0001193125-09-040421 Sample Contracts

RAYONIER INCENTIVE STOCK PLAN NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Rayonier Incentive Stock Plan • February 27th, 2009 • Rayonier Inc • Real estate investment trusts • Florida

THIS AGREEMENT is made by and between Rayonier Inc. (the “Company”) and the individual accepting and agreeing to the terms hereof (the “Optionee”), pursuant to the Rayonier Incentive Stock Plan (the “Plan”), effective upon such execution. (Terms not defined herein have the same meaning as in the Plan.)

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