FORM OF HYDRIL COMPANY CHANGE IN CONTROL RENEWAL AGREEMENT WITH EXECUTIVE OFFICERS HYDRIL COMPANY 3300 North Sam Houston Parkway East Houston, Texas 77032Change in Control Renewal Agreement • February 18th, 2005 • Hydril Co • Oil & gas field machinery & equipment
Hydril Company (the “Corporation”) considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. In connection with this, the Corporation’s Board of Directors (the “Board”) recognizes that, as is the case with many corporations, the possibility of a change in control of the Corporation may exist and that such possibility, uncertainty, and questions that it may raise among management, could result in the departure or distraction of management personnel to the detriment of the Corporation and its stockholders.
