ALEXANDER & BALDWIN, INC. UNIVERSAL STOCK OPTION AGREEMENT FOR SUBSTITUTE OPTIONSUniversal Stock Option Agreement • June 29th, 2012 • A & B II, Inc. • Real estate • Hawaii
UNIVERSAL STOCK OPTION AGREEMENT made and entered into as of the close of market on the 29th day of June 2012 by and between Alexander & Baldwin, Inc., a Hawaii corporation (the “Corporation”), and , an individual in the employ or service of the Corporation who is currently the holder (the “Optionee”) of one or more outstanding stock option grants under the Alexander & Baldwin, Inc. 2007 Incentive Compensation Plan (as amended and restated) that has been assumed by Alexander & Baldwin Holdings, Inc. (the “Holdings 2007 Plan”).
