HYDRIL COMPANY NONEMPLOYEE DIRECTOR STOCK OPTION AGREEMENTHydril Company Nonemployee Director Stock Option Agreement • March 16th, 2005 • Hydril Co • Oil & gas field machinery & equipment • Delaware
This Option Agreement between Hydril Company (the “Company”) and «First_Name» «Middle_I» «Last_Name» (the “Optionee”), a nonemployee director of the Company or its Subsidiary, regarding Nonqualified Stock Options (as defined in the Hydril Company 2000 Incentive Plan (the “Plan”) granted to the Optionee on «Grant_Date»(the “Grant Date”) to purchase from the Company up to but not exceeding in the aggregate «Shares» shares of Common Stock (as defined in the Plan), at «Share_Price» per share, such number of shares and such price per share being subject to adjustment as provided in Section 15 of the Plan, and further subject to the following terms and conditions:
