Attached files
October 22, 2009
Mr. W.
Allen Doane
Honolulu,
HI 96816
Dear
Allen:
This letter confirms the agreement
between Alexander & Baldwin, Inc. (the “Company”) and you with respect to
the following:
1. The
effective date of your retirement is January 31, 2010. Commencing on
February 1, 2010, and until the later to occur of (a) your 65th
birthday or (b) your termination or retirement as a director of the Company, the
Company will provide you with the following:
(i)Office space on the first floor of
the Alexander & Baldwin Building.
(ii)Parking space in the Alexander &
Baldwin Building garage.
(iii)Administrative support of
approximately 10 hours per month.
(iv)Access to and use of the Company‘s
email system.
(v)Reimbursement for actual and
reasonable out-of-pocket expenses, including, without limitation, travel and
other necessary expenses, directly incurred in connection with any cooperation
and/or assistance, other than acting in the capacity of a director of the
Company, rendered at the request of the Company, but not including lost
compensation from other sources. You will be compensated for
such cooperation and/or assistance at an hourly rate of $700.
Please
indicate your agreement with the terms of this letter by signing in the space
provided below. Thank you.
Yours very truly,
/s/ Stanley M. Kuriyama
Stanley M. Kuriyama
President
Agreed
and accepted:
/s/ W. Allen
Doane
W. Allen
Doane
Date: October
22, 2009