PERIOD BEGINNING NUMBER OF SHARES PURCHASABLE ------------------------------------------------------------------- ______________, 2004 ______________, 2005 ______________, 2006Todco • February 10th, 2004 • Drilling oil & gas wells
EXHIBIT 4.8 [TODCO LETTERHEAD] [INSERT NAME] [INSERT ADDRESS] Dear _________: Effective as of ____________ (the "Award Date"), TODCO (the "Company") hereby grants to you ________ restricted shares ("Restricted Stock") of the Company's Class A Common...Todco • February 10th, 2004 • Drilling oil & gas wells
Effective as of ____________ (the "Award Date"), TODCO (the "Company") hereby grants to you ________ restricted shares ("Restricted Stock") of the Company's Class A Common Stock ("Common Stock") in accordance with the TODCO Long-Term Incentive Plan (the "Plan"). Your award is more fully described in the attached Appendix A, Terms and Conditions of Employee Restricted Stock Award.
