0000950170-23-064764 Sample Contracts

Non-Qualified Stock Option Agreement For Employees and Consultants
Qualified Stock Option Agreement • November 17th, 2023 • Woodward, Inc. • Electrical industrial apparatus

Woodward, Inc., a Delaware corporation (the “Company”), hereby grants Non-Qualified Stock Options (or “options”) to you (the “Participant”) 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 For Non-Employee Directors
Restricted Stock Unit Agreement • November 17th, 2023 • Woodward, Inc. • Electrical industrial apparatus • Delaware

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), entered into between you (the “Participant”) and WOODWARD, INC., a Delaware corporation (the “Company”), hereby grants an award of Restricted Stock Units (or “RSUs”, as defined below) to the Participant as of the grant date set forth in Section 1 below (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”).

Performance Restricted Stock Unit Agreement
Performance Restricted Stock Unit Agreement • November 17th, 2023 • Woodward, Inc. • Electrical industrial apparatus • Delaware

This Performance 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 Performance Restricted Stock Units (the “Award”) to the Participant as of __, ____ (the “Start Date”). By accepting this Agreement, the Participant is agreeing to all of the terms of this Agreement, including (but not limited to) Section 25 regarding important acknowledgements by the Participant regarding this Award. 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”).

Non-Qualified Stock Option Agreement For Non-Employee Directors
Qualified Stock Option Agreement • November 17th, 2023 • Woodward, Inc. • Electrical industrial apparatus

Woodward, Inc., a Delaware corporation (the “Company”), hereby grants Non-Qualified Stock Options (or “options”) to you (the “Participant”) 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:

Restricted Stock Unit Agreement For Employees and Consultants
Restricted Stock Unit Agreement • November 17th, 2023 • Woodward, Inc. • Electrical industrial apparatus • Delaware

THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), entered into between you (the “Participant”) and WOODWARD, INC., a Delaware corporation (the “Company”), hereby grants an award of Restricted Stock Units (or “RSUs”, as defined below) to the Participant as of the grant date set forth in Section 1 below (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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