0000108312-18-000023 Sample Contracts

Non-Qualified Stock Option Agreement
Non-Qualified Stock Option Agreement • November 13th, 2018 • Woodward, Inc. • Electrical industrial apparatus

Woodward, Inc., a Delaware corporation (the “Company”), hereby grants Non-Qualified Stock Options (or NQs) to you (the “Grantee”) under the Company’s 2017 Omnibus Incentive Plan (the “Plan”) in the amount described in your E*TRADE account for this year’s grant, with reference to the following facts:

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Restricted Stock Unit Agreement
Restricted Stock Unit Agreement • November 13th, 2018 • Woodward, Inc. • Electrical industrial apparatus • Delaware

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), entered into between (Name) (the “Participant”) and WOODWARD, INC., a Delaware corporation (the “Company”), hereby grants an award of Restricted Stock Units (as defined below) to the Participant as of __, ____ (the “Grant Date”) with reference to the facts described in the recitals below. Capitalized terms used in this Agreement that are not otherwise defined herein shall have the meanings ascribed to them in the Woodward, Inc. 2017 Omnibus Incentive Plan (the “Plan”).

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