Universal Stock Option Agreement for Substitute Options Sample Contracts

ALEXANDER & BALDWIN, INC. UNIVERSAL STOCK OPTION AGREEMENT FOR SUBSTITUTE OPTIONS
Universal Stock Option Agreement for Substitute Options • June 29th, 2012 • A & B II, Inc. • Real estate • Hawaii

UNIVERSAL STOCK OPTION AGREEMENT FOR SUBSTITUTE OPTIONS 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 “Company”), and , an individual in the employ of the Company who is currently the holder (“Optionee”) of one or more outstanding stock option grants under the Alexander & Baldwin, Inc. 1998 Stock Option/Stock Incentive Plan (as amended and restated) that has been assumed by Alexander & Baldwin Holdings, Inc. (the “Holdings 1998 Plan”).

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ALEXANDER & BALDWIN, INC. UNIVERSAL STOCK OPTION AGREEMENT FOR SUBSTITUTE OPTIONS
Universal Stock Option Agreement for Substitute Options • June 29th, 2012 • A & B II, Inc. • Real estate • Hawaii

UNIVERSAL STOCK OPTION AGREEMENT FOR SUBSTITUTE OPTIONS 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 “Company”), and , an individual in the service of the Company who is currently the holder (the “Optionee”) of one or more outstanding stock option grants under the Alexander & Baldwin, Inc. 1998 Non-Employee Director Stock Option Plan (as amended and restated) that has been assumed by Alexander & Baldwin Holdings, Inc. (the “Holdings Director Plan”).

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