimes
collectively referred to as "United") and Rono J. Dutta residing at 1044
Mohawk Rd, Wilmette, Illinois 60091 (sometimes referred to as "Executive").

     WHEREAS, Executive is presently an employee
of UA (such position is hereinafter referred to as the "Executive Position"),
and may hold various positions and directorships with UA, UAL, or subsidiaries
or affiliates thereof;

     WHEREAS, United and Executive desire to fully
settle and resolve any and all issues arising out of Executive's employment
with United and the termination of his or her full time employment as an
executive officer by United;

     WHEREAS, United wishes to retain certain limited
services of Executive, and Executive wishes to provide said services to
United, in accordance with the terms and conditions set forth herein; and

     WHEREAS, Executive has agreed in this Agreement
to provide such services and to release United from certain liabilities,
as set forth in this Agreement, arising out of Executive's ceasing to serve
in the Executive Position;

NOW, THEREFORE, it is agreed by and between United and Executive as
follows:

                  
1. Relinquishment of Title; Continued Employment. Executive hereby
ceases to serve in the Executive Position, ffective as of the Effective
Date. Thereafter, Executive will continue to be actively employed by United,
but Executive will perform services for United by being "on call", including
testifying on behalf of United, and subject to such other assignments consistent
with Executive's experience and reasonably acceptable to Executive as may
be reasonably requested by either the person who is Executive's supervisor
immediately prior to the Effective Date (the "Supervisor") or the Supervisor's
successor; provided that such requests shall not unreasonably interfere
with any employment or business pursuits, including consulting, that Executive
may be engaged in from time to time.

                 
2.   Time Period of Employment

     A. United agrees to employ Executive and Executive
agrees to be employed by United on the basis stated in Paragraph 1 from
the Effective Date through the earlier of (i) 11:59 p.m. of September 30,
2004 or (ii) the termination of this Agreement and Executive's employment
pursuant to Paragraph 4 hereof (such period, the "Term").

     B. Notwithstanding the foregoing, if the Term
ends pursuant to Paragraph 2(A)(ii) above, by virtue of the operation of
Paragraph 4(A)(i), Executive's beneficiaries will have the benefits accorded
to the beneficiaries of an active officer who dies.

         3.  Compensation
and Benefits.
     A. Salary. Commencing on February 16, 2003
through the end of the Term, United will pay Executive a monthly salary
in the amount of $2,000.00. Such payments will be made on the same schedule
as salary payments are made to actively employed officers of United from
time to time, currently the 15th and last day of each month. During the
Term, Executive will not be entitled to any increase nor subject to any
decrease in such salary payments. Any amounts will be prorated for any
partial month. All payments made pursuant to this paragraph 3 will be subject
to withholding for taxes and other purposes as required by applicable law.
     B. Incentive Compensation. Executive
will not be eligible for an award under the Performance Incentive Plan
or any successor plan for 2003 or any subsequent year.

     C. Benefits. Notwithstanding what may
be provided to other active employees of United from time to time or whether
Executive may have been covered by a benefit plan prior to the Effective
Date, the only benefits that Executive shall be entitled to during the
Term are as follows:

(i) Free and Reduced Rate Transportation. United shall provide
to Executive and his eligibles free and reduced rate transportation of
the type granted to actively employed officers in accordance with company
regulations and officer travel policies as revised from time to time.

(ii) United Air Lines, Inc. Management, Administrative
and Public Contact Defined Benefit Pension "Plan". Executive shall
continue to receive service credit under The Term. No participation credit
will be given under any defined qualified or non-qualified benefit plan
commencing on The Effective Date.

(iii) Management Medical/Dental. Executive and his or her eligible
dependents shall continue to be covered by the Management Medical/Dental
Plan in the same manner as other active management employees. In the event
active management employees are required to pay a portion of the premium
or cost for coverage under the Medical/Dental Plan, Executive shall be
entitled to such coverage provided he makes all required payments in a
timely manner as determined by the Plan Administrator of the Management
Medical/Dental Plan.
(iv) Group Life Insurance. Executive shall continue
to be covered by Group Life Insurance including Contributory Life Insurance
(if so covered) based on his or her annual salary amount immediately prior
to the Effective Date, on the same basis as other active management employees,
provided the appropriate payroll deductions are authorized and in accordance
with the terms of the policies.

 

(v) Officer's Accidental Death and Dismemberment
Insurance. Executive's Officer's Accidental Death and Dismemberment
coverage will continue until the end of the Term.

(vi) (a) Stock. Executive shall forfeit all vested
and unvested stock options granted under UAL's equity incentive plans (the
"Equity Plans") prior to the Effective Date. Executive shall forfeit any
unvested restricted stock granted to him or her pursuant to the Equity
Plans.
      (b) Executive will not
be eligible for any grants made under the Equity Plans, or any successor
plans, after the Effective Date.

(vii) Other Benefits. Executive will continue to
be eligible to participate in the Flexible Spending Account, and will be
eligible for payroll savings bonds on the same basis as other active employees.
Executive will also be eligible to utilize the Credit Union subject to
its rules.

(viii) Vacation and Holidays. No vacation or holiday
time will be accrued or taken after the Effective Date. Executive forfeits
any unused accrued vacation.

(ix) Outplacement Benefits. For a period of 12
months commencing on the Effective Date Executive will be provided with
outplacement assistance appropriate to the Executive Position held by the
Executive prior to the Effective Date.

(x) Office Equipment. Executive shall
return all office equipment, access badges, parking cards, UATP cards,
credit card, cellular telephones, pagers and other wireless devices provided
to him or her by United.
(xi) Disability Income Benefits. You will not be
eligible for the Disability Plan (the "LTD Plan").

     D. Each of the benefits enumerated
in Paragraph 3(C) is subject to the practices, rules, and regulations of
United, as in effect from time to time.

     E. (i) Notwithstanding any other
provisions of this Agreement, in the event that any payment or benefit
received or to be received by Executive hereunder, when taken together
with any payment or benefits received or to be received pursuant to the
terms of any other plan, arrangement or agreement with United, or any affiliate
thereof (all such payments and benefits being hereinafter called "Total
Payments") would be subject (in whole or part), to any excise tax
(the "Excise Tax") imposed under section 4999 of the Internal Revenue Code
of 1986, as amended (the "Code"), then, the payments under Paragraph 3(A)
shall first be reduced and individual benefits under Paragraph 3(C) shall
thereafter be eliminated, to the extent necessary so that no portion of
the Total Payments is subject to the Excise Tax, but only if (A) the net
amount of such Total Payments, as so reduced (and after subtracting the
net amount of federal, state and local income taxes on such reduced Total
Payments) is greater than or equal to (B) the net amount of such Total
Payments without such reduction (but after subtracting the net amount of
federal, state and local income taxes on such Total Payments and the amount
of Excise Tax to which Executive would be subject in respect of such unreduced
Total Payments); provided, however, that Executive may elect
to have individual benefits under Paragraph 3(C) eliminated prior to any
reduction of the cash payments under Paragraphs 3(A).

        (ii) For purposes of determining
whether and the extent to which the Total Payments will be subject to the
Excise Tax, (i) no portion of the Total Payments the receipt or enjoyment
of which Executive shall have waived at such time and in such manner as
not to constitute a "payment" within the meaning of section 280G(b) of
the Code shall be taken into account, (ii) no portion of the Total Payments
shall be taken into account which, in the opinion of tax counsel ("Tax
Counsel") reasonably acceptable to Executive and selected by the accounting
firm (the "Auditor") which was, immediately prior to the Effective Date,
United's independent auditor, does not constitute a "parachute payment"
within the meaning of section 280G(b)(2) of the Code (including by reason
of section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax,
no portion of such Total Payments shall be taken into account which, in
the opinion of Tax Counsel, constitutes reasonable compensation for services
actually rendered, within the meaning of section 280G(b)(4)(B) of the Code,
in excess of the Base Amount (as defined in section 280G(b)(3) of the Code)
allocable to such reasonable compensation, and (iii) the value of any non-cash
benefit or any deferred payment or benefit included in the Total Payments
shall be determined by the Auditor in accordance with the principles of
sections 280G(d)(3) and (4) of the Code.

    F.  Air Transportation Safety and System
Stabilization Act.

     (i) Notwithstanding any other provisions of
this Agreement, in the event that any payment or benefit received or to
be received by the Executive hereunder, when taken together with any payment
or benefits received or to be received pursuant to the terms of any other
plan, arrangement, or agreement with United, or any affiliate thereof which
is, in the opinion of counsel selected by United ("Counsel"), included
in "Total Compensation" as defined by Section 104(b) of the Air Transportation
Safety and System Stabilization Act (the "Act") would, in the opinion of
Counsel, exceed the limitation under Section 104(a) of the Act, then the
payments under Paragraph 3(A) included in Total Compensation shall first
be reduced and individual benefits under Paragraph 3(C) included in Total
Compensation shall thereafter be eliminated, provided,
however,
that Executive may elect to have individual benefits under Paragraph 3(C)
eliminated prior to any reduction of the cash payments under Paragraph
3(A).

