KEY ENERGY GROUP, INC. STOCK APPRECIATION RIGHT AGREEMENTStock Appreciation Right Agreement • August 24th, 2007 • Key Energy Services Inc • Drilling oil & gas wells • Maryland
This Stock Appreciation Right Agreement (this “Agreement”) made as of the _____ day of _______________, 2007 (the “Grant Date”), by and between Key Energy Services, Inc., a Maryland corporation (the “Company”), and ____________________ (the “Grantee”), evidences the grant by the Company of a Stock Appreciation Right (“SAR”) to the Grantee on such date and the Grantee’s acceptance of the SAR in accordance with the provisions of the Key Energy Group, Inc. 1997 Incentive Plan (the (“Plan”). All capitalized terms not defined herein shall have the meanings ascribed to them in the Plan.
