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0000060849-08-000017 Sample Contracts

SEVERANCE AGREEMENT
Severance Agreement • May 13th, 2008 • Lufkin Industries Inc • General industrial machinery & equipment • Texas

THIS SEVERANCE AGREEMENT (“Agreement”) is made and entered into as of May 7, 2008, by and between LUFKIN INDUSTRIES, INC., a Texas corporation (the “Company”) and Christopher L. Boone of Lufkin, Texas (the “Executive”).

Standard Contracts

LUFKIN INDUSTIES, INC. NONEMPLOYEE DIRECTOR STOCK OPTION AGREEMENT
Nonemployee Director Stock Option Agreement • May 13th, 2008 • Lufkin Industries Inc • General industrial machinery & equipment • Texas

Agreement made effective the _____ day of ____, 2008, (the "Grant Date") between Lufkin Industries, Inc., a Texas corporation (the "Company"), and ___________ ("Optionee").

LUFKIN INDUSTRIES, INC. STOCK OPTION AGREEMENT
Stock Option Agreement • May 13th, 2008 • Lufkin Industries Inc • General industrial machinery & equipment • Texas

Agreement made effective the ___ day of ______, 2008 (the “Grant Date”) between Lufkin Industries, Inc., a Texas corporation (the "Company"), and ___________ ("Optionee"). Except as otherwise defined herein, capitalized terms shall have the meaning set forth in the Lufkin Industries, Inc. Incentive Stock Compensation Plan 2000 (the "Plan").