0001193125-08-120715 Sample Contracts

ALASKA AIR GROUP, INC. STOCK UNIT AWARD AGREEMENT
Stock Unit Award Agreement • May 22nd, 2008 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

THIS STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated , by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and (the “Participant”) evidences the award of restricted stock units (the “Award”) granted by the Corporation to the Participant as to the number of stock units (the “Stock Units”) first set forth below.

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ALASKA AIR GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • May 22nd, 2008 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Option Agreement”) dated , by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and (the “Grantee”) evidences the nonqualified stock option (the “Option”) granted by the Corporation to the Grantee as to the number of shares of the Corporation’s Common Stock first set forth below.

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ALASKA AIR GROUP, INC. DIRECTOR DEFERRED STOCK UNIT AWARD AGREEMENT
Director Deferred Stock Unit Award Agreement • May 22nd, 2008 • Alaska Air Group Inc • Air transportation, scheduled • Delaware

THIS DIRECTOR DEFERRED STOCK UNIT AWARD AGREEMENT (this “Agreement”) dated , by and between ALASKA AIR GROUP, INC., a Delaware corporation (the “Corporation”), and (the “Director”) evidences the award of stock units (the “Award”) granted by the Corporation to the Director as to the number of stock units (the “Stock Units”) first set forth below.

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