Waters Corporation 2003 Equity Incentive Plan Director Stock Option Agreement

Summary

This agreement is between Waters Corporation and one of its directors, granting the director the right to purchase company stock at a set price under the 2003 Equity Incentive Plan. The option vests over five years, with 20% becoming exercisable each year, and expires after ten years or earlier if the director's association with the company ends. The agreement outlines exercise procedures, transfer restrictions, and references the plan's terms. It also notes that tax consequences are the responsibility of the director.

EX-10.27 2 b52084wcexv10w27.txt EX-10.27 FORM OF DIRECTOR STOCK OPTION AGREEMENT Exhibit 10.27 WATERS CORPORATION 2003 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT THIS AGREEMENT dated as of <> between Waters Corporation, a corporation organized under the laws of the State of Delaware (the "Company"), and <> (the "Optionee"), a director of Waters Corporation. 1. GRANT OF OPTION. Pursuant and subject to the Company's 2003 Equity Incentive Plan (as the same may be amended from time to time, the "Plan"), the Company grants to you, the Optionee, an option (the "Option") to purchase from the Company all or any part of a total of <> shares (the "Optioned Shares") of the common stock, par value $.01 per share, in the Company (the "Stock"), at a price of $<