0001193125-07-018796 Sample Contracts

ALASKA AIR GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • February 2nd, 2007 • 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 (“Air Group”), and (the “Grantee”) evidences the nonqualified stock option (the “Option”) granted by Air Group to the Grantee as to the number of shares of Air Group’s Common Stock first set forth below.

Sample 1
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ALASKA AIR GROUP, INC. STOCK UNIT AWARD AGREEMENT
Stock Unit Award Agreement • February 2nd, 2007 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

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

Sample 1
ALASKA AIR GROUP, INC. PERFORMANCE STOCK UNIT AWARD AGREEMENT
Performance Stock Unit Award Agreement • February 2nd, 2007 • 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 (“Air Group”), and (the “Participant”) evidences the award of stock units (the “Award”) granted by Air Group to the Participant as to the number of stock units (the “Stock Units”) first set forth below.

Sample 1
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