     (ii) Paragraph 3(F)(i) will not apply if (a)
United does not apply for Federal credit instrument under the Act by the
deadline stipulated in the Act or any amendment thereto or (b) if United
does apply for a Federal credit instrument under the Act by the deadline
but such Federal credit instrument is not actually issued to United for
any reason other than because the Executive's Total Compensation exceeds
the limitation under Section 104(a) of the Act.

                  
4. Termination of Employment Under Agreement.

     A. Non-Election of Executive. Executive's
employment under this Agreement shall terminate and Executive will no longer
have the status of an active employee of United and will no longer be entitled
to any of the benefits of this Agreement (including the entitlement to
the payment and benefits described in Paragraph 3(C), other than those
required by law or otherwise vested), on the happening of the earliest
of the following events:

(i) Executive's death;
(ii) Any material breach by Executive of Paragraph 6 or 9 hereof or
the failure by Executive to provide notice to United pursuant to Paragraph
4(B)(i) hereof;

(iii) Executive's termination for Cause (as defined below).

For purposes hereof, "Cause" shall mean (a) the willful and continued failure
by Executive to substantially perform Executive's duties with United (other
than any such failure resulting from Executive's incapacity due to physical
or mental illness) after a written demand for substantial performance is
delivered to Executive by the Supervisor, which demand specifically identifies
the manner in which the Supervisor believes that Executive has not substantially
performed Executive's duties, and Executive shall not have substantially
performed within a reasonable time after receipt of such notice, (b) the
willful engaging by Executive in conduct, including any conduct that is
a violation of Executive's duties set forth under Paragraph 7 or 8 hereof,
which is demonstrably and materially injurious to United or its subsidiaries,
monetarily or otherwise or (c) Executive's conviction for the commission
of a felony. For purposes of clauses (a) and (b) of this definition, no
act, or failure to act, on Executive's part shall be deemed "willful" unless
done, or omitted to be done, by Executive not in good faith and without
reasonable belief that Executive's act, or failure to act, was in the best
interest of United.

     B. Election of Executive. (i) During
the Term, if Executive elects to terminate his or her employment for any
reason, Executive will receive no further payments under Paragraphs 3(A)
above, and will no longer be entitled to any benefits under Paragraph 3(C)
(other than benefits required by law or otherwise vested). Before Executive's
election to terminate under this paragraph can become effective, Executive
must have provided United seven (7) days' written notice of his election
by registered mail addressed to the General Counsel of United at its principal
World Headquarters offices. Executive's termination of employment will
be as of the seventh (7th) day after receipt by United of such notice,
at which time he or she will no longer have the status of an active employee
of United (including the entitlement to benefits described in Paragraph
3(C), other than benefits required by law or otherwise vested).

(ii) During the Term, if Executive takes a Competitive Position (as
defined below) with a Competitor (as defined below) upon agreeing to such
employment, he:
(a) must immediately so notify United in writing by registered mail
addressed to the General Counsel of United at its principal World Headquarters
offices;

(b) will be deemed to have elected to terminate his employment under
this Agreement (including the entitlement to benefits described in Paragraph
3(C)) effective as of the day Executive becomes employed by such Competitor;
and

(c) will be entitled to no further compensation after such effective
date.

For purposes of this Agreement, (1) "Competitor" means any airline or air
carrier or any company affiliated, directly or indirectly, with another
airline or air carrier and (2) "Competitive Position" means becoming employed
by, a member of the board of directors of, a consultant to, or to otherwise
provide services of any nature to a Competitor directly or indirectly.
If during the Term, Executive desires to provide services whether as a
consultant, employee or otherwise to a Competitor and requests that United
consent to such provision of such services, United will reasonably consider
such request and will not unreasonably withhold, delay or condition its
consent. In the event United consents to Executive's providing such services,
there will not be a termination of the Executive's employment under the
Agreement pursuant to this Paragraph 4(B)(ii).

     C. Survival. Notwithstanding any termination
of Executive's employment under this Agreement, Executive shall continue
to be bound by (1) the provisions of Paragraphs 6 through 16 hereof, and
(2) the provisions of Paragraph 4(B)(ii)(a) hereof.

