EX-10.2
NPK International Inc.
NPK INTERNATIONAL INC.
FORM OF PERFORMANCE SHARE UNIT AGREEMENT
1.Grant of Performance Share Units.
(a)Subject to the terms and conditions described in this agreement (the “Award Agreement”) and in the Second Amended and Restated Newpark Resources, Inc. 2015 Equity Incentive Plan, as it may be amended from time to time (the “Plan”), NPK International Inc., a Delaware corporation (the “Company”), hereby grants to the below individual (the “Participant”), the target number of Performance Share Units set forth below (this “Award” or the “PSUs”) as of the date of grant set forth below (the “Date of Grant”). The PSUs constitute an award of Restricted Stock Units under the Plan. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan, the terms of which are incorporated herein by reference.
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