PARKER DRILLING COMPANY FORM OF STOCK OPTION INCENTIVE AGREEMENTStock Option Incentive Agreement • March 26th, 2019 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS STOCK OPTION INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and [ ], an employee of the Company (“Grantee”), as of March 26, 2019 (the “Grant Date”). The Stock Options granted to Grantee pursuant to this Agreement shall be granted under the Parker Drilling Company 2019 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”), and are subject to the terms and conditions of the Plan. The Plan is hereby incorporated herein in its entirety by this reference and capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.