                 
5. Regulations. During his or her employment, Executive will be
governed by applicable United regulations, as in effect from time to time,
to the extent that such regulations are consistent with Executive's status
as an on-call employee.

                  
6. Confidentiality.

A. For purposes of this Agreement "Confidential Information" shall mean
and include, but not be limited to, the kinds of services provided or proposed
to be provided by United to customers, the manner in which such services
are performed or offered to be performed, information concerning United's
fleet plan, cost structure, strategic plan, labor strategy, information
concerning the creation, acquisition or disposition of products and services,
personnel information, and other trade secrets and confidential or proprietary
information concerning United's business, but shall not include information
which (I) is or becomes generally available to the public other than as
a result of a disclosure by Executive, (II) was available to Executive
on a non-confidential basis prior to its disclosure by UAL or UA, or (III)
becomes available to Executive on a non-confidential basis from a person
other than UAL, UA or their officers, directors, employees or agents who
is not otherwise bound by any confidentiality obligations with respect
to the information provided to Executive (the "Confidential Information").

B. (i) Executive acknowledges that: (a) United's business is intensely
competitive and that Executive's employment by United has required and
during the Term may continue to require that Executive have access to and
knowledge of Confidential Information of United, (b) the direct or indirect
disclosure of any Confidential Information would place United at a disadvantage
and would do damage, monetary or otherwise, to United's business, and (c)
the engaging by Executive in any of the activities prohibited by this Paragraph
6 may constitute improper appropriation or use of such Confidential Information.
Executive expressly acknowledges the trade secret status of the Confidential
Information and that the Confidential Information constitutes a protectible
business interest of United.

     (ii) Whether directly or indirectly, individually,
as a director, stockholder, owner, partner, employee, principal, or agent
of any business, or in any other capacity, during the Term of this Agreement
and for the two (2) year period thereafter, Executive shall not make known,
disclose, furnish, make available or utilize any of the Confidential Information,
other than in the proper performance of the duties contemplated under this
Agreement. Executive shall return any tangible Confidential Information,
including photocopies, extracts and summaries thereof, or any such information
stored electronically on tapes, computer disks, or in any other manner
that Executive has in his possession (a) on the Effective Date of this
Agreement, (b) at the end of the Term, and (c) at such time as United requests
Executive to do so.

     (iii) Executive acknowledges and agrees that
due to the confidential and proprietary nature of the Confidential Information
he or she possesses, a breach or threatened breach by him or her of any
of the provisions contained in this Paragraph 6 will cause United irreparable
injury. Therefore, in addition to any other rights or remedies, Executive
agrees that United shall be entitled to a temporary, preliminary, and permanent
injunction enjoining or restraining Executive from any such violation or
threatened violation, without the necessity of proving the inadequacy of
monetary damages or the posting of any bond or security. Executive consents
to jurisdiction for such enforcement in any state or federal court in the
State of Illinois.

     (iv) Executive further acknowledges and agrees
that due to the uniqueness of his services and confidential nature of the
Confidential Information he or she possesses, the covenants set forth herein
are reasonable and necessary for the protection of the business and goodwill
of United.

Executive understands that it is United's intent to have this promise
of confidentiality enforced to its fullest extent. Accordingly, Executive
and United agree that, if any portion of this promise of confidentiality
is unenforceable, the court should still construe and enforce this promise
of confidentiality to the fullest extent permitted by law.

C. Executive agrees to keep the terms of and circumstances surrounding
this Agreement and of his or her working arrangement, as defined herein,
confidential except that the source and amount of his or her income may
be revealed as necessary for tax, loan purposes and the like.

                  
7.  Non-Disparagement

.

A. Executive agrees not to make, or cause to be made, any statement,
observation or opinion, or communicate any information (whether oral or
written, directly or indirectly) that (a) accuses or implies that United
and/or any of its parents, subsidiaries and affiliates, together with their
respective present or former officers, directors, partners, shareholders,
employees and agents, and each of their predecessors, successors and assigns,
engaged in any wrongful, unlawful or improper conduct, whether relating
to Executive's employment (or the termination thereof), the business or
operations of United, or otherwise; or (b) disparages, impugns or in any
way reflects adversely upon the business or reputation of United and/or
any of its parents, subsidiaries and affiliates, together with their respective
present or former officers, directors, partners, shareholders, employees
and agents, and each of their predecessors, successors and assigns.

B. United agrees not to willfully authorize any statement, observation
or opinion (whether oral or written, direct or indirect) that is materially
injurious to Executive and that (a) accuses or implies that Executive engaged
in any wrongful, unlawful or improper conduct relating to Executive's employment
with United or (b) disparages, impugns or in any way reflects adversely
upon the reputation of Executive.

