Exhibit 10.1
NOV INC. LONG-TERM INCENTIVE PLAN
Non-Employee Director Restricted Stock Unit Agreement
Grantee: | «Name» |
Date of Grant: | May ___, 202__ |
Number of Restricted Stock Units Granted: | «Shares» |
NUMBER OF FULL YEARS FROM DATE OF GRANT | VESTED PERCENTAGE |
Less than 1 year | 0% |
1 year or more | 100% |
Distributions on a share of Restricted Stock Units may be held by the Company without interest until the Restricted Stock Units with respect to which the distribution was made becomes vested or is forfeited and then will be paid to you or forfeited, as the case may be.
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7. Director Relationship. Any question as to whether and when there has been a termination of your director relationship with the Company, and the cause of such termination, shall be determined by the Committee and its determination shall be final.
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