ContractPerformance Unit Award Agreement • January 28th, 2014 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED PERFORMANCE UNIT AWARD AGREEMENT AWARD OF PERFORMANCE UNITS PAYABLE IN SHARES The Compensation Committee (the “Committee”) of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), hereby awards to you, the above named Participant, effective as of the Grant Date set forth above (the “Grant Date”), that number of Performance Units set forth above (each, a “Performance Unit”, and collectively, the “Performance Units”), on the terms and conditions set forth in this Performance Unit Award Agreement (this “Agreement”).Each Performance Unit provides you an opportunity to earn a payment in shares of the Company’s Common Stock, $1.00 par value per share (the “Common Stock”) based upon the achievement of certain performance goals established by the Committee (the “Performance Goals”) for the three-year period beginning Janua
ContractStock Option Agreement • January 28th, 2014 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED STOCK OPTION AGREEMENT GRANT OF OPTION The Compensation Committee of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), hereby grants to you, the above-named Participant, effective as of the Grant Date set forth above (the “Grant Date”), an incentive stock option to purchase the number of shares of the Company’s $1.00 par value per share common stock at the exercise price set forth above for each share subject to this option, subject to adjustment as provided in the Plan. The option is exercisable in installments in accordance with the Vesting Schedule set forth above with the exercise price payable at the time of exercise. To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part until the option terminates. Notwithstanding any other provision of this Stock Option Agreem
ContractRestricted Stock Unit Award Agreement • January 28th, 2014 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED RESTRICTED STOCK UNIT AWARD AGREEMENT AWARD OF RESTRICTED STOCK UNITS PAYABLE IN SHARES The Compensation Committee (the “Committee”) of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), hereby awards to you, effective as of Grant Date set forth above (the “Grant Date”), that number of restricted stock units set forth above (the “Restricted Stock Units”), on the following terms and conditions: The Restricted Stock Units that are awarded hereby to you shall be subject to the prohibitions and restrictions set forth herein with respect to the sale or other disposition of such Restricted Stock Units and the obligation to forfeit and surrender such Restricted Stock Units to the Company (the “Forfeiture Restrictions”). Subject to certain stockholder approval described below, the Forfeiture Restrictions shall lapse as to t
ContractRestricted Stock Award Agreement • January 28th, 2014 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED RESTRICTED STOCK AWARD AGREEMENT AWARD OF RESTRICTED STOCK The Compensation Committee (the Committee) of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the Company), pursuant to the Baker Hughes Incorporated 2002 Director Officer Long-Term Incentive Plan (the Plan), hereby awards to you, effective as of the Grant Date set forth above (the Grant Date), that number of shares (the Shares) of the Companys Common Stock, $1.00 par value per share (the Common Stock), set forth above as Restricted Stock on the following terms and conditions: During the Restricted Period, the Shares of Restricted Stock will be evidenced by entries in the stock register of the Company reflecting that such Shares of Restricted Stock have been issued in your name. For purposes of this Agreement, the term Restricted Period means the period designated by the Committee during which the Shares may not be sold, assigned, transferred, pledged, or otherwise encumber
ContractStock Option Agreement • January 28th, 2014 • Baker Hughes Inc • Oil & gas field machinery & equipment
BAKER HUGHES INCORPORATED STOCK OPTION AGREEMENT GRANT OF OPTION The Compensation Committee of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), hereby grants to you, the above-named Participant, effective as of the Grant Date set forth above (the “Grant Date”), a nonqualified stock option to purchase the total number of shares of the Company’s $1.00 par value per share common stock (“Common Stock”) at the exercise price set forth above for each share subject to the option, subject to adjustment as provided in the Plan. The option is exercisable in installments in accordance with the Vesting Schedule set forth above with the exercise price payable at the time of exercise. To the extent not exercised, installments shall be cumulative and may be exercised in whole or in part until the option terminates. Notwithstanding any other provision of
