0001299933-07-001275 Sample Contracts

THE WILLIAMS COMPANIES, INC. 2002 INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT
The Williams Companies • March 1st, 2007 • Williams Companies Inc • Natural gas transmission

This Nonqualified Stock Option Agreement (“Option Agreement”) contains the terms of the Option (as defined below) granted to you in this Option Agreement. Certain other terms of the Option are defined in the Plan (as defined below).

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Contract
Performance-Based Restricted Stock Unit Agreement • March 1st, 2007 • Williams Companies Inc • Natural gas transmission

THIS 2007 PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock Units (referred to in The Williams Companies, Inc. 2002 Incentive Plan, as amended from time to time, as “Deferred Stock” and in this Agreement as “Restricted Stock Units” or “RSUs”) referred to in the 2007 Performance-Based Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2007 Award Letter”), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the “Company”), and the individual identified on the last page hereof (the “Participant”).

Contract
2007 Restricted Stock Unit Agreement • March 1st, 2007 • Williams Companies Inc • Natural gas transmission

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock Units (referred to in The Williams, Companies, Inc. 2002 Incentive Plan, as amended from time to time, as “Deferred Stock” and in this Agreement as “Restricted Stock Units” or “RSUs”) referred to in the 2007 Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2007 Award Letter”), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the “Company”) and the individual identified on the last page hereof (the “Participant”).

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