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

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.

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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

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.

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