SEC Contract Filing

Filing Date: 2015-04-23

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d891332dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PERFORMANCE-BASED RSU AWARD NOTICE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>to [Name] </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to
the United Continental Holdings, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Performance-Based RSU Program </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Relative Pre-tax Margin </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Performance Period January&nbsp;1, 20[&nbsp;&nbsp;&nbsp;&nbsp;] to December&nbsp;31, 20[&nbsp;&nbsp;&nbsp;&nbsp;] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>The Program</U>. This document constitutes your formal Award Notice with respect to an Award of RSUs as a Participant under the United
Continental Holdings, Inc. Performance-Based RSU Program (as amended from time to time, the &#147;<U>Program</U>&#148;) adopted under the United Continental Holdings, Inc. 2008 Incentive Compensation Plan (as amended from time to time, the
&#147;<U>ICP</U>&#148;). This Award Notice evidences your receipt of an award of RSUs under the Program with respect to the performance period commencing on January&nbsp;1, 20[&nbsp;&nbsp;&nbsp;&nbsp;] and ending on December&nbsp;31,
20[&nbsp;&nbsp;&nbsp;&nbsp;] (the &#147;<U>Performance Period</U>&#148;) and with respect to performance goals based on the Company&#146;s achievement of relative pre-tax margin performance. This Award is subject to the terms of the Program and the
ICP. The effective date of your commencement in the Program with respect to this Award is [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;]. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Number of RSUs; Performance Target</U>. The Compensation Committee of the Board of Directors of the Company (the
&#147;<U>Committee</U>&#148;) has established certain performance goals for RSUs under the Program. The Committee has established the following terms and performance goals with respect to your Award: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <B><I>RSUs</I></B>.<B><I> </I></B>The number of RSUs subject to this Award as of the effective date of grant is
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
<B><I>Performance Target</I></B><B>. </B>Achievement of the Performance Target for the Performance Period means that the Pre-tax Margin achieved by the Company 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: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top">Entry Pre-tax Margin generally means [(A)] the percentage determined by dividing the cumulative Pre-tax Income of all companies in the Industry Group (currently
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]) for the Performance Period by all such companies&#146; cumulative revenues over such period [(B) minus the percentage
determined by dividing the cumulative Pre-tax Income of the Industry Group for calendar year &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by the cumulative revenues of the
Industry Group for such year<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>] (as more specifically defined in the Program, the &#147;Industry Pre-Tax Margin&#148;) [[<U>plus</U>] [<U>minus</U>]
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis Points]; </TD></TR></TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Insert clause (B)&nbsp;if the Committee establishes the Pre-tax Margin goals for the Performance Period with reference to relative change versus the Industry Group. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left">ii.</TD>