0000950134-07-003977 Sample Contracts

WEATHERFORD INTERNATIONAL LTD. FORM OF RESTRICTED SHARE AWARD AGREEMENT
Restricted Share Award Agreement • February 23rd, 2007 • Weatherford International LTD • Drilling oil & gas wells • Texas

This Restricted Share Award Agreement (this “Agreement”) is made and entered into by and between Weatherford International Ltd., a Bermuda exempted company (the “Company”), and ___(the “Holder”) effective as of the ___day of ___, 200___, pursuant to the Weatherford International Ltd. 2006 Omnibus Incentive Plan (the “Plan”), which is incorporated by reference herein in its entirety.

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WEATHERFORD INTERNATIONAL LTD. 2006 OMNIBUS INCENTIVE PLAN FORM OF STOCK OPTION AGREEMENT
Form of Stock Option Agreement • February 23rd, 2007 • Weatherford International LTD • Drilling oil & gas wells • Texas

Under the terms and conditions of the Weatherford International Ltd. 2006 Omnibus Incentive Plan (the “Plan”), a copy of which is attached hereto and incorporated in this Agreement by reference, Weatherford International Ltd.. (the “Company”) grants to ___(the “Optionee”) the option to purchase ___common shares, par value U.S.$1.00 per share, (“Common Shares”) of the Company at the price of U.S.$ per share, subject to adjustment as provided in the Plan (the “Option”), as follows:

WEATHERFORD INTERNATIONAL LTD. FORM OF RESTRICTED SHARE UNIT AWARD AGREEMENT
Restricted Share Unit Award Agreement • February 23rd, 2007 • Weatherford International LTD • Drilling oil & gas wells • Texas

This Restricted Share Unit Award Agreement (this “Agreement”) is made and entered into by and between Weatherford International Ltd., a Bermuda exempted company (the “Company”), and _________ (the “Holder”) effective as of the ___ day of _________, 200___, pursuant to the Weatherford International Ltd. 2006 Omnibus Incentive Plan (the “Plan”), which is incorporated by reference herein in its entirety.

WEATHERFORD INTERNATIONAL LTD. 2006 OMNIBUS INCENTIVE PLAN STOCK OPTION AGREEMENT
Incentive Plan • February 23rd, 2007 • Weatherford International LTD • Drilling oil & gas wells • Texas

Under the terms and conditions of the Weatherford International Ltd. 2006 Omnibus Incentive Plan (the “Plan”), a copy of which is attached hereto and incorporated in this Agreement by reference, Weatherford International Ltd.. (the “Company”) grants to ___(the “Optionee”) the option to purchase ___common shares, par value U.S.$1.00 per share, (“Common Shares”) of the Company at the price of U.S.$___ per share, subject to adjustment as provided in the Plan (the “Option”), as follows:

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