Time-Based Stock Option Grant Agreement Sample Contracts

MURPHY USA INC. FORM OF TIME-BASED OPTION GRANT AGREEMENT
Time-Based Stock Option Grant Agreement • November 8th, 2013 • Murphy USA Inc. • Retail-auto dealers & gasoline stations

This Option, granted on and dated [grant date], by Murphy USA Inc., a Delaware corporation (the “Company”), pursuant to and for the purposes of the 2013 Long-Term Incentive Plan (the “Plan”), is subject to the provisions set forth herein and in the Plan. This Option is designated a ‘non-qualified’ Option under the Plan.

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MURPHY USA INC. TIME-BASED OPTION GRANT AGREEMENT
Time-Based Stock Option Grant Agreement • February 19th, 2021 • Murphy USA Inc. • Retail-auto dealers & gasoline stations

This Option, granted on and dated [[GRANTDATE]] (the “Grant Date”), by Murphy USA Inc., a Delaware corporation (the “Company”), pursuant to and for the purposes of the 2013 Long-Term Incentive Plan as amended and restated effective as of February 9, 2017 (the “Plan”), is subject to the provisions set forth herein and in the Plan. This Option is designated a ‘non-qualified’ Option under the Plan. Capitalized terms not defined herein shall have the meaning set forth in the Plan.

MURPHY USA INC. TIME-BASED OPTION GRANT AGREEMENT
Time-Based Stock Option Grant Agreement • February 15th, 2023 • Murphy USA Inc. • Retail-auto dealers & gasoline stations

This Option, granted on and dated [[GRANTDATE]] (the “Grant Date”), by Murphy USA Inc., a Delaware corporation (the “Company”), pursuant to and for the purposes of the 2013 Long-Term Incentive Plan as amended and restated effective as of February 9, 2017 (the “Plan”), is subject to the provisions set forth herein and in the Plan. This Option is designated a ‘non-qualified’ Option under the Plan. Capitalized terms not defined herein shall have the meaning set forth in the Plan.

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