HYDRIL COMPANY INCENTIVE STOCK OPTION AGREEMENTHydril Company Incentive Stock Option Agreement • March 16th, 2005 • Hydril Co • Oil & gas field machinery & equipment • Delaware
This Option Agreement between Hydril Company (the “Company”) and «Name» (the “Optionee”), an employee of the Company or its Subsidiary, regarding Incentive Stock Options (as defined in the Hydril Company 2000 Incentive Plan (the “Plan”)) granted to the Optionee on «Grant_Date» (the “Grant Date”) to purchase from the Company up to but not exceeding in the aggregate «Options» shares of Common Stock (as defined in the Plan), at «Per_Share» per share, such price being at least equal to the Fair Market Value per share of Common Stock on the Grant Date (or, if the Optionee owns more than 10% of the total combined voting power of all classes of stock of the Company or any of its affiliates as of the date of this grant, such price being at least equal to 110% of the Fair Market Value per share of Common Stock on the Grant Date), such number of shares and such price per share being subject to adjustment as provided in Section 15 of the Plan, and further subject to the following terms and condit
