UNOCAL CORPORATION (“Company”) NONQUALIFIED STOCK OPTION AGREEMENT (Annual Grant)Unocal Corporation • March 11th, 2004 • Unocal Corp • Crude petroleum & natural gas • Delaware
THIS OPTION AGREEMENT is between the Company and the Optionee named below and evidences the Company’s grant to the Optionee of a Nonqualified Stock Option to purchase authorized but unissued or treasury shares of the Company’s Common Stock. The Option is granted pursuant to and subject to the Company’s 2001 Directors’ Deferred Compensation and Stock Award Plan (the “2001 Plan”) and the Terms and Conditions for Stock Options Granted Under the 2001 Plan (the “Terms”), incorporated herein by this reference.