C. Nothing herein shall be deemed to preclude Executive or United from
providing truthful testimony or information pursuant to subpoena, court
order or similar legal process.

                  
8. Non-Solicitation of Employees: Executive agrees that Executive
will not, during the Term, directly or indirectly, for the benefit of any
Competitor (as defined in Paragraph 4(B) hereof) of United, solicit the
employment or services of, hire, or assist in the hiring of any person
eligible for the Performance Incentive Plan or any successor Plan.

9. Assent and Release.

     A. In consideration for the payments and benefits
provided in this Agreement, Executive hereby voluntarily, knowingly, willingly,
irrevocably, and unconditionally releases UA and UAL together with their
respective parents, subsidiaries and affiliates, and each of their respective
officers, directors, employees, representatives, attorneys and agents,
and each of their respective predecessors, successors and assigns (collectively,
the "Releasees") from any and all charges, complaints, claims, liabilities,
obligations, promises, agreements, causes of action, rights, costs, losses,
debts, and expenses of any nature whatsoever, known or unknown, which against
them Executive or his or her successors or assigns ever had, now have or
hereafter can, shall or may have (either directly, indirectly, derivatively
or in any other representative capacity) by reason of any matter, fact
or cause whatsoever arising from the beginning of time to the date of this
Agreement, including without limitation all claims arising under Title
VII of the Civil Rights Act of 1991, the federal Age Discrimination in
Employment Act of 1967 ("ADEA"), the Americans with Disabilities Act of
1990, the Employee Retirement Income Security Act of 1974, the Family and
Medical Leave Act of 1993, the Equal Pay Act of 1963, each as amended;
and all other federal, state or local laws, rules, regulations, judicial
decisions or public policies now or hereafter recognized, including but
not limited to the California Fair Employment and Housing Act, the Colorado
anti-discrimination laws, the Illinois Human Rights Act, the New Jersey
Law Against Discrimination and the New York City and State Human Rights
Law, each as amended. This release by Executive of the Releasees also includes,
without limitation, all claims arising under each employee pension, employee
welfare, and executive compensation plan of United now in effect or hereafter
adopted, except for any benefits to be provided to Executive under this
Agreement or in the normal course of Executive's employment through the
Effective Date. It is agreed that this paragraph shall survive termination
of the Agreement. Nothing in this Paragraph 9 shall affect or impair any
right that Executive has to either (1) indemnification pursuant to United's
bylaws or applicable law or (2) any vested benefit under United's employee
benefit plans.
     B. Executive expressly acknowledges and agrees
that, by entering into this Agreement, Executive is waiving any and all
rights or claims that he may have arising under the ADEA, as amended, which
have arisen on or before the date of execution of this Agreement. Executive
further expressly acknowledges and agrees that:

(i) In return for this Agreement, Executive will receive compensation
beyond that which he was already entitled to receive before entering into
this Agreement;
(ii) Executive has been advised by United to consult with an attorney
before signing this Agreement;

(iii) Executive was given a copy of this Agreement on or before February
20, 2003. Executive has been informed that Executive has not less than
twenty-one (21) days from February 20, 2003 within which to consider the
Agreement and, if Executive considers this Agreement for fewer than 21
days, then Executive agrees that he has had a reasonable period of time
to consider the Agreement; and

(iv) Executive was informed that Executive had seven (7) days following
the date of execution of the Agreement in which to revoke the Agreement.
After seven (7) days this Agreement will become effective, enforceable
and irrevocable unless written revocation is received by the undersigned
from Executive on or before the close of business on the seventh (7th)
day after Executive executed this Agreement. If Executive revokes this
Agreement it shall not be effective or enforceable and Executive will not
receive the compensation or benefits described in this Agreement.

     C. Waiver of Unknown Claims: It is the
intention of Executive and United in executing this Agreement that the
same shall be effective as a bar to each and every claim, demand and cause
of action hereinabove specified. In furtherance of this intention, Executive
hereby expressly waives any and all rights and benefits conferred upon
Executive by the provisions of SECTION 1542 OF THE CALIFORNIA CIVIL CODE,
to the extent applicable to Executive, and expressly consents that this
Agreement shall be given full force and effect according to each and all
of its express terms and provisions, including as well those related to
unknown and unsuspected claims, demands and causes of action, if any, as
well as those relating to any other claims, demands and causes of action
hereinabove specified. SECTION 1542 provides:

"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES
NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT
WITH THE DEBTOR."

Executive acknowledges that Executive may hereafter discover claims or
facts in addition to or different from those which Executive now knows
or believes to exist with respect to the subject matter of this Agreement
and which, if known or suspected at the time of executing this Agreement,
may have materially affected this settlement.
                 
10. Non-Assignability; Assignment in the Event of Acquisition or Merger.
This Agreement and the benefits hereunder are not assignable or transferable
by Executive; the rights and obligations of United under this Agreement
will automatically be deemed to be assigned by United to any corporation
or entity into which United may be merged or consolidate.

                 
11. Applicable Law. This Agreement shall be construed in accordance
with the laws of the State of Illinois, and the rights and obligations
of the parties hereunder shall be construed and enforced in accordance
with, and governed by the laws of, the State of Illinois, without regard
to principles of conflict of laws.

                 
12. Paragraph Reference. Any reference to paragraphs or subparagraphs
shall be references to paragraphs or subparagraphs of this Agreement unless
expressly stated otherwise.

                 
13. Severability. If any provision of this Agreement or the application
thereof is held invalid, the invalidity shall not affect the other provisions
or applications of this Agreement which can be given effect without the
invalid provisions or application in accordance with the essential intent
and purpose of this Agreement, and to this end the provisions of this Agreement
are declared to be severable. Moreover, if any one or more of the provisions
contained in this Agreement is held to be excessively broad as to duration,
scope, activity or subject, such provisions will be construed by limiting
and reducing them so as to be enforceable to the maximum extent compatible
with applicable law and with the essential intent and purpose of this Agreement.

                 
14. Supersedes Prior Agreement(s). This Agreement supersedes and
voids any prior oral or written agreement relating in any way to Executive's
employment with UA or UAL which may have been entered into between the
parties hereto. Any change to this Agreement after the Effective Date must
be in writing and must be executed by UA, UAL and Executive.

                 
15. No Mitigation. United agrees that Executive is not required
to seek other employment or to attempt in any way to reduce any amounts
payable to Executive by United pursuant to this Agreement. Furthermore,
the amount of any payment or benefit provided for in this Agreement shall
not be reduced by any compensation earned by Executive as the result of
employment by another employer, by retirement benefits, by offset against
any amount claimed to be owed by Executive to United, or otherwise.

                 
16.  Arbitration. Any dispute or controversy arising under
or in connection with this Agreement shall be settled exclusively by arbitration
in Chicago, Illinois, in accordance with the National Rules for the Resolution
of Employment Disputes of the American Arbitration Association then in
effect. Executive consents to arbitration in Chicago, Illinois, as set
forth above, agrees that judgment may be entered in the courts of the State
of Illinois on any such arbitration award, consents to the jurisdiction
of the courts of Illinois, both state and federal, for the enforcement
of any such arbitration award and agrees not to disturb such choice of
forum. Notwithstanding the above, Executive further agrees that United
may seek temporary, preliminary or permanent injunctive relief to enforce
the provisions contained in Paragraph 6, without first proceeding to arbitration.

                 
17. Representations by United. United hereby represents and warrants
to Executive that; (a) the execution, delivery and performance of this
Agreement by United have been duly authorized by all necessary actions
by United, (b) this Agreement has been duly executed and delivered by United
to Executive, and (c) this Agreement constitutes the valid and legally
binding obligation of United and is enforceable against United in accordance
with its terms.

United and Executive, having read and understood this Agreement and,
having consulted with others as appropriate, hereby agree to be bound by
its terms.

                  
18. No Administrative Claim. Executive hereby acknowledges and agrees
that nothing in this Agreement, nor any breach thereof, shall give rise
to administrative claim under sections 503 or 507 of the Bankruptcy Code
and further agrees that he will not assert an entitlement to such administrative
claim the Bankruptcy Court or any other judicial or arbitral forum.

IN WITNESS WHEREOF, the parties have executed this Agreement effective
as of February 19, 2003, at the World Headquarters of United Air Lines,
Inc., 1200 East Algonquin Road, Elk Grove Twp., Illinois 60007.

 

 

 

 

UAL CORPORATION AND                                                                       
EXECUTIVE

UNITED AIR LINES, INC.

By: /s/ Glenn F. Tilton                                                                                 
/s/ Rono J. Dutta

Name: Glenn F. Tilton                                                                                   
Rono J. Dutta

Title: Chairman, President and

Chief Executive Officer

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