0000766421-10-000004 Sample Contracts

ALASKA AIR GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • February 5th, 2010 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  February 5th, 2010
• 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.

ALASKA AIR GROUP, INC. PERFORMANCE STOCK UNIT AWARD AGREEMENT

Performance Stock Unit Award Agreement • February 5th, 2010 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

• Contract Type
  Performance Stock Unit Award Agreement
• Filed
  February 5th, 2010
• Company
  Alaska Air Group Inc
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated __________, by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and _____________ (the “Participant”) evidences the award of stock units (the “Award”) granted by the Corporation to the Participant as to the number of stock units (the “Stock Units”) first set forth below.