0000004977-16-000309 Sample Contracts

EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Employee Restricted Stock Award Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

This Employee Restricted Stock Award Agreement (the “Agreement”) is made this [DAY] day of [MONTH, YEAR], by and between the Company and [Participant’s Name] (the “Participant”), subject to the terms and conditions of this Agreement, the attached Notice of Grant of Restricted Stock (the “Notice of Grant”), which forms a part hereof, and the Aflac Incorporated 2004 Long-Term Incentive Plan (as Amended and Restated March 14, 2012) (the “Plan”).

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EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

This Employee Restricted Stock Award Agreement (the “Agreement”) is made this [DAY] day of [MONTH, YEAR], by and between the Company and [Participant’s Name] (the “Participant”), subject to the terms and conditions of this Agreement, the attached Notice of Grant of Restricted Stock (the “Notice of Grant”), which forms a part hereof, and the Aflac Incorporated 2004 Long-Term Incentive Plan (as Amended and Restated March 14, 2012) (the “Plan”).

EMPLOYEE STOCK OPTION AGREEMENT (INCENTIVE STOCK OPTION)
Employee Stock Option Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

The Company’s Board of Directors hereby grants to [Grantee’s Name] (hereinafter called the “Grantee”) the option to purchase [NUMBER] shares of common stock of the Company (“Common Stock”) at the price of $[PRICE] per share, under the terms and conditions of this Stock Option Agreement and subject to the terms of the Aflac Incorporated 2004 Long-Term Incentive Plan (the “Plan”) originally adopted by the Company’s Board of Directors on February 10, 2004, and by the Company’s shareholders on May 3, 2004, and subsequently amended and restated by the Company’s Board of Directors on March 14, 2012 and approved by the Company’s shareholders on May 7, 2012. Unless otherwise specified herein, terms not defined herein shall have the meanings ascribed to them in the Plan.

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT AFLAC INCORPORATED
Restricted Stock Award Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

This restricted stock award agreement (the “Agreement”) is made this «date» day of «monthyear», by and between Aflac Incorporated, a Georgia corporation, (the “Company”), and «name», a resident of «citystate», (“Participant”).

NON-EMPLOYEE DIRECTOR STOCK OPTION AGREEMENT (NON-QUALIFYING STOCK OPTION)
Non-Employee Director Stock Option Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

Pursuant to Section 12 of the 2004 Aflac Incorporated Long-Term Incentive Plan (as Amended and Restated March 14, 2012) (the “Plan”), originally adopted by the Company’s Board of Directors on February 10, 2004, and originally approved by the shareholders of the Company on May 3, 2004, «Name» (the "Grantee") is hereby granted by action of the Board of Directors an option (the "Option") to purchase «shares» shares (the "Option Shares") of common stock of the Company, par value $0.10 per share ("Company Stock"), at the price of «price» per share, subject to the terms and conditions of this Stock Option Agreement (this "Agreement") and subject to the terms of the Plan.

EMPLOYEE RESTRICTED STOCK UNIT AWARD AGREEMENT
Employee Restricted Stock Unit Award Agreement • May 4th, 2016 • Aflac Inc • Accident & health insurance • Georgia

This Employee Restricted Stock Unit Award Agreement (the “Agreement”) is made this «date» day of «monthyear», by and between the “Company” and «name» (the “Participant”), subject to the terms and conditions of this Agreement, the attached Notice of Grant of Restricted Stock Units (the “Notice of Grant”), which forms a part hereof, and the Aflac Incorporated 2004 Long-Term Incentive Plan (as Amended and Restated March 14, 2012) (the “Plan”).

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