Alaska Airlines and Horizon Air 2009 Annual Report Download - page 81

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“Parent” means any corporation (other than the Company) in an unbroken chain of
corporations ending with the Company in which each corporation (other than the
Company) owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one or more of the other corporations in the chain.
“Participant” means an Eligible Employee who has elected to participate in this Plan
and who has filed a valid and effective Subscription Agreement to make
Contributions pursuant to Section 6.
“Participating Subsidiary” shall have the meaning given to such term in
Section 19(c).
“Plan” means this Alaska Air Group, Inc. 2010 Employee Stock Purchase Plan, as it
may be amended or restated from time to time.
“Subscription Agreement” means the written agreement or applicable electronic
form of agreement filed by an Eligible Employee with the Company pursuant to
Section 6 to participate in this Plan.
“Subsidiary” means any corporation (other than the Company) in an unbroken chain
of corporations (beginning with the Company) in which each corporation (other than
the last corporation) owns stock possessing 50% or more of the total combined
voting power of all classes of stock in one or more of the other corporations in the
chain.
ELIGIBILITY
Any person employed as an Eligible Employee as of a Grant Date shall be eligible to
participate in this Plan during the Offering Period in which such Grant Date occurs, subject
to the Eligible Employee satisfying the requirements of Section 6.
STOCK SUBJECT TO THIS PLAN; SHARE LIMITATIONS
Aggregate Share Limit. Subject to the provisions of Section 17, the capital stock that
may be delivered under this Plan will be shares of the Company’s authorized but unissued
Common Stock. The maximum number of shares of Common Stock that may be delivered
pursuant to Options granted under this Plan is 2,000,000 shares, subject to adjustments
pursuant to Section 17.
Individual Share Limit. The maximum number of shares of Common Stock that any one
individual may acquire upon exercise of his or her Option with respect to any one Offering
Period is 2,000, subject to adjustments pursuant to Section 17 (the “Individual Limit”).
The Committee may amend the Individual Limit, effective no earlier than the first Offering
Period commencing after the adoption of such amendment, without stockholder approval.
Shares Not Actually Delivered. Shares that are subject to or underlie Options, which for
any reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason
are not paid or delivered under this Plan shall again, except to the extent prohibited by
law, be available for subsequent Options under this Plan.
OFFERING PERIODS
During the term of this Plan, the Company will grant Options to purchase shares of
Common Stock in each Offering Period to all Participants in that Offering Period. Unless
A-3