0000950129-05-002479 Sample Contracts

STOCK OPTION AWARD AGREEMENT
Stock Option Award Agreement • March 16th, 2005 • Parker Drilling Co /De/ • Drilling oil & gas wells

THIS STOCK OPTION AWARD AGREEMENT (this “Agreement”) is made and entered into as of [date] by and between Parker Drilling Company, a Delaware corporation (“Parker”), and the below named individual (“Participant”).

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STOCK GRANT AGREEMENT
Stock Grant Agreement • March 16th, 2005 • Parker Drilling Co /De/ • Drilling oil & gas wells

STOCK GRANT AGREEMENT dated as of [date] between PARKER DRILLING COMPANY, a Delaware corporation (the “Company”), and [name of Holder], an employee of the Company or one of its subsidiaries (the “Holder”).

RESTRICTED STOCK AWARD AGREEMENT [date]
Restricted Stock Award Agreement • March 16th, 2005 • Parker Drilling Co /De/ • Drilling oil & gas wells
SEPARATION AGREEMENT AND RELEASE
Separation Agreement • March 16th, 2005 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas

THIS SEPARATION AGREEMENT AND RELEASE (this “Agreement”) is made by and between Parker Drilling Company (“Company”) and Robert F. Nash (“Employee”).

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