How to have terminal close tab when shell exits? I just recently upgraded from 10.6 to 10.8. On 10.6 I could set the terminal to close the tab/window when the shell exits.

Mountain Lion's terminal just says the process is completed and the tab/window stays open:

bash$ exit
logout

[Process completed]


I find this very annoying, but I no longer see the preference to change it.
Is there a way to set Mountain Lion's Terminal to close when its process exits?
You can change this in Terminal's Preferences: