AFLAC JAPAN EMPLOYEE STOCK OPTION AGREEMENT (NON-QUALIFYING STOCK OPTION) Non-Transferable AFLAC INCORPORATED Columbus, Georgia 31999 (hereinafter called the Company) [GRANTEE'S NAME]

Grant of the Option. This Option is granted effective as of [DATE] (the “Date of Option Grant”). The Number of Option Shares and the exercise price per share of the Option are subject to adjustment from time to time as provided in Section 3(c) of the Plan.

Status of the Option. This Option is not intended to qualify as an “Incentive Stock Option” (“ISO”) (within the meaning of Section 422 of the US Internal Revenue Code of 1986, as amended) (the “Code”).

Term of the Option. This Option shall terminate and may no longer be exercised on the first to occur of (a) the date ten (10) years after the Date of Option Grant (the “Option Term Date”), (b) the last date for exercising the Option following termination of the Grantee's employment with the Company and all of its Affiliates as described in Paragraph 5 (b) below, or (c) upon a corporate reorganization as described in Section 3(d) of the Plan.

Non-assignability. Upon the death of a Grantee, outstanding Options may be exercised only by the executor or administrator of the Grantee's estate or by a person who shall have acquired the right to such exercise by will or by the laws of descent and distribution. No transfer of an Option by will or the laws of descent and distribution shall be effective to bind the Company unless the Committee shall have been furnished with (i) written notice thereof and with a copy of the will and/or such evidence as the Committee may deem necessary to establish the validity of the transfer and (ii) an agreement by the transferee to comply with all the terms and conditions of the Option that are or would have been applicable to the Grantee and to be bound by the acknowledgments made by the Grantee in connection with the grant of the Option. During the lifetime of a Grantee, the Committee may, in its sole discretion, permit the transfer of an outstanding Option. Subject to the approval of the Committee and to any conditions that the Committee may prescribe, a Grantee may, upon providing written notice to the Secretary of the Company, elect to transfer any or all Options granted to such Grantee pursuant to the Plan to members of his or her immediate family (including, but not limited to, children, grandchildren and spouse or to trusts for the benefit of such immediate family members or to partnerships in which such family members are the only partners) or to other persons or entities approved by the Committee; provided, however, that no such transfer by any Grantee may be made in exchange for consideration.

Right to Exercise. Unless otherwise determined by the Committee and set forth upon the attached Notice of Grant of Stock Options and Stock Option Agreement, this Option shall be exercisable immediately on the Date of Option Grant.

Duration of the Option. This Option shall automatically and without notice terminate and become null and void on the earliest to occur of the following:

Payment shall be made in cash (which may be borrowed in accordance with Paragraph 2 below) or by tender of previously held Common Stock, under procedures established by the Committee pursuant to Section 7(c)(iii) of the Plan. In such a case, the current fair market value of the shares tendered as of the date of the Company's receipt of notice of exercise, given pursuant to Paragraph 5(c) herein, “Method of Exercise”, shall be treated as payment of the corresponding amount of the purchase price of the shares being acquired under the Option.

If the Grantee is an officer of the Company subject to the share ownership guidelines for officers on the date of the Option but is not an officer of the Company subject to the restrictions of Section 16(b) of the Exchange Act or an executive officer as defined in Rule 3b-7 of the Exchange Act on the date of the exercise of the Option may, upon exercise of this Option, the Grantee may borrow all or an established part of the purchase price from the Company at an interest rate such that there is neither a necessity to avoid “imputed interest” under Section 483 of the Code, nor “foregone interest” under Section 7872 of the Code. The full amount borrowed according to the terms and conditions established by the Secretary of the Company in the “Employee Stock Option Note”; and related legal documents and furthermore shall be subject to such requirements and procedures as the Committee shall from time to time determine, consistent with applicable law or regulations. All loans associated with said stock shall be paid in full (interest plus principal) upon termination of employment (other than death, total disability and/or retirement, and at the discretion of the Secretary of the Company in the case of a transfer between the employment of the Company and association with the Company as a licensed sales associate) with the Company or upon the sale of any said stock.

The Secretary of the Company shall have full authority to direct the proper officers of the Company to issue or transfer shares of Common Stock pursuant to the exercise of an Option granted under this Option Agreement. As soon as practicable after its receipt of such notice and payment, the Company shall cause the shares so purchased to be issued to the Grantee or to the person authorized to exercise the Option after his or her death, as the case may be, and shall promptly thereafter cause one or more certificates for such shares to be delivered to such Grantee or other person. The holding periods referred to in Section 6 herein; “Conditions on Grantee's Sale of Shares” shall be measured from the date of issuance.

Unless the Company has filed an effective Registration Statement, pursuant to the Securities Act of 1933, covering the shares offered under this Option, the Grantee, upon purchasing shares shall be required to represent to the Company at that time that he or she is acquiring such shares for investment purposes and not with a view to their sale or distribution, and for such shares shall have printed or stamped thereon appropriate language, as determined by the Secretary of the Company.

The Secretary of the Company may, at his or her discretion, require the Grantee, on any exercise of an Option granted thereunder or any portion thereof and as a condition to the Company's obligation to accept the notice of exercise and to deliver the shares subject to exercise, to take such action as is, in his or her sole judgment, necessary or prudent to insure that issuance of the shares of Common Stock pursuant to exercise of the Option shall be in compliance with applicable law.

No Contract of Employment. Nothing in this Stock Option Agreement, nor any action taken by the Secretary of the Company related to his or her responsibilities associated with this Stock Option Agreement shall create any right on the part of the Grantee or any other person to enter into or continue in the employ of (or as a director) of the Company or an Affiliate, or affect the right of the Company or Affiliate to terminate the Grantee's employment at any time, subject to the provisions of law or any agreement for consulting services or contract of employment between the Company or Affiliate and the Grantee.

No Rights as Shareholder. The Grantee shall not have any voting or dividend rights or any other rights of a shareholder in respect of any shares of Common Stock covered by this Option prior to the time that the Grantee's name is recorded on the Company's shareholder ledger as the holder of record of such shares acquired pursuant to an exercise of the Option.

Applicable Law. This Option Agreement shall be governed by, and construed in accordance with, the laws of the State of Georgia, except to the extent that federal law is controlling.

Subject to Plan. Except as may be specifically set forth herein or upon the Notice of Grant of Stock Options and Option Agreement, the rights of the Grantee are subject to all of the terms and conditions of the Plan, the provisions of which are herein incorporated by reference herein.