0001104659-10-027656 Sample Contracts

HAWAIIAN ELECTRIC INDUSTRIES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • May 11th, 2010 • Hawaiian Electric Industries Inc • Electric services • Hawaii

THIS NON-QUALIFIED STOCK OPTION AGREEMENT (“Agreement”) is made and entered into as of [Date] (the “Date of Grant”), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Company”) and [Name], an employee of the Company or of a Subsidiary of the Company (the “Employee”). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc. (the “Plan”).

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HAWAIIAN ELECTRIC INDUSTRIES, INC. STOCK APPRECIATION RIGHT AGREEMENT
Stock Appreciation Right Agreement • May 11th, 2010 • Hawaiian Electric Industries Inc • Electric services • Hawaii

THIS STOCK APPRECIATION RIGHT AGREEMENT (“Agreement”) is made and entered into as of [Date] (the “Date of Grant”), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Company”) and [Name], an employee of the Company or of a Subsidiary of the Company (the “Employee”). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc. (the “Plan”).

DEFERRED SHARES AGREEMENT PURSUANT TO THE 2010 EQUITY AND INCENTIVE PLAN OF HAWAIIAN ELECTRIC INDUSTRIES, INC.
Deferred Shares Agreement • May 11th, 2010 • Hawaiian Electric Industries Inc • Electric services • Hawaii

This Deferred Shares Agreement (“Agreement”) is made and entered into as of [Date] (the “Date of Grant”), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Company”), and [Name] (the “Employee”). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc., as amended (the “Plan”).

PERFORMANCE SHARES AGREEMENT PURSUANT TO THE 2010 EQUITY AND INCENTIVE PLAN OF HAWAIIAN ELECTRIC INDUSTRIES, INC.
Performance Shares Agreement • May 11th, 2010 • Hawaiian Electric Industries Inc • Electric services • Hawaii

This Performance Shares Agreement (“Agreement”) is made and entered into as of [Date] (the “Date of Grant”), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Company”), and [Name] (the “Employee”). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc., as amended (the “Plan”).

RESTRICTED SHARES AGREEMENT PURSUANT TO THE 2010 EQUITY AND INCENTIVE PLAN OF HAWAIIAN ELECTRIC INDUSTRIES, INC.
Restricted Shares Agreement • May 11th, 2010 • Hawaiian Electric Industries Inc • Electric services • Hawaii

This Restricted Shares Agreement (“Agreement”) is made and entered into as of [Date] (the “Date of Grant”), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Company”), and [Name] (the “Employee”). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc., as amended (the “Plan”).

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