RESTRICTED STOCK AGREEMENT NABORS INDUSTRIES, INC.Restricted Stock Agreement • May 2nd, 2013 • Nabors Industries LTD • Drilling oil & gas wells • Delaware
This Restricted Stock Grant (“Restricted Stock Grant”) between Nabors Industries, Inc. (“NII”), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”), and Anthony G. Petrello (“Grantee”), an Eligible Recipient, contains the terms and conditions under which the Compensation Committee of the Board of Directors (the “Committee”) of NIL, has awarded to Grantee, as of (the “Date of Grant”) and pursuant to the Nabors Industries, Inc. 2003 Employee Stock Plan (“2003 Plan”), certain restricted common shares of the Company to incentivize Grantee to contribute to the success of the Company. The applicable terms of the 2003 Plan are incorporated in this Restricted Stock Grant by reference, including the definitions of terms contained in the 2003 Plan.
