0000766421-16-000096 Sample Contracts

NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • August 2nd, 2016 • Alaska Air Group, Inc. • Air transportation, scheduled • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  August 2nd, 2016
• Company
  Alaska Air Group, Inc.
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Option Agreement”) dated [AWARD DATE], by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and [participant NAME] (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.

PERFORMANCE STOCK UNIT AWARD AGREEMENT

Performance Stock Unit Award Agreement • August 2nd, 2016 • Alaska Air Group, Inc. • Air transportation, scheduled • Delaware

• Contract Type
  Performance Stock Unit Award Agreement
• Filed
  August 2nd, 2016
• Company
  Alaska Air Group, Inc.
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated [AWARD DATE] by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and [participant name] (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.

INCENTIVE STOCK OPTION AGREEMENT

Incentive Stock Option Agreement • August 2nd, 2016 • Alaska Air Group, Inc. • Air transportation, scheduled • Delaware

• Contract Type
  Incentive Stock Option Agreement
• Filed
  August 2nd, 2016
• Company
  Alaska Air Group, Inc.
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS INCENTIVE STOCK OPTION AGREEMENT (this “Option Agreement”) dated [AWARD DATE], by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and [PARTICIPANT NAME] (the “Grantee”) evidences the incentive 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.

STOCK UNIT AWARD AGREEMENT

Stock Unit Award Agreement • August 2nd, 2016 • Alaska Air Group, Inc. • Air transportation, scheduled • Delaware

• Contract Type
  Stock Unit Award Agreement
• Filed
  August 2nd, 2016
• Company
  Alaska Air Group, Inc.
• Industry
  Air transportation, scheduled
• Jurisdiction
  Delaware

THIS STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated [AWARD DATE], by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and [PARTICIPANT NAME] (the “Participant”) evidences the award of restricted 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.