Common Contracts

ALASKA AIR GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT INCENTIVE AWARD

Nonqualified Stock Option Agreement • February 2nd, 2009 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  February 2nd, 2009
• Company
  Alaska Air Group Inc
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Option Agreement”) dated , by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and WILLIAM S. AYER (the “Grantee”) evidences the nonqualified stock option (the “Option”) granted by the Corporation to the Grantee as to the number of shares of the Corporation’s Common Stock first set forth below.

ALASKA AIR GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • May 22nd, 2008 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  May 22nd, 2008
• Company
  Alaska Air Group Inc
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Option Agreement”) dated , by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and (the “Grantee”) evidences the nonqualified stock option (the “Option”) granted by the Corporation to the Grantee as to the number of shares of the Corporation’s Common Stock first set forth below.