HYDRIL CHANGE IN CONTROL EXTENSION AGREEMENT HYDRIL COMPANYControl Extension Agreement • March 10th, 2006 • Hydril Co • Oil & gas field machinery & equipment
Hydril Company (the “Corporation”) considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. In connection with this, the Corporation’s Board of Directors (the “Board”) recognizes that, as is the case with many corporations, the possibility of a change in control of the Corporation may exist and that such possibility, uncertainty, and questions that it may raise among management, could result in the departure or distraction of management personnel to the detriment of the Corporation and its stockholders.